Interactive Projector Market

Interactive Projector Market Overview

The global interactive projector market size is expected to exhibit growth at a CAGR of 10.4% and reach US$ 6.9 Billion in the forecast period from 2022 to 2032. It is anticipated to account for US$ 3.7 Billion in 2022. The relatively low cost of interactive projectors, as compared to interactive whiteboards is a significant factor that is anticipated to drive the demand for interactive projectors in the upcoming years.

An interactive projector is an institutional tool that provides the ability to interact with the projection. It offers smooth interactivity, multi-touch collaboration, real-time learning, and highly efficient user interaction features.

It helps in keeping everyone interested in classes and meetings in educational institutions and offices, respectively. One of the most crucial features of this projector is that it delivers everyone a chance to participate actively.

It enables students to gain hands-on learning experiences and some of the newly launched projectors allow them to absorb information quickly and easily. The sales of interactive projectors are anticipated to surge in the assessment period globally as more teachers are expected to create educational games, assign group projects, and conduct fun learning competitions in schools with the help of these products.

Rising concerns regarding the environment is another factor that is estimated to augur well for the global market. The extensive usage of interactive projectors in educational institutions has eliminated the need for papers to work on homework and class projects. Students can also go online and gain access to their notes through file sharing programs.

Which are Some Prominent Drivers Spearheading Interactive Projector Market Growth?

The increasing usage of interactive projectors, especially in the education domain is considered to be a major growth contributor in this market. Governments of many emerging economies are investing huge sums for the development and procurement of cutting-edge technologies for adoption in the education sector.

These projectors help in keeping students engaged and enhance their collaborative learning process. Several prominent companies are striving to develop novel products for students to deliver a better learning experience.

For instance, February 2022, Epson, a Japan-based electronics company, launched BrightLink Academy, its latest professional development courses aimed at educators to help teachers in creating engaging learning experiences for students. These courses were developed for usage in the company’s BrightLink interactive displays. They will enable teachers to improve learning outcomes and boost engagement among students through interactive learning. Similar other product launches are likely to accelerate the interactive projector market growth in the evaluation period.

What are the Challenges Faced by the Interactive Projector Industry?

Interactive projectors always require a stylus or pen for writing on the display image as these are incapable of responding to palm touch or fingertip touch. These are highly dependent on the input of other PCs, laptops, and tablets. These projectors often lead to high noise levels as they rely on fans to function.

These require regular maintenance and replacement, which may prove to be expensive, especially in schools and colleges that often try to include interactive technology in classrooms. The initial cost of display screens is high and this may obstruct the demand for interactive projectors in schools and colleges on a budget.

Why is North America Emerging as an Opportunistic Interactive Projector Market?

The sudden outbreak of the COVID-19 pandemic in December 2019 had resulted in the rapid adoption of e-learning technologies in the corporate and education sectors in developed countries, such as Canada and the U.S. The emergence of faster networking and advanced telecommunication technologies in these countries is set to boost the North America interactive projector market share in the forthcoming years.

Numerous dominant and new entrants operating in this region are increasingly focusing on the development of state-of-the-art products for not only the education sector, but also for the sports industry. In March 2022, for instance, Marc Catanese opened the new franchise of X-Golf, an indoor golf simulator course in Worcester. It has more than 100 golf courses and various interactive projectors that provide sounds of hawks and birds chirping. Spurred by the aforementioned factors, the North America market is expected to grow at a rapid pace.

Nikhil Kaitwade

Principal Consultant

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How is Asia Pacific Contributing to the Growth of the Interactive Projector Market?

The increasing government support to develop the education sector in emerging economies, such as Malaysia, Australia, India, and China is set to augment the demand for interactive projectors in Asia Pacific. In February 2022, ViewSonic India won a tender to deliver nearly 1300 Interactive Flat Panels (IFPs) to accelerate the digital classroom project undertaken by the Brihanmumbai Municipal Corporation (BMC). The BMC recently unveiled a new program valued at INR 38-crore for the replacement of conventional blackboards in civic schools of Mumbai with interactive projectors.

Similarly, in September 2021, Optoma Corporation announced that it has successfully become the top brand in 4K and DLP UHD segments in India during the second quarter of 2021. The company aims to tap the education, ProAV, and home entertainment projector categories through new product launches in the near future. Thus, the rising number of new programs by government bodies and the increasing product launches by key companies are anticipated to bode well for the Asia Pacific market.

Market Competition

Some of the leading players present in the global interactive projector market are Hitachi Ltd., Techjet Inc., Christie Digital, Optoma Corporation, Panasonic Corporation, Dell Inc., Sony Corporation, NEC Corporation, Seiko Epson Corporation, and BenQ Corporation among others.

Majority of the key players are focusing on application specific requirements for increasing their market share among various end-use industries across the globe. The high demand for ultra-short throw projectors owing to their ability to reduce shadows and glares from the light source is expected to create new growth opportunities for many start-up and international companies in this market.

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Report Scope

Key Segments Profiled in the Interactive Projector Industry Survey

By Projection Distance:

• Standard Throw
• Ultra Short Throw
• Short Throw

By Dimension:

• 2D
• 3D

By Display Type:

• Liquid Color Display (LCD)
• Digital Light Processing (DLP)
• Liquid Crystal on Silicon (LCoS)

By Application:

• Education
• Healthcare
• Tourism and Hospitality
• Enterprises
• Media and Entertainment

By Resolution:

• HD
• Wide XGA
• Wide UXGA
• XGA

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa