Global Laser Projector Market Scope
The global Laser Projector Market is expected to reach USD 8.32 billion by the end of the forecast period with a compound annual growth rate (CAGR) of 16.37%. It was valued at USD 2.93 billion in 2018. These laser projectors are having various benefits like lower maintenance, long-lasting brightness, fast and stable projection with a high repetition rate, optimized for 2D and 3D objects, improved color, and contrast compared to lamp-based projectors. Hence these are replaced the lamp-based projectors in various applications like commercial, industrial, and residential spaces for their better efficiency, and durability. These projectors can be easily turned off because it does not contains the lamp in it. Apart, these are suitable for heavy use and all-day use applications for their significant approximate life of 20,000 hours.
The adoption of laser projectors by universities, movie theaters, and home owners owing to their low maintenance can drive the market demand. Rising demand for RGB laser projectors can be opportune for market leaders. Recently, Optoma launched the CinemaX P2 ultra short throw laser projector for delivering images in ultra high-definition (UHD) format. It can also be controlled using a mobile application and compatible with voice assistants such as Google Assistant and Amazon Alexa.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/8339
Laser projectors are illumination devices able to project an image on the screen. The advantages of low maintenance, long brightness, and durability are likely to induce its demand among enterprises and corporations. The global laser projector market report by Market Research Future (MRFR) takes a deeper look at the industry and forecasts its developments from 2018 to 2023 (assessment period). The COVID-19 outbreak and its impact on production are analyzed in detail.
The COVID-19 pandemic has dampened the demand for laser projectors as governments globally declared shutdowns of large businesses and gathering of crowds. It has also halted the demand in the manufacturing sector. However, the ease of lockdown rules and reopening of amusement parks and entertainment venues can drive the demand for laser projectors.
Segmentation
The global laser projector market has been segmented on the basis of illumination type, resolution, and vertical.
By illumination type, the global laser projector market has been segmented into laser phosphor, hybrid, RGB laser, laser diode, and others.
By resolution, the global laser projector market has been segmented into XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), HD (1920 x 1080 pixels), 4K (4096 x 2160 pixels), and others.
Based on vertical, the global laser projector market has been segmented into retail, media & entertainment, healthcare, education, industrial, and others. The education vertical is expected to capture a large share of the global laser projector market share owing to its requirement in universities and places of higher learning for imparting knowledge to students.
Regional Analysis
By region, the global laser projector market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Central & South America.
The APAC region is estimated to dominate the global laser projector market, followed by North America, Europe, and the rest of the world. The demand for laser projectors in stadiums, amusement parks, and public places in China, Japan, and South Korea has attributed to the growth of laser projector market in this region. Moreover, technological advancements such as 4K and 8K quality laser projectors have expedited market demand. Developments in projections and image quality by manufacturers can induce heavy demand for laser projectors.
On the other hand, North America is expected to witness the fastest growth due to the increasing consumer awareness regarding high-brightness laser projectors. In addition to this, the adoption of laser projectors in schools and universities to enhance the learning experience has contributed to the growth of laser projectors in this region.
Competitive Outlook
Sony Corporation, LG Electronics, Ricoh, Canon Inc., Panasonic Corporation, Seiko Epson Corporation, Optoma, Barco, Dell, NEC Display Solutions, BenQ America Corp., Christie Digital Systems USA, Inc., Delta Electronics, Inc., Xiaomi, and Hitachi Digital Media Group are key players of the global laser projector market.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/laser-projector-market-8339
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
No comments:
Post a Comment