SEATTLE, March 05, 2019 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global projector screen market is projected to exhibit an impressive CAGR of 15.3% over the forecast period (2018 – 2026).

Projector screens consist of a surface and support structure used for displaying a projected image, video or any digital content for a particular audience. Projector screens are available in different dimensions and come with a different placement option and are mainly used in educational institutes, corporate offices, seminars or workshops, hotels, movie theaters, and home theaters.

Key Trends and Analysis of the Projector Screen Market:

Increasing number of educational institutes and corporate firms is expected to boost the market growth. For instance, according to Ministry of Statistics of Government of India, the number of colleges in India was 35,829 in 2013, which increased to 36,634 in 2014 and 38,498 in 2015. Moreover, introduction of new projectors and compatible projector screens is also expected to drive growth of the market. For instance, in January 2019, BenQ launched CinePrime W2700 and W5700 DLP 4K projectors.

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Increasing number of small medium enterprises (SMEs), owing to various government initiatives and increasing foreign direct investment is also expected to aid in growth of the projector screen market. For instance, according to Bureau of Labor Statistics, the number of self-employed people in the U.S. increased from 8,602,000 in 2014, to 8,751,000 in 2016. According to Ministry of Micro, Small and Medium Enterprises, India, number of MSMEs in India in 2006-07 was 361.76 lakhs and increased to 633.88 lacks in year 2015-16 with a growth rate of 6.43%.

Large projector screens of movie theaters consume more time for installation. This in turn is expected to limit adoption of projector screens. Presence of ambient light in a projector screen room affects display of the projector screen, which is also expected to hinder the market growth.

Key Trending Technologies in Projector Screen Market:

Flexi white projector screen is majorly used in indoor home theater applications. Ambient light rejecting screens are designed for short throw projector and laser projector as high fidelity of grey material surface generates high clarity images.

The ultra-short throw (UST) technology is evolving at a rapid pace. UST projection screens are optically coated, which reveal a bright, uniform image with minimal hotspot. UST projectors are placed at the nearest distance from the screen and they can offer 80-inch wide range display. This eliminates the need for adjusting the screen or projector according to distance. The laser projection technology emits one single light source for single color or multi-color projections and the technology is currently used by  IMAX and Dolby. Projector-based touch screen technology turns any flat surface into a screen, which helps to generate augmented reality. This interactive technology helps the educational sector to transform the conventional educational system into an interactive model. Optical projector screen technology comes with an optical lens system, which enables a user to control projected image even in a bright atmosphere.

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Key Market Takeaways:

  • The global projector screen market is projected to witness a CAGR of 15.3% during the forecast period (2018 – 2026), owing to increasing use of projectors
  • Asia Pacific is expected to be the fastest growing market in the global projector screen market over the forecast period. India and China are the major markets for the projector screen market in Asia Pacific. India is expected to be the fastest growing market in Asia Pacific projector screen market. This is owing to increasing number of educational institutes in the country, which is expected to boost demand for projectors and projector screens for online teaching and learning purposes.
  • Some of the major players operating in the projector screen market include, Elite Screens Inc., Stewart Filmscreen Corporation, Da-Elite, Silver Ticket Products, Seiko Epson Corporation, Custom Display Solutions, Inc., Grandview Screen, Harkness Screens International Ltd, Swastik Telon, Vutec Corporation, Barco NV, and Dnp Denmark A/S
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