Home Theatre Projector Market Scope
Home theatre projector is defined as the device which is mainly used to project rays of light, particularly an apparatus with a system of lenses for projecting film on to a screen. It offers Full HD that is 1080p resolution. It provides various features such as Internet apps, digital tuners, among others. Rising preference toward a theater such as a movie or gaming experience among consumers is propelling the growth of the market.
According to AMA, the Global Home Theatre Projector market is expected to see growth rate of 6.6% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Home Theatre Projector market throughout the predicted period.
3M (United States), Acer Inc. (China), Canon Inc. (Japan), Koninklijke Philips N.V. (Netherlands), LG Electronics Inc. (South Korea), Mitsubishi Electric Visual and Imaging Systems (United States), Panasonic Corporation (Japan), Samsung Electronics (South Korea), ViewSonic Corporation (United States) and Sony Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Xiaomi Corporation (China) and Skyworth (China).
Segmentation Overview
The study have segmented the market of Global Home Theatre Projector market by Type (Portable Projector, Overhead Projector, Ceiling Mounted Projector and Others), by Application (Business {Small & Medium Enterprises, Large Enterprises}, Institutes and Others) and Region with country level break-up.
On the basis of geography, the market of Home Theatre Projector 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).
Influencing Trend:
Rising Adoption 3D and 4D Content in Home Theatre Projector in future
Market Growth Drivers:
Growing Adoption of Home Theatre Projector in Emerging Applications and Significant Advantages of Home Theatre Projector Laser Projectors over Traditional Lamp Projectors
Challenges:
Stiff competition from the decreasing price of large-screen TVs and Problems regarding Operational Challenges for Low-End Models
Restraints:
A problem regarding Less-Effective Projection under Sunlight
Opportunities:
Rising Demand for High-Brightness Projectors in Home and Increasing Demand from Emerging Economics such as China, India, and other countries
Market Leaders and their Expansionary Development Strategies
In August 2018,Taiwanese electronics giant BenQ on introduced its new "X12000H" 4K ultra high definition (UHD) digital home cinema projector for Rs 5 lakh in India.The new device has been launched as a successor to the company's previous flagship "X12000" projector.
In July 2023,BenQ on Tuesday launched the W4000i 4LED 4K cinema projector designed for various at-home use. The projector features BenQ’s proprietary 100% DCI-P3 Cinematic Color and HDR-PRO technologies, for true 4K image quality with HDR colour accuracy.
Key Target Audience
Manufacturers of Home Theatre Projector, Suppliers of Home Theatre Projector, Wholesalers, Distributors and Retailers of Home Theatre Projector, Research and Development (R&D) Companies and Research Organization
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.