3D Projector Market Analysis, Share, Growth & Forecast [2030]

Report Description

The global 3D projector market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rising use of 3D technology in sectors, such as cinema, business presentation, education, and event management.

A 3D projector is used to make videos and images, which seems real by mapping 3 dimensional data on to a 2 dimensional surface and forming an illusion of depth. Thus, it enables viewers to dense depth of the video or image on surfaces, including screens or walls. Sensing depth ability helps audience experience a simulation of the experience in real-time. 3D glasses are commonly used for visualizing these videos or images. Two closely identical images are projected onto the screen all together to construct this simulation of depth. 3D projectors collect and project a diverse data stream type in a diversity of arrangements. This projectors have several benefits, including customized screen size, better and comfortable light reflection for eyes, and portable & compact device.

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The COVID-19 pandemic outbreak had negative impact on the market. During the pandemic, lockdown imposed by government bodies across many regions, resulted in disruption of global supply chain, limited availability of workforce, and halted operations of manufacturing plants. Additionally, amidst the pandemic corporate offices, education sector, and event business were not operational, which affected the demand of 3D projectors. The market is expected to recover soon with an uptrend operation due to gradually decline in COVID cases across the globe.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing adoption of 3D projector devices in cinema halls and education sector for digitalization is one of the key factors driving the market growth.
• Rising availability of advanced 3D projector solutions with connectivity features and improved image quality is projected to boost the market during the forecast period.
• High initial cost of installation and replacement cost of bulb acts as a major challenge that can restrict the market growth in the coming years.
• Growing concern about technical issues associated with dynamic light processing and use of metal halide light source is expected to hamper the market growth during the projected timeline.
• Surging use of 3D projector in gaming sector with improved features is anticipated to create significant growth opportunities for the market.

Scope of 3D Projector Market Report

The report on the global 3D projector market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

3D Projector Market Segment Insights

Laser segment to grow at high CAGR

On the basis of light sources, the global 3D projector market is segregated into lamps, laser, LED, and others. The laser segment is estimated to grow at high CAGR during the forecast period owing to low maintenance cost, longer life cycle, and better accuracy. On the other hand, the LED segment is anticipated to register significant growth during the projected period attributed to the rising use of this light source in corporate and event management sector.

Digital light processing segment to expand at robust growth rate

In terms of technology types, the market is fragmented into liquid-crystal-on-silicon, digital light processing, and liquid crystal display. The digital light processing segment is anticipated to expand at robust growth rate during the forecast period attributed to this devices are smaller and lighter. Furthermore, this technology is associated with technical advantages, including high contrast ratio, colorful, improved, and clear image projection. However, the liquid crystal display segment is projected to expand a considerable CAGR during the forecast period owing to the benefits offered by it, such as less power consumption, lower noise, and decreased heat generation.

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4,000 to 9,999 lumens segment to register a significant growth

On the basis of brightness, the global 3D projector market is segmented into less than 2,000 lumens, 2,000 to 3,999 lumens, 4,000 to 9,999 lumens, and 10,000 & above lumens. The 4,000 to 9,999 lumens segment is projected to register a significant growth during the projected period owing to the growing demand for long-range visibility and clarity of the projection from the hospitality, corporate, and IT sectors. On the other hand, the 2,000 to 3,999 lumens segment is anticipated to expand at a substantial growth rate in the coming years attributed to the rising implementation of this devices in education and business sectors for projection in training rooms, conference rooms, and classrooms.

3D cinema screens drives the cinema segment

Based on applications, the market is divided into events & large venue, corporate, cinema, home theater & gaming, education, and others. The manufacturing segment is projected to expand at robust growth rate during the forecast period due to the surging number of 3D cinema screens across the globe. Moreover, advancements in technology led to the development of more efficient products with clearer picture quality and higher brightness with low maintenance cost is driving the segment growth further. However, the corporate segment is anticipated to expand at a substantial CAGR during the forecast period owing to increasing demand of 3D projector from corporate sector for data presentation in business meetings.

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Asia Pacific to constitute a key market share

In terms of region, the global 3D projector market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the projected period owing to the rising digitalization in education sector flourishing film industry, and inclination of audience towards 3D movies in the region. However, the market of North America is anticipated to grow at a rapid pace during the forecast period due to the rising use of 3D projector devices for data presentation and presence of key global market players in the region.

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