Projector Screen Market Growth Accelerated by Rising Adoption in Educational Institutions

 

Projectors are audio-visual display devices used for projecting images and videos onto a larger display surface like a screen or wall. They are widely used in educational institutions for presenting lectures, displaying teaching content and educational videos. Projectors offer advantages like large and clear display of content without using tablets or laptop screens individually. They enable collaborative learning and are cost-effective compared to installing LCD/LED displays in every classroom.

The global Projector Screen Market is estimated to be valued at US$ 12.37 Bn in 2023 and is expected to exhibit a CAGR of 5% over the forecast period 2023-2028, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rising adoption of projectors in educational institutions has been a key trend accelerating the growth of the global Projector Screen Market. Educational institutions across the world have been increasingly utilizing projectors to achieve their digital learning goals. They provide an affordable big screen display solution for classrooms compared to individual laptops/tablets. Teachers are able to present audio-visual learning content engagingly to large student groups using projectors. They also enable collaborative work among students easily. With digital learning witnessing a boom post-pandemic, the demand for projectors from schools and colleges is expected to continue rising at a strong pace over the next few years.

Segment Analysis
The Projector Screen Market can be segmented on the basis of technology into LCD, DLP, and LED. Among these, the DLP projector segment dominated the market in 2020 due to their higher brightness and contrast as compared to LCD projectors. The use of DLP results in bright and clear images, thereby making them a preferred choice for applications that require high brightness.

Key Takeaways
The Global Projector Screen Market Size is expected to witness high growth.

Regional analysis: Projector Screen Market in North America dominated in 2020 attributed to large presence of projection equipment manufacturers and high demand for projectors from various industries such as education and entertainment. The Asia Pacific Projector Screen Market is expected to grow at the fastest rate during the forecast period due to increasing demand from the education sector and corporate offices in the region.

Key players operating in the Projector Screen Market are Epson, BenQ, Optoma, ViewSonic, Dell, Canon, Panasonic, Acer, NEC, Sony, and Hitachi. Epson dominated the global market with highest market share in 2020 owing to its vast product portfolio and aggressive marketing strategies across various regions. However, the emergence of Chinese players offering technologically advanced and low-cost projectors is intensifying the competition in the global market.

For More Insights, Read: https://www.newswirestats.com/projector-screen-market-size-share-and-growth-forecast-2023-2030/