The report forecasts the global light projector market to grow at a CAGR of 8.92% during the period 2016-2020.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Commenting on the report, an analyst from the research team said: During 2015, APAC was the largest market for light projectors and accounted for more than 45% of the market share in terms of the revenue generated. The increasing adoption of light projectors in the corporate and education sectors will aid in the growth of this market in the coming years. Also, the education sector is rapidly digitizing in this region, thereby fuelling the demand for the light projectors until the end of 2020.
According to the report, this increasing adoption of low-cost, portable projectors by small- and medium-sized enterprises is one of the key factors driving the growth of this market. Also, the technology is fast becoming an affordable option for middle-class consumers due to the decreasing average selling price of light projectors. A high number of fixed installations are increasingly getting replaced by low-cost Pico projectors, and this is expected to propel the growth prospects of the light projector market during the forecast period.