Interactive Projector Market

Interactive Projector Market Overview (2022-2032)

[250 Pages Report] The global interactive projector market is estimated to develop at a CAGR of 10.4% from 2022 to 2032, reaching USD 6.9 billion. It is expected to be worth USD 3.7 billion in 2022. The low cost of interactive projectors in comparison to interactive whiteboards is an important factor that is expected to boost business for interactive projectors during the forecast period.

• Rising demand for efficient e-learning and presentation solutions in education.
• There is increasing utilization of interactive projectors across the corporate and healthcare sectors for conducting presentations and communicating information to patients.
• Games developers are using these projectors to offer an immersive gaming experience to the consumer.
• Various technological advancements, such as product integration with cloud computing, the internet of things (IoT), and artificial intelligence (AI), are contributing.
• Improvements in sensor technologies and the implementation of favorable policies to promote digital learning solutions.

Report Attribute	Details
Estimated Base Year Value (2021)	USD 2.1 Billion
Expected Market Value (2022)	USD 3.7 Billion
Anticipated Forecast Value (2032)	USD 6.9 Billion
Projected Growth Rate (2022 to 2032)	10.4% CAGR

Development of Interactive Projectors in the North American Region Drives Global Growth:

The unexpected emergence of the COVID-19 pandemic in December 2019 accelerated the deployment of e-learning technology in the business and education sectors of industrialized countries such as Canada and the United States. The growth of speedier connectivity and modern telecommunication technologies in these countries is expected to boost interactive projectors in North America.

Many prominent and new competitors operating in the United States are increasingly concentrating on the creation of cutting-edge goods not only for the education sector but also for the sports business.

Opportunities are found in the Asia Pacific for Interactive Projectors

The growing government funding for education development in rising nations such as Malaysia, Australia, India, and China is expected to boost demand for interactive projectors throughout the Asia Pacific.

India was awarded a contract to supply around 1300 Interactive Flat Panels (IFPs) to help speed up the digital classroom project. They unveiled a new scheme worth INR 38 crore to replace traditional blackboards in India with interactive projectors.

Companies are attempting to Increase their Industry's Growth with Interactive Projectors

The after-pressing capabilities, with a focus on offering customers, include an all-inclusive package of an interactive projector, a game library, and more. Easy to install, plug&play, no maintenance. Fits any space, 300+ games included. Interactive Floor Games, Waiting Room Games, Interactive Wall Games One Space, Limitless Fun.

Due to the technological supremacy of interactive projectors, leading companies are offering the Ultra LS800 4K PRO-UHD®1 Ultra Short-Throw 3-Chip 3LCD Smart Streaming Laser Projector. The Ultra LS800 Laser Projector combines a sophisticated ultra-short throw lens with a laser-array light source to generate vibrant colours and deep blacks. The new Ultra LS800 Laser Projector, with next-generation ultra-short throw technology, delivers a breathtaking 4K HDR2 viewing experience up to 150-inches for extraordinarily bright, colorful, and precise projection in practically any scenario.

Some interactive experience design firms specialize in distinctive products that educate, thrill, and surprise via the use of real and virtual aspects.

They specialize in edutainment design and employ a range of technologies such as augmented reality, motion sensors, and interactive projectors to bring to life family entertainment centers, schools, museums, digital playgrounds, visitor centers, theme parks, and resorts, among other places.

Players are committed to offering clients the best-customized experience possible. All of our experiences may be customized in terms of both content and scale, ensuring that your visitors get the experience you want them to have. In February 2022, Japanese firms introduced Academy, which offers the latest professional development courses for educators targeted at assisting teachers in generating interesting learning experiences for students. These courses were created for the business's interactive displays. They will enable educators to enhance learning results and increase students' motivation through interactive learning.

An interactive projector is an institutional tool that provides the ability to interact with the projection. It offers smooth interactivity, multi-touch collaboration, real-time learning, and highly efficient user interaction features.

It helps in keeping everyone interested in classes and meetings in educational institutions and offices, respectively. One of the most crucial features of this projector is that it delivers everyone a chance to participate actively.

It enables students to gain hands-on learning experiences and some of the newly launched projectors allow them to absorb information quickly and easily. The sales of interactive projectors are anticipated to surge in the assessment period globally as more teachers are expected to create educational games, assign group projects, and conduct fun learning competitions in schools with the help of these products.

Rising concerns regarding the environment is another factor that is estimated to augur well for the global market. The extensive usage of interactive projectors in educational institutions has eliminated the need for papers to work on homework and class projects. Students can also go online and gain access to their notes through file sharing programs.

Which are Some Prominent Drivers Spearheading Interactive Projector Market Growth?

The increasing usage of interactive projectors, especially in the education domain is considered to be a major growth contributor in this market. Governments of many emerging economies are investing huge sums for the development and procurement of cutting-edge technologies for adoption in the education sector.

These projectors help in keeping students engaged and enhance their collaborative learning process. Several prominent companies are striving to develop novel products for students to deliver a better learning experience.

For instance, February 2022, Epson, a Japan-based electronics company, launched BrightLink Academy, its latest professional development courses aimed at educators to help teachers in creating engaging learning experiences for students. These courses were developed for usage in the company’s BrightLink interactive displays. They will enable teachers to improve learning outcomes and boost engagement among students through interactive learning. Similar other product launches are likely to accelerate the interactive projector market growth in the evaluation period.

What are the Challenges Faced by the Interactive Projector Industry?

Interactive projectors always require a stylus or pen for writing on the display image as these are incapable of responding to palm touch or fingertip touch. These are highly dependent on the input of other PCs, laptops, and tablets. These projectors often lead to high noise levels as they rely on fans to function.

These require regular maintenance and replacement, which may prove to be expensive, especially in schools and colleges that often try to include interactive technology in classrooms. The initial cost of display screens is high and this may obstruct the demand for interactive projectors in schools and colleges on a budget.

Why is North America Emerging as an Opportunistic Interactive Projector Market?

The sudden outbreak of the COVID-19 pandemic in December 2019 had resulted in the rapid adoption of e-learning technologies in the corporate and education sectors in developed countries, such as Canada and the U.S. The emergence of faster networking and advanced telecommunication technologies in these countries is set to boost the North America interactive projector market share in the forthcoming years.

Numerous dominant and new entrants operating in this region are increasingly focusing on the development of state-of-the-art products for not only the education sector, but also for the sports industry. In March 2022, for instance, Marc Catanese opened the new franchise of X-Golf, an indoor golf simulator course in Worcester. It has more than 100 golf courses and various interactive projectors that provide sounds of hawks and birds chirping. Spurred by the aforementioned factors, the North America market is expected to grow at a rapid pace.

How is Asia Pacific Contributing to the Growth of the Interactive Projector Market?

The increasing government support to develop the education sector in emerging economies, such as Malaysia, Australia, India, and China is set to augment the demand for interactive projectors in Asia Pacific. In February 2022, ViewSonic India won a tender to deliver nearly 1300 Interactive Flat Panels (IFPs) to accelerate the digital classroom project undertaken by the Brihanmumbai Municipal Corporation (BMC). The BMC recently unveiled a new program valued at INR 38-crore for the replacement of conventional blackboards in civic schools of Mumbai with interactive projectors.

Similarly, in September 2021, Optoma Corporation announced that it has successfully become the top brand in 4K and DLP UHD segments in India during the second quarter of 2021. The company aims to tap the education, ProAV, and home entertainment projector categories through new product launches in the near future. Thus, the rising number of new programs by government bodies and the increasing product launches by key companies are anticipated to bode well for the Asia Pacific market.

Market Competition

Some of the leading players present in the global interactive projector market are Hitachi Ltd., Techjet Inc., Christie Digital, Optoma Corporation, Panasonic Corporation, Dell Inc., Sony Corporation, NEC Corporation, Seiko Epson Corporation, and BenQ Corporation among others.

Majority of the key players are focusing on application specific requirements for increasing their market share among various end-use industries across the globe. The high demand for ultra-short throw projectors owing to their ability to reduce shadows and glares from the light source is expected to create new growth opportunities for many start-up and international companies in this market.

Report Scope

Report Attributes	Details
Growth Rate	CAGR of 10.4% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in US$ Million, Volume in Kilotons and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Projection Distance; Dimension; Display Type; Application; Resolution; Region
Regions Covered	North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	Hitachi Ltd.; Techjet Inc.; Christie Digital; Optoma Corporation; Panasonic Corporation; Dell Inc.; Sony Corporation; NEC Corporation; Seiko Epson Corporation; BenQ Corporation
Customization	Available Upon Request

Key Segments Profiled in the Interactive Projector Industry Survey

By Projection Distance:

• Standard Throw
• Ultra Short Throw
• Short Throw

By Dimension:

• 2D
• 3D

By Display Type:

• Liquid Color Display (LCD)
• Digital Light Processing (DLP)
• Liquid Crystal on Silicon (LCoS)

By Application:

• Education
• Healthcare
• Tourism and Hospitality
• Enterprises
• Media and Entertainment

By Resolution:

• HD
• Wide XGA
• Wide UXGA
• XGA

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Frequently Asked Questions

What will be the size of the global interactive projector market by 2032?

The global interactive projector market is projected to surpass US$ 6.9 Billion by 2032.

Which region is set to remain at the forefront in the interactive projector market in terms of share?

North America is set to remain at the forefront in the interactive projector market in terms of share.

Which are some of the key players in the global interactive projector market?

Hitachi Ltd., Techjet Inc., Christie Digital, Optoma Corporation, Panasonic Corporation, Dell Inc., Sony Corporation, and NEC Corporation are some of the key players in the global interactive projector market.