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:
The projector screen market involves products that enhance the display of images projected from a video projector. Projector screens come in various sizes and gain popularity as an affordable home theater alternative. They reflect projected images onto their surface with uniform quality and even brightness level. growing adoption of advanced home cinema and theater systems coupled with rising demand for large high-definition screen viewing drives the need for projector screens.
Market key trends:
A key trend in the projector screen market is the rising popularity of motorized and automatic projector screens. These screens can be remotely controlled for easy operation and come equipped with in-built motors for automatic raising and lowering. Their user-friendly design with advanced automation features enhances the viewing experience. Furthermore, growing adoption of widescreen formats such as 16:9 and 2.35:1 aspect ratios has increased demand for wide format projection screens. Leading manufacturers are focusing on widescreen projector screen models compatible with latest ultra-short throw and laser projectors to capitalize on the technology upgrade cycle in commercial and residential markets.
Porter’s Analysis
Threat of new entrants: Low capital requirements and minimal expertise required to enter the market acts as a potential threat. However, established brands have strong distribution networks and customer loyalty which acts as a deterrent.
Bargaining power of buyers: Buyers have moderate to high bargaining power due to availability of numerous providers and easy availability of substitutes. Buyers can negotiate on price and demand value-added services.
Bargaining power of suppliers: A few large suppliers exist for raw materials like projection screens, projector lamps etc, giving them moderate bargaining power over manufacturers. However, established brands can source from other suppliers in case of dispute.
Threat of new substitutes: Substitutes like interactive whiteboards, tablets offer alternative options but lack capabilities of large screens. Projector screens have low threat from substitutes.
Competitive rivalry: The global market is fragmented with presence of several global and regional players. Players differentiate based on features, quality, and pricing creating high competitive pressure.
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 demand from educational institutions and corporate offices.
Regional analysis: North America dominates the market currently owing to widespread adoption in teaching methods. Asia Pacific is expected to grow at fastest pace due to rising education infrastructure and commercial construction. Countries like China, India offer immense growth opportunities.
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. Key players focus on new product launches and expansion in growing markets to strengthen their positions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
