Laser Projection Market
Global Laser Projection Market Size, Share & Trends Analysis Report by Illumination Type (Laser Phosphor, RGB Laser, Laser Diode, and Hybrid Illumination), by Resolution (WUXGA, WQXGA, and 2K, WXGA &XGA, 4K, and HD and Full HD), by End-Users (Education, Enterprises, Media and Entertainment, Retail, and Others) and Forecast 2020-2026 Update Available - Forecast 2024-2030
The global laser projection market is growing at a significant CAGR of around 17.2% during the forecast period (2020-2026). Laser projection signifies graphics and animations that are displayed on projection surfaces using a laser display. Rising demand for laser projection in several applications is a key trend reported in the market. For instance, laser projection is becoming a widely adopted technology in cinemas owing to its precision color accuracy and stability as well as huge life and maintenance benefit. There are several pivotal factors that are driving the growth of the market, including rising trend for digital learning solutions in the developed and emerging economies, such as Japan and India. Moreover, the rising digitalization in retail sector, with the introduction and marketing of products through laser projectors in shopping malls, is further contributing to the growth of the market across the globe.
The media and entertainment sector are continuously evolving with the opening of new theatres and shopping malls. For instance, in July 2019, Cinionic declared the strengthening of their strategic relationship with Omniplex Cinemas, Ireland’s largest multiplex cinema chain, to upgrade an additional 29 theatres with Cinionic’s Laser as a Service (LaaS) solution. This results in more than 40 upgraded laser locations for the chain. With LaaS, Omniplex Cinemas, and Cinionic will offer an elevated, consistent, and laser-driven movie-going experience for audiences across Ireland. However, in 2020, laser projection technology was adversely affected amid the COVID-19 pandemic due to the negative impact on end-user operations. Most of the multiplexes, offline retail stores, and public places were temporarily closed due to the government lockdown restriction to limit the spread of the COVID-19.
Segmental Outlook
The laser projection market is classified on the basis of illumination type, resolution, and end-users. Based on the illumination type, the market is segmented into laser phosphor, RGB laser, laser diode, and hybrid illumination. Based on the resolution, the market is segmented into WUXGA, WQXGA, and 2K, WXGA &XGA, 4K, HD, and Full HD. Based on end-users, the market is classified into education, enterprises, media and entertainment, retail, and others (public places and industrial).
Global Laser Projection Market Share by Illumination Type, 2019 (%)
RGB laser projection holds a considerable share in the laser projection market
RGB laser is expected to project a considerable CAGR in the laser projection market during the forecast period. RGB laser projection technology utilizes individual red, blue, and green lasers to produce light, which generates the most dynamic color available. These lasers push the boundaries of image uniformity, color reproduction, operational lifetime, and brightness, which represents the pinnacle of illumination technology of projectors. RGB laser offers the most expanded color gamut of any projection technology. This, in turn, enhances perceived brightness and further increases the visual experience of the audience.
Regional Outlook
The global laser projection market is classified on the basis of geography, which includes North America, Europe, Asia-Pacific, and Rest of the World. North America holds a significant share in the global laser projection market. In North America, the US holds over 85.0% share in the North American laser projection market throughout the forecast period. The growth of the region is backed by the considerable adoption of laser projection in universities and educational institutions in the region, especially in the US.
Global Laser Projection Market Growth, by Region 2020-2026
Asia-Pacific is expected to propel with a considerable growth rate in the global market
Asia-Pacific laser projection market is estimated to witness a considerable CAGR during the forecast period. The major economies that are contributing to the regional market growth includes China, Japan, and India. Among these economies, China contributes over 30.0% in the Asia-Pacific laser projection market. The key factors offering growth to the market in Asia-Pacific includes the rising adoption of laser projection technology in cinemas and expansion of the retail sector in the region. For instance, in October 2020, Christie declared that Suning Cinema has installed its RGB laser cinema projectors for all auditoriums in its new multiplex in Xi’an, Shaanxi province, China. Moreover, the presence of local market players in China and Japan, offering laser projectors at relatively lower cost are further contributing to the growth of the market in the region. Furthermore, the rising trend for digital learning in the emerging nations of the region, such as India, will further support the market growth during the forecast period.
Market Players Outlook
The key players in the laser projection market are contributing significantly by providing advanced technology-based products and through expanding their geographical presence across the globe. The key players operating in the global laser projection market include Barco NV, NEC Corp., Panasonic Corp., Sony Corp., and Seiko Epson Corp. These market players adopt various strategies such as product launch, partnerships, collaborations, merger, and acquisitions to sustain a strong position in the market. For instance, in June 2020, Panasonic declared multiple series of projectors for use in the educational and business space and for greater immersion in live entertainment.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global laser projection market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where' in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Barco NV
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. NEC Corp.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Panasonic Corp.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Sony Corp.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Seiko Epson Corp
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Laser Projection Market by Illumination Type
5.1.1. Laser Phosphor
5.1.2. RGB Laser
5.1.3. Laser Diode
5.1.4. Hybrid Illumination
5.2. Global Laser Projection Market by Resolution
5.2.1. WXGA & XGA
5.2.2. WUXGA, WQXGA, and 2K
5.2.3. 4K
5.2.4. HD and Full HD
5.3. Global Laser Projection Market by End-Users
5.3.1. Education
5.3.2. Enterprises
5.3.3. Media & Entertainment
5.3.4. Retail
5.3.5. Others (Public Places and Industrial)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. ASUSTeK Computer Inc.
7.2. BenQ Corp.
7.3. Canon Inc.
7.4. Casio Computer Co., Ltd.
7.5. Christie Digital Systems, Inc.
7.6. Dell Inc.
7.7. Delta Lasers Technology Ltd.
7.8. Eiki International, Inc.
7.9. FARO Technologies, Inc.
7.10. Hangzhou Gaoke Industry & Trade Co., Ltd.
7.11. Hitachi, Ltd.
7.12. LG Electronics Inc.
7.13. Maxell Corp.
7.14. Optoma (Coretronic Group)
7.15. RGB Laser System
7.16. The Ricoh Company, Ltd.
7.17. VAVA
7.18. ViewSonic Corp.
7.19. Xiaomi Group
7.20. Z-LASER GmbH
1. GLOBAL LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY ILLUMINATION TYPE, 2019-2026 ($ MILLION)
2. GLOBAL LASER PHOSPHOR MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL RGB LASER MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL LASER DIODE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL HYBRID ILLUMINATION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY RESOLUTION, 2019-2026 ($ MILLION)
7. GLOBAL WXGA & XGA LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL WUXGA, WQXGA, AND 2K LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL 4K LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL HD AND FULL HD LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2019-2026 ($ MILLION)
12. GLOBAL LASER PROJECTION IN ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL LASER PROJECTION IN EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL LASER PROJECTION IN MEDIA & ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL LASER PROJECTION IN RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
16. GLOBAL LASER PROJECTION OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
17. GLOBAL LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
18. NORTH AMERICAN LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
19. NORTH AMERICAN LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY ILLUMINATION TYPE, 2019-2026 ($ MILLION)
20. NORTH AMERICAN LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY RESOLUTION, 2019-2026 ($ MILLION)
21. NORTH AMERICAN LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2019-2026 ($ MILLION)
22. EUROPEAN LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
23. EUROPEAN LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY ILLUMINATION TYPE, 2019-2026 ($ MILLION)
24. EUROPEAN LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY RESOLUTION, 2019-2026 ($ MILLION)
25. EUROPEAN LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2019-2026 ($ MILLION)
26. ASIA-PACIFIC LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
27. ASIA-PACIFIC LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY ILLUMINATION TYPE, 2019-2026 ($ MILLION)
28. ASIA-PACIFIC LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY RESOLUTION, 2019-2026 ($ MILLION)
29. ASIA-PACIFIC LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2019-2026 ($ MILLION)
30. REST OF THE WORLD LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY ILLUMINATION TYPE, 2019-2026 ($ MILLION)
31. REST OF THE WORLD LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY RESOLUTION, 2019-2026 ($ MILLION)
32. REST OF THE WORLD LASER PROJECTION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2019-2026 ($ MILLION)
1. GLOBAL LASER PROJECTION MARKET SHARE BY ILLUMINATION TYPE, 2019 VS 2026 (%)
2. GLOBAL LASER PROJECTION MARKET SHARE BY RESOLUTION, 2019 VS 2026 (%)
3. GLOBAL LASER PROJECTION MARKET SHARE BY END-USERS, 2019 VS 2026 (%)
4. GLOBAL LASER PROJECTION MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. US LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
6. CANADA LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
7. UK LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
8. FRANCE LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
9. GERMANY LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
10. ITALY LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
11. SPAIN LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
12. ROE LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
13. INDIA LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
14. CHINA LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
15. JAPAN LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF ASIA-PACIFIC LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
17. REST OF THE WORLD LASER PROJECTION MARKET SIZE, 2019-2026 ($ MILLION)
