- The key vendors in the education projector market in the US 2015-2019 are BenQ Corp., Canon Inc., Hitachi, Ltd., Sanyo Electric Co., Ltd., and Seiko Epson Corp.
London, 4 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the education projector market in the US 2015-2019. The growing demand for energy-efficient projectors is a major trend that is expected to facilitate market growth of the education projector market in the US. The increasing shift in consumer preference toward products that are environment-friendly and consume less energy have led to the development of LED projectors, which reduce power consumption and enhance the overall performance of the projectors. This market is expected to increase at a CAGR of 10.77% during the forecast period of 2014-2019.
Market growth of the education projector market in the US is fuelled by the increase in adoption of projectors in K-12 classrooms and universities, growing demand for global standards of education, and learning delivery models. The rising awareness about the benefits of deploying projectors among users and the increasing demand of projectors from emerging regions like APAC act as key advantages for the vendors, and has encouraged numerous sellers to invest in this market.
“The US is laying increased emphasis on exploring and serving the K-12 and pre K-12 education grades in the US. After catering to the needs of higher education institutions, vendors are targeting K-12 and pre K-12 schools to leverage their high potential,” says Faisal Ghaus, Vice President of Technavio Research.
“The US government is taking steps to standardize K-12 education in public and private schools. Also, it is encouraging the use of tablets, laptops, and projectors in schools to facilitate digitization.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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