The US laser projection market is projected to witness CAGR of around 14.5%, during the forecast period. The major factors contributing to the growth of the market include the rising sales of laser projectors in retail and education sector, backed by the rising digitalization across these sectors in the country. Moreover, the presence of huge number of large enterprises in the US, increases the demand for laser projection in meetings in enterprises, which in turn, is contributing to the growth of the market in the country. However, there are certain factors that may impede the market growth during the forecast period, such as the high installation cost of laser projectors and the outbreak of COVID-19 pandemic in the US in 2020. 

The US 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). Among these end-users, the retail and education segments will project a considerable CAGR in the laser projection market during the forecast period. 

The US laser projection market is influenced by product development and advancements conducted by the market players. The key players of the laser projection market include Barco NV, NEC Corp., Panasonic Corp., Sony Corp., Hitachi Ltd., Canon Inc., and Seiko Epson Corp. These players are playing a significant role in the growth of the laser projection market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.

RESEARCH METHODOLOGY

The market study of the US laser projection market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. The US Laser Projection Market Research and Analysis by Illumination Type
2. The US Laser Projection Market Research and Analysis by Resolution
3. The US Laser Projection Market Research and Analysis by End-Users

The Report covers:

• Comprehensive research methodology of the US laser projection market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US laser projection market.
• Insights about market determinants which are stimulating the US market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.