Projector Market to grow by USD 9.80 Bn

A new report estimates the projectoe market to register an incremental growth of USD 9.80 billion, at a CAGR of 9.87% during the forecast period.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increasing adoption of projectors in the entertainment industry has been instrumental in driving the growth of the market. However, Low lamp life might hamper the market growth.