According to the latest market research study released by Technavio, the global home theater projector market is expected to grow at a CAGR of close to 8% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global home theater projector market based on technology:
Global home theater projector market share by technology 2015
|
DLP |
50.50% |
|
3LCD |
48.40% |
|
LCOS |
1.10% |
Source: Technavio
Global DLP technology-based home theater projector market
The global DLP-technology home theater projector market generated revenues of around $450 million in 2015 and is expected to grow at a CAGR of almost 8% by 2020. This technology is most commonly used for the production of most types of digital screens and offers extremely high-contrast pictures that leads to faster processing. DLP technology is relatively lightweight and smaller in size, and this ensures easier mobility of the equipment from one place to another. The increasing adoption of ultra-short throw DLP projectors with innovative product designs will lead to the growth of this market segment.
“These projectors use semiconductor chips for lowering the gap between pixels, and this helps the display sets to create a unified picture. These projector systems use a single-chip design and are priced under $10,000. Vendors are also introducing projectors with ultra-high definition (UHD) chips, which enable more affordable large screen projection displays for business, home, and education sectors. Various companies in the APAC region are offering high-end home theater systems to provide high-quality screening at home,” says Poonam Saini, a lead analyst at Technavio for research on general retail goods and services.
Global 3LCD technology-based home theater projector market
The global 3LCD-technology home theater projector market generated revenues of about $440 million in 2015 and is expected to grow at a CAGR of more than 7% by 2020. Many established vendors are launching home theater projectors with 3LCD technology that includes wireless features, 3LCD reflective laser technology, and 4K enhancement, which enhances the presentations viewing angle and provides a state-of-the-art home theater experience. This technology uses a three-chip design that offers better color saturation, lower noise levels, and work better for movies. For instance, Panasonic recently launched three of its portable projectors with Intel Pro WiDi technology in the PT-VW350 series.
Global LCOS technology-based home theater projector market
The global LCOS-technology home theater projector market generated revenues of around $10 million in 2015 and is expected to grow at a CAGR of more than 14% by 2020. This technology is the hybrid of DLP and LCD-technology projectors that uses three panels like 3LCD projectors and the reflective principle of light as used in DLP projectors. LCOS projects have applications in the home theaters, commercial spaces, hospitals, and radiology laboratories for medical education purposes. This technology has features like high resolution, better black level, and contrast ratio minimum or zero rainbow artifacts that are fueling the demand for these products across the globe. Companies like Sony, Canon, JVC, and 3M are the leading vendors offering LCOS technology in the market.
The top leading vendors operating in the global home theater projector market are:
- BenQ
- Epson
- JVC
- Optoma
- Sony
Other prominent vendors in the market include 3M, Acer, Canon, Koninklijke Philips, LG Electronics, Mitsubishi Electric Visual and Imaging Systems, Panasonic, Samsung Electronics, and ViewSonic.
A more detailed analysis is available in the Technavio report titled, ‘Global Home Theater Projector Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global HDMI and DisplayPort Market 2016-2020
- Global Projector Screen Market 2015-2019
- Global Digital Media Adaptor Market 2015-2019
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