Projectors (Global Market)

Projectors (Russian market)

Main article: Projectors (Russian market)

2023

Global Picoprojector Market Growth to $6.81 Billion

In 2023, sales of pico-projectors on a global scale amounted to $6.81 billion. The demand for devices of this type is steadily growing, as stated in a study by Market Research Future, the results of which were published in mid-December 2024.

The main feature of pico projectors are compact sizes. Professionals and business users are increasingly using such products to conduct on-the-go presentations. Some pico-projector models are placed literally in your pocket, making them an ideal choice for users organizing meetings or demonstrations of projects/products outside of traditional office space.

One of the significant drivers of the industry is technological advances. Manufacturers are constantly improving the performance of pico projectors, increasing the resolution and image quality in general. Advanced connectivity enables seamless integration with multiple devices, making sharing and collaboration easier. In this case, a further reduction in dimensions and weight occurs. These improvements improve the usability of picoprojectors to meet the needs of today's working and educational environments. Of important importance is the ability to pair with smartphones and other mobile gadgets.

At the same time, analysts highlight a number of restraining factors. The limited brightness and lower resolution of pico-projectors compared to conventional counterparts can reduce their attractiveness when presentations are required in well-lit spaces or when large image formation is required. This can scare off potential users for whom picture quality is of paramount importance. In addition, complaints can cause limited battery life.

Depending on the application, the market is segmented into the consumer sector, business and education, healthcare, retail, etc. The first of these segments occupies the lion's share - 48.7% at the end of 2023. Business and education are in second place, and healthcare closes the top three. Among the significant market players named:

• Lenovo;
• LG;
• Microvision;
• Sony;
• Aaxa Technologies;
• Texas Instruments;
• ZTE;
• Philips;
• Cremotech;
• Global Aiptek Corporation.

From a regional point of view, North America leads, while the Asia-Pacific region is showing the highest growth rates. By type, pico projectors are divided into built-in and autonomous. The products of the first group dominate: these projectors are directly integrated into smartphones, cameras, laptops and other portable devices, providing users with additional convenience when displaying photo and video materials, presentations and other content. Autonomous projectors, on the other hand, offer versatility, allowing users to connect them to various external signal sources. Compatibility with laptops and desktops makes these projectors a valuable tool for professionals who need a portable projection solution in an office environment. Various connection options also stand out - via USB, HDMI, etc.

At the end of 2024, revenue in the pico-projector segment is estimated at $7.13 billion. Market Research Future analysts believe that in the future, the CAGR will be 4.19%. As a result, costs globally could increase to $9.91 billion by 2032.^[1]

DLP projector sales growth to $5.66 billion

At the end of 2023, sales of DLP (Digital Light Processing) projectors on a global scale reached $5.66 billion. The market is showing positive dynamics, which is facilitated by the growing adoption of such devices in the segment of home entertainment systems, in the field of education and in the commercial sector. Industry trends are addressed in the Market Research Future survey published in mid-December 2024.

It is noted that the COVID-19 pandemic negatively affected the projector market, provoking a significant decrease in demand. Due to quarantine and restrictions, educational institutions and companies around the world have switched to remote activities. As a result, the need for presentations decreased, which, in turn, led to a decrease in sales of projection devices. In addition, many events were canceled at which such equipment is in demand. Disruptions in supply chains and manufacturing processes due to labor shortages, as well as logistical problems, have exacerbated the situation.

The industry began to recover after the lifting of severe restrictions imposed in the context of the spread of the coronavirus. Projectors are popular in corporate environments, which is explained by the ability to create clear, large images in various lighting conditions. In addition, these devices are cost effective due to durability and lower maintenance costs compared to other imaging technologies. DLP projectors are increasingly used as part of home theaters, replacing traditional screens.

Another driver of the market is technological advances. Manufacturers are constantly working to improve key features, including brightness, contrast, color accuracy and resolution. Demand is also being stimulated by the ongoing digital transformation in various areas. Among the significant players in the market in question are:

• Panasonic;
• Samsung;
• NEC Display Solutions;
• Optoma;
• Mitsubishi Electric;
• Sharp;
• Christie;
• Epson;
• Barco;
• BenQ;
• ViewSonic;
• Sony;
• LG Electronics;
• InFocus;
• Acer.

In terms of supported resolution, the authors of the study distinguish several key segments: XGA (1024 × 768 pixels), Full HD (1920 × 1080 pixels), WUXGA (1920 × 1200 pixels), 4K (3840 × 2160 pixels) and others. It is noted that 4K models dominate the market, offering high image quality. The demand for such devices is due to the growing popularity of home entertainment systems and the expansion of the range of 4K materials. WUXGA projectors are gaining traction in the commercial sector, especially in education and corporate environments. Full HD models remain popular in smaller offices, offering a balance between cost and performance.

Geographically, North America led the way in 2023, where many large producers are concentrated. This is followed by Asia-Pacific and Europe. The key applications of DLP projectors are: home entertainment and cinemas, business sector, healthcare, retail, education, government agencies, etc.

At the end of 2024, revenue in the market under consideration is estimated at $5.85 billion. Market Research Future analysts believe that in the future, the CAGR will be 7.75%. As a result, by 2032, costs on a global scale could increase to $9.46 billion.^[2]

Sales of laser projectors in the world for the year reached $6.55 billion

In 2023, sales of laser projectors on a global scale reached $6.55 billion. Demand for such equipment is increasing in commercial, military, medical and other sectors. Industry trends are addressed in the Market Research Future survey, unveiled in early November 2024.

It is noted that consumers in many cases prefer laser devices to other types of projection equipment due to advantages such as high brightness, saturated colors and long service life. In addition, laser projectors are capable of forming a high-quality image of large size under various conditions. Devices of this type are in demand in many areas, including education, entrepreneurship, retail, healthcare, automotive, etc.

Laser projectors are rapidly gaining popularity in the home entertainment segment. These devices do an excellent job of forming a high-definition image, offering a cinematic experience at home. With a growing number of households looking to recreate the cinema atmosphere, the laser projector market is expanding rapidly. Interactive functions and 3D projection capabilities are gaining more and more popularity.

In terms of supported resolution, the industry is divided into the categories XGA (1024 × 768 pixels), WXGA (1280 × 800 pixels), Full HD (1920 × 1080 pixels), 4K (4096 × 2160 pixels) and others. In 2023, laser projectors of the 4K format brought the largest revenue. Geographically, Asia Pacific is leading the way, with widespread adoption of laser devices in public spaces such as stadiums and amusement parks. In North America, the dominant position is occupied by the United States with a share of approximately 71.4% at the end of 2023: this leadership is due to the high demand for laser equipment in the entertainment, corporate and educational sectors. Established film and live event industries, coupled with growing demand for high-quality visuals in games and home theaters, are fueling the expansion of the industry. Europe has also seen a significant increase in demand for laser projectors.

The key players in the global market are:

• Sony;
• LG;
• Ricoh;
• Canon;
• Panasonic;
• Seiko Epson;
• Optoma;
• Barco;
• Dell;
• NEC Display Solutions;
• BenQ;
• Christie Digital Systems USA;
• Delta Electronics;
• Xiaomi;
• Hitachi Digital Media Group.

The laser projector industry faces stiff competition from alternative projection technologies such as LED devices. Although laser projectors have clear advantages, including improved color accuracy and longer service life, consumers still often choose alternatives that meet their basic projection needs and are cheaper. This competition can lead to price wars and pressure on manufacturers, which will complicate the dynamics of the industry as a whole.

At the end of 2024, revenue in the global laser projector market is estimated at $7.81 billion. Market Research Future analysts believe that in the future, the CAGR will be 16.63%. As a result, by 2032, costs on a global scale could increase to $26.72 billion. As manufacturers actively invest in research and development, improving the quality and empowering of laser projectors, the demand for these devices will continue to increase.^[3]

The global 3D projector market grew by 6% to $8? 98 billion

In 2023, the volume of the global 3D projector market is estimated at $8.98 billion against $8.48 billion in 2022. Thus, growth was recorded at 6%. In the future, positive dynamics will continue. This is stated in the Market Research Future review, published in mid-October 2024.

Analysts highlight several key factors contributing to sales growth. The proliferation of high-definition and ultra-high-definition content requires the use of modern equipment, which stimulates the adoption of 3D projectors in many sectors, including entertainment, education and business. There is significant demand for high-end home theater solutions based on projection technology. The expansion of the sector is also facilitated by the emergence of virtual reality (VR) applications.

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Фото: Freepik

Various technological advances, including the development of brighter and more energy efficient models, further contribute to the spread of 3D projectors. Content creators are producing more 3D content, increasing the need for compatible projection systems.

The rapid growth of the home entertainment market contributes significantly to the expansion of the 3D projector segment. As consumers look for the best viewing experience without leaving their homes, the demand for projection solutions is increasing, the study said.

Using digital light processing and imaging technology, projectors are divided into three types - DLP, LCD and LCoS. The DLP segment in 2023 is valued at $3.95 billion: such devices are very popular due to the accuracy of color reproduction and the ability to create high-definition images, which makes them an excellent option for both home cinemas and corporate environments. LCD models accounted for $2.8 billion in total sales. Another $2.23 billion was brought by LCoS projectors, which provide high image quality, contrast and color accuracy.

The key players in the industry in question are, Optoma,, ViewSonic,, Sony, LG Dell BenQ Christie Digital Systems,, Barco Vivitek,,,,, and. Geographically, Hitachi Samsung Acer Epson Panasonic NEC Display Solutions the leader is North America driven by technological advances and early adoption of 3D projection systems, while the Asia-Pacific region has seen the fastest growth due to the booming entertainment and gaming industries.

In terms of resolution in the global 3D projector market, Full HD (1920 × 1080 pixels) models are in demand, which are popular both in the home entertainment sector and in the field of business presentations. HD devices (1280 × 720 locations) also show sales growth as budget options continue to attract consumers with limited financial capabilities. However, 4K projectors (3840 × 2160 pixels) increase their share thanks to excellent image detail - especially in areas where high image quality is critical. 8K products (7680 × 4320 points) as of the end of 2023 have a relatively small share.

Market Research Future analysts believe that in the future, the CAGR in the market under consideration will be 5.87%. Thus, by 2032, costs on a global scale, according to the estimates presented, could reach $15 billion. In general, as noted, the 3D projector industry is in a phase of significant growth.^[4]

2021: 3D Projectors Market Valued at $3.55 Billion

The global market for projectors capable of displaying 3D images in 2021 amounted to $3.55 billion. This was announced at the end of December 2021 by analysts at ResearchAndMarkets.

They did not specify the dynamics of sales of 3D projectors compared to 2020, but noted that the market is on the rise, and growth will continue in subsequent years.

According to the researchers, the 3D projector market is growing due to several factors, namely:

• the increasing use of such equipment in cinema halls and homes;
• the popularity of 3D projectors in museums, exhibitions and various public events;
• digitalization of educational and other sectors;
• development of technologies in the field of three-dimensional picture projection (primarily related to image quality, network capabilities);
• trends in the transition to laser projectors;
• gaming industry: Gamers are increasingly using 3D projectors in games as they provide a presence effect and a more realistic picture.

3D Projector Market Valued at $3.55 Billion

As for the barriers that hinder the development of the market, experts include technical shortcomings in the use of metal halide lamps and DLP technology. Another problem is the high cost of equipment and its repair. In addition, LED screens compete with projectors.

The dominant technology in the 3D projector market by 2021 is DLP, the report said. Depending on the light source in projectors (metal halide lamps, LEDs, hybrid solutions, laser), laser devices are the largest sellers.

A laser-phosphor source and an RGB laser are used in such devices. Some advantages of laser projectors include low or no replacement or maintenance costs; higher constant brightness with an average laser source life of 20,000 hours; Precision accuracy and color stability greater energy efficiency. Sony, BenQ, Barco and NEC are among the few companies to offer 3D laser projectors.

In terms of applications of 3D projectors, cinemas are leading, and the Asia-Pacific market is the most popular among geographical regions. Despite the emergence of an increasing number of projectors capable of displaying images with 4K resolution, in 2021, models with Full HD support led in terms of sales.

Among the largest manufacturers of 3D projectors in 2021: Sony, Epson, Barco, etc.

The largest manufacturers of 3D projectors by 2021 are (the shares of vendors are not indicated):

• Sony;
• Epson;
• Optoma;
• Barco;
• Vivitek Corporation;
• Benq (Qisda Corporation);
• Christie Digital (Ushio);
• Jvckenwood ( JVC );
• NEC Display Solutions;
• Panasonic;
• Viewsonic;
• Hitachi Digital Media Group.

The study explains that 3D projects are able to reproduce volumetric content when an illusion of a third dimension (depth) is created on a regular flat screen. Such a video is recorded in a special format, in which the visible image is divided into two parts - for the left and right eyes - and viewed through special glasses, which most often need to be bought separately. 3D content provides the effect of presence and a feeling of immersion in what is happening. At the same time, such an image puts forward increased requirements for the quality of the screen (glasses often darken the visible image), and with some visual disorders, normal viewing of a volumetric picture is impossible, analysts warn.

According to forecasts of ResearchAndMarkets, in the period from 2021 to 2027, the volume of the global market for projectors with support for 3D content will grow by about 6.85% per year and will reach $5.27 billion by the end of this period of time.^[5]

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