Global Projector Market Report and Forecast 2024-2032

Global Projector Market Size

The global projector market reached approximately USD 13.16 billion in 2023. The market is projected to grow at a CAGR of 4.70% between 2024 and 2032, reaching a value of around USD 19.93 billion by 2032.

Global Projector Market Outlook

• The US government increased the allocated budget for the education sector by 13.6 per cent in 2024 compared to the 2023 enacted level, thereby increasing the demand for projectors for innovative learning.

• Under the Startup India initiative, 26,522 startups were registered in India in 2022, which drives the demand for projectors for business meetings.

• A vast majority of projectors at present time use an HDMI (High-Definition Multimedia Interface) or a VGA (Video Graphics Array) cable.

Global Projector Market Growth

The growing usage of projectors in the corporate and education sectors, the rising popularity of portable projectors, and the rise in disposable income are some of the prominent factors influencing the market growth. In offices and enterprises, projectors are widely used for business presentations and video conferencing to present ideas and discussions in a more interactive manner. Meanwhile, in the education sector, they are used by professors and teachers for digital teaching and distance learning programs.

They can be also used for home entertainment purposes as they can offer people the cinematic experience of movie theatres at a much lower cost compared to a large TV. Moreover, in the gaming sector, they can appeal to gamers who want an immersive experience on a large screen, thereby, the demand for projectors which support HDR and have low lag is on the rise.

Market players are offering projectors with enhanced capabilities such as high-resolution screens and superior connectivity to gain a competitive edge. For instance, Hisense Vidda announced the launch of its two new projectors in May 2024 called C2 Ultimate Edition and C2S in its C2 series, which offer Wi-Fi 6 and Bluetooth 5.2 connectivity and a full-dimensional AI quality screen.

Global Projector Industry Segmentation

“Projector Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Home Theatre Projector

• Business Projector

• Portable Projector

Market Breakup by Technology

• DLP

• LCD

• LCOD

Market Breakup by Dimension

• 2D

• 3D

Market Breakup by Lumen

• Below 500

• 500-3000

• Above 3000

Market Breakup by Resolution

• VGA

• XGA

• HD

• FHD

Market Breakup by Application

• Consumer Electronics

• Corporate Offices

• Business

• Education

• Others

Market Breakup by Distribution Channel

• Hypermarkets/Supermarkets

• Speciality Stores

• Online Channels

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Projector Market Share

Portable projectors are anticipated to hold a significant share in the market in the coming years as they are extremely popular among mobile workers and professionals who have to deliver presentations on the go as these projectors offer a flexible solution. They can also be easily set up with HDMI and USB and can be connected to a broad range of devices such as smartphones, tablets, and laptops.

Leading Companies in Global Projector Market

The market players are launching projectors with enhanced colour sharpeners and full HD resolution gain a competitive edge in the market.

• Optoma Technology, Inc. 

• Sony Group Corporation. 

• LG Technologies, Inc. 

• MicroVision, Inc. 

• AAXA Technologies, Inc. 

• Lenovo Group Limited

• RICOH Company, Ltd.  

• Texas Instruments Incorporated. 

• ZTE Corporation. 

• Panasonic Corporation  

• Others

Key Highlights of the Report