The projector screen market comprises the sales of projector screens for enhancing the visibility of projected images. Projector screen is an essential part of any projection system used to display digital content. Projector screens come in different sizes and screen types such as front projection screens, rear projection screens, floor rising screens, and short throw projector screens. Front projection screens are used when a projector is in front and shoots images onto the screen from the front. Rear projection screens are used when a projector is behind the screen to project images.
The Global Projector Screen Market Size is estimated to be valued at US$ 4989.75 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
Projector screens are used in various applications across sectors including corporate, cinema, home theater, and events. Projector screens offer advantages such as brightness, contrast, flexibility in mounting options with features like motorized screens and floor rising screens. With increasing adoption of digital signages, commercial displays, and rising demand for large venues requiring projector screens, the projector screen market is expected to witness significant growth.
Key Takeaways
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. The key players are focusing on developing large format projector screens with a resolution of 4K and above to cater to the rising demand from theaters and events industry.
The growing demand for digital signages, commercial displays, and digital content across various industry verticals is driving the demand for projector screens. Further, with increasing construction of multiplexes and large cinema halls worldwide, the projector screen market is witnessing high growth opportunities. Also, increasing investments by governments worldwide on smart city projects integrating digital signages is supporting the growth of the projector screen market.
The global expansion of key players through partnerships and new product launches is helping increase penetration of projector screens worldwide. For instance, major players are focusing on expanding presence across emerging markets of Asia Pacific and Middle East & Africa through tie-ups with local distribution partners. Further, development of technologically advanced screen materials is supporting large format and flexible projector screen offerings globally.
Market Key Trends
One of the key trends gaining traction in the projector screen market is the growing demand for large format projector screens with a resolution of 4K and above. With increasing construction of premium multiplexes, large commercial display setups, and experiential venues worldwide, there is rising focus on large immersive projections. This is driving the adoption of extra-large front and rear projector screens with a resolution of 4K and above. Major players in the market are focusing on developing modular and versatile large format screens to enhance viewing experience for audiences. There is also a growing preference of laser phosphor projectors over conventional lamp-based models for large venue projections due to their high brightness, contrast ratios and lifespan. This trend of large immersive displays is expected to continue in the coming years with technological advancements.
Porter’s Analysis
Threat of new entrants: New entrants face significant threats from the well established players in the projector screen market. The established brands have strong brand image and market reputation which new entrants will find difficult to match.
Bargaining power of buyers: Buyers have moderate bargaining power in the projector screen market due to the availability of various options from different brands. However, switching costs are low.
Bargaining power of suppliers: A few key manufacturers control the supply of raw materials for projector screens. This gives them significant influence over profits.
Threat of new substitutes: Emerging digital technologies like smart screens pose a minimal threat currently.
Competitive rivalry: The market is dominated by well-established brands and characterised by competition based on product quality, features and pricing.
Geographical Regions
North America accounts for the largest share of the global projector screen market in terms of value. This is attributed to widespread adoption of projector screens for commercial applications in countries like the US.
The Asia Pacific region is poised to witness the fastest growth during the forecast period. Countries such as China, India and Southeast Asian nations are expected to boost demand led by growing education and corporate sectors embracing digital technologies.
Geographical Regions
The largest share of the global projector screen market in terms of value is concentrated in North America. This can be attributed to extensive use of projector screens across corporate offices, educational institutions, and auditoriums.
The Asia Pacific region is expected to exhibit the fastest growth over the forecast period. Rapid urbanization, improving infrastructure, and proliferation of digital classrooms are some factors supporting market expansion in Asia Pacific countries like China, India, Indonesia and others.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
