Projector Lamps Market: OEMs Segment is Expected to Expand at a CAGR of 8.3% During Forecast Period 2021-2031

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Projector Lamps Market: OEMs Segment is Expected to Expand at a CAGR of 8.3% During Forecast Period 2021-2031

Fact.MR - a market research and competitive intelligence provider has released the projector lamps market analysis, which shows that global demand is expected to enjoy year-on-year (YoY) growth of 5.5%. The projector lamps market size in 2021 will total a valuation of around US$ 2 Bn. LED projector lamps housing is likely to portray a positive growth rate of little over 6.5% and metal halide lamps are expected to witness a YoY growth of 5.2% by the end of fiscal year 2021.

250 Pages Projector Lamps Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

The report offers actionable and valuable market insights of Projector Lamps. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Projector Lamps Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Projector Lamps market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Projector Lamps

Projector lamps market region by Fact.MR

This newly published and insightful report sheds light on Market Insights of Projector Lamps, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Projector Lamps Market.

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Main Segments Covered in Projector Lamps Industry Analysis

By Lamp Type
- Metal Halide Lamps
  - High-Intensity Discharge Lamps
  - Ultra-High-Performance Lamps
- LED Lamps
- Lasers
- Hybrid
By Projector Type
- LC – Liquid Crystal Display Projectors
- DLP – Digital Light Processing Projectors
- LCoS – Liquid Crystal on Silicon Projectors
- Others
By Lumen Count
- Below 3500 Lumens
- 3600-6500 Lumens
- 6500-9000 Lumens
- Above 9000 Lumens
By Rated Lifetime
- Below 5,000 hours
- 5,000-20,000 hours
- 20,000-30,000 hours
- Above 30,000 hours
By End User
- Residential
- Commercial Projector Lamps for Business Application
  - Corporate Offices
  - Stage & Theatre and Projector Lamps for Cinema Halls
  - Game Zones
  - Academic & Research Institutions
  - Exhibition Centres
  - Others
By Sales Channel
- OEMs
- Aftermarket
  - Online Sales
    - Third Party Online
    - Direct to Customer
  - Modern Trade
  - Specialty Stores
  - Others

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Competitive Landscape

Most market players that have been considered in the report are primarily leaned towards technological advancements and strengthening their sales and distribution networks.

Some of the key developments are:-

In May 2021, Ushio lnc. decided to make a capital investment to increase the production capacity. The company has planned to invest 1.5 billion yen for production expansion.
In April 2021, InFocus Corporation and Alpha Technologies signed an agreement to support InFocus’s marketing strategy, intensify sales and support the entire portfolio of projectors and associated accessories.
In April 2021, the Ushio lnc. disclosed that the sales of new “Unicure System (lamp type)” would be discontinued by the end of September 2021 due to the difficulty in production continuation due to the changes in the business environment of this product around the world.

Key Takeaways from Market Study

The global projector lamps market is set to surge at a CAGR of over 8% during the forecast period
East Asia is set to experience leading growth over other regions such as North America and Europe, with an absolute $ opportunity worth US$ 670 Mn through 2031.
Metal halide projector lamps are estimated to accounted for more than 65% of global demand, but lose 171 BPS owing to increasing demand for LED projector lamps.
The residential end user segment is expected to expand at a CAGR of 8.8% and be valued at US$ 535 Mn by 2031.
The OEMs segment is expected to expand at a CAGR of 8% be valued at US$ 3.5 Bn at the end of the decade.

“Sales of metal halide lamps is mounting due to widening digitalization across the globe, which will further drive demand for projectors,” says a Fact.MR analyst

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More Valuable Insights on Projector Lamps Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Projector Lamps, Sales and Demand of Projector Lamps, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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