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Laser Projection Market by Product Type, Illumination Type, Vertical And Geography - Global Forecast to 2023

Laser Projection Market: Global Forecast until 2023

  • July 2018
  • 146 pages
  • ID: 5474778
In this report:
The laser projection market for WUXGA, WQXGA, and ##K resolution was valued at USD ##,##.## million in 2017 and is expected to reach USD ##,##.## million by 2023, grow at a CAGR of ##.##% during the forecast period.
The shipment of laser projectors is expected to grow from ##.## thousand units in 2017 to ##,##.## thousand units by 2023, at a CAGR of ##.##% between 2018 and 2023.

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Laser projection market to grow at a CAGR (Compound annual growth rate) of 18.20 percent between 2018 and 2023

The laser projection market is anticipated to be worth ~$4.6B in 2018 and is projected to extend ~$10.5B by 2023, at a compound annual growth rate (CAGR) of 18.20 percent between 2018 and 2023. Significant advantages of laser projectors over traditional lamp projectors, growing adoption of laser projection technology for different applications, and less maintenance cost are some of the driving factors for the increase ot the laser projection market. Nevertheless, high initial cost of laser projectors for higher lumen restrains the increase of the laser projection market.

Market for laser phosphor projector to grow at topmost cagr during forecast horizon

The sector for laser phosphor projector is anticipated to rise at the highest CAGR (Compound annual growth rate) between 2018 and 2023.Laser phosphor projectors have different advantages over lamp-based projectors; some of these are longer lifespan, reduced downtime, and lower maintenance costs.

The long life and low maintenance of laser phosphor projectors make them ideal for high-use settings, including boardrooms, classrooms, houses of worship, museums, and location-based entertainment venues. Also, there is an rising adoption of RGB laser projectors, especially in the large-screen professional cinema application.

Enterprise to hold most important share of laser projection market in 2018

The enterprise vertical is anticipated to hold the biggest share of the laser projection market in 2018.Laser projectors are widely used in conference rooms, boardrooms, executive briefing rooms or meeting rooms, and government offices, among others.

Public organizations and government bodies use laser projectors for briefing and providing people ancillary information at meetings. Companies need laser projectors in training rooms, conference rooms, meeting rooms, etc., to offer information to employees.

Laser projection market in Asia-Pacific to grow at topmost cagr during projection period

The laser projection market in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) between 2018 and 2023.Asia-Pacific is the leading laser projection market for education and cinema segments, with main demand driven by countries including China (CN) and India (IN).

Increasing number of cinema screens and growing penetration of laser projectors in cinema; rising spending on consumer electronics; and the introduction of low-cost projectors in China (CN) drive the laser projection market.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with people holding main positions across different regions.

The breakup of the profiles of primary members taking part is presented below:

• By Company category: Tier 1 - 40.0 percent, Tier 2 - 36.0 percent, and Tier 3 - 24.0 percent

• By Description: C-suite executives - 42.0 percent, Directors - 32.0 percent, and Others - 26.0 percent

• By Area: North America continent - 32.0 percent, Europe (EU) - 17.0 percent, Asia-Pac - 43.0 percent, and rest of the world - 8.0 percent

Top actors operating in the laser projection market and profiled in this business report are Panasonic (PCRFY), Sony (TYO:6758), Seiko Epson Corporation, Barco NV, NEC Display Solutions, BenQ Corporation, Casio Computer Co., Limited, Delta Electronics Industry Co., Limited, Optoma Corporation, and Ricoh Company, Limited. The analysis also comprises the profiles of companies including Canon Inc., Christie Digital Systems, Digital Projection, Dell, FARO Technologies, Incorporated, Hitachi Digital Media Group, LAP GmbH Laser Applikationen, LG, ViewSonic Corporation, and Xiaomi Inc..

Segment Research

The market research defines, depicts, and forecasts the laser projection market based on product type, illumination type, resolution, vertical, and territory.It offers exhaustive information concerning top factors (drivers, industry restraints, possibilities, and market-specific challenges) influencing the rise of the laser projection market.

It also analyzes competitive developments including product launches and advancements; and collaborations/strategic agreements/contracts/alliances carried out by top players to accomplish increase in the industry.

Reasons to Buy This Report:

• Illustrative segmentation, review, and estimate pertaining to the laser projection market established on product class, illumination type, resolution, vertical, and area have been conducted to provide an global view of the market.

• Major drivers, market restraints, alternatives, and opportunities pertaining to the laser projection market have been precised in this industry report.

• A in-depth competitive landscape of main actors in the sector, together with their revenues, has been included.

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