Interactive Projector Market Segmentation
The global interactive projector market is segmented based on application, dimension, resolution, projection distance, and display type.
By display type, the digital light processing (DLP) segment will lead the market over the forecast period.
By projection distance, the ultra-short throw segment will dominate the market over the forecast period.
By resolution, the HD segment will spearhead the market over the forecast period.
By dimension, the 3D segment will have the lions share over the forecast period.
By application, the education segment will have the largest share in the market over the forecast period.
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Key Players
Eminent players profiled in the global interactive projector industry report include Seiko Epson Corporation (Japan), Christie Digital (U.S), BenQ Corporation (Taiwan), ViewSonic Corporation (U.S), Dell Inc. (U.S), Hitachi, Ltd. (Japan), Optoma Corporation (Taiwan), NEC Corporation (Japan), Sony Corporation (Japan), Touchmagix (U.S), Panasonic Corporation (Japan), and Touchjet, Inc. (U.S). Other players in the market comprise Boxlight Mimio (U.S), Vivitek Corporation (U.K.), Delta Electronics (Taiwan), Casio (Japan), Infocus Corporation (U.S), Mitsubishi Corporation (Japan).
The global interactive projector market is fragmented and also competitive for the presence of different international domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, new product launches, and more.
Interactive Projector Market Analysis
The interactive projector market size will touch USD 3 billion at a 21% CAGR in the forecast period (2020- 2027), as per the latest Market Research Future (MRFR) report.
Drivers
Increasing Adoption in Education Centers to Boost Market Growth
Rapid advancements in technology have led most educational institutions in focusing on e-learning and virtual methodologies. Numerous schools have adopted interactive and engaging teaching methods in schools for facilitating the learning experience. Increasing use of interactive projectors in educational institutions will boost market growth.
Restraints and Challenges
Lack of Awareness to act as Market Restraint
The lack of consumers regarding interactive projectors will act as market restraint over the forecast period. Besides, the COVID-19 impact may also impede market growth.
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Opportunities
Immersive Gaming Experience to offer Robust Opportunities
Increasing use of interactive projectors by game developers to offer immersive gaming experience to consumers will offer robust opportunities to this market in the forecast period. Interactive projectors allow gamers in customizing the gaming area and interacting with tables, floors, and walls for elaborate gameplay.
Interactive Projector Market COVID-19 Analysis
Several industries have been impacted by the COVID-19 crisis and the global interactive projector market too is no exception. It has also gone through the brunt of the outbreak. Supply chain disruptions, economic situations, fluctuations in demand share, as well as long-term immediate effect of the COVID-19 pandemic possessed a negative effect on this market growth. But following the relaxation of lockdowns, the market is likely to get back into normalcy soon.
Interactive Projector Market Regional Analysis
North America to Command Interactive Projector Market
North America will command this market in the forecast period. Technological advancements, the huge availability of enterprise, institutional and corporate infrastructures, increasing adoption in Canada and the US, rising penetration of interactive projectors in the corporate realm, rising support from the government to accept technologies in education sector, the presence of economically developing nations like China, India, and Japan, increasing awareness among end users about interactive projectors, increasing technological developments, growing adoption rate of smart classrooms, rising need for interactive projectors from business enterprises and from government agencies that allow employees for collaborating on reports and documents and for creating stronger information are adding to the global interactive projector market growth in the region.
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