Laser Projection Market – Global industry analysis and forecast
Global Laser Projection Market is expected to reach US$ Bn by 2026 at a CAGR of % during the forecast period.
Growing demand for RGB laser projectors in cinema and rising demand for high-brightness projectors are driving the laser projection market during the forecast year. Also, Increase in demand for digital cinema screens in various countries drives the laser projection market growth. However, the High initial cost of laser projectors is restrained for the growth of the laser projection market.
The laser projection market by type is divided into a laser projector and CAD laser projection system. Laser Projection market for laser projector is expected to reach a high growth rate during the forecast year due to its low maintenance cost and less power consumption. The laser projector provides a high picture quality.
Based on the Illumination type, the Laser Projection market is segmented by laser phosphor, hybrid, RGB laser, and a laser diode. Laser Projection market for laser phosphor is estimated to grow at high CAGR during forecast year thanks to long lifetime and low maintenance cost. The laser phosphor projector has an estimated lifetime of 30000 hours. Laser phosphor projector is used in such applications as hospitality events, museums, education, government departments, large venues, and cinema hall.
Laser Projection market with applications is segmented by the enterprise, public places, and cinema, education, and retail, medical and industrial applications. Enterprise is expected to grow the laser projection market with a high rate of CAGR. Public administrations and government sectors use laser projectors for the need for supplementary information at meetings. Laser projectors are widely used for presentations with high-quality images required for graphs, bar charts for efficient understanding. By using laser projectors, business professionals can project concise data with charts and figures in a digital format, which expects a clear picture of the presentation.
Region-wise, Asia-Pacific is expected to witness high growth in the laser projection market. Increasing demand for laser projection for education and cinema segments by countries such as India and China are driving the laser projection market during the forecast year.
The objective of the report is to present a comprehensive analysis of the Global Laser Projection Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Laser Projection Market dynamics, structure by analyzing the market segments and project the Global Laser Projection Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Laser Projection Market make the report investor’s guide.
The scope of the Laser Projection Market:
Laser Projection Market, By Type
• Laser projector
• CAD laser projector
Laser Projection Market, By Illumination type
• Laser phosphor
• RGB laser
• Laser diode
Laser Projection Market, By Applications
• Public places
Laser Projection Market, By Region
• North America
• Latin America
Key Players of the Laser Projection Market
• NEC Display Solutions
• Delta Electronics
• Ricoh Company
• Hutchinson Manufacturing Inc.
• Xiaomi corp.
• View sonic
• Christie digital system
• Hitachi digital,
Author Signature :
Name: Lumawant Godage