The projector screen market is estimated to be valued at US$ 4,331.38 million in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Projector screens are rigid or collapsible large screens used for displaying images from projectors. They come in various sizes ranging from 60 inches to over 200 inches diagonal depending on the purpose. Rear projection and front projection screens are commonly used for business presentations, education, cinema, and home theaters. Rear projection screens have diffusive material that spreads light evenly across the screen while maintaining optimal brightness. Front projection screens come in matte white or gray for ambient light control and gain screens that enhance brightness.
The increasing adoption of digital presentations in education and corporate sectors is a major driver for the projector screen market. With the ongoing digital transformation initiatives, schools and colleges are upgrading classrooms with advanced audio-visual equipment including interactive projectors and large screens. According to United Nations estimates, over 1.5 billion students and youth are affected due to school and university closures amid the pandemic. This has spurred greater investments in e-learning infrastructure involving virtual classrooms equipped with quality display solutions. Furthermore, shifting marketing trends towards digital and hybrid events is also fueling the demand for projection screens from industries for conferences, product launches and trade shows. However, availability of substitutes such as smart TVs and LED video walls pose a challenge for market growth to some extent.
The global projector screen market is dominated by front projector screens segment. This is because front projector screens offer economical and hassle-free installation and can be mounted anywhere desired, including ceiling, wall or floor. They provide bright, vibrant images when a projector is placed in front of the screen surface.
Political: Governments in various countries are investing heavily in development of digital infrastructure including classrooms, corporate offices, and other public spaces. This is positively impacting the demand for projector screens.
Economic: Rising disposable incomes and growth of commercial sector including retail, education and corporate is driving the installation of projector screens for media & advertisements as well as conferences & presentations.
Social: Increasing consumption of audio-visual content for entertainment and digitization of education is augmenting the sales of projector screens. They offer engaging experience for movie watching, gaming and distance learning.
Technological: Advancements in projector and screen technologies have enhanced display quality, reduced size and weight of products. Touch screen and ultra-short throw projectors are gaining popularity.
Global Projector Screen Market Demand is expected to witness high growth, exhibiting CAGR of 9.8% over the forecast period, due to increasing consumption of audio-visual content and digitization of education and corporate sector. North America dominated the market in 2023, accounting for over 30% share. This was attributed to widespread adoption of advanced AV systems in commercial buildings for presentations, conferences, and training sessions.
Asia Pacific is projected to witness fastest growth during the analysis period, driven by rising education infrastructure development and economic growth and increasing disposable incomes in major countries like China and India that is fueling adoption of projector screens for home theaters.
Key players operating in the projector screen market are ACCO Brands Corp.,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,Seiko Epson Corp.,Severtson Screens. These players are focusing on new product launches and expansion in growing markets to gain higher share.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it