June 14, 2024
Projector Screen Market
Ict

Projector Screen Market is expected to be Flourished by Increasing usage in Home Theatres, Corporate Offices and Classrooms

The global projector screen market continues to transform owing to growing preference of on-the-go entertainment and visual experiences in corporate offices and homes. Projector screens are widely used in home theatres and as part of smart home automation systems to project pictures, videos and multimedia content directly onto large surfaces. This allows viewers to enjoy theater-like experiences within the comfort of their living rooms. With increasing popularity of gaming consoles, smart TVs and streaming devices, the demand for projector screens is surging among households. In the corporate sector, presentation screens find widespread adoption in boardrooms, conference halls and training facilities to facilitate large group collaboration and impart visually engaging learning experiences. Moreover, growing practice of online teaching and digital classrooms during the ongoing pandemic is propelling sales of projector screens specifically designed for educational environments.

The global projector screen Market is estimated to be valued at US$ 4989.75 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The increasing usage of projector screens in home theaters, corporate offices and classrooms is one of the major drivers of the market. The growing trend of on-the-go entertainment through gaming consoles, streaming devices and smart TVs has increased the demand for projector screens among households. In addition, rapid digitization of corporate offices and classrooms fueled by ongoing pandemic has augmented the usage of presentation screens for large group collaboration and online teaching purposes respectively. Further, technological advancements in screen materials to deliver superior viewing experience under different lighting conditions along with portable and foldable screen designs well-suited for flexible workspaces will continue supporting the market growth over the forecast period.

Segment Analysis

The global projector screen market is dominated by the fixed type segment which holds around 80% share of the total market. Fixed type screens provide versatility of mounting location and setup while providing a large viewing area. They are most commonly used in training rooms, classrooms, boardrooms etc where projectors are installed permanently. The portable/pull-down type segment is the fastest growing segment and is expected to witness highest CAGR during the forecast period. Increasing usage of portable projectors for outdoor events, travel presentations etc is driving the demand for portable projector screens.

PEST Analysis

Political: Growth of education and commercial sectors globally is driving investments in audio visual equipment by governments which is positively impacting the projector screen market.

Economic: Increasing disposable incomes and growing demand for large format displays for immersive experience is fueling the demand for projector screens for home theaters.

Social: Rising awareness about benefits of visual learning and interactive presentations is increasing the adoption of projectors and screens in classrooms and corporate training rooms.

Technological: Advances in screen materials like tab-tensioned screens are providing brighter, crisper images. Introduction of smart screens with touch functionality is gaining popularity.

Key Takeaways

The Global Projector Screen Market Size is expected to witness high growth over the forecast period supported by rising investments in education infra and commercial construction. The global projector screen Market is estimated to be valued at US$ 4989.75 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.

North America currently dominates the market owing to large base of educational institutions and corporate offices adopting visual projection systems. The Asia Pacific region is expected to witness fastest growth on back of growing education sector and rising disposable incomes in the region which is driving home theater installations.

Key players operating in the projector screen market are Armstrong Medical, Fisher & Paykel Healthcare Limited, Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA. Key players are focusing on expanding their product portfolio by introducing value added features like tab-tensioned screens, smart screens with touch functionality to gain competitive edge. Companies are also investing in developing economies through partnerships with local players to benefit from high growth opportunities.

*Note:
1.      Source: Coherent Market Insights, Public sources, Desk research
2.      We have leveraged AI tools to mine information and compile it