3D Projector Market Size Worth $4.34 Billion By 2025 | CAGR: 5.4% | Grand View Research Inc

The global 3D projector market size is expected to reach USD 4.34 billion by 2025, registering a CAGR of 5.4% over the forecast period, according to a new report by Grand View Research, Inc. The increasing demand for a variety of 3D projectors from the cinema and corporate sectors is expected to drive the market growth over the forecast period. The demand is ascribed to vast benefits that a 3D projector provides, including an enhanced and a realistic viewing experience.

A 3D projector also finds extensive demand in events and large venues that require the projection of an image or video to be large, clear, as well as visible from a considerable distance. As a result, the demand for 3D projectors that have a brightness range of more than 4,000 lumens is increasing. Projection devices with higher brightness range provide better clarity and the projection is easily visible from a certain distance. In the near future, the demand for products of more than 4,000 lumens brightness is expected to notably increase among event management agencies.

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Furthermore, the promising growth prospects of the market are also attributed to the increase in the number of 3D movie screens, especially in the APAC region. Furthermore, the education sector is witnessing a paradigm shift in terms of teaching and training methods. The use of innovative and more immersive products is witnessing a notable rise ensuring quality education and better retention, engagement, and learning outcomes. These factors are expected to emerge as promising growth opportunities for the market in the near future.

3D Projector Market Report Highlights

·         The 3D projector market is anticipated to witness a substantial growth owing to the increasing number of 3D movie screens globally and digitalization in the education sector

·         In terms of technology type, the DLP segment witnessed the highest market share in 2018, owing to advantages these projectors provide in terms of color, brightness, and visibility of the projection

·         In terms of brightness, the 4,000 to 9,999 lumens segment accounted for a significant share in the market in 2018 and is likely to expand at the fastest CAGR over the forecast period

·         In terms of light source, the laser segment is anticipated to witness significant opportunities in the market. Offering a longer life cycle and better accuracy, the rising demand for these products in museums, boardrooms, and classrooms has emerged as a significant factor driving the growth of the segment

·         The Asia Pacific regional market accounted for the dominant share in the market in 2018 and is likely to retain its dominance over the forecast period as well. This can be attributed to the continuous rise in the number of 3D movies being produced in the region

·         Key companies in the market include Optoma Corporation, Seiko Epson Corporation, Barco, Panasonic Corporation, NEC Display Solutions, and Christie Digital Systems USA, Inc. These companies stay ahead of the competition owing to their emphasis on geographical expansion and new product development.

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Grand View Research has segmented the global 3D projector market based on technology type, brightness, light source, application, and region

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