Laser Video Display Market
Laser Video Display Market Size, Share & Trends Analysis Report by Laser Type (Laser Phosphor Display (LPD), RGB Laser Projection, Diode-Pumped Solid-State (DPSS) Lasers, Direct Diode Lasers, and Laser Diode Modules), and by Application (Consumer Electronics, Automobile Industry, Media and Entertainment, Gaming and Virtual Reality (VR), and Others) Forecast Period (2024-2031)
Laser video display market is anticipated to grow at a CAGR of 26.0% during the forecast period (2024-2031). The market experiences growth and evolution owing to a combination of factors such as technological advancements, increasing demand for high-resolution displays, and investments in the entertainment and media sector. These factors collectively cater to diverse consumer and industrial needs for high-quality visual solutions, while also being influenced by government regulations, environmental sustainability, and the integration of IoT and smart technologies.
Market Dynamics
Demand for High-Quality Visual Experiences
The growth of laser projectors in residential theatres is driven by consumer desire for immersive, high-resolution visual experiences. The manufacturers tend to concentrate on developing multimedia features and superior-quality images to expand market share. For instance, in May 2024, Acer introduced the Vero HL68 Series of laser projectors for home entertainment, featuring the Acer Vero HL6810ATV smart projector with an embedded Android TV dongle. These projectors offer 4K UHD resolution, 4,000 ANSI lumens brightness, and HDR10 compatibility, with a mercury-free laser/LED hybrid light source and energy-saving efficiency.
Advancements in Laser Technologies
The market for precise measurements and spatial recognition is expanding as a result of developments in laser and LiDAR technology, that result in enhanced resolution, brightness, and image quality. For instance, in November 2023, ROHM developed the RLD90QZW8, a 120W infrared high-output laser diode for LiDAR applications. This 120W infrared laser diode is ideal for industrial equipment and consumer applications requiring distance measurement and spatial recognition. It reduces temperature dependence by 66.0%, allowing for narrower bandpass filters and extended detection range. The RLD90QZW8 achieves a uniform light intensity of 97.0% over the industry's smallest emission width of 270µm, contributing to the higher resolution.
Market Segmentation
- Based on laser type, the market is segmented into laser phosphor display (LPD), RGB laser projection, diode-pumped solid-state (DPSS) lasers, direct diode lasers, and laser diode modules.
- Based on the application, the market is segmented into consumer electronics, automobile industry, media and entertainment, gaming and virtual reality (VR), and others (education and training and medical and scientific visualization)
Media And Entertainment Holds a Considerable Market Share
Rising disposable income in emerging markets such as, India drives demand for premium entertainment experiences, with higher economic growth correlated with increased spending on recreation and stimulation initiatives. For instance, in June 2024, PVR Inox opened a 4-screen cinema in Hyderabad, India, featuring a 4K Laser Projection. The cinema expanded its presence in Hyderabad, Telangana, and South India. The 950-seat venue near Hitec City caters to tech professionals, high-rise residents, and University of Hyderabad students, featuring Dolby Atmos surround sound and a Next Gen 3D system.
Regional Outlook
The global laser video display market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Laser Video Display Market Growth by Region 2024-2031
Growing Market Demand In North America
The growing demand for high-resolution, immersive 2D and 3D viewing experiences in the US is driving the adoption of advanced screen technologies in cinemas, entertainment venues, and home theaters. In April 2024, Harkness Screens introduced its fifth-generation 2D/3D screen technology, Hugo SR. In opposition to the increasing adoption of laser projection in the cinema industry, existing 4th-generation screens are often retrofitted into laser deployments. Hugo SR, developed over five years, supports all types of laser projection, including RGB.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global laser video display market include Barco NV, Christie Digital Systems USA, Inc., Panasonic Corp., LG Electronics Inc., and Sony Corp. among others. The market players are focusing on capitalizing on growth by adopting strategies such as collaboration, partnerships, and market expansion among others. For instance, in July 2023, Epson launched the EpiqVision Ultra Laser Projector EH-LS800B, offering a 4K HDR viewing experience with up to 150 inches of bright, colorful, and sharp projection, a built-in Android TV, easy installation via Epson Setting Assistant apps, and a 20000-hour laser light source.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global laser video display market. Based on the availability of data, information related to new product launches, 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
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Industry Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Barco N.V.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Christie Digital Systems USA, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Panasonic Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Laser Video Display Market by Laser Type
4.1.1. Laser Phosphor Display (LPD)
4.1.2. RGB Laser Projection
4.1.3. Diode-Pumped Solid-State (DPSS) Lasers
4.1.4. Direct Diode Lasers
4.1.5. Laser Diode Modules
4.2. Global Laser Video Display Market by Application
4.2.1. Consumer Electronics
4.2.2. Automobile Industry
4.2.3. Media And Entertainment
4.2.4. Gaming and Virtual Reality (VR)
4.2.5. Others (Education and Training and Medical and Scientific Visualization)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Canon Inc.
6.2. Coherent Corp.
6.3. Crestron Electronics, Inc.
6.4. Delta Electronics, Inc.
6.5. Digital Projection Ltd.
6.6. Grand Field Technology Ltd.
6.7. Hitachi, Ltd.
6.8. JVCKENWOOD Corp.
6.9. Koninklijke Philips Electronics N.V.
6.10. Leyard Group
6.11. LG Electronics Inc.
6.12. Mitsubishi Electric Corp.
6.13. Optoma Corp.
6.14. Ricoh Company, Ltd.
6.15. Samsung Electronics America, Inc.
6.16. Seiko Epson Corp
6.17. Sharp Corp.
6.18. Shenzhen AOTO Electronics Co., Ltd.
6.19. Sony Corp.
6.20. Sony Semiconductor Solutions Corp.
6.21. ViewSonic Corp.
6.22. Wolf Cinema
1. Global Laser Video Display Market Research And Analysis By Laser Type, 2023-2031 ($ Million)
2. Global Laser Phosphor Video Display Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global RGB Laser Projection Video Display Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Diode-Pumped Solid-State Laser Video Display Market Research And Analysis By Region, 2023-2031 ($ Million)
5. Global Direct Diode Laser Video Display Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Laser Diode Modules Video Display Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Laser Video Display Market Research And Analysis By Application, 2023-2031 ($ Million)
8. Global Laser Video Display In Consumer Electronics Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Laser Video Display In Automobile Industry Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Laser Video Display In Media And Entertainment Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global Laser Video Display In Gaming and Virtual Reality (VR) Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Laser Video Display In Other Application Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global Laser Video Display Market Research And Analysis By Region, 2023-2031 ($ Million)
14. North American Laser Video Display Market Research And Analysis By Country, 2023-2031 ($ Million)
15. North American Laser Video Display Market Research And Analysis By Laser Type, 2023-2031 ($ Million)
16. North American Laser Video Display Market Research And Analysis By Application, 2023-2031 ($ Million)
17. European Laser Video Display Market Research And Analysis By Country, 2023-2031 ($ Million)
18. European Laser Video Display Market Research And Analysis By Laser Type, 2023-2031 ($ Million)
19. European Laser Video Display Market Research And Analysis By Application, 2023-2031 ($ Million)
20. Asia-Pacific Laser Video Display Market Research And Analysis By Country, 2023-2031 ($ Million)
21. Asia-Pacific Laser Video Display Market Research And Analysis By Laser Type, 2023-2031 ($ Million)
22. Asia-Pacific Laser Video Display Market Research And Analysis By Application, 2023-2031 ($ Million)
23. Rest Of The World Laser Video Display Market Research And Analysis By Region, 2023-2031 ($ Million)
24. Rest Of The World Laser Video Display Market Research And Analysis By Laser Type, 2023-2031 ($ Million)
25. Rest Of The World Laser Video Display Market Research And Analysis By Application, 2023-2031 ($ Million)
1. Global Laser Video Display Market Share By Laser Type, 2023 Vs 2031 (%)
2. Global Laser Phosphor Display Video Display Market Share By Region, 2023 Vs 2031 (%)
3. Global RGB Laser Projection Laser Video Display Market Share By Region, 2023 Vs 2031 (%)
4. Global Laser Diode-Pumped Solid-State Video Display Market Share By Region, 2023 Vs 2031 (%)
5. Global Direct Diode Laser Video Display Market Share By Region, 2023 Vs 2031 (%)
6. Global Laser Diode Modules Video Display Market Share By Region, 2023 Vs 2031 (%)
7. Global Laser Video Display Market Share By Application, 2023 Vs 2031 (%)
8. Global Laser Video Display In Consumer Electronics Market Share By Region, 2023 Vs 2031 (%)
9. Global Laser Video Display In Automobile Industry Market Share By Region, 2023 Vs 2031 (%)
10. Global Laser Video Display IN Gaming and Virtual Reality Market Share By Region, 2023 Vs 2031 (%)
11. Global Laser Video Display IN Other Application Market Share By Region, 2023 Vs 2031 (%)
12. Global Laser Video Display Market Share By Region, 2023 Vs 2031 (%)
13. US Laser Video Display Market Size, 2023-2031 ($ Million)
14. Canada Laser Video Display Market Size, 2023-2031 ($ Million)
15. UK Laser Video Display Market Size, 2023-2031 ($ Million)
16. France Laser Video Display Market Size, 2023-2031 ($ Million)
17. Germany Laser Video Display Market Size, 2023-2031 ($ Million)
18. Italy Laser Video Display Market Size, 2023-2031 ($ Million)
19. Spain Laser Video Display Market Size, 2023-2031 ($ Million)
20. Rest Of Europe Laser Video Display Market Size, 2023-2031 ($ Million)
21. India Laser Video Display Market Size, 2023-2031 ($ Million)
22. China Laser Video Display Market Size, 2023-2031 ($ Million)
23. Japan Laser Video Display Market Size, 2023-2031 ($ Million)
24. South Korea Laser Video Display Market Size, 2023-2031 ($ Million)
25. Rest Of Asia-Pacific Laser Video Display Market Size, 2023-2031 ($ Million)
26. Latin America Laser Video Display Market Size, 2023-2031 ($ Million)
27. Middle East And Africa Laser Video Display Market Size, 2023-2031 ($ Million)
