Video Projector Market

The global video projector market is projected to see a slight increase in volume and value from 2022 to 2030, with a forecasted CAGR of +0.6% and +2.9% respectively. Consumption and production are highest in the Philippines, while China leads in exports. Import prices and export prices show variations by country, with Germany having the highest export price and the United Arab Emirates having the lowest.

Market Forecast

Driven by rising demand for video projector worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 29M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market value to $11.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Video Projectors

In 2022, consumption of video projectors increased by 3.1% to 28M units, rising for the second year in a row after two years of decline. In general, consumption, however, saw a slight downturn. As a result, consumption attained the peak volume of 37M units. From 2016 to 2022, the growth of the global consumption remained at a lower figure.

The global video projector market size was estimated at $9.4B in 2022, increasing by 3.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a pronounced slump. Global consumption peaked at $13.2B in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The Philippines (17M units) remains the largest video projector consuming country worldwide, comprising approx. 60% of total volume. Moreover, video projector consumption in the Philippines exceeded the figures recorded by the second-largest consumer, Japan (1.4M units), more than tenfold. The third position in this ranking was taken by the United States (1.1M units), with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the Philippines was relatively modest. In the other countries, the average annual rates were as follows: Japan (+4.8% per year) and the United States (-5.6% per year).

In value terms, the Philippines ($4.8B) led the market, alone. The second position in the ranking was taken by the United States ($881M). It was followed by Japan.

From 2012 to 2022, the average annual rate of growth in terms of value in the Philippines totaled -1.4%. In the other countries, the average annual rates were as follows: the United States (-4.2% per year) and Japan (-0.6% per year).

In 2022, the highest levels of video projector per capita consumption was registered in the Philippines (147 units per 1000 persons), followed by South Korea (13 units per 1000 persons), Japan (11 units per 1000 persons) and the UK (6.4 units per 1000 persons), while the world average per capita consumption of video projector was estimated at 3.5 units per 1000 persons.

From 2012 to 2022, the average annual growth rate of the video projector per capita consumption in the Philippines was relatively modest. In the other countries, the average annual rates were as follows: South Korea (+14.7% per year) and Japan (+5.1% per year).

Production

World Production of Video Projectors

In 2022, approx. 30M units of video projectors were produced worldwide; rising by 1.9% on the year before. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 2.5%. Over the period under review, global production reached the maximum volume in 2022 and is expected to retain growth in the immediate term.

In value terms, video projector production shrank slightly to $10.9B in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. Over the period under review, global production hit record highs at $15.3B in 2013; however, from 2014 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were the Philippines (18M units), China (9.9M units) and Japan (661K units), together comprising 94% of global production.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +1.2%), while production for the other global leaders experienced mixed trends in the production figures.

Imports

World Imports of Video Projectors

In 2022, overseas purchases of video projectors increased by 7.3% to 14M units, rising for the second year in a row after two years of decline. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 23% against the previous year. As a result, imports reached the peak of 17M units. From 2016 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, video projector imports soared to $5.3B in 2022. Overall, imports, however, saw a perceptible decline. Over the period under review, global imports hit record highs at $6.5B in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, the Netherlands (2.1M units), followed by the United States (1,335K units), Germany (1,175K units), Japan (744K units) and South Korea (732K units) represented the largest importers of video projectors, together achieving 45% of total imports. The United Arab Emirates (528K units), the UK (478K units), Indonesia (403K units), Belgium (379K units), India (350K units), Brazil (322K units), Thailand (308K units) and France (304K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of +14.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1B), the Netherlands ($722M) and Germany ($576M) constituted the countries with the highest levels of imports in 2022, with a combined 44% share of global imports. Japan, South Korea, France, the United Arab Emirates, the UK, India, Belgium, Indonesia, Brazil and Thailand lagged somewhat behind, together accounting for a further 24%.

Indonesia, with a CAGR of +14.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average video projector import price stood at $391 per unit in 2022, rising by 9.4% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2016 an increase of 48% against the previous year. Over the period under review, average import prices reached the maximum at $463 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($786 per unit), while Thailand ($145 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Video Projectors

In 2022, overseas shipments of video projectors increased by 4.2% to 16M units, rising for the sixth year in a row after two years of decline. In general, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.3% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 56% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, video projector exports totaled $4.9B in 2022. Over the period under review, exports, however, recorded a mild downturn. The growth pace was the most rapid in 2017 when exports increased by 21%. Over the period under review, the global exports hit record highs at $5.8B in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

China represented the main exporter of video projectors in the world, with the volume of exports accounting for 9.6M units, which was near 60% of total exports in 2022. It was distantly followed by the Netherlands (1.8M units), the Philippines (1.3M units) and Germany (0.7M units), together generating a 24% share of total exports. The United Arab Emirates (628K units) and Hong Kong SAR (253K units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to video projector exports from China stood at +5.2%. At the same time, the United Arab Emirates (+35.7%) and the Netherlands (+5.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.7% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-15.3%) and the Philippines (-21.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Philippines, the United Arab Emirates and the Netherlands increased by +8.4, +8, +3.6 and +1.7 percentage points, respectively.

In value terms, China ($2B) remains the largest video projector supplier worldwide, comprising 40% of global exports. The second position in the ranking was taken by the Netherlands ($683M), with a 14% share of global exports. It was followed by the Philippines, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in China totaled -1.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+3.1% per year) and the Philippines (-0.5% per year).

Export Prices By Country

In 2022, the average video projector export price amounted to $302 per unit, surging by 6.2% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of 7.7%. As a result, the export price attained the peak level of $554 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($504 per unit), while the United Arab Emirates ($169 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+25.9%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform