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Portable Projector Market - By Technology , By Product , By End Use , By Lumen , By Region and Segment Forecasts, 2024–2030.
Portable Projector Market Overview:
Portable Projector Market is estimated to reach $2.3 Billion by 2030, growing at a CAGR of 5.7% during the forecast period 2024-2030. Increasing popularity of home entertainment systems and demand for portable electronics options are major driver for this market. Portable Projectors are compact and lightweight projectors that can be easily transported and used in a variety of settings, making them an attractive option for busy individuals, travellers, and outdoor enthusiasts. They can be used for a wide range of applications, including home entertainment, business and education presentations, and outdoor activities. Rising disposable income and desire for more entertainment options are major market drivers which help the market grow forward. New research from the Consumer Technology Association (CTA)® projects U.S. technology retail revenues of $485 billion in 2023. This new data puts revenues slightly above pre-pandemic levels, following a three-year surge in consumer technology spending.
Market Snapshot:
Portable Projector Market - Report Coverage:
The “Portable Projector Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Portable Projector Market.
| Attribute | Segment |
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By Technology |
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By Product |
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By End Use |
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By Lumen |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
- The pandemic has driven an increased demand for accessories that provide entertainment or any entertainment-related electronics. With many people spending more time at home due to lockdowns and social distancing measures, there has been a significant increase in demand for home entertainment products, including portable projectors. According to a report by the end of 2023, consumer spending in these categories will amount to $152 billion, up 1.7% over 2022. Software and services make up nearly one-third (31%) of total U.S. consumer technology revenues.
- The ukraine crisis didn't have much impact on the portable projectors market. There were slight disturbances in the global supply chains and reduced sales in war affected areas.
Key Takeaways:
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North America owns the largest market share
According to portable projectors market research, North America region owned about 39% of the market share in 2023. Firstly, the region has a high level of technological advancements and adoption of moving lifestyle in various regions, which has led to the increased demand for portable projectors for various applications. Additionally, the region has a large population with high disposable incomes, which has created a lucrative market for high-end portable projectors.
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USB projectors are widely popular
USB projectors have a market valuation of almost $800 Million in 2023 and is expected to be the market leader in the upcoming years. USB projectors have gained popularity due to their ease of use and convenience. They eliminate the need for cables and external power sources, allowing users to connect and power the projector with just a USB cable connected to a compatible device. One example is the AAXA P300 pico projector, according to the manufacturer, the P300 has been widely adopted for use in business presentations, education, and personal entertainment due to its portability and easy USB connectivity.
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Increasing popularity of home entertainment systems
As more people had spent time at home due to the COVID-19 pandemic and the shift towards remote work and learning, there has been a corresponding increase in demand for high-quality home entertainment options. This has led to increased sales of portable projectors, as consumers seek out affordable and convenient options for home entertainment. In addition to the pandemic, other factors contributing to the popularity of home entertainment systems include the availability of streaming services, the affordability of high-quality home theatre equipment, and the increasing popularity of gaming.
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Availability of alternative options poses a challenge to market growth
Despite advancements in projection technology, there are still limitations in terms of image quality, brightness, and resolution that can impact the performance of portable projectors. The availability of alternative options can have a significant impact on the portable projector market. For example, traditional televisions and home theatre systems can offer a more stable and high-quality viewing experience than portable projectors. Smart speakers and soundbars can provide high-quality audio without the need for a separate projector and screen setup.
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Portable Projector Market. The top 10 companies in this industry are listed below:
- Epson (Epson PowerLite, Epson EX)
- Optoma (Optoma HD, Optoma GT, Optoma ML)
- LG Electronics (LG PH, LG PF, LG PW)
- Sony (Sony MP-CL1, Sony MP-CD1)
- ViewSonic (ViewSonic M1, ViewSonic PJD)
- AAXA Technologies (AAXA P300, AAXA P450)
- BenQ Corporation (BenQ GV, BenQ TH, BenQ HT)
- Canon Inc. (Canon Rayo S1)
- Casio Computer Co., Ltd.(Casio XJ)
- Anker Innovations Limited (Nebula Capsule, Nebula Mars)
Scope of the Report:
| Report Metric | Details |
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Base Year Considered |
2023 |
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Forecast Period |
2024–2030 |
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CAGR |
5.7% |
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Market Size in 2030 |
$2.3 Billion |
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Segments Covered |
Product , Technology, Lumen, End Use and Region |
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Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
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Key Market Players |
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The Portable Projector Market is projected to grow at 5.7% CAGR during the forecast period 2024-2030.
Global Portable Projector Market size is estimated to be $1.55 Billion in 2023 and is projected to reach $2.3 Billion by 2030
The leading players in the Portable Projector Market are Epson America, Inc. ,Optoma Technology, Inc. , LG Electronics Inc., Sony Corporation, ViewSonic CorporationInc and others.
Smart Projectors and LED display projectors are some of the major Portable Projector Market trends in the industry which will create growth opportunities for the market during the forecast period.
Increasing popularity of home entertainment systems and increasing popularity of convenient electronics in the market are the driving factors of the market.