New York, United States , June 28, 2024 (GLOBE NEWSWIRE) -- The Global Projector Screen Market Size is to Grow from USD 44.35 Billion in 2023 to USD 55.67 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 2.30% during the projected period.
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Projector screens are specialized surfaces for projecting and displaying multimedia material. They are crucial components in a variety of situations, including educational institutions, corporate conference rooms, home theatres, and outdoor amusement areas. A projector screen's basic work is to improve the visual quality of the projected image by ensuring it is crisp, clear, and appropriately colored, hence enhancing the watching experience for the audience. Large displays are typically used for conferences and meetings in corporate settings. When consumers go from seeing movies, events, shows, and other material on small displays to larger ones, the entertainment industry is changing in conjunction with technology. The affordability of large transportable projector screens and projectors has led to a rise in the popularity of portable devices. Additionally, one of the primary drivers propelling the projector screen market's expansion is the expanding education sector. Projector screens are in more demand as e-learning and digital classrooms become more commonplace to facilitate productive learning environments. In a similar vein, the need for better projector displays has increased due to the business sector's rising reliance on visual presentations for conferences, training sessions, and meetings. The entertainment industry, with movie theaters and home theaters in particular, is crucial as consumers look for improved viewing experiences. One of the main factors propelling the projector screen market is the growing education sector.
Browse key industry insights spread across 208 pages with 110 Market data tables and figures & charts from the report on the "Global Projector Screen Market Size, Share, and COVID-19 Impact Analysis, By Type (Ceiling Recessed, Wall & Ceiling, Portable, Floor Rising, Fixed Frame, and Others), By Application (Personal and Professional), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The portable segment is anticipated to grow at the fastest CAGR in the global projector screen market during the predicted timeframe.
Based on the type, the global projector screen market is divided into ceiling recessed, wall & ceiling, portable, floor rising, fixed frame, and others. Among these, the portable segment is anticipated to grow at the fastest CAGR in the global projector screen market during the predicted timeframe. This screen is easily movable by the user to different locations as needed.
The professional segment is anticipated to hold a significant market share in the global projector screen market during the predicted timeframe.
Based on the application, the global projector screen market is divided into personal and professional. Among these, the professional segment is anticipated to hold a significant market share in the global projector screen market during the predicted timeframe. Projector screens are needed for an increasing number of corporate seminars, meetings, and business conferences that come with the rise in startups.
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Asia Pacific is anticipated to dominate the global projector screen market over the predicted timeframe
Asia Pacific is anticipated to dominate the global projector screen market over the predicted timeframe. The region is renowned for its technological advancements and is the largest continent in the globe. Rapid technical improvement, legal support, and corporate digitalization are some of the main factors assisting the APAC economies' shift from emerging to developed status. Consequently, the growth of SMEs (small and medium-sized enterprises) in the Asia Pacific projector screen market is supported by these factors. due to the rapidly growing economies of China and India, the extensive use of digital education techniques, and the thriving entertainment sector. Due to the presence of multiple large manufacturers, the region benefits from competitive pricing and advancements in projector screen technology.
Europe is predicted to grow at the fastest pace in the global projector screen market during the projected timeframe. The developed countries in the region are renowned for placing a high value on implementing and utilizing cutting-edge technologies. In Europe's educational system, greater contact is driving up demand for projection displays. Projector integration is being considered by the education sector as a means of offering dynamic and captivating learning experiences. It follows that a rise in the need for projector screens is anticipated. The European Commission (EC) has taken further steps to modernize education and training in addition to funding creative research aimed at enhancing the use of digital technologies for learning. Europe's projector screen market is expanding slowly, with Western European nations exhibiting higher adoption rates due to the region's high concentration of business and educational institutions, both of which demand top-notch AV (audio-visual) solutions.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Projector Screen Market are 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 SA, Pioneer Audio Visual Equipment, Pyle USA Sound Around Inc., Remaco Technologies Pte Ltd., Screen Innovations, and other key vendors.
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Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In March 2024, the innovative company Elite Screens, Inc., which produces high-quality projection screens for integrators and retailers, has announced the launch of its newest product, the ezCinema Tab-Tension CineGrey 4D projector screen.
- In August 2022, A global leader in visualization technology, Barco revealed that the F70-4K6 projector is part of the Collins Aerospace visual display technology for the USAF Combined Simulation Environment (JSE) project.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global projector screen market based on the below-mentioned segments:
Global Projector Screen Market, By Type
- Ceiling Recessed
- Wall & Ceiling
- Portable
- Floor Rising
- Fixed Frame
- Others
Global Projector Screen Market, By Application
- Personal
- Professional
Global Neurorehabilitation Devices Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
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