According to the research report on "Laser Projection Market
by Product Type (Laser Projector and CAD Laser Projection System),
Illumination Type (Laser Phosphor, Hybrid, RGB Laser, Laser Diode),
Vertical (Enterprise, Public Places, Cinema, Education), and Geography -
Global Forecast to 2023", the laser projection market, the
overall market is estimated to be worth USD 4.57 billion in 2018 and
is expected to reach USD 10.53 billion by 2023, at a CAGR of 18.2%
between 2018 and 2023. Significant advantages of laser projectors over
traditional lamp projectors and increasing adoption of laser projection
technology for various applications are the major drivers for the
growth of the laser projection market.
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Browse 63 market data Tables and 53 Figures spread through 145 Pages and in-depth TOC on "Laser Projection Market"
Laser phosphor projector expected to hold major market share during forecast period
Laser phosphor projector is expected to lead the
market in 2018. The long life and low maintenance of laser phosphor
projectors make them ideal for high-use settings, such as boardrooms,
classrooms, houses of worship, museums, and location-based entertainment
venues. A major benefit of using laser phosphor is reduced total cost
of ownership (TCO). The increasing adoption of laser phosphor-based
projectors for various applications is expected to drive the market
during the forecast period.
Laser projection market for cinema to grow at highest CAGR between 2018 and 2023
The market for cinema is expected to grow at the
highest CAGR during the forecast period. The cinema vertical is expected
to create ample opportunities for players in the laser projection
market. The increasing number of cinema screens across the world and
advancements in projection technology with less maintenance cost provide
opportunities for the laser projector market growth. Barco is one of
the major companies offering high-brightness laser projectors for cinema
applications.
APAC expected to hold major share of laser projection market during 2018–2023
Asia Pacific is expected to hold the largest share of
the laser projection market during the forecast period. In APAC, China
is expected to be the major contributor to the laser projection market
between 2018 and 2023. APAC is the leading laser projection market for
education and cinema segments, with major demand driven by countries
such as China and India. APAC is expected to provide ample opportunities
for the laser projection market growth during the forecast period.
Panasonic Corporation (Japan), Sony Corporation
(Japan), Seiko Epson Corporation (Japan), Barco NV (Belgium), NEC
Display Solutions (Japan), BenQ Corporation (Taiwan), Casio Computer
Co., Ltd. (Japan), Optoma Corporation (Taiwan), The Ricoh Company, Ltd.
(Japan), and Delta Electronics Industry Co., Ltd. (Taiwan) are the major
players in the laser projection market. The report also includes the
profiles of companies such as Canon Inc. (Japan), Christie Digital
Systems (US), Digital Projection (UK), Dell (US), FARO Technologies,
Inc. (US), Hitachi Digital Media Group (UK), LAP GmbH Laser
Applikationen (Germany), ViewSonic Corporation (US), and Xiaomi Inc.
(China).
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