Interactive projectors are ultrashort projectors with projector mapping. Just like a standard projector, the images and words are projected onto a whiteboard or projector screen. Unlike most projectors, the interactive projector gives you the power to interact with what you are projecting. This is an energy-efficient projection technology that has simple touch and gesture interface technology to interact with the users. Due to the adoption of e-technology in the education sector, corporate sector, government sectors, healthcare sector, the demand for interactive projector is growing, and the global interactive projector market is also growing.
With the demand for faster networking and telecommunication technology, the global interactive projector market is witnessing significant growth. Various schools and other sectors adopted the more interactive and engaging methods, and that why they are using the interactive projector. These projectors can help to understand the subject easily during the presentation. This technology is new, and with the increasing demand for technological advancement, the need for interactive projector is growing in all organizations. It offers advantages such as real-time learning, more interaction, multi-coach collaboration and etc.
This report provides the efficiency of the interactive projector market. The interactive projector market grew at a CAGR rate of 16% in 2014-2019, and it is expected to grow USD 4.56 billion by 2025 with a CAGR of 21.5% in the forecast period. The need for highly advanced IT infrastructure is one of the drivers of global interactive projector market growth. Cloud computing, the internet of things, and artificial intelligence are the major factor contributing to the growth of the interactive projector market size. Other factors are improvements in sensor technology, automation, digitization across many sectors. The interactive projector industry is expected to show rapid growth in the forecast period.
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The interactive projector industry is divided on the basis of type, distance, resolution, dimension, application, and region. The type segment of the interactive projector industry includes digital light processing, liquid color display (LCD), and Liquid Crystal on Silicon (LCoS). The distance segment of the interactive projector system market includes ultra-short throw, short throw, and standard throw. The resolution segment of the interactive projector system market is further divided into XGA, wide XGA, and wide UXGA. The dimension segment of the interactive projector system market involves 2D & 3D. The application segment of the market includes education, healthcare, media and advertisement, hospitality and tourism, enterprises, and others. The regional segment of the market includes regions such as North America, Europe, Asia Pacific, and other regions in the world.
The major regions of the global interactive projector market are North America, Europe, Asia Pacific, and the rest of the world. The interactive projectors are majorly used for educational purposes. Most of the education sectors have already installed this technology in their schools. Other sectors are also adopting interactive projectors at their place. North America is leading the interactive projector industry due to the high demand for interactive projector in this region. The government in North America has also adopted this technology, and that is why this region has the highest share of the market.
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Due to the lockdown, many sectors remained closed for a long period. The covid-19 pandemic affected many sectors in the world. Almost every organization was affected by it. The interactive projector market has mixed inspect of covid-19. With adoption of interactive projector in the education industry, there was a growth in the demand. Online classes were going on all over the world, and an interactive projector was the best medium to help the students. Offices around the whole world were closed so in this sectors there was a decrease in the demand for interactive projector market. The key players tried their best to keep the market demand alive.
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