3D Projector Market Analysis Report By Technology Type, By Brightness, By Light Source, By Application, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global 3D projector market size was accounted for USD 3.09 billion in 2018. It is projected to witness a CAGR of 5.4% CAGR over the forecasted years, 2019 to 2025. The shifting trend towards 3D technology over conventional ones across theaters, educational and corporate sectors is driving the demand for 3D projectors across the globe.

3D projectors are majorly used for mapping 3-Dimensional data on a 2-dimensional surface that can help in the creation of depth illusion for making videos and images appear real. Moreover, the rising availability of technologically advanced 3D projectors with good connectivity features and enhanced image quality is projected to fuel up the market growth.

The adoption of 3D projectors across the educational sector and cinema halls is gaining popularity. Also, the rising preference for 3-D movies among the millennial population is surging continuously due to the experience of realistic views. Further, concepts like interactive learning and the usage of digital media for achieving a good learning experience are anticipated to drive the market growth for 3D projectors.

The demand for 3-D projectors is also expected to boost on account of the growth of the gaming industry. This can be attributed to their feature of providing customized specifications based on gaming requirements. For example, BenQ HT2150ST launched by BenQ Corporation allows customized modes like bright details and dark shadows for the experience of realistic viewing.

Technology Type Insights

The global 3D projector market can be classified into LCD (Liquid Crystal Display), LCoS (Liquid Crystal on Silicon), and DLP (Display Light Processing) based on technology type. The segment of DLP accounted for a share of around 45% across the global market in 2018.

The LCD segment is projected to register the highest growth over the forecasted period. This can be attributed to features like light-efficient and sharper images. Moreover, features like less power consumption and heat generation are projected to drive the market growth for this segment in the upcoming years.

Brightness Insights

The brightness segment of 4,000 to 9,999 lumen is projected to register the highest growth from 2019 to 2025. This can be associated with their features like improved projection clarity and long-range visibility. Projectors having such a range are widely being used across large venues due to their better clarity and visibility from longer distances.

The segment of 2,000 to 3,999 lumen dominated the global market in 2018. These projectors are largely used in the education and business sectors for applications across classrooms, training rooms, and conference rooms. Moreover, the usage of devices having such brightness in simulations and simulators is gaining traction across the globe.

Light Source Insights

The global 3D projectors market can be classified into LED, lamps, laser, and others based on the light source. The segment of the laser is projected to witness the highest growth in the upcoming years. This can be attributed to its benefits like improved accuracy and enhanced lifecycle as compared to other segments. Also, low maintenance cost makes them useful in applications across boardrooms, classrooms, and museums.

The LED segment is projected to hold substantial growth in the upcoming years. This can be associated with its benefits like enhanced life span and more efficiency. Also, their features like improved image quality and more brightness make them useful for applications across event management and the corporate sector.

Application Insights

In 2018, the application segment of cinema dominated the global market with a share of around 25.0% across the globe. This can be attributed to the rapid technological advancements being carried out for developing pictures with enhanced features like clearer pictures and higher brightness.

In 2018, the segment of the corporate also held a substantial share across the global market. It is also projected to witness the highest CAGR during the forecasted years, 2019 to 2025. This can be associated with the rising adoption of such products across many offices and organizations for better visibility in presentations. Moreover, technological developments across light and lumen sources are projected to drive the market demand for 3D projectors in the upcoming years.

Regional Insights

The Asia Pacific held the largest share across the global market, in 2018. It is also projected to continue its dominance over the forecasted period, 2018 to 2025. This can be associated with the rapid growth of the film industry coupled with the shifting inclination towards 3D movies prevailing among Chinese audiences. Moreover, the emergence of digitalization across the education sector is projected to boost the demand for 3D projectors.

North America and Europe are also projected to register considerable growth across the global market in the upcoming years. This can be associated with the rising usage of 3D projectors for the representation of data across a majority of organizations located across this region.

COVID-19 Impact Insights

The market for 3D projectors has been affected on account of the ongoing COVID-19 pandemic. This can be associated with the work-from-home policies being implemented by several organizations. Also, as these projectors belong to the non-essential category of products, their demand is projected to hamper on account of factors like a disturbance in the supply chain, increased costs of raw materials, and closing of shopping malls and theaters.

However, rising preference over online learning, remote working, and home theater is projected to drive the growth for 3D projectors over the post-pandemic period. Also, rapid technological advances for improving clarity are expected to drive the demand for 3D projectors.

3D Projector Market Share Insights

The key players in the market are Optoma Corporation, Acer Inc., Delta Electronics, Inc., Panasonic Corporation, Sony Corporation, Panasonic Corporation, Hitachi Digital Media Group, and NEC Display Solutions. These players are constantly focusing on product development and innovation to gain a competitive advantage over other players.

They have also started investing heavily to carry out R&D activities for widening their global reach. For example, in 2018, the Optoma Corporation has launched UHD51, a 4K home projector that has 3D compatibility. It also eliminates motion judder and blur, thus can play fast-paced action films or high-paced sports.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2015 to 2025 in each of the sub-segments. For the purpose of this study, Million Insights has segmented the global 3D projector market on the basis of technology type, brightness, light source, application, and region:

• Technology Type Outlook (Revenue, USD Million, 2015 - 2025)
    • DLP
    • LCD
    • LCoS

• Brightness Outlook (Revenue, USD Million, 2015 - 2025)
    • Less Than 2,000 Lumens
    • 2,000 to 3,999 Lumens
    • 4,000 to 9,999 Lumens
    • 10,000 & Above Lumens

• Light Source Outlook (Revenue, USD Million, 2015 - 2025)
    • Laser
    • LED
    • Lamps
    • Others

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Cinema
    • Education
    • Corporate
    • Home Theater and Gaming
    • Event and Large Venues
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
        • Russia
    • The Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa