Authored By: Sarah
03 Sep 2024

Projector Screen Market Size to grow by USD 5090.8 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Projector Screen Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The projector screen market is experiencing organic growth, with vendors introducing innovative new products to attract customers. Notably, dnp denmark has launched two new projector screens: the updated dnp Supernova XL and the 80 dnp ClearSign screens. The dnp Supernova XL, a newer version of the popular model, boasts a 20% reduction in installation time and a 25% lighter weight, making it easier to install and less taxing on walls. Additionally, dnp denmark has entered the advertising and digital signage market with the launch of its 80 dnp ClearSign screens. These screens are designed for optimal image quality and durability, ensuring maximum impact for businesses utilizing projector technology for marketing purposes.

Key Highlights

Growth Projections

The global projector screen market  size is estimated to grow by USD 5090.8 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.32% during the forecast period. Product innovation and advances leading to portfolio extension and product premiumization is driving market growth, with a trend towards increasing organic growth  However, intense competition leads to price wars and reduces profit margins  poses a challenge.Key market players include ACCO Brands Corp., Barco NV, dnp denmark as, Draper Inc., Elite Screens Inc, Glimm Screens BV, Grandview Crystal Screen Co. Ltd., Groupe Adeo, Harkness Screens International Ltd, Legrand, Pioneer Audio Visual Equipment, Pyle USA Sound Around Inc, Remaco Technologies Pte Ltd., Screen Innovations, Seiko Epson Corp., Severtson Screens, Silver Ticket Products, Stewart Filmscreen, Swastik Telon, and Vutec Corp.

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Major Findings

  • The projector screen market has witnessed significant product innovation and advancements, leading to an expansion of product offerings and premiumization. Manufacturers are introducing new technologies such as motorized screens, ambient light rejecting materials, and 3D screens, catering to diverse consumer needs and preferences. These innovations have enabled companies to differentiate their products and command higher prices, resulting in a more premium market landscape.

  • The projector screen market has experienced significant growth due to the increasing discretionary income of consumers. With more funds available for entertainment and home theater systems, the demand for high-quality projector screens has risen. Consumers are investing in projector screens to enhance their home cinema experience, leading to increased sales in this market. Additionally, advancements in technology have resulted in more affordable and user-friendly options, making projector screens an attractive investment for a wide range of consumers.

  • The projector screen market experiences robust competition, resulting in intense price wars amongst key players. This fierce competition significantly reduces profit margins for manufacturers and retailers. To remain competitive, companies must continually innovate and offer high-quality products at competitive prices. However, this market trend poses a challenge for businesses seeking to maintain profitability while meeting consumer demand for affordable, advanced projector screens.

  • The projector screen market experiences a standard product lifecycle, encompassing introduction, growth, maturity, and decline. During the introduction phase, innovative screens with advanced features enter the market, gaining initial interest. In the growth phase, increasing demand and competition lead to improvements and diversification. Maturity brings stability, with sales plateauing and market saturation. Eventually, the decline phase arrives, marked by decreasing sales and technological advancements rendering older screens obsolete.

Market Research Overview

The Projector Screen Market is a significant segment of the expansive global Electronic Equipment and Instruments Market. This market encompasses manufacturers of various ICT and electronics products, including communications equipment, technology hardware and storage, electronic components, consumer electronics, and industrial electronics. According to Technavio's market analysis, the global Electronic Equipment and Instruments Market size is determined by the revenue generated from the sales of these products. The market's growth is driven primarily by the increasing demand for electronic test and measurement equipment. This demand is fueled by technological advancements and the digital transformation occurring in various industries, such as semiconductors, automotive, information technology, consumer electronics, industrial, energy, and medical devices.

The Projector Screen Market is experiencing significant growth, fueled by the Product innovation and advances leading to portfolio extension and product premiumization. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

The projector screen market experiences continuous growth due to the increasing demand for large-format displays in various sectors, including education, corporate presentations, and home entertainment. Key players in this market focus on product innovation, cost competitiveness, and distribution expansion to cater to this growing demand. Technological advancements, such as motorized screens and 3D screens, further enhance the market's potential for revenue growth.

Research Analysis Overview

The projector screen market encompasses a wide range of products, from small screens for on-the-go projectors to large ones used in rooftop restaurants, outdoor events, and temporary structures. These screens are essential for showing movies, presentations, and other visual content at various shows, events, and entertainment venues. Front projection screens, slide projectors, overhead projectors, digital projectors, film projectors, and even old-school movie theater screens are all part of this market. Start-ups and corporations alike use projectors for meetings, workshops, and seminars, catering to diverse audience sizes. Hotels and other hospitality businesses often invest in projectors and screens for temporary purposes, such as outdoor movie screenings. The projector screen market includes both wall-mounted and free-standing structures, requiring various support systems. Digital projectors have become increasingly popular due to their versatility and high-quality images, making them a staple in various industries. In summary, the projector screen market serves various sectors, from entertainment and hospitality to corporate and educational institutions, offering solutions for small and large-scale visual presentations.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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