Projector Screen Market is estimated to witness high growth owing to awareness regarding laser projector usage
Projector Screen Market |
The Projector Screen Market is estimated to be valued at US$ 4,331.38 Mn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Projector screens are large displays used to project images and videos created
by video projectors in a wider view. They provide bright, focused images even
in ambient lighting. Projector screens come in different sizes and surface
materials to suit various applications such as home cinema, auditoriums,
offices, and more. Flat or curved models are available depending on the
requirement.
Market key trends:
The key trend fueling the growth of projector screen market is rising adoption
of laser projectors. Laser projectors offer superior brightness, sharp
contrast, and vibrant colors. They also do not require lamp replacement,
thereby reducing the operational cost. However, laser projectors require
special screen surfaces to display high-resolution images. Manufacturers are
focusing on developing advanced screen surfaces that can reflect laser beams
efficiently while minimizing glare and ambient light reflection. They are
introducing screens coated with nano particles, quantum dots, and nano lattice
structures to enhance light reflection from laser sources. This growing
popularity of laser projectors is expected to augment the demand for compatible
advanced projector screens over the forecast period.
Porter’s Analysis
Threat of new entrants: The projector screen market has moderate threat of new
entrants as the market requires high initial investment and technical
expertise. There are also economies of scale advantages for established brand
names.
Bargaining power of buyers: Buyers have moderate bargaining power as there are
many established players offering similar products at competitive prices.
Bargaining power of suppliers: Suppliers have low bargaining power as raw
materials required for projector screens are commodity materials easily
available from multiple suppliers.
Threat of new substitutes: Substitutes like television and tablets poses low
threat as projector screens offers large display experience for professional
use.
Competitive rivalry: The market has presence of many global and regional
players intensifying the competition.
SWOT Analysis
Strength: Projector screen offers large display solutions for corporate
presentations, events and home theaters. It provides immersive viewing
experience to audience.
Weakness: Projector screens requires additional equipment like projector,
cables making overall setup costly. Portable projector screens have limited
brightness.
Opportunity: Growing demand from education and corporate sector for interactive
large displays is an opportunity. Increasing theater culture at homes also
boosting demand.
Threats: Declining sales of projectors hampering screens market. Emergence of
technologically advanced large displays like LED and OLED replacing projector
screens.
Key Takeaways
Global
Projector Screen Market Demand is expected to witness high growth,
exhibiting CAGR of 9.8% over the
forecast period, due to increasing demand from corporate offices, educational
institutions, and home theater market. Asia Pacific dominates the projector
screen market currently due to high demand from China, India, and other
developing countries. North America and Europe are also major markets however
Asia Pacific is growing at fastest pace.
Regional analysis: Asia Pacific is
the fastest growing as well as dominating regional market for projector
screens. Countries like China, India, Japan, and South Korea are major
contributors to the region's huge demand. Growing corporate sector, education
industry, and rising living standards increasing home theater culture in Asia
Pacific driving high adoption of projector screens.
Key players operating in the projector screen market are ACCO Brands Corp.,dnp
denmark as,Draper Inc,Elite Screens Inc,Glimm Screens BV,Grandview Crystal
Screen Co. Ltd.,Groupe Adeo,Harkness Screens International Ltd,Legrand
SA,Pioneer Audio Visual Equipment,Pyle USA Sound Around Inc,Remaco Technologies
Pte Ltd.,Screen Innovations,Seiko Epson Corp.,Severtson Screens.
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