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Interactive Projector Market

Interactive Projector Market

Interactive Projector Market Analysis by Product Type (Ultra, Short Throw, Short Throw, Standard Throw), by Application (Education, Corporate, Government), by Region - Global Forecast 2022-2032

Interactive Projector Market
FACT7265MR
  • Apr-2022
  • List of Tables : 72
  • List of Figures : 96
  • 170 Pages
  • Technology

Interactive Projector Market Outlook

The global interactive projector market is predicted to rise at a CAGR of 19.8% during 2022-2032.

The interactive projector market is projected to reach US$ 20.9 Bn by 2032 from US$ 3.4 Bn in 2021.

 The sales of interactive projectors are anticipated to grow due to the growing usage of e-learning in the education and corporate sectors. Furthermore, the demand for interactive projectors is anticipated to rise significantly over the forecast period, due to rapid telecommunication technologies and networking.

The demand for interactive projectors is also rising as it provides multiple functionalities to the users. Smooth interactivity, multi-touch collaboration, real-time learning, and extremely efficient user engagement are all features of interactive projectors that are aiding in the growth of the interactive projector market.

In addition, the global interactive projectors market is benefiting from technological advancements in terms of Internet speed and connectivity, as well as the increasing sales of interactive projectors in institutions and offices for training purposes.

Data Points

Market Insights

Interactive Projector Market Value (2021)

US$ 3.40 Bn

Estimated Market Value (2022)

US$ 4.07 Bn

Projected Market Value (2032)

US$ 20.9 Bn

Global Market Growth Rate (2022-2032)

19.8%

Market Share of Top 5 Countries

93%

Key Market Players

  • Seiko Epson Corporation
  • BenQ Corporation
  • Touchjet Inc.
  • Dell Technologies Inc.
  • Optoma Technology Inc.

Impact of COVID-19 on the Interactive Projector Industry

The emergence of the COVID-19 pandemic has significantly impacted the interactive projector industry. Regulatory agencies all across the world are compelled to enforce stringent lockdowns and travel bans as the COVID-19 pandemic unfolds.

As a result, this has significantly impacted the demand for interactive projectors. Due to COVID-19, the demand and the sales of interactive projectors witnessed a downtrend.

The supply chain systems of interactive projectors were interrupted due to the COVID-19 epidemic, as a number of basic equipment and commodities are heavily reliant on imports from other nations.

Furthermore, the stringent rules of governing bodies to obey social distance standards compelled enterprises to work with a minimum workforce, resulting in a fall in the interactive projector market production rate.

All of these problems affected the outlook of the portable projector market. However, following the COVID-19 pandemic, the demand for interactive projectors is projected to rise due to the broad and inventive applications of interactive projectors in areas such as consumer electronics, business, education, and others.

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Sales Analysis of Interactive Projector Market for 2022 to 2032

“The global educational projectors market is being driven by the adoption of interactive projectors in educational institutions and the growing trend of interactive learning classes.”

Reduced hardware costs and the rising availability of smartphones are driving the Bring Your Own Device (BYOD) sector. Employees prefer to use a single device for both professional and personal work in order to avoid theft and the hassle of carrying two separate devices, which has influenced the demand for interactive projectors.

The growing emphasis on product developments, such as projector integration with handheld digital cameras and mobile phones, is expected to boost the sales of interactive projectors in the education market.

One of the primary factors projected to stymie the demand for interactive projectors is technological obsolescence. Furthermore, vendor-developer collaborations can provide a number of difficulties in sales of interactive projectors.

The increased demand for advanced IT infrastructure is expected to be a challenge for the interactive projector market. Furthermore, the inclusion of these services in smartphones and tablets is expected to boost the demand for interactive projectors in the coming years.

“Increased adoption of open IoT platforms that enable a variety of applications, networks, and devices is expected to drive demand for interactive projectors.”

The demand for interactive projectors is projected to grow as these projectors maintain every user’s interest and also allow everyone to actively engage, whether in educational institutions or office meetings.

The interactive projector market is predicted to rise as it allows students to get hands-on learning experiences, and some of the newly released projectors make it easy for them to absorb information.

Sales of interactive projectors are predicted to increase significantly during the evaluation period, as more teachers are expected to use these devices to develop educational games, assign group projects, and hold enjoyable learning competitions in schools.

Another reason that is expected to boost the demand for interactive projectors is the rise in environmental concerns. In educational institutions, the widespread adoption of interactive projectors has removed the need for papers when working on homework and class assignments. Students can also use file-sharing apps to get online and view their notes.

What are the Emerging Trends in the Interactive Projector Market?

The increased demand for interactive projectors to deliver presentations and communicate information to patients in the corporate and healthcare sectors is projected to boost the interactive projectors market growth.

Furthermore, the demand for interactive projectors is growing as key players are employing interactive projectors to provide consumers with an immersive gaming experience. As a result, this is projected to boost the sales of interactive projectors during the forecast period.

For more intricate games, interactive projectors allow the gamer to modify the gaming scene and interact with the walls, floors, and tables. Various technical breakthroughs, including product integration with cloud computing, the internet of things (IoT), and artificial intelligence (AI), are resulting in rising sales of interactive projectors.

Other factors, such as advances in sensor technology and the introduction of favorable legislation to support digital learning solutions, as well as increased automation and digitization across the education sector, are likely to fuel the sales of interactive projectors even more.

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How are Some Challenges Stifling Interactive Projector Market Growth?

Some factors that may limit the growth of the interactive projector market include the inability of interactive projectors to respond to palm or fingertip contact, writing on the display image requires the use of a stylus or pen.

PCs, laptops, and tablets are heavily reliant on their input. As interactive projectors rely on fans to operate, they often produce a lot of noise. This factor is likely to stifle the demand for interactive projectors during the forecast period.

Interactive projectors require annual maintenance and replacement, which can be costly, especially at schools and colleges where interactive technology is frequently used in the classroom. The initial cost of display screens is substantial, which may limit the sales of interactive projectors in budget-conscious schools and universities.

Comparative View of Adjacent Interactive Projector Market

Attributes

Interactive Projector Market

Portable Projector Market

Pico Projector Market

 

CAGR

(2022-2032)

19.8%

4.3%

10.9%

Market Value

(2026)

US$ 8.38 Bn

US$ 2 Bn

US$ 6.2 Bn

Growth Factor

Market is growing due to increasing usage of e-learning in the education and corporate sectors.

Digitalization in the education sector and technological advancements in portable projectors are driving market growth.

Projectors have seen technological breakthroughs as a result of an increase in the adoption of minimalism, resulting in the lowering of their sizes.

Opportunity

Apart from educational institutions, the increasing demand for presentation in offices is creating a variety of opportunities for growth.

The market is expected to grow due to large investments in introducing cutting-edge technology-based gadgets in the education sector in North America.

In the defense and aerospace industries, a pico projector can provide the military with a 3D representation of enemy deployments in real time.

Key Trends

Open IoT platforms enable a wide range of applications, networks, and devices which is projected to aid in market growth.

Companies are lowering the price of these devices in the home entertainment category to appeal to a wider audience.

The global projector industry is likely to be transformed by evolving laser technology, which will allow projectors to be smaller and more portable.

The demand for Interactive projectors is rising as they are small, lightweight, and ideal for corporate, educational, and entertainment applications.

Modern portable projectors can be connected to the internet and come with memory devices for storing important information. Additionally, portable projectors have handy USB, HDMI, and MHL connectors for connecting to smartphones, laptops, and tablets, which are essential to access information and may be quickly connected.

Furthermore, interactive projectors feature high resolutions, such as HD and Full HD, and built-in speakers and batteries for improved picture quality. Some portable projectors fit easily into pockets, and due to this portability, the sales of interactive projectors are growing rapidly.

Interactive projectors can be purchased for a low price, making them a financially viable option for home entertainment. They are primarily purchased for their portability, convenience, and cost.

Companies are now developing high-quality 2D and 3D portable projectors that use less electricity and emit less heat. In the coming years, such features are likely to increase the sales of interactive projectors.

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Segment-wise Insights

What is the Segmentation Outlook for the Interactive Projector Market?

During the forecast period, the ultra short throw projectors segment in the interactive projector market is predicted to develop at the fastest CAGR of 20.4%.

When compared to short throw and standard throw projectors, the distance between screen and projector in ultra short throw projectors is the shortest. The demand for ultra short throw projectors is grown as they provide reduced shadows.

Furthermore, ultra short throw projectors can also help in installations when space is less by limiting the amount of light that touches the presenter's eyes. Due to these factors, the ultra short throw projectors are projected to dominate the market.

Which Segment is Likely to Lead the Interactive Projector Market By Application?

Due to growing penetration of interactive projectors in educational applications, the education segment is likely to lead the interactive projector market throughout the forecast period.

Children are more engaged while using interactive projectors, and collaborative learning is increased. For example, ten students can simultaneously sketch on an interactive projector screen, making these interactive projectors excellent for enhancing engagement through group projects and presentations.

Region-wise Outlook

What is the Regional Demand Analysis in the Interactive Projector Market?

Regions

CAGR (2022-2032)

US Market

23.0%

UK Market

20.3%

China Market

24.1%

Japan Market

24.4%

India Market

24.5%

During the projected period, the interactive projectors market in APAC is expected to develop at the fastest rate. The interactive projectors market is growing due to the increasing penetration of interactive projectors in the education segment in countries such as China, Japan, India, Australia, South Korea, and Malaysia.

Increased government support and education spending, as well as technology use in the education and corporate segments, are some of the drivers driving the interactive projectors market's growth.

Furthermore, the North America has a large market for consumer electronics, which is the primary application for interactive projectors, the U.S. has been a big contributor to the overall growth of the interactive projector market with a CAGR of 23%. The United States spends a lot of money in the education sector to introduce cutting-edge technology-based equipment like interactive projectors.

With the majority of students having access to computers or smartphones, students' flexibility and acceptance of new technology contribute to their development not only academically but also personally. However, due to the negative impacts of COVID-19 on the infrastructure and commercial sectors, the US interactive projector market declined significantly in 2020.

Competitive Landscape

To increase their market share across numerous end-use industries around the world, the majority of key players in interactive projector market are focused on application specific requirements. Due to their capacity to decrease shadows and glares from the light source, ultra-short throw projectors are predicted to provide new growth prospects for numerous start-up and international enterprises in this interactive projector market.

Recent Developments in the Interactive Projector Market:

  • Epson, a Japanese electronics manufacturer, for example, introduced BrightLink Academy, its latest professional development courses focused at educators, in February 2022, to assist teachers in generating interesting learning experiences for pupils.
  • Marc Catanese, for example, opened the new X-Golf indoor golf simulator course in Worcester in March 2022.
  • ViewSonic India won a tender in February 2022 to deliver about 1300 Interactive Flat Panels (IFPs) to the Brihanmumbai Municipal Corporation's digital classroom project (BMC).
  • Optoma Corporation announced in September 2021 that it has successfully achieved the top brand in India's 4K and DLP UHD categories during the second quarter of 2021.

Key Segments

  • By Product Type:

    • Ultra Short Throw
    • Short throw
    • Standard throw
  • By Application:

    • Education
    • Corporate
    • Government
  • By Region:

    • North America
    • Europe
    • APAC
    • Middle East and Africa (MEA)
    • Latin America

- FAQs -

The interactive projector market is projected to rise at a CAGR of 19.8% during the projected period.
The global interactive projector market was valued at US$ 4.07 Bn in 2021.
The global interactive projector market is likely to be worth nearly US$ 20.9 Bn by 2032.
Asia Pacific is the leading region for interactive projector market.
With a CAGR of 20.4%, the ultra short throw projectors are expected to dominate the interactive projector market.

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