Report

The Singapore projector market is projected to grow at a CAGR of 5.60% between 2025 and 2034.

Singapore Projector Market Growth

The projector demand is primed for significant growth as a result of the rapid integration of advanced technology in the education and corporate sectors, evolving consumer demand for home entertainment and short-view capabilities, and the increasing desire for interactive and immersive experiences. 2D and 3D projectors are expected to witness significant growth over the forecast period, growing at a CAGR of 5.0% and 6.1% respectively. In June 2024, Optoma Technology, Inc. launched AZU517ST- a short-throw laser projector equipped with superior resolution, color accuracy, and high brightness which is apt for business meetings, screen golf gaming, and entertainment purposes.

Moreover, there is a surging demand for smart projectors with efficient internet connection, integration with app streaming services, voice control, wireless features, and built-in speakers. The rising popularity of gaming and e-sports in Singapore is another factor driving market expansion for projectors. For example, gamers seek high resolution, low latency support, versatile functionality, user-friendly interface, and seamless integration with artificial intelligence (AI) and virtual reality (VR) technologies.

As per Singapore projector market analysis, there is a growing awareness and demand from consumers for environment-friendly products. This has led many projector manufacturers to adopt eco-friendly practices and use sustainable materials in all their products to reduce carbon emissions and differentiate themselves from competitors in the market. For instance, in January 2024, Panasonic Corporation introduced the LCD MZ882 Series with a brightness of 8,200 lm. It is the most sustainable projector by the company to date which boasts high visual quality in classrooms and workplaces while upholding cost performance.

Key Trends and Recent Developments

Increasing demand for home theatres, rising exports, growing preference for portable projectors, and the digitisation of the ed-tech industry are accelerating the Singapore projector market value.

March 2024

Epson, a leading supplier of projectors in Singapore, launched a new home projector, the Epson EpiqVision Ultra EH-LS650B in the country. It featured 4K PRO-UHD picture quality, suitable for watching movies, TV shows and gaming, a 3-chip 3LCD technology delivering 3,600 lumens of equal colour and white brightness producing crisp images, enhanced audio options, and smart TV capabilities.

January 2024

Yaber, a leading projector brand in Singapore launched its ultra-short throw laser projector, K300, at Pepcom and CES 2024. The projector offered triple laser technology and projected up to 150 inches of display, winning both the CES Innovation Award and IFA media awards.

September 2023

Epson announced eight new additions to its business projector series, designed to meet the needs of both the corporate and education sectors. The newly introduced products aimed to provide high-quality video conferencing and implementation of learning tools enhancing the productivity of training sessions. Additionally, the projectors had a brightness display range of 4,000 to 4,600 lumens, facilitating projections across common backdrops or blank surfaces without the need to prepare a separate display area.

July 2021

Ben Q, a Taiwan-based leading projector brand launched the GV30 smart LED Mini Projector in Singapore featuring 2.1-channel Bluetooth audio speakers and a 135-degree projection angle for a 100" big screen. The projector also contained an in-built Android TV offering an immersive cinematic experience to users.

Demand for Home Theaters Propelling the Growth of the Singapore Projector Market

The rising disposable income of Singapore's population is increasing the purchase of luxury and modern homes in the country. Most of these homes are equipped with in-built entertainment systems housing large-screen projectors for an immersive theatre experience. Projectors in Singaporean households are rapidly becoming a viable alternative to expensive large-screen televisions, leading to their increased demand in the residential sectors.

Rising Exports Leading to an Increase in Singapore Projector Market Revenue

Singapore is one of the leading exporters of projectors in the Asia Pacific region, a major share of which is held by Southeast Asian economies such as Vietnam, Thailand, Malaysia, and Indonesia. Together they accounted for over 94% of Singapore's total image projector exports in 2021. Considering their proximity to the country and the development of shipping infrastructure in the region, these exports are further expected to rise, increasing the overall revenue of the Singapore projector market.

Corporate and Recreational Outings Fuelling the Demand for Portable Projectors

Portable projectors are increasingly being preferred by the outgoing population of Singapore, be it for recreational or business purposes. These projectors can easily be carried across locations owing to their lightweight and compact design, saving the costs of logistics and transportation. Further, key market players have been working on enhancing the quality of portable projectors to bring them at par with regular projectors, thereby increasing their overall sales in the country.

Digitisation of the Edtech Sector Creating New Singapore Projector Market Opportunities

With the digitisation of the education sector, online lessons and smart classes have become a growing trend in Singapore, raising the demand for classroom projectors. Research has shown that audio-visual learning is increasing the capacity of students to grasp things faster and retain them for a longer time. UNESCO claimed that Singapore invested heavily in public education during 2021, spending around USD 16,150 annually on each student from primary to higher education. A further growth of investment in quality education coupled with the rising demand for digitised learning is expected to propel the overall consumption of classroom projectors in the country.

Singapore Projector Industry Segmentation

"Singapore Projector Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

- Home Theatre Projector
- Business Projector
- Portable Projector

Market Breakup by Technology

- DLP
- LCD
- LCOD

Market Breakup by Dimension

- 2D
- 3D

Market Breakup by Lumen

- Below 500
- 500-3000
- Above 3000

Market Breakup by Resolution

- VGA
- XGA
- HD
- FHD

Market Breakup by Application

- Consumer Electronics
- Corporate Offices
- Business
- Education
- Others

Market Breakup by Distribution Channel

- Hypermarkets/Supermarkets
- Speciality Stores
- Online Channels
- Others

Singapore Projector Market Share

On the basis of application, the market is primarily segmented into consumer electronics, corporate offices, business, and education. Business and education sectors hold a dominant position in terms of market share as offices and classrooms are being made immersive and interactive through smart projectors, and whiteboards to enhance visual engagement, accommodate diverse learning styles, and improve collaboration and communication. For instance, LG ProBeam BU50NST offers 4K HD resolution, 5000 ANSI Lumens, and wireless connectivity, making it suitable for business and education purposes.

Leading Companies in Singapore Projector Market

The market players are continuously developing new battery technologies to meet consumer demands.

- Optoma Technology, Inc.
- Sony Group Corporation
- LG Corporation
- Hitachi Ltd.
- Grand Field Technology Limited
- BenQ Corporation
- Seiko Epson Corporation
- Acer Inc.
- Panasonic Corporation
- Koninklijke Philips N.V.
- Others