The visualiser market revenue by the end of 2021 was USD 385.6 Million. The visualiser market is expected to reach USD 954 Million by 2032, as it is estimated to grow at a CAGR of 8.7% for 2022 to 2032.
| Attributes | Details |
|---|---|
| Estimated Year (2022) Market Value | USD 413 Million |
| Projected Year (2032) Market Value | USD 954 Million |
| CAGR% (2022 to 2032) | 8.7% |
| Top 5 Vendor Market Share | Around 36% |
Visualisers are electrical devices that deal with real-time images and documents and show them to a broad audience. They can magnify and project images of objects by attaching a projector or monitor to them, these objects could include photographs, pages, graphs etc. They are also known as document cameras. The visualiser market accounts for nearly 5% of the total global projector market.
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The visualiser market is estimated to grow at a CAGR of 8.7% for the forecast period.
Government and corporate sector initiatives that increase demand for digitised material for classroom environments and company solutions such as improving conference room standards with sophisticated digital solutions are driving this market. The increased implementation of this technology in many sectors throughout the world will result in the rise of the visualiser market.
The global expansion of internet connectivity, as well as many technical breakthroughs including 5G, cloud services, and the Internet of Things (IoT), are driving demand for this technology. Because of their simplicity of use and capacity to improve to better presentations, visualisers have grown in popularity in educational and corporate settings.
The digital revolution of the educational industry throughout the world, from interactive whiteboards to visualisers, is fast incorporating new technologies to make instruction more effective and enjoyable.
It is being used by the medical and healthcare industries to improve knowledge and in-depth study of diseases for better outcomes.
North America was the region estimated to hold the largest market share in 2021 of 34.4% in 2021, and South Asia and the Pacific are estimated to be the fastest-growing regions for the Visualiser market, with a CAGR of 8.9% for the forecast period.
In North America, with the increased integration of current technologies in educational institutions and commercial businesses, the existence of key market participants, and the continuing progress of visualiser technology and this regions respective governments spend billions of dollars to improve both educational infrastructure and educational quality. According to the United States Census Bureau, the country spent a whopping USD 752.3 Billion in 2018 on its 48 million public school students.
In South Asia and the Pacific, rapid development is attributed to the rise in the technological application and use of animation and graphics solutions in different end-user sectors such as media, real estate, healthcare, and entertainment throughout South Asia and the Pacific.
The USA is one of the countries that adopts new technology quickly for better results in the future. Every year, many students move to the United States to get a good education. Educational institutions in this country are increasingly applying modern teaching equipment to create favourable conditions for teaching and attract more and more students.
Likewise, the growing trend of online remote working is supported by the increasing adoption of visualization tools by business enterprises for better presentation at conferences and training sessions.
The UK is in great demand for modern educational environments. These countries have become attractive destinations for educational tourism due to the highly developed education sector.
The presence of other established industries such as the pharmaceutical industry and construction sector, the growing awareness of the public, and increasing spending on modern technology are some of the key factors driving the growth of the market.
Due to these reasons, the UK is estimated to be a fast-growing market for visualiser, with a CAGR of 6.9% for the forecasted period.
China's government and private sectors are taking decisions to develop the education system by adopting new technology and providing a better platform for e-learning. Apart from this, many companies start manufacturing their products by visualising them on a monitor for a better result, which encourages them to adopt this technology for better presentation and building a competitive environment.
For these reason China is estimated to grow at a CAGR of 6.4% for the forecast period.
The portable visualiser is used for a long-term and is multi-functional. In the construction and architectural sectors, where large-scale development requires out-of-field tools for visualising the projects, this has led the portable visualiser market to grow rapidly.
Due to this factor, portable visualisers were estimated to have a larger market share of 54.5% in 2021.
The wired visualiser in the connection type offers high-quality video and image streaming, which wireless visualiser devices may struggle with. Furthermore, the wired visualiser device's lower price than the wireless one is a good reason for its larger market share.
Due to this factor, wired visualiser were estimated to have a larger market share of 59.8% in 2021.
This market is expected to grow due to the rapid pace of digitization and the development of new technologies in the educational system. In addition, COVID-19 has led to an increase in the trend of online education or online learning and has driven the demand for devices that support online education.
Due to these factors, Education Sectors are estimated to have the highest CAGR over the forecast period of 9.1%.
Global players of the visualiser market specialize in offering projector and display solutions. These companies are investing in the development of visualiser technology.
| Attribute | Details |
|---|---|
| Market value in 2021 | USD 385.6 Million |
| Market CAGR 2022 to 2032 | 8.7% |
| Share of top 5 players | Around 36% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia Pacific; East Asia and the Middle East Africa |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia New Zealand, GCC Countries, Turkey and South Africa |
| Key Segments Covered | Product Type, Connection Type, End User and Region |
| Key Companies Profiled | ELMO Europe GmbH; Genee World Ltd.; IPEVO Inc.; WolfVision GmbH; Optoma Europe Ltd.; Kony Inc.; Hayamim Ava Sdn. Bhd.; Samsung; AVer Information; Seiko Epson; Hong Kong Codis Electronic Co.; Edu Assessment Pvt. Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization Pricing | Available upon Request |
Some leading of the Visualiser are WolfVision GmbH, Kony Inc., IPEVO Inc., Hayamim Ava Sdn. Bhd and Samsung Group.
North America is estimated to have the highest growth for the Visualiser market during the forecast period of 6.7%.
Growing demand for comprehensive visualiser for architecture planning and sophisticated presentation platforms are the key factors driving market growth.
Portable product had the largest market share for the visualiser market of 54.5% in 2021.
Wireless connection type has the highest CAGR of 9.5% for the forecast period.
UK, USA, Germany, Canada and China.
The market share of South Asia and Pacific for the year 2021 for the Visualiser market was 12.3%.
A: North America had a market share of 34.4% in 2021 for visualiser market.
UK has the highest CAGR for the forecast period, which is 6.8%.
The estimated market value for visualiser market for the year 2023 is USD 443.5 Million.
For East Asia region, the CAGR for the forecast period is estimated to be 8.5% for the visualiser market.
Visualiser Market
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