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The projector screen market size is forecast to increase by USD 5.09 billion at a CAGR of 11.32% between 2023 and 2028. The market is witnessing significant growth due to several key trends. Product innovation and advances are leading to portfolio extension and product premiumization, driving market expansion. Additionally, increasing organic growth is fueling market demand. However, intense competition is resulting in price wars, which are reducing profit margins for market participants. To stay competitive, companies are focusing on product differentiation and value-added services to maintain profitability. The market is expected to experience continued growth, driven by these trends and the increasing popularity of projector technology for home entertainment and business applications.
The market is experiencing significant growth due to the increasing demand for large displays for various applications. Projector screens are used to support projected images and videos for entertainment and business purposes. Movie theaters and outdoor movie screenings are major consumers of large screens, while digital projectors and 3D projectors are gaining popularity over traditional film projectors. The market also caters to seminars, workshops, and corporate events in meeting rooms and hotels. Start-ups and small businesses are also adopting projectors for temporary use during presentations and shows. The market offers both small and large screens for various applications, including outdoor events and on-the-go projectors.
Front projection screens are commonly used for large audiences, while overhead, slide, and digital projectors are suitable for smaller gatherings. The market serves a wide range of industries, including entertainment, movies, events, and shows, and is expected to continue growing due to the increasing demand for enriching experiences.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The professional segment is estimated to witness significant growth during the forecast period. The market caters to diverse segments, including the corporate sector, meeting rooms, start-ups, and educational institutions. In the corporate world, projectors and screens and multimedia projector are integral to professional presentations, seminars, and training sessions. Film projectors and digital projectors have long been the go-to solutions for corporate events, while overhead projectors and slide projectors have taken a backseat. Front projection screens and back projection screens are popular choices for corporate spaces, available in ceiling recessed, floor rising, and fixed frame designs. Digitalization has led to the emergence of pico projectors and pocket projectors, suitable for banking, teaching, and student learning processes.
The entertainment industry, including cinema theatres, international multiplexes, commercial theaters, and events, relies heavily on large screens for movies, shows, and sports. Elite Screens and Elite Projector line cater to the premium end of the market, offering an enriching movie experience for on-the-go projectors. Projectors and screens are also used for temporary purposes in outdoor events, rooftop restaurants, and sports arenas.
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The professional segment accounted for USD 4.64 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market caters to diverse segments, including the corporate sector, meeting rooms, start-ups, and educational institutions. The demand for projectors and screens is significant in the corporate world for presentations during seminars, training sessions, and board meetings. Film projectors and digital projectors have been a staple in the leisure and entertainment industry, gracing cinema theatres, international multiplexes, and commercial theaters. Audience engagement is crucial in these spaces, leading to the adoption of large screens for an enriching movie experience. Front projection screens and back projection screens are popular choices for both indoor and outdoor events, such as corporate functions, sports events, and shows.
Ceiling recessed, floor rising, and fixed frame screens cater to various installation requirements. Professional settings often employ projectors for digital data presentations, while the teaching experience and student learning process benefit from the use of pico projectors and pocket projectors. The banking sector also relies on projectors for financial data analysis and presentations. The Elite Screens Elite Projector line and on-the-go projectors cater to the needs of professionals and individuals seeking a movie experience on small screens. Digitalization has led to the evolution of projectors, offering high-quality images and advanced features.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Product innovation and advances leading to portfolio extension and product premiumization is the key driver of the market. The market has experienced significant competition and technological advancements in recent years. Innovations in digital platforms, such as smartphones and tablets, have shifted consumer preferences towards high-performance projector screens. companies in this market are responding by introducing new products utilizing laser projector technology, folding frame designs, and electric or manual operation. These innovations prioritize resolution, brightness, and supportive screens to cater to the media and entertainment industry's evolving needs. To remain competitive, companies are investing in research and development, focusing on technology, performance, materials, features, and designs. This continuous innovation ensures that the global market meets the demands of consumers for advanced and versatile products.
Increasing organic growth is the upcoming trend in the market. The market is experiencing significant growth due to the increasing adoption of digital platforms for education in Schools and the rising demand for media and entertainment at home. companies are responding by introducing innovative projector screens, both traditional and online, to cater to this demand. For instance, dnp Denmark, a leading company, recently launched the new dnp Supernova XL screen, which boasts a folding frame, making it easier to install and reducing installation time by approximately 20%. Additionally, the new screen features a 25% weight reduction, minimizing strain on walls and improving handling. Furthermore, dnp Denmark introduced the 80 dnp ClearSign optical projector screens, specifically designed for advertising and digital signage applications.
With advancements in technology, such as laser projector technology, resolution, brightness, and supportive screens for Smartphones and Tablets, the market is poised for continued growth.
Intense competition leads to price wars and reduces profit margins is key challenge affecting the market growth. The market experiences intense competition, with manufacturers operating through organized and unorganized channels. Competition is driven by factors such as product portfolio, premiumization, differentiation, and pricing. New companies and private-label brands are entering the market, leading to price wars that may impact product quality and market growth. Additionally, the rise of multichannel retailers, including Walmart, with lower cost structures, and the increasing trend of online sales due to Internet penetration and the use of digital devices like computers, tablets, and smartphones, further intensify market competition. Key features of projector screens include laser projector technology for high resolution, folding frame designs for portability, electric and manual options for convenience, and supportive screens for media and entertainment applications. Brightness levels are also a crucial consideration, with higher brightness ensuring better visibility in various lighting conditions.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ACCO Brands Corp. - The company caters to the market, providing high-quality solutions for sports-related events. With a deep understanding of the industry and its requirements, the company offers top-tier projector screens specifically designed for sports applications.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing demand for large-format displays for various applications. Projector screens are used to project images and videos onto a large surface for movie theaters, outdoor movie screenings, seminars, workshops, hotels, and other professional uses. The market caters to different screen types, including digital projectors, movie projectors, overhead projectors, and slide projectors. The support structure for these screens comes in various forms, such as metal tubes, tripods, and stands. The market offers a range of screen sizes and customized shapes to cater to diverse requirements. Factors such as installation time, ambient light, and aspect ratio are crucial considerations for the selection of projector screens.
The market serves various industries, including corporates, museums, simulation and training, and the e-learning industry Applications include corporate meetings, presentations, business conferences, webinars, and exhibitions. Projector screens are available in wall-mounted and ceiling-mounted designs, and can be used for front or rear projection. Startups and small businesses also utilize projector screens for various purposes, such as product demos and training sessions.
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Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.32% |
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Market growth 2024-2028 |
USD 5.09 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
9.87 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 46% |
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Key countries |
China, US, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ACCO Brands Corp., Barco NV, dnp Denmark as, Draper Inc., Elite Screens Inc, Glimm Screens BV, Grandview Crystal Screen Co. Ltd., Groupe Adeo, Harkness Screens International Ltd, Legrand, Pioneer Audio Visual Equipment, Pyle USA Sound Around Inc, Remaco Technologies Pte Ltd., Screen Innovations, Seiko Epson Corp., Severtson Screens, Silver Ticket Products, Stewart Filmscreen, Swastik Telon, and Vutec Corp |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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