Major participants in global interactive projector market are Texas Instruments Incorporated, Epson ProVision Technologies, Mimio Boxlight, Mitsubishi Electric Visual and Imaging Systems, InFocus Corporation, SMART Technologies, Hitachi, Ltd., BenQ Corporation, Sony Electronics Inc., and Touchjet, Inc. among others. These players are set to bolster the global interactive projector market in the forecast period.
As per the analysts at Zion Market Research, global interactive projector market was capitalized at almost USD 813.80 Million in 2016 and is likely to cross almost USD 2,618.05 Million by end of 2022, developing at a CAGR of slightly more than 21.5% from 2017 to 2022.
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Emergence Of Virtual Learning And E-Learning Likely To Boost The Growth Of Interactive Projector Market In The Near Future
As per analysts at Zion Market Research, the low price of interactive projectors in comparison to other interactive gadgets such as interactive flat panel displays and interactive whiteboards is the major reason to boost the development of interactive projector market. Interactive projectors can be employed on any surface and offers the similar quality, unlike interactive flat displays. In addition to this, the appearance of virtual learning and e-learning is also likely to add to the considerable growth of interactive projector market in the near future. E-Learning is attaining popularity in educational agencies all over the globe and the interactive projector is a perfect tool to offer content with rich material. Virtual learning assists bolster interactivity between teachers & students and has allowed the ease of access to education, thereby fostering the interactive projector market. Using interactive projector, remote learning has become achievable via live sessions, webinars, and video lectures, enhancing the development of the interactive projector market.
On the other hand, high cost of the interactive projector and lack of awareness is hindering the growth of interactive projector market. Nevertheless, technological enhancements in the interactive projector can propel the further development of interactive projector market. For example, in January 2018, at the CES (Consumer Electronics Show), Sony Electronics rolled out 4K Ultra Short Throw Projector equipped with 2500 lumens laser projection’s high brightness, thereby powering the development of interactive projector market.
Rising Penetration Of Interactive Projectors In The Corporate Realm To Power Interactive Projector Market In North America
In North America, rising penetration of interactive projectors in the corporate realm and rising support from government to accept different technologies in education sector fuels the development of interactive projector market. Economically developing nations such as Japan, India, and China are also likely to drive the development of interactive projector market in years to come. Ultra short throw projectors sector held uppermost share of interactive projector market as it gets rid of various issues related with interactive systems such as intrusive footprint and eye glare.
The global interactive projector market is segmented as follows:
- Short throw
- Ultra short throw
- Standard throw
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- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa