by The global 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 screen consists of a flat surface that the projected images are displayed on. Projector screens comes in various sizes and gain optimal viewing experience for conferences, exhibitions and training seminars by enhancing clarity and brightness of projected images.
Market key trends:
The growing demand for flat panel display projector screens from various end use industries such as education, entertainment and events is a major trend fueling the growth of the projector screen market. Flat panel display projector screens provide wider viewing angles, more accurate color reproduction and better brightness uniformity compared to traditional projection screens. Furthermore, advancement in display technologies along with rising number of smart classrooms and digital advertising systems worldwide is expected to drive the demand for projector screens over the forecast period.
SWOT Analysis
Strength: Projector screen market is benefitting from growth in education and corporate sectors where projector screens are widely used for presentations and meetings. Advancements in screen technologies are further improving image quality and viewing experience.
Weakness: Higher prices of specialty and motorized/automated projector screens limit their adoption in cost-sensitive markets. Traditional non-motorized screens have limitations regarding flexible adjustments.
Opportunity: Increasing construction of auditoriums, conference halls, and digital signage provides growth opportunities. Rising adoption of smart home automation solution presents prospects for motorized/automated screens.
Threats: Threat from alternative digital display technologies like flat panel displays. Economic slowdowns can impact capital expenditures on audio-visual equipment.
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 digitization of education and corporate sectors.
Regional analysis: North America dominated the market in 2022 led by the U.S owing to large-scale adoption of advanced multimedia platforms across educational institutions and corporate offices in the region. Asia Pacific is anticipated to exhibit the fastest growth through 2030 with major demand coming from China, India.
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. The market is fragmented in nature with top players focusing on new product launches and enhancing distribution networks globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
