by Projector Screens are optical equipment that display an enlarged virtual image when a video image or computer graphical user interface is projected onto it from the projector. They are used in theaters, educational institutions, businesses, and homes to present visual media contents. Projector screens come in various sizes ranging from portable screens to fixed auditorium screens. The rising adoption of laser projectors offering high resolution 4K and 8K images along with increased brightness levels have fuelled the demand for high quality projection screens that can enhance viewing experiences.
The global Projector Screen Market is estimated to be valued at US$ 4989.75 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends witnessed in the Projector Screen market is the increasing demand for 4K and 8K resolution screens to complement the adoption of advanced laser projectors. Higher resolution projectors require screens with equal or higher pixel density to render high quality images with finer details and less visible pixels. Major players have introduced screens optimized for 4K and 8K laser projectors used in premium home theaters, educational institutions, and digital signage applications.
Another major trend is the development of electric or motorized screen materials that can retract automatically when not in use to save space. Battery-powered roller screens are gaining popularity for flexible installation options and ease of usage. Advancements in screen coating and materials have enabled screens to offer superior light reflection even in well-lit rooms without compromising on image quality and contrast levels. Innovation in projection screen technologies will continue to expand their use across various industries driving market revenues.
Porter’s Analysis
Threat of new entrants: Low cost of production, easy availability of raw materials, and sufficient funds makes the threat of new entrants low in the projector screen market.
Bargaining power of buyers: Since there are many players in the market providing similar products at competitive prices, the bargaining power of buyers is high.
Bargaining power of suppliers: Presence of many suppliers for raw materials like fiberglass, metals etc. keeps the bargaining power of suppliers low.
Threat of new substitutes: Though digital signage is a substitute, projector screens have wide applications in education and corporate sectors maintaining a steady demand.
Competitive rivalry: Intense competition exists between established brands on pricing and product features.
Key Takeaways
The Global Projector Screen Market Size is expected to witness high growth. The market size for 2024 is US$ 4989.75 Mn indicating substantial opportunities. The global Projector Screen Market is estimated to be valued at US$ 4989.75 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
Regional analysis: North America dominates the market due to high penetration of projectors in education and corporate sectors. Asia Pacific is expected to grow at fastest pace led by countries like China and India adopting projectors for classrooms and conferences.
Key players: Key players operating in the projector screen market are Armstrong Medical, Fisher & Paykel Healthcare Limited., Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Advin Health Care, Life-O-Line Technologist, Hamilton Medical, Altera, GE Healthcare, Bio-Med Devices, CAE Inc., Medtronic, Great Group Medical Co., Ltd., Vincent Medical Holdings Limited, and Vyaire Medical, Inc. These brands focus on expanding product portfolio through innovation.
