The global projector market continues to surge and is expected to exceed the 30 million unit mark in 2027

According to news on March 25, the latest data from RUNTO Technology shows that the global projector market will continue to flourish in 2023, with shipments reaching 18.752 million units, a year-on-year increase of 5.2%. Looking to the future, the agency predicts that the global projector market will maintain strong growth momentum, and overall shipments are expected to exceed the 20 million unit mark in 2024 and climb to 20.57 million units. What’s even more exciting is that this growth trend is expected to continue until 2027, when the global projector market is expected to reach an astonishing 30 million units.

2021-2027 Global Projector Market Shipment Scale and Changes

Although mainland China still dominates the global projector market, its market share has declined to a certain extent recently.

1. The projector market shipments in mainland China in 2023 will be 7.114 million units, a year-on-year decrease of 6.9%, and the market share will also drop from 42.8% in 2022 to 37.9%.

2. Luotu Technology analysis believes that this change is mainly affected by the following factors:

   • National policy adjustment
   • Promotion of localization of supply chain
   • Intensified market competition
3. As domestic brands continue to increase overseas market expansion It is expected that the growth rate of China's projector market may slow down relatively in the future, and its global market share may also face further downward pressure.

   

   Global projector market regional structure by shipment volume from 2021 to 2024

Globally, North America ranks firmly as the second largest projector market with more than 4 million units shipped, with a market share of 2023 21.6%, an increase of 3 percentage points from the previous year. The size of the projector market in the Asia-Pacific region cannot be underestimated, with shipments exceeding 3 million units and a market share of 16.6%, a slight increase of 0.3 percentage points from the previous year. In addition, projector shipments in Western Europe also exceeded 2.5 million units, accounting for 13.8% of the market share.

1. With the continuous advancement of technology, consumers’ demand for high-quality display experience is growing, and the global projector market is facing development opportunities.

2. Major manufacturers are increasing investment in research and development and launching more innovative products to meet market demand.
3. In the next few years, the global projector market will continue to grow rapidly, injecting new vitality into the technology industry.

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