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Projector Market Value to Climb
Futuresource Proves Accuracy of its Forecasting
26 July 2016 - Despite the numerous and varied factors impacting the projector market, Futuresource continues to predict the development of volume sales with supreme accuracy. In Q1 2014, Futuresource forecasted that the global projector market in 2015 was set to hit 7.6 million units – the actual number was 7.67 million units – a difference of just -0.9% 'year-on-year'. Regional-level predictions were also highly precise – Americas' results were just -0.3% out, APAC -2.4% and EMEA only 0.8%.
Claire Kerrison, Senior Market Analyst, Professional Displays at Futuresource Consulting stated, "Despite the debate surrounding the impact of Euro 2016 in EMEA and macro-economic/political issues across several key markets, Futuresource's CYQ1 2016 forecasts were out by just 3.8% as the market hit 1.73 million units – a tad greater than the 1.67 million units predicted a year earlier. The forecast accuracy can be attributed to careful consideration, on a country level, of numerous market influencers."
In calculating its forecasts, Futuresource analyses: penetration rates, development of competing display technologies (of which Futuresource has several well-established trackers), mobile PC tenders, government spend, economic outlook and market seasonality – as well as more macro factors such as advances in projection technology.
Futuresource has forecasted global projector volumes sales to fall by around 20% from 2015 to 2020. However, market value is expected to move in the opposite direction and is set to experience double-digit growth over the same period. This value will be driven by greater adoption of solid state solutions (which will retain their premium over lamp-based equivalents), replacement demand of digital cinema models and erosion of the bottom-end of the market. Given the Futuresource history of correctly predicting how the projector market will develop, the notion that value will grow as volumes decline can almost be considered a fact.
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Futuresource Consulting is a specialist research and knowledge-based consulting company, providing organisations with insight into consumer electronics, digital imaging, entertainment media, broadcast, storage media, education technology and IT. With a heritage stretching back to the 1980s, the company delivers in-depth analysis and forecasts on a global scale, advising on strategic positioning, market trends, competitive forces and technological developments. www.futuresource-consulting.com
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