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

The laser projector market size is predicted to surge to USD 5.82 billion from 2021 to 2026 and the market's growth momentum will accelerate 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. The laser projector market report 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.

This report further entails laser projector market segmentations, including:

• End-user - Media and entertainment, healthcare, education, retail, and others
• Geography - APAC, North America, Europe, MEA, and South America

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

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"In October 2019, Hyundai Motor, which is based in South Korea, announced an investment of $35 billion in its future mobility technology project. Under this project, the company will develop and introduce autonomous vehicles and electric cars. The company is expected to launch 23 battery electric vehicles by 2025."

Laser Projector Market: Key Drivers, Trends, 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 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. These factors will drive the laser projector market growth during the forecast period.

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. Such factors will hamper the laser projector market growth during the forecast period.

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.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laser projector market during the forecast period.

Market Overview

The parent global IT spending market covers revenue generated from the sales and subscription of IT services, communications services, cloud services, IT hardware, and IT software. 

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

 

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.

Laser Projector Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the laser projector market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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. Dolby, Christie, Barco, and IMAX, as well as entertainment giant Disney, have resorted to laser technology to transform the 3D viewing experience. They are able to produce significantly brighter images with a wider color gamut and a greater contrast ratio by using laser projectors. Hence, this segment is expected to grow 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., Dell Technologies Inc., Hitachi Ltd., Panasonic Corp., Ricoh Co. Ltd., Seiko Epson Corp., Sharp NEC Display Solutions Ltd., Sony Group Corp., and Christie Digital Systems Canada Inc.
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 forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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