Interactive Projectors Market Is Projected To Reach Around $4.56 Billion By 2025: Grand View Research, Inc.

Interactive Projectors Market Is Projected To Reach Around $4.56 Billion By 2025: Grand View Research, Inc.

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According to a report published by Grand View Research, Students are opting digital education for gaining degrees and knowledge, paving way for considerable growth of the Interactive Projectors market over the projected period.

According to a report, “Interactive Projector Market Analysis By Technology (DLP, 3LCD, LCoS), By Projection Distance (Standard Throw, Short Throw, Ultra-Short Throw), By Application (Education, Business, Healthcare), And Segment Forecasts, 2018 – 2025“, published by Grand View Research, Inc., The global interactive projectors market is anticipated to reach USD 4.56 billion by 2025, An interactive projector is an institutional tool that makes any surface interactive. It offers efficient user interaction, real-time learning, multi-touch collaboration, and PC-free interactivity and enables easy integration of materials.

Key Takeaways from the report:

  • Increasing penetration of open IoT platform that supports various applications, networks, and devices is likely to spur the market demand

  • The Liquid-Crystal-on-Silicon (LCoS) projection technology is expected to portray high growth rate with a CAGR of over 24.4% over the projected period

  • The 3LCD technology segment dominated the market in terms of revenue in 2016 as it provides higher color light output

  • The increasing focus on product innovations, such as integration with handheld digital cameras and mobile phones, is anticipated to improve projector functionalities in the education segment

  • The ultra-short throw segment is expected to have high growth rate over the forecast period

  • Various government initiatives undertaken by the emerging economies of the Asia Pacific region, to modernize the education sector, are expected to drive the market demand

  • The key players of the market include Optoma Technology, Inc. (U.S.), Delta Electronics, Inc. (Taiwan), Panasonic Corp. (Japan), and Boxlight Mimio (U.S.)

France interactive projector market, by application, 2014 – 2025 (USD Million)

France interactive projector market, by application, 2014 - 2025 (USD Million)

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Global interactive projector market, by technology, 2016 (%)

Global interactive projector market, by technology, 2016 (%)

 

Embedded and energy efficient projection technology offers smart devices that use gesture interface and simple touch to interact with users. The increasing adoption of e-learning in the education and corporate sector is expected to drive the demand for the interactive projector market. With the advent of faster telecommunication technologies and networking, the e-learning market is anticipated to witness a significant growth over the projected period. The developing countries like Malaysia, Vietnam, and Thailand transformed the interactive projector marekt into a bustling industry with vast revenue opportunities for e-learning.

The Bring Your Own Device (BYOD) market is driven by factors such as reduced hardware cost and increased proliferation of smartphones. Employees prefer using a single device for both professional and personal work to avoid theft and difficulty involved in carrying two separate devices; influencing the interactive projector demand. The increasing focus on product innovations, such as integration of projector with handheld digital cameras and mobile phones. is anticipated to improve the functionality of a projector in the education segment.

Technology obsolescence is one of the major factors expected to hinder the market demand. Furthermore, vendor-developer partnerships may pose numerous challenges. The growing need for highly developed IT infrastructure is anticipated to be a challenge for the industry demand. Additionally, the advent of these services in smartphones and tablets is projected to fuel the market demand in the upcoming years.

Grand View Research has segmented the interactive projector market based on technology, projection distance, application, and region:

Interactive Projector Technology Outlook (Revenue, USD Million, 2014 – 2025)

  • Digital Light Processing (DLP)

  • 3LCD

  • Liquid-Crystal-on-Silicon (LCoS)

Interactive Projector Projection Distance Outlook (Revenue, USD Million, 2014 – 2025)

  • Standard throw

  • Short throw

  • Ultra-short throw

Interactive Projector Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Education

  • Business

  • Healthcare

  • Others

Interactive Projector Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • South America

    • Brazil

  • The Middle East and Africa (MEA)

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About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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