Interactive Projector Market Highlights:
The Interactive Projector technology is emerging at a very fast pace in the global market. The merits of interactive technology in the world of gaming is its ability to turn a basic game into an interactive display by using projection mapping. Players can customize the arena and all other specifications which in turn bring out creativity among gamers. Interactive walls and dining tables are upgrading the dining experience to another level. Innovators use projector driven digital surfaces to deliver a delightful experience to their guests.
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 Marketextensively 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).
Interactive Projector Market Regional Analysis:
The global market for interactive projector is estimated to grow at a significant rate during the forecast period from 2017 to 2023. The geographical analysis of interactive projector market is covered for the regions such as North America, Europe, Asia Pacific and rest of the world. However, due to technological advancements, North America is expected to emerge as the leading region during the forecasting period. Education and government are the two major industries which will be seen using this technology extensively. APAC and Europe are little slow in adopting the technological upgrades but will advance in the upcoming period.
Epson seems to be leading in the Indian market as well as worldwide due to its 3LCD technology which provides three times higher color brightness as compared to other interactive projectors. Some Government schools in India are making efficient use of this interactive technology wherein the school is assigned with a tutor who teaches students and teachers how to operate the projector and carry out learning sessions thereof. Everything is connected to server and students can easily access and share their notes.
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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