DLP Projector Market Worth USD 5.52 Billion USD by 2020
PUNE, India, December 16, 2015 /PRNewswire/ --
According to a new market research report "DLP Projector Market by Light Source (Lamp, LED, and Laser), Chip Model, by Brightness, Throw Distance (Normal Throw, Short Throw, and Ultra-short Throw), Application, and by Geography (The Americas, Europe, APAC, and RoW) - Global Forecast to 2020", published by MarketsandMarkets, the global market is estimated to reach USD 5.52 Billion by 2020, at a CAGR of 6.3% from 2015 to 2020.
Browse 69 market data Tables with 94 Figures spread through 220 Pages and in-depth TOC on "DLP Projector Market".
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In current scenario, DLP technology is the leading projection technology and is being used in most digital screens as well as other applications. DLP projectors operate fast and provide extremely high-contrast pictures. Moreover, DLP projectors are generally smaller and lighter than other types of projectors. Innovative product designs such as ultra-short throw projectors have successfully addressed the challenge of projections in small space, and this market is expected to gain traction in the next five years.
The increasing number of digital screens in film industry would drive the DLP projector market
One of the major factors driving the DLP projector market is the conversion of analog screens to digital screens in the film industry, especially in APAC. In the current scenario, DLP projectors are used in the film industry because of the increase in the number of 3D films and their cost-saving benefits over traditional projectors. Companies such as Barco N.V. (Belgium), Christie Digital Systems, Inc. (U.S.), and NEC Corp. (Japan) are some of the major manufacturers of DLP projectors for the film industry.
One-chip DLP projectors to play a key role in the DLP projector market
The one-chip DLP projector segment is expected to hold the largest market share and is likely to continue to dominate the DLP projector market during the forecast period owing to the growing demand for one-chip DLP projectors in key applications. Moreover, the three-chip DLP projectors segment is also expected to play a key role in changing the DLP projector landscape and is expected to grow at a significant rate during the forecast period as the adoption of digital screens in film industry continues to grow, especially in the APAC region.
Business application held largest market share
The business application is expected to hold the largest share of the DLP projector market, while the education and government segment is expected to grow at a significant between 2015 and 2020 in the DLP projector market. There is an increasing demand for feature-rich DLP projectors such as higher brightness, interactive, ultra-short and short throw, and portability in these key applications. The market is also projected to witness growth in the home entertainment & cinema sector during the forecast period.
APAC is expected to hold the largest market share in the near future
APAC is expected to hold the largest market share and dominate the DLP projector market in the near future owing to the presence of a large number of DLP projector companies. APAC offers potential growth opportunities as there is an increasing number of digital screens in the film industry and digitalization in education process.
The scope of the report covers detailed information regarding the major factors influencing the growth of the DLP Projector Market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the DLP projector market.
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The major companies in the DLP projector market include Barco N. V. (Belgium), BenQ Corp. (Taiwan), Christie Digital Systems, Inc. (U.S.), NEC Corp. (Japan), Optoma Corp. (Taiwan), Acer Inc. (Taiwan), and others.
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