About Luxury Projectors
A Luxury Projector is a device that reproduces images generated by a computer or Blu-ray player by projecting them onto a screen, wall, or other surface. Most of the time, the projected surface is large, flat, and softly coloured. The digital projection can be divided into three main segments based on the technology equipped, that is DLP or Digital Light Processing, LCD or liquid crystal displays, and LCoS OR liquid crystal on silicon and is a sort of DLP-LCD hybrid. Most of the high end projectors are equipped with DLP technology which employs a chip comprised of microscopic mirrors and a spinning color wheel to generate an image. The growing disposable income with people is leading them to spend more on high end electronics and other luxury products. This has significantly accelerated the growth of the luxury projectors market. Although the visible difference between many high end projectors and high end televisions may hinder the growth prospectus of the luxury projectors along with their high costs and maintenance requirements. North America and Asia Pacific are two primary markets of the luxury projectors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.8% |
Growing Disposable Income and increasing urbanization has pushed people towards more luxury end of the electronics market, thus significantly improving the prospectus of the luxury projectors market. Although fierce competition from the high-end television space is largely hindering the growth prospectus. Similarly, the large technicalities and the maintenance associated with projectors too hinders the market opportunities of the luxury projectors. North America and Asia Pacific region are the two prominent markets of the luxury projectors. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BenQ Corporation (Taiwan), Sony Group Corporation (Japan), Seiko Epson Corporation (Japan), Wolf Cinema (United States), Panasonic Corporation (Japan), Canon Inc. (Japan), JVC Kenwood Holdings Inc. (Japan), Samsung Electronics (South Korea), Ushio, Inc. (Japan) and Acer Inc. (Taiwan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are NEC (Japan), Optoma (Taiwan) and Delta Electronics, Inc. (Taiwan).
Segmentation Overview
AMA Research has segmented the market of Global Luxury Projectors market by , Application (Home Projector, Business Projector, Scientific Projector and Others) and Region.
On the basis of geography, the market of Luxury Projectors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. DLP will boost the Luxury Projectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online {E-Commerce Software} will boost the Luxury Projectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resolution, the sub-segment i.e. 4K Resolution will boost the Luxury Projectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
DLP Technology Equipped Projects are the Widely Popular
Market Growth Drivers:
Rising Disposable Income of People is leading to them demanding for Better Lifestyle, Advancement in the Projector Technology and Increasing Spending on Electronics
Challenges:
High Costs of Luxury Projectors as well as High Maintenance Limits the Growth of the Luxury Projectors
Restraints:
Most of the Projectors are not able to produce as Good Image as Television in 6k and 8K Resolution
Opportunities:
Gaming Projectors is a New Exciting Field which has Huge Potential to Grow
Market Leaders and their expansionary development strategies
In June 2023, Dolby Laboratories, Inc.announced an agreement to deliver Dolby’s spectacular experiences to more moviegoers across the globe. Cinépolis is committed to installing Dolby’s innovative, industry-leading cinema solutions on all refresh and newly built screens throughout their global circuit. This expanded Dolby and Cinépolis agreement highlights Cinépolis’ commitment to its patrons to bring them the best possible cinema experience available.
In May 2023, WZATCO, launched of the WZATCO Bliss 4K Ultra Short Throw Laser Projector. Designed to deliver an unparalleled home theater experience, this cutting-edge projector brings stunning visuals, vibrant colors, and immersive 3D capabilities to the comfort of your own living room.
Key Target Audience
Luxury Projectors Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.