The key driver that is surging the demand of the 3D projector market during the forecast period includes the growing adoption of 3D projectors in home theatres, cinema halls, and smart classrooms at the global level. Continuous advancements in 3D projector technology and easy availability of the projectors will encourage the consumers to opt for 3D projector solutions with high image quality and multiple connectivity features, including Wi-fi & Bluetooth connectivity. Additionally, the rising popularity of 3D movies around the world, driven by its ability to provide a realistic experience will further strengthen the demand for 3D movies, thus boosting the growth for the global — 3D projector market over the coming years.
The increasing usage of the 3D projector for large venues, exhibitions, and events and the emerging trend of laser-based 3D projector among end-users is another factor that is responsible for the expansion of the 3D projector market share in terms of revenue. The growing advanced technologies in 3D projectors, including Liquid Crystal on Silicon (LCoS), Liquid Crystal Display (LCD) technologies, and the development of smaller size 3D projector units, will positively influence the demand of the market. However, on the other hand, the technological limitations with DLP projectors are likely to restrain the growth of the global 3D projector market.
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On the basis of technology, the DLP segment is projected to experience considerable growth in the next six years. This is due to the growing adoption of the DLP projector among the target customers across the globe. The DLP projectors provide higher contrast and limited space between pixels, which helps in delivering superior image quality. In addition to this, these projectors need less maintenance and are highly compatible with high-definition TV programs and DVD content, which makes them an ideal high definition projector.
Based on the light source, the laser segment is anticipated to emerge as the maximum revenue generating segment over the forecast period. This is attributed to the accelerating adoption of laser projectors in various applications such as businesses, cinemas, and smart classrooms across the globe. The laser projector offers consistent brightness with an average lifespan of 20,000 hours and has greater energy efficiency.
Based on the application, the cinema segment exhibits substantial growth potential and is expected to gain traction over the forecast period. The emerging trend of 3D movies and the rising number of cinema screens at the global level are the major factors that are boosting the demand of the segment. For example, Samsung India plans to install 40 Onyx 4K Active 3D Cinema LED Screens in Bengaluru by the next three years. The strong demand for 3D movies among the audience will energize the requirement for the 3D projector as it provides a better experience to the viewers.
On the basis of the region, the Asia-pacific region is predicted to dominate the 3D projector market in the next six years. This is due to the easy availability of 3D projectors at an affordable price in the Asian countries, such as China and Japan. Moreover, the accelerating adoption of innovative technologies in the entertainment and education sector across China and India will open new doors for the market growth in this region. The fundamental shift in the customer’s preference towards 3D movies in the Asian countries is encouraging the end-users to opt for 3D projected to capture the changing demand of the target audience. For example, in China, various production houses are releasing their movies in 3D version to meet the growing demand of the customers. In addition to this, the expanding number of movie screens and the strong demand for home theatre and gaming projectors among the end-users will further surge the growth of the market during the forecast period.
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The key players of the 3D projector market include JVC Kenwood Corporation, NEC Display Solutions, Ltd., Seiko Epson Corporation, Barco NV, Vivitek Corporation, BenQ Corporation, Sony Corporation, Optoma Corporation, Christie Digital Systems USA, Inc., Panasonic Corporation, and ViewSonic Corporation, among others.
The research report on the 3D projector market provides an in-depth analysis of the market revenue based on technology, light source, brightness, resolution, application, and region for the forecast period from 2020 to 2027. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for the market. The report also analyses the competitive landscape, major players, and their strategies in 2019. The competitive landscape section of the report captures and highlights the recent developments in the market.
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