Published Date : Nov 21, 2016
Albany, NY, Nov 21, 2016: The research report, titled “Global Home Theatre Projector Market 2016-2020,” provides a detailed understanding of the drivers and restraints impacting the global market. The researchers have also studied the segments in the market and pinpointed the strengths, weaknesses, opportunities, and threats that are impacting them. The report discusses the historical events pertinent to the global home theatre projector market and compares them to the current market situation to present a plausible trajectory of the global market.
According to the research report, the global home theatre projector market is expected to expand at a CAGR of 7.63% during the CAGR of 2016 and 2020. The constant product innovation and launch of new products are anticipated to be the two strong pillars that will support the growth of the global market. With a wide range of products to choose from, consumers are expected to opt for state-of-art home theatre projectors for an improved viewing experience. Growing number of consumers are tilting towards buying home theatre projectors as these do not compromise the quality of images while providing larger images. Affordable pricing of these projectors is also boosting their sale, observe researchers. Increasing number of gamers and rising expenditure on entertainment such as movie viewing is also anticipated to lend an impetus to the overall market.
Introduction of pock-sized projectors has also helped in augmenting the demand for home theatre projectors in recent years as the trend of miniaturization is an emerging one. Furthermore, remarkable features and functionalities in modern projectors have also created a positive outlook for the overall market. The only factors preventing the growth of the global market are the plummeting prices of TV screens, lack of space, and poor brightness or lighting issues within homes.
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The research report segments the global market on the basis of technology into DLP technology-based home theatre projector, 3LCD technology-based home theatre projector, and LCOS technology-based home theatre projector. In terms of regions, this market is divided into the Americas, Europe, the Middle East and Africa, and Asia Pacific.
Some of the key players operating in the global home theatre projector market are Epson, BenQ, JVC, Optoma, Sony, Acer, 3M, Koninklijke Philips, Canon, LG Electronics, Panasonic, and Mitsubishi Electric Visual and Imaging Systems. The research report has profiled these players and provided a thorough explanation of the intensity of the competitive rivalry present in the global market. The document also explains the business and marketing strategies being adopted by some of these players to remain dominant in the near future. Additionally, the report includes suggestions and recommendations by market leaders to help readers formulate winning strategies during the forecast period.
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