Interactive Projector Market Highlights:
Interactive projectors help the presenter to connect with the projected images with the added sensors that can track movements and add them to the projected image. Interactive projectors allow the presenter to interact with the displayed image using an electronic/ mechanical stylus or gestures using fingers.
Interactive projectors are extensively used in sectors such as education, healthcare, media & advertisement, hospitality & tourism, and enterprises among others. Rapid advancements in technology over the past few years have led most of the educational institutions to focus on virtual as well as e-learning methodologies which, in turn, is driving the market growth of interactive projectors hugely. Resultantly, the interactive projector market is garnering colossal traction on the global platform.
Recognizing the huge traction, this market is witnessing, currently, Market Research Future (MRFR) in its recently published study report asserts that the global interactive projector market is expected to reach approximately 3 BN USD with a whopping CAGR of 21 %CAGR during 2017-2023.
Augmenting adoption of interactive projectors in various schools that have adopted interactive and engaging teaching methods to facilitate the learning experience predominantly drives the market growth. Besides, extensive usages of interactive projectors in organizations to explain new modules to their employees during a presentation foster the market growth.
In healthcare sectors, Interactive Projector Market extensively used to incorporate interactive games to help the patients in stimulating physical activity and encourage social interaction. Widening uptake of the interactive projector in the burgeoning healthcare industry is a key driving factor supporting the market growth.
Additional factors substantiating the market growth include advantages that interactive projector deliver with the real-time access to the content and informative data and inventions in technologies. Simultaneously, the convenience interactive projectors render to the users are supporting the market growth, increasing the popularity of these projectors.
On the other hand, factors such as the lack of awareness towards this technology impede the market growth especially in the developing regions, allowing a slow adoption of these projectors. Also, the high set-up cost incurred in the installation is a key factor restricting the market growth of interactive projectors.
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Major Key Players:
Fervent players driving the market for the interactive projector include Seiko Epson Corporation (Japan), ViewSonic Corporation (U.S), BenQ Corporation (Taiwan), Dell Inc. (U.S), Optoma Corporation (Taiwan), Hitachi, Ltd. (Japan), Christie Digital (U.S), Touchmagix (U.S), NEC Corporation (Japan), Sony Corporation (Japan), Panasonic Corporation (Japan), Delta Electronics (Taiwan), Boxlight Mimio (U.S), Vivitek Corporation (U.K.), Infocus Corporation (U.S), Casio (Japan), Mitsubishi Corporation (Japan), and Touchjet, Inc. (U.S).
Interactive Projector Market Segments:
MRFR has segmented the analysis into six key dynamics for the scope of better understanding:-
- By Display Types: Digital Light Processing (DLP), Liquid Color Display (LCD) and Liquid Crystal on Silicon (LCoS).
- By Projection Distance: Ultra-Short Throw, Short Throw, and Standard Throw.
- By Resolution: XGA, Wide XGA, HD, and Wide UXGA among others.
- By Dimensions: 2D, and 3D.
- By Application: Education, Healthcare, Media & Advertisement, Hospitality & Tourism, and Enterprises among others.
- By Regions: Europe, North America, APAC and the Rest-of-the-World (RoW).
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Interactive Projector Market Regional Analysis:
Globally, the North American region accounts for the leading market for interactive projectors. Factors substantiating the market growth include advancements in technologies and the market proliferation of smart and connected devices. These prevailing trends are also expected to support the market to retain its dominance throughout the forecast period.
Presence of well-established infrastructures that allows a favorable environment for the development of technologies alongside the presence of key players in the region act as a tailwind to the regional market, allowing it to witness significant developments in technologies.
The interactive projector market in the European region is expected to witness rapid growth over the forecast period owing to the burgeoning tourism and healthcare sector. The emerging travel industry in the region is supporting the market growth favorably. Besides, the high adoption of interactive projectors in the government, as well as the corporate sector drives the growth of the regional market.
The Asia Pacific region is emerging as a promising market for interactive projectors which is expected to grow at the fastest rate during the forecast period. Burgeoning industries such as media & advertisement and travel and tourism help the market to increase, allowing penetration of these projectors. Besides, the proliferating Healthcare sector provides impetus to the market growth.
Growing markets in countries such as China, Japan, Korea, and India substantiate the market growth, augmenting the demand for the deployment of these projectors. Market players are focusing on targeting the development of advent interactive projectors to meet the requirement of customers’ need which increases the market size.
Interactive Projector Market Competitive Analysis:
The interactive projector market appears fiercely competitive with the presence of several large and small players operating in the market. Well-established players incorporate collaboration, acquisition, partnership, product launch, and expansion in order to gain a competitive advantage in this market. Manufacturers are emphasizing on improving their market performance by acquiring promising companies in the fast-growing markets.
Vendors employ improvement strategies continuously to analyze and update the software, implementing improvements and launching new technologies to meet the changing needs of the consumer. Substantial investments are transpired in R&D sector from the major players which, in turn, helping the market to grow. Growth in terms of technologies and product innovations in the market is also expected to create strong investment opportunities for global players.
Market players strive to offer standard and custom designed projectors that can provide superior performance and provide long-term service for demanding buyers. Emphasizing on quality, using the latest production techniques and quality standards, ensuring top quality and maximum performance they develop the projectors with the adept technologies, unique design, and features.
Industry/ Innovation/ Related News:
October 05, 2018 – BenQ Corporation (Taiwan) a global company involved in the sales and marketing of consumer electronics, technology products, and computing & communications devices launched its latest education interactive flat panel display -RM5501K along with pioneering products including laser projectors, digital signage and dustproof projectors various segments.
October 18, 2018 – Panasonic (India), one of the global leaders offering a wide range of Televisions, Home Appliances & Consumer Electronics launched its new top-end M Series projector – the Panasonic MZ770 with 8,000 lumens and a wide variety of suitable lenses that work with many applications. M Series laser projectors are 3LCD, a fantastic step up to move into the laser space.
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- Educational institutes
- Research organizations
- Corporate firms
- End users
- Raw material vendors
- Component providers
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