Market Introduction
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 countries is fueling the Europe market growth in personal segment. Consumers across Europe 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 Europe projector screen market. Increasing awareness and reduced cost through new technology is making projector screens a valuable solution for end users. In the European region, well-established enterprises in the developed economies such as Germany, France, and the UK, are investing in replacing older projector screens with new updated technology. The rest of the European region comprises developing economies witnessing growth in both infrastructural development and the emergence of new enterprises, which is bolstering the growth of the projector screen market. Moreover, the region also comprises several projector screen manufacturers engaged in conducting intense R&D activities. Organizations in developed European countries are early adopters of technology. Also, the digitalization of the government and the public sector is rising, which is expected to create ample opportunities for projector screen vendors across Europe region.
Furthermore, in case of COVID-19, Europe is highly affected specially the UK and Italy. Both countries are expected to suffer an economic hit due to a lack of revenue from various industries, as both recorded the highest number of coronavirus cases. Other member states had implemented drastic measures and travel restrictions, including partially closing their borders. Moreover, countries in the region, including Germany, France, and Belgium, have witnessed a second wave of the virus and have announced lockdown for the second time in November 2020. The lockdown announced by various governments across the Europe had resulted in temporary shutdown of offices, schools, cinema halls, manufacturing plants, and venues. This had negatively impacted the market for projector screens. However, with people maintaining social distancing and staying at their homes, the demand for projector screens by the personal segment witness a slight growth. Additionally, with the relaxation of lockdown in later half of 2020, the demand is again expected to spike attributed to the implementation of advanced technologies by the enterprises such as video conferencing to continue maintain minimum human interaction.
Market Overview and Dynamics
The Europe projector screen market is expected to grow from US$ 1,535.84 million in 2020 to US$ 2,758.92 million by 2027; it is estimated to grow at a CAGR of 9.2 % from 2021 to 2027. Increasing demand for cinema projector screens specially across developing countries in Europe region is expected to accelerate the Europe projector screen market. The projector screens are getting more demand from the developing countries across Europe owing to low-cost and growing digitalization. Companies, schools, governments, and other sectors are transforming their operation into digital platform and adapting new digital technologies such as projectors smartphones, tablets and other advanced systems. Increasing digitalization in Europe creates opportunity for the market players to introduce their products into media and entertainment, corporate, and education sectors. The increasing number of movie theaters in Europe region create opportunity for new projector screen installations. Growing cinema industry in Europe is driving the growth of the Europe projector screen market. Also, digital transformation initiative from schools in developing countries is creating lucrative opportunity for the Europe projector screen market.
Key Market Segments
In terms of type, the fixed frame segment accounted for the largest share of the Europe projector screen market in 2020. In terms of end user, the media and entertainment segment held a larger market share of the Europe projector screen market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on Europe 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; Draper, Inc.; Elite Screens Inc.; Glimm Display; Grandview Crystal Screen Co. Ltd.; LEGRAND AV INC.; Seiko Epson Corporation (Seiko Group); Stewart Filmscreen.
Reasons to buy report
Europe Projector Screen Market Segmentation
Europe Projector Screen Market – By Type
Europe Projector Screen Market - By End User
Europe Projector Screen Market - By Country
Europe Projector Screen Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 1,535.84 Million |
| Market Size by 2027 | US$ 2,758.92 Million |
| CAGR (2021 - 2027) | 9.2 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
Some of the leading companies are:
The Europe Projector Screen Market is valued at US$ 1,535.84 Million in 2020, it is projected to reach US$ 2,758.92 Million by 2027.
As per our report Europe Projector Screen Market, the market size is valued at US$ 1,535.84 Million in 2020, projecting it to reach US$ 2,758.92 Million by 2027. This translates to a CAGR of approximately 9.2 % during the forecast period.
The Europe Projector Screen Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Projector Screen Market report:
The Europe Projector Screen Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Projector Screen Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Projector Screen Market value chain can benefit from the information contained in a comprehensive market report.
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