Laser Projector Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71897
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The laser projector market share is expected to increase by USD 5.82 billion from 2021 to 2026 at a CAGR of 16.81%.

This laser projector market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers laser projector market segmentation by end-user (media and entertainment, healthcare, education, retail, and others) and geography (APAC, North America, Europe, MEA, and South America). The laser projector market report also offers information on several market vendors, including Barco NV, Canon Inc., Christie Digital Systems Canada Inc., Dell Technologies Inc., Hitachi Ltd., Panasonic Corp., Ricoh Co. Ltd., Seiko Epson Corp., Sharp NEC Display Solutions Ltd., and Sony Group Corp. among others.

What will the Laser Projector Market Size be During the Forecast Period?

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Laser Projector Market: Key Drivers and Challenges

The better color and accuracy is notably driving the laser projector market growth, although factors such as high projector rental fees may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laser projector industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Laser Projector Market Driver

One of the key factors driving growth in the laser projector market is better color and accuracy. Aside from the colors themselves, laser projectors provide higher brightness uniformity and lesser brightness drop over the projector's lifetime when compared to projection lamp rivals. Furthermore, because a laser light source is more controlled, laser projectors frequently have stronger contrast than lamp-based projectors. Laser projectors produce higher quality light compared to other projectors. The light emitted by a standard lamp-powered projector is unfocused and dispersed.

Key Laser Projector Market Challenge

The high projector rental fees will be a major challenge for the laser projector market during the forecast period. Planning to rent high-brightness, true-color projectors from outside suppliers for events or off-site meetings is a common budget problem. Renting projection technology can often be expensive, especially for large-scale events that require huge floor displays. Hiring a vendor to develop media content raises the costs even further. Renting out the equipment for less frequent events or on-site meetings may appear to be more efficient, but the cost and dependability may pose a greater issue than some of the other aspects of the event.

This laser projector market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Laser Projector Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Barco NV
  • Canon Inc.
  • Christie Digital Systems Canada Inc.
  • Dell Technologies Inc.
  • Hitachi Ltd.
  • Panasonic Corp.
  • Ricoh Co. Ltd.
  • Seiko Epson Corp.
  • Sharp NEC Display Solutions Ltd.
  • Sony Group Corp.

 

This statistical study of the laser projector market encompasses successful business strategies deployed by the key vendors. The laser projector market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The laser projector market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Laser Projector Market?

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39% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for laser projectors in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The increase in the demand for laser projectors from the regional industrial, automotive, and aerospace defense sectors will facilitate the laser projector market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Laser Projector Market?

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The laser projector market share growth by the media and entertainment segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the laser projector market size and actionable market insights on post COVID-19 impact on each segment.

 

Laser Projector Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 16.81%

Market growth 2022-2026

$ 5.82 billion

Market structure

Fragmented

YoY growth (%)

18.97

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Barco NV, Canon Inc., Christie Digital Systems Canada Inc., Dell Technologies Inc., Hitachi Ltd., Panasonic Corp., Ricoh Co. Ltd., Seiko Epson Corp., Sharp NEC Display Solutions Ltd., and Sony Group Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Laser Projector Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive laser projector market growth during the next five years
  • Precise estimation of the laser projector market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the laser projector industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of laser projector market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Media and entertainment - Market size and forecast 2021-2026
    • Healthcare - Market size and forecast 2021-2026
    • Education - Market size and forecast 2021-2026
    • Retail - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Barco NV
      • Canon Inc.
      • Christie Digital Systems Canada Inc.
      • Dell Technologies Inc.
      • Hitachi Ltd.
      • Panasonic Corp.
      • Ricoh Co. Ltd.
      • Seiko Epson Corp.
      • Sharp NEC Display Solutions Ltd.
      • Sony Group Corp.

      Appendix

      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The laser projector market growth will increase by $5828.14 million during 2021-2026.
      The laser projector market is expected to grow at a CAGR of 16.81% during 2021-2026.
      Technavio has segmented the laser projector market by end user (Media and entertainment, Healthcare, Education, Retail, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
      Barco NV, Canon Inc., Christie Digital Systems Canada Inc., Dell Technologies Inc., Hitachi Ltd., Panasonic Corp., Ricoh Co. Ltd., Seiko Epson Corp., Sharp NEC Display Solutions Ltd., Sony Group Corp. are a few of the key vendors in the laser projector market.
      APAC will register the highest growth rate of 38.83% among the other regions. Therefore, the laser projector market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Japan
      • Germany
      • South Korea (Republic of Korea)
      The key factors driving the laser projector market growth are:
      • Better color and accuracy
      The laser projector market vendors should focus on grabbing business opportunities from the media and entertainment segment as it accounted for the largest market share in the base year.
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