Computer Projectors Market Recent Technological Advancements to Propel Growth of the Market in Foreseeable Future by 2030
The computer projectors market refers to the industry involved in the production, sale, and distribution of computer projectors, also known as digital projectors. These devices are used to display visual content, such as images, videos, presentations, and data from a computer or other digital sources onto a screen or surface. Computer projectors are widely used in various settings, including classrooms, business meetings, home theaters, and large-scale events. The Global Computer Projector Market size is projected to grow at a CAGR of 6.57% during the forecast period (2023–2030). The growth can be attributed to the increasing adoption of projectors in various industries, such as education and business.
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Key Companies
· Apple Inc.
· Samsung Electronics Co. Ltd.
· Dell Technologies
· Hitachi, Ltd.
· Lenovo
· HP Inc.
Companies are also partnering with local, small manufacturers to expand their geographical reach and customer base, as well as investing in new manufacturing facilities to boost production capacity.
Global Computer Projectors Market Report Segments:
By Type
· PC Monitors
· Projectors
By Distribution Channel
· Offline
· Online
By Regional Outlook
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Outlook & Regional Analysis
With a revenue share of more than 35.0% in 2020, Asia Pacific dominated the market for PC monitors and projectors. This can be attributed to the rising demand for PC displays coming from developing nations like China and Japan for use in video games. The demand for PC monitors and projectors is primarily driven by the growth of e-learning and work-from-home jobs, as well as increased disposable income and middle-class population. Many Chinese businesses have entered the industry in order to provide goods at competitive prices through partnerships with e-commerce platforms. Over the course of the projection period, this will in turn drive the local market.
In several nations, the education sector is becoming more digitalized. For instance, India has Digital India and Skill India. Additionally, the industry may benefit from growing awareness of the benefits of digital media in the education sector, such as improved learning outcomes and higher levels of engagement. Additionally, a lot of industry participants are working with e-commerce platforms to boost product sales in order to increase penetration in the unexplored markets. Additionally, the introduction of fresh technologies for projectors and monitors like Display Light Processing (DLP) and Liquid Crystal Display (LCD) may have a positive impact on this market.
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