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Grand View Research, Inc. – Market Research And Consulting.

“Interactive Projector Market Analysis By Technology (DLP, 3LCD, LCoS), By Projection Distance (Standard Throw, Short Throw, Ultra-Short Throw), By Application (Education, Business, Healthcare), And Segment Forecasts, 2018 – 2025”

The global interactive projectors market is anticipated to reach USD 4.56 billion by 2025, according to a new report by Grand View Research, Inc. An interactive projector is an institutional tool that makes any surface interactive. It offers efficient user interaction, real-time learning, multi-touch collaboration, and PC-free interactivity and enables easy integration of materials.

Embedded and energy efficient projection technology offers smart devices that use gesture interface and simple touch to interact with users. The increasing adoption of e-learning in the education and corporate sector is expected to drive the demand for the interactive projector market. With the advent of faster telecommunication technologies and networking, the e-learning market is anticipated to witness a significant growth over the projected period. The developing countries like Malaysia, Vietnam, and Thailand transformed the interactive projector marekt into a bustling industry with vast revenue opportunities for e-learning.

France interactive projector market, by application, 2014 – 2025 (USD Million)

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The Bring Your Own Device (BYOD) market is driven by factors such as reduced hardware cost and increased proliferation of smartphones. Employees prefer using a single device for both professional and personal work to avoid theft and difficulty involved in carrying two separate devices; influencing the interactive projector demand. The increasing focus on product innovations, such as integration of projector with handheld digital cameras and mobile phones. is anticipated to improve the functionality of a projector in the education segment.

Technology obsolescence is one of the major factors expected to hinder the market demand. Furthermore, vendor-developer partnerships may pose numerous challenges. The growing need for highly developed IT infrastructure is anticipated to be a challenge for the industry demand. Additionally, the advent of these services in smartphones and tablets is projected to fuel the market demand in the upcoming years.

Global interactive projector market, by technology, 2016 (%)

Further key findings from the report suggest:

• Increasing penetration of open IoT platform that supports various applications, networks, and devices is likely to spur the market demand

• The Liquid-Crystal-on-Silicon (LCoS) projection technology is expected to portray high growth rate with a CAGR of over 24.4% over the projected period

• The 3LCD technology segment dominated the market in terms of revenue in 2016 as it provides higher color light output

• The increasing focus on product innovations, such as integration with handheld digital cameras and mobile phones, is anticipated to improve projector functionalities in the education segment

• The ultra-short throw segment is expected to have high growth rate over the forecast period

• Various government initiatives undertaken by the emerging economies of the Asia Pacific region, to modernize the education sector, are expected to drive the market demand

• The key players of the market include Optoma Technology, Inc. (U.S.), Delta Electronics, Inc. (Taiwan), Panasonic Corp. (Japan), and Boxlight Mimio (U.S.)

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Technology Insights

Based on technology, the industry is segmented into 3LCD, Liquid-Crystal-on-Silicon (LCoS), and Digital Light Processing (DLP). The 3LCD segment dominated the market, in terms of revenue, in 2016 and is expected to continue its dominance over the forecast period.

The increasing technological advancements in the projection technology have increased the use of projectors for various applications. Epson developed a 3LCD projector that offered 6,000 lumens of brightness and a laser projector that delivered 25,000 lumens of brightness.

A DLP projector uses an optical micro-electro-mechanical technology to deliver sharp images, without using filters. It also has 3D capabilities. The recent advancements in the DLP technology includes DLP three chip system that is used for the stage productions, large venues, and award ceremonies. Some of the key DLP projector brands include Sharp Corporation (Japan), BenQ Corporation (Taiwan), and Optoma Corporation (Taiwan).

The LCoS-based projector has a lower adoption rate, owing to its high costs; compared to 3LCD and DLP projectors. However, the growing applications of LCoS projectors across various industries is likely to increase the penetration of the technology.

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