After an extremely difficult few years, elements of the front projection market are on the mend, with the large venue and installation segment now on track to make a full recovery. That’s according to the latest quarterly tracking report from Futuresource Consulting, which reveals that the segment will surpass pre-pandemic levels by the end of 2022.
“The large venue and installation segment is powering through a growth curve,” says Freddie Mossop, Market Analyst, Futuresource Consulting. “In Q2, both volume and value were up year-on-year, and it pushed through the half-a-billion dollar barrier, overtaking mainstream B2B to become the most valuable segment.”
“Our projections indicate that this segment will continue to display positive growth signs throughout the forecast period, out to 2026,” says Mossop. “This is being driven by a new emergence of immersive art installations, as well as a general forward trend for high-brightness and laser projection technologies, particularly in more developed markets. The general willingness to invest in these high-value projectors shows confidence within the sector, indicating longevity and presenting future opportunities for vendors.”
In the regions, developing markets in APAC are currently experiencing a strong recovery. India and Indonesia have overtaken developed markets in terms of overall units sold, with India’s volumes rising by almost 90% year-on-year. However, that comparison is with a difficult Q2 2021, when India was suffering from an intense COVID outbreak. In MEA, the UAE commanded top position, as well as achieving third place in the wider EMEA region.
Despite the positive movements within large venue and installation, and across some developing countries, Futuresource does not expect the overall front projector market to return to its pre-pandemic volume and value levels. Even the added buoyancy in the home market, generated by the World Cup this year and the 2024 Olympics, won’t give the overall market the boost it needs. However, there are still lucrative opportunities available within a number of segments, regions and verticals.
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