Market Introduction
Digital transformation in each sector across North America 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 North America 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 North America projector screen market. Increasing awareness and reduced cost through new technology is making projector screens a valuable solution for end users. Corporate offices, boardrooms, conference halls, and mini auditoriums, among others have strong adoption of projector screens and its sustaining with new development in mounting operation of projector screens, which is driving the North America projector screen market. Moreover, the region also comprises several projector screen manufacturers engaged in conducting intense R&D activities. North America is the second-largest market for projector screens. The countries, including the US and Canada, are technologically advanced. Organizations in these 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 North America.
Furthermore, in case of COVID-19, North America is highly affected specially the US. During the COVID-19 pandemic, approximately 2/3rd of the Americans is forced to work remotely. The lockdown announced by various governments across the North America 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 in North America. With businesses across North America started to reopen in later 2020, several companies are still choosing to opt for the WFH strategy and even to reduce their previous capacity for an extended period, which is expected to have negative impact on the projector screen market growth. Also, COVID-19 pandemic is having a huge impact on construction projects in the US, but the legal implications differ from contract to contract. On the contractual side, great focus is now being given to the wording of standard forms in NEC. The slowdown of construction projects is further impacting the growth of the market. Moreover, the loss in revenues is expected to restrain several enterprises to invest in new projector screens as they are cutting their budgets to moderate the losses.
Market Overview and Dynamics
The North America projector screen market is expected to grow from US$ 1,714.71 million in 2020 to US$ 2,819.25 million by 2027; it is estimated to grow at a CAGR of 7.7 % from 2021 to 2027. Development in screen size and layers is expected to accelerate the North America projector screen market. The projectors screens are emerging with new innovations in size and mounting types, which fulfills the customers need for customizable solutions. A latest innovation in projector screens regarding size, positioning, and material is enhancing the North America market growth. Few years back, the introduction of LED screens in the market created certain challenges for the adoption of projector screens, but the new innovations have overcome the barriers and proved that the projector screens are still valuable solution for all end users. An enhanced brightness, resolution, and support for advanced format such as 4K, HD, and 3D are supporting the North America market to sustain considerable growth during the forecast period. Market players across North America are continuously innovating new products for customers and setting new trends in the market. For instance, in October, 2020, EliteProAV Screens introduced new UST series projection screen, which rejects celling ambient light reflection on screen and also offers motorized configuration for movement. The new projector screen is specifically designed for small spaces, such as conference room and boardrooms. Similarly, in May, 2020, Screen Innovations (SI) introduced new projection screens with advanced mounting system. It offers solo suspended ceiling mount system, which improves the aesthetic of rooms. Such type of development is expected to drive the North America projector screen market during forecast period.
Key Market Segments
In terms of type, the fixed frame segment accounted for the largest share of the North America projector screen market in 2020. In terms of end user, the media and entertainment segment held a larger market share of the North America projector screen market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on North America 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; Custom Display Solutions, Inc.; Draper, Inc.; Elite Screens Inc.; Grandview Crystal Screen Co. Ltd.; LEGRAND AV INC.; Seiko Epson Corporation (Seiko Group); SnapAV; Stewart Filmscreen.
Reasons to buy report
North America Projector Screen Market Segmentation
North America Projector Screen Market – By Type
North America Projector Screen Market - By End User
North America Projector Screen Market - By Country
North America Projector Screen Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 1,714.71 Million |
| Market Size by 2027 | US$ 2,819.25 Million |
| CAGR (2021 - 2027) | 7.7 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
Some of the leading companies are:
The North America Projector Screen Market is valued at US$ 1,714.71 Million in 2020, it is projected to reach US$ 2,819.25 Million by 2027.
As per our report North America Projector Screen Market, the market size is valued at US$ 1,714.71 Million in 2020, projecting it to reach US$ 2,819.25 Million by 2027. This translates to a CAGR of approximately 7.7 % during the forecast period.
The North America 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 North America Projector Screen Market report:
The North America Projector Screen Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Projector Screen Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Projector Screen Market value chain can benefit from the information contained in a comprehensive market report.
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