India Projector market which was previously dominated by large business organizations is now also getting popular among the small and medium enterprises (SMEs). Increasing penetration of mobile computing, notebook PC’s as well as new features such as short throw, 3D, Wi-Fi and HD has shown remarkable growth in the SMEs. The market is expected to grow at a faster pace due to the revival of delayed projects affected by the Indian general election of 2014.
According to 6Wresearch, India Projector Market registered an annual shipments of 0.18 million units. Benq endured its market leadership followed by Epson and Sony. 3D enabled projectors captured around 47% share of the India Projector market. The home stream segment is expected to demonstrate huge potential over the coming years as a result of increasing consumer awareness among the Indian consumers.
Table: India Projector Market, By Resolution
Source: 6Wresearch India Projector Market, Annual Tracker
The DLP based Projectors dominated the Indian Projector Market with 54% market share followed by LCD Projectors. Recent switch from traditional lamp-based light sources to LED and laser technologies has helped manufacturers to offer cost efficient and better quality projectors. Further, LED projectors are expected to grow at a rapid pace due to their superior average life compared to other segments.
The demand for PICO Projectors are likely to increase significantly due to their advantages over the traditional projectors. Additionally, increasing usage of these devices across certain segments such as consumer electronics, healthcare and aerospace will further boost the growth of these projectors.
The Education sector is expected to be the major demand driver for the India Projector Market. Additionally, the market is expected to demonstrate significant growth as a result of government initiatives such as adaptation of modern teaching aids, smart boards and digital teaching as well as upgradation of IT infrastructure.