Asia Pacific Projector Screen Market

Market Introduction

APAC region is one of the largest and fastest growing market of projector screen. Digital transformation in each sector is getting evolved at rapid pace as it provides better view and analysis of data. Increasing disposable income and changing lifestyle standards such adoption of premium products in developing countries across APAC region is fueling the APAC market growth in personal segment. Consumers are transforming their television system into advanced projectors and screens to experience big screen projections. Home cinema theater, outdoor projectors, and rooftop restaurants with screens, among other new trends are playing major role in promoting the growth of the APAC projector screen market. Increasing awareness and reduced cost through new technology is making projector screens a valuable solution for end users. Moreover, growth in APAC is driven by the rising construction of commercial and infrastructural spaces, particularly in the developing economies such as China, India, Malaysia, and Indonesia, among others. Further, the surging manufacturing sector and rapid industrialization and urbanization are anticipated to influence the market positively. Also, the government of these economies is taking various measures to promote digitalization in almost every industry vertical and to attract FDIs. Such initiatives are propelling the deployment of projector screens across the APAC region. 

Furthermore, in case of COVID-19, APAC is highly affected specially the China and India. The government of APAC countries took all possible steps to reduce the effects of the coronavirus pandemic by announcing lockdown. The lockdown has created a negative impact on the projector screen market. In addition, APAC is a house of many manufacturing plants, also got affected due to lockdown. The step disrupted the production and supply of components overseas. Factory activity contracted sharply across most of the region in April as the coronavirus pandemic paralyzed economic activity globally, with sharp falls in export from countries such as Japan and South Korea overshadowing a moderate enhancement in China. Manufacturing indicators also slumped in Vietnam, Indonesia, and the Philippines, as per the Purchasing Managers’ Index surveys. China’s factory activity enhanced marginally more than anticipated in March after plunging a month earlier; however, growth was minimal, signifying the intense pressure on businesses owing to a decline in domestic and export demand. While factories in China slowly resumed operations after extended shutdowns and a reduction in virus cases enabled the country to begin relaxing travel restrictions, activity in South Korea contracted at its fastest pace in 11 years as several of the country’s trading partners imposed dramatic actions to control the virus’ spread. Also, the construction sector has been impacted significantly across the region. Such factors have negatively impacted the projector screen market in APAC.

Market Overview and Dynamics

The APAC projector screen market is expected to grow from US$ 3,250.76 million in 2020 to US$ 6,695.14 million by 2027; it is estimated to grow at a CAGR of 11.4 % from 2021 to 2027. Upsurge in the adoption of projector screen from home and non-traditional users are expected to accelerate the APAC projector screen market. Projectors are highly in demand from the non-traditional users such as restaurants, sport event organizers, and museums. Further, the increased adoption of projector screens for personal use at home to experience large screen movies has fueled the growth of the APAC market. The APAC market growth is further supported by a few innovations in projector screens such as portable screen, foldable screens, and front/rear screens. Growing demand for projector screens to enhance the movie experience at home is braced by new ALR (Ambient Light Rejecting) technology. It helps to improve the projection even at day light by diffusing the reflection. The reflection of light on the screen from various angles has less impact on picture quality. Also, companies across APAC region are trying to grab the opportunity created by pandemic situation as customers are staying home and moderating their movie experience with large screens. Also, the market players across APAC region are introducing new projector screens with wide customizable options.  Innovation and advancement in projector screen such as portability, ALR technology, high resolution etc. are expected to increase its demand from home and non-traditional users, which will drive the APAC projector screen market.

Key Market Segments

In terms of type, the fixed frame segment accounted for the largest share of the APAC projector screen market in 2020. In terms of end user, the media and entertainment segment held a larger market share of the APAC projector screen market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on APAC projector screen market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Barco NV, Elite Screens Inc., Grandview Crystal Screen Co. Ltd., LEGRAND AV INC., Seiko Epson Corporation (Seiko Group), Stewart Filmscreen.    

Reasons to buy report

• To understand the APAC projector screen market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC projector screen market
• Efficiently plan M&A and partnership deals in APAC projector screen market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC projector screen market
• Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

APAC Projector Screen Market Segmentation

APAC Projector Screen Market – By Type

• Fixed Frame
• Tripod
• Folding Frame
• Floor Rising/Pull Up
• Electric
• Manual
• Others

APAC Projector Screen Market - By End User

• Education
• Media and Entertainment
• Healthcare
• Government and Defense
• Commercial
• Personal                          
• Others

APAC Projector Screen Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC                    

APAC Projector Screen Market - Company Profiles

• Barco NV
• Elite Screens Inc.
• Grandview Crystal Screen Co. Ltd.
• LEGRAND AV INC.
• Seiko Epson Corporation (Seiko Group)
• Stewart Filmscreen     

Asia Pacific Projector Screen Market Strategic Insights

Asia Pacific Projector Screen Market Segmentation Analysis

Asia Pacific Projector Screen Market Report Highlights

Asia Pacific Projector Screen Report Scope

Asia Pacific Projector Screen Market Country and Regional Insights