Education Sector Driving Flourishing Interactive Projectors Market, reports TMR
An up to date business intelligence report compiled at the headquarters of Transparency Market Research (TMR) has notified that the shares in global interactive projectors market are fragmented and the competition is intense. The analyst of the report has detected that the major players of the interactive projectors market are focused on harnessing new technologies and making an impression their consumers to stay ahead of the curve. The report has identified BenQ Corp., Seiko Epson Corp., Dell Technologies Inc., Touchjet Inc., Optoma Technology Inc., Panasonic Corp., Sony Corp., Hitachi Ltd., NEC Display Solutions Ltd., and Boxlight Mimio as a few players who held moderately prominent positions in the global interactive projectors market as of 2017.
If the projections of the TMR report are to be believed, the global interactive projectors market will attain a value of US$5.97 billion by the end of 2025, with the demand multiplying at a steep CAGR of 21.80% during the forecast period of 2017 to 2025. Application-wise, the education sector is currently providing for the most substantial chunk of demand in comparison to corporate and government. In terms of product type, the interactive projectors market has been bifurcated into standard throw, short throw, and ultra short throw. The latter has been identified to remain most profitable.
Geographically, North America is the most lucrative region owing to high adoption rate of new technologies. That being said, the Asia Pacific interactive projectors market is forecasted to expand at an above-average CAGR of 24.30% during 2017 to 2025, which is a reflection of growing number of small and medium enterprises and government funding for the educational sector.
Educational Sector Driving Demand
Striking advantages over conventional projectors is the primary driver of the growing demand for interactive projectors. The advanced projectors are ideal for e-learning, a trend that has been flourishing in the recent past. These projectors allow a teacher and more than one or two students to interact via the same screen simultaneously.
As the technology is harnessed further, the overall cost of the products is also expected to fall down and be more affordable for a larger base of consumers. In the near future, the demand for DLP projectors is foreseen to expand quickly as they offer benefits such as high contrast ratio, images are immune to dust due to sealed optics, and are lot more cost efficient than 3LCD projectors.
Low Awareness Levels a Moderate Restraint
On the other hand, low awareness levels among a vast majority of potential consumers in a number of emerging economies and the advent of interactive flat panel displays are a few restraints holding back the progress of the interactive projectors market. Nevertheless, the growing demand for ultra short throw segment is anticipated to open new opportunities in the interactive projectors market.
- Demand in the global interactive projectors market is forecasted to expand at a phenomenal CAGR of 21.80% during 2017 to 2025
- Flourishing e-learning sector credited for the strong demand
- While North America is currently the most profitable region for the vendors operating in this fragmented market, Asia Pacific is projected for a much stronger growth rate.
The information presented in this review is based on a Transparency Market Research report, titled, “Interactive Projectors Market (Product Type - Ultra Short Throw, Short Throw, and Standard Throw; Application - Education, Corporate, and Government) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”
Key Segments of the Global Interactive Projectors Market
By Product Type
- Ultra Short Throw
- Short Throw
- Standard Throw
By Region and Country
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC