Projectors Market Report 2025

The projectors market size has grown strongly in recent years. It will grow from $11.1 billion in 2024 to $11.78 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to business presentations and education, corporate sector investments, home entertainment systems, government and public sector usage, cinema projection upgrades.

The projectors market size is expected to see strong growth in the next few years. It will grow to $14.53 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rise in home office setups, advancements in laser projection, gaming and entertainment, hybrid meetings and collaboration, outdoor events and large gatherings. Major trends in the forecast period include education technology (EdTech) adoption, technological advancements, growth in digital signage, rise of laser projection technology, rapid advancements in LED technology.

The surge in demand for projector screens within the educational sector is propelling the growth of the projector market. Educational institutions employ advanced teaching techniques to enhance the learning experience for students, with projectors playing a pivotal role in projecting presentation content on larger, clearer displays. For instance, a report by eLearning Industry in January 2022 highlighted that the eLearning industry had surpassed $240 billion, and it is projected to further increase to $374 billion by 2026. Consequently, the increasing demand for projector screens in educational settings is a key driver for the growth of the projector market.

Anticipated growth in the demand for electronic devices is expected to contribute significantly to the expansion of the projector market in the years to come. Consumer electronics encompass personal-use electronic devices such as smartphones, laptops, tablets, gaming consoles, and televisions. Projectors are utilized in consumer electronic devices to extend display capabilities, facilitating larger-screen viewing for entertainment, presentations, gaming, or sharing content from devices on more substantial surfaces, thereby enhancing the visual experience. In May 2023, the Japan Electronics and Information Technology Industries Association reported that total electronic equipment production in Japan reached $52.36 trillion (¥771,457 million), with consumer electronics production reaching $2.17 trillion (¥32,099 million). This marked an increase from $1.71 trillion (¥25,268 million) in May 2022. Consequently, the rising demand for electronic devices is a significant factor driving the growth of the projector market.

Technological advancement stands out as a significant trend gaining traction in the projectors market, with major players dedicating efforts to innovative technologies. A noteworthy shift in consumer preferences has been witnessed, with a focus on Home theatre projectors becoming one of the most favored categories. The surge in demand for home theatre setups, driven by the necessity to stay indoors, has made this category increasingly suitable and comfortable for consumers. In November 2022, ViewSonic, a US-based company specializing in projectors, launched two new projectors featuring third-generation LED technology for brighter visuals and a built-in Harman Kardon speaker, enhancing the audio experience for home movie screenings and video games.

Prominent companies in the projector market are directing their attention towards innovative solutions such as smart window projectors, aiming to elevate user interactivity and integrate seamlessly with digital platforms for presentations and collaborations. A smart window projector combines window functionality with built-in projection capabilities for display and interactive purposes. For example, in November 2022, BenQ, a Taiwan-based consumer electronics company, introduced the Smart Projector EH620, the world's first Windows-oriented projector designed for corporate settings. This cutting-edge device leverages Intel 4000 series CPU technology to integrate advanced applications and security protocols seamlessly. The EH620 ensures heightened protection through features such as single sign-on, multi-factor authentication, and conditional access, along with AES 128-bit encryption and WPA2 wireless security to guard against cyber threats. Its implementation of Intel Secure Boot further strengthens defense mechanisms against potential malware risks.

In October 2023, Honeywell International, Inc., a multinational conglomerate corporation based in the U.S., announced its acquisition of Air Products for an undisclosed amount. This acquisition is aimed at enhancing Honeywell's technological capabilities, expanding its market reach, and strengthening its position in critical sectors such as aerospace, building technologies, and performance materials. Air Products, a U.S.-based company in the chemical industry, manufactures a diverse array of products, including fertilizers, plastics, paints, detergents, pharmaceuticals, and pesticides.

Major companies operating in the projectors market include Mitsubishi Electric Corporation, BenQ Corporation, Sony Group Corporation, Hitachi Ltd., LG Technologies Inc., Panasonic Corp, Canon Inc., Sharp Corporation, Texas Instruments Inc., ASUSTeK Computer Inc., Ricoh Company Ltd., Acer Inc., Delta Electronics Inc., Seiko Epson Corporation, JVCKENWOOD Corporation, ViewSonic Corporation, NEC Display Solutions Ltd., InFocus Corporation, Optoma Technology Corp, EIKI International Inc., Vivitek Corporation, MicroVision Inc., Maxell Ltd., Aaxa Technologies Inc., Christie Digital Systems USA Inc., Digital Projection.

North America was the largest region in the Projectors market in 2024. The regions covered in the projectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the projectors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A projector is a device that utilizes light to project images or videos onto a flat surface, such as a screen or wall, for large-scale viewing. Projectors find widespread use in commercial applications.

Projectors are classified into various types, such as home theatre projectors, business projectors, and portable projectors. Home theatre projectors are devices used to project video content in home theatre or living room environments. They employ technologies such as DLP (digital light processing), LCD (liquid crystal display), and LCOS (liquid crystal on silicon), offering dimensions such as 2D and 3D. These projectors are distributed through channels such as hypermarkets, electronic malls, specialty stores, online retail, and others, catering to applications in business, education, home, cinema, and more.

The projectors market research report is one of a series of new reports that provides projectors market statistics, including projectors industry global market size, regional shares, competitors with a projectors market share, detailed projectors market segments, market trends, and opportunities, and any further data you may need to thrive in the projectors industry. This projectors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The projector market consists of sales of laser projectors and LED projectors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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