As per the Verified Market Research study in February 2024, the global laser projection market size was valued at US$ 10.53 billion in 2023 and is projected to reach US$26.72 billion by 2030, growing at a CAGR of 19.20 percent during the forecast period from 2024 to 2030. In the Asia-Pacific region, the market size is witnessing significant growth, especially in countries like India, China, Japan and South Korea. One of the primary reasons for this growth in demand is the wide acceptance of home entertainment systems which are fast becoming a part of smart living for consumers.
Considering the significant surge in demand for projectors in India, many international brands are now focusing on the sub-continent. This includes global tech giants like Formovie, which forayed into India last year and is already making a major impact in the landscape of home entertainment with its wide array of products.
The wide acceptance of Formovie projectors within a short time can be attributed to the technical finesse and innovative technologies like the Advanced Laser Phosphor Display (ALPD) that its products offer. The projector lineup from the company includes Formovie V10 projectors, S5 projectors, and R1 projectors, which are truly budget-friendly options with all the luxury elements such as high-quality visuals and sound that can enhance the home entertainment experience to the next level.
Priced at Rs 1,60,000, the Formovie V10 projector is a perfect blend of luxury and innovation. The key features of the projector include its sleek and stylish design, ALPD display and Dolby Vision which bring movies and games to life with stunning clarity and vibrant colours. With a resolution of 3840 x 2160 pixels and an immersive sound, the Formovie V10 creates a larger-than-life cinematic experience right in the comfort of your home.
Meanwhile, the Formovie S5 projector, which utilises ALPD laser technology, can provide high-quality visuals with a brightness of 1100 ANSI lumens. It can also ensure clear and vivid images even in well-lit environments with a Full HD resolution of 1920 x 1080 pixels along with support for 4K decoding for high-quality visuals. The S5 projector is priced at Rs 69,999, making it one of the most preferred options among consumers.
Another notable product from Formovie is the R1, a high-end ultra-short throw laser projector that offers excellent picture quality and a rich sound experience. It offers a 4K resolution with HDR10 content support, that ensures outstanding image quality. Formovie R1 utilises laser light source technology and provides a high contrast ratio for deep blacks and bright whites, thereby enhancing the overall viewing experience. Its multiple input options like HDMI, USB, and wireless connectivity also help in better integration with various devices. This feature-packed projector is priced at an all-inclusive price of Rs.1,30,000.
All Formovie projectors are available on www.formovie.in, Amazon and other major online stores.
