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The demand for 4K Projectors is projected to reach 1,221.0 million USD by 2024, actuating at an estimated CAGR of 13.9% from 2019 to 2024. 4K Projectors are gaining popularity and are being adopted across professional and home markets, owing to superior image quality of 4K images and video, hyper realistic and crisp in nature and packed full of detail, according to Energias Market Research, in its latest research report.
Growing usage of 4K projection across various applications such as movie theaters, large venues, museums, auditoriums, and classrooms have resulted in greater demand for 4K projectors in the past few years and the trend is expected to continue over the forecast period. Moreover, application of 4K projectors in home entertainment system has gained momentum by changing the viewing experience of available 4K content across number of flexible projection display sizes. These driving factors tend to propel the demand for 4K projectors and hold significant market opportunity for the players operating in the market the researchers underpin their projections.
Key findings from the report are that the global 4K Projector market is expected to reach 1,221.0 USD million by 2024 at a CAGR of 13.9%. DLP projection is widest adopted system in projection technology and is accounted to hold majority share of the market. North America held the majority of the share of the global market in 2018. Asia-Pacific is expected to exhibit high CAGR over the forecast period.
Demand for 4K projectors is growing due to increasing demand for high pixel resolution images and video free from image artifacts or noise. Manufacturers across the globe are keen to work towards reduced price of these projectors and have invested heavily in order to bring down the cost of 4K projectors, making it a preferred choice among various groups of consumers over the coming years.
The market researchers feel that: "Further, development towards standardizing 3D screening in 4K resolution would expand the market size and have positive impact on the overall growth of the market", overlooking that most of the 4K projectors don't even support 3d of any kind.
Growing usage of 4K projection across various applications such as movie theaters, large venues, museums, auditoriums, and classrooms have resulted in greater demand for 4K projectors in the past few years and the trend is expected to continue over the forecast period. Moreover, application of 4K projectors in home entertainment system has gained momentum by changing the viewing experience of available 4K content across number of flexible projection display sizes. These driving factors tend to propel the demand for 4K projectors and hold significant market opportunity for the players operating in the market the researchers underpin their projections.
Key findings from the report are that the global 4K Projector market is expected to reach 1,221.0 USD million by 2024 at a CAGR of 13.9%. DLP projection is widest adopted system in projection technology and is accounted to hold majority share of the market. North America held the majority of the share of the global market in 2018. Asia-Pacific is expected to exhibit high CAGR over the forecast period.
Demand for 4K projectors is growing due to increasing demand for high pixel resolution images and video free from image artifacts or noise. Manufacturers across the globe are keen to work towards reduced price of these projectors and have invested heavily in order to bring down the cost of 4K projectors, making it a preferred choice among various groups of consumers over the coming years.
The market researchers feel that: "Further, development towards standardizing 3D screening in 4K resolution would expand the market size and have positive impact on the overall growth of the market", overlooking that most of the 4K projectors don't even support 3d of any kind.