On September 12th, Allied Market Research unveiled its latest report that provided an insight into the future of the global gaming projector market. According to the survey, this industry was worth $1.1 billion last year and is set to be worth $2.4 billion by 2031, registering a compound annual growth rate (CAGR) of 8.4% during this period.
The report showed that the DLP (digital light processing) segment of the market held the highest market share in 2021, accounting for more than 60% of the global market. However, the LCD (liquid crystal display) portion of the industry will register the fastest CAGR over the next nine years at 10.75%.
The APAC region accounted for almost 40% of the global gaming projector market in 2021. Despite this dominance, the LAMEA (Latin America, Middle Eastern, and African) region will record the fastest growth with a CAGR of 11.62% between 2022 and 2031.
“Rise in popularity of advanced gaming technologies drives the growth of the global gaming projector market,” the report says. “Moreover, a prominent increase in disposable income in developing countries will further boost global market trends. Nonetheless, huge costs related to gaming accessories can create hindrances in the expansion of the global market. However, the huge demand for short-throw gaming projector solutions in the household sector and the popularity of esports gaming activities globally is predicted to provide lucrative growth opportunities for the market across the globe.”
(All information was provided by Google and Yahoo!)
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