Laser Projection System Market Report: Trends, Forecast and Competitive Analysis to 2030

Laser Projection System Trends and Forecast

The future of the global laser projection system market looks promising with opportunities in the composite, aerospace and defense, automotive heavy equipment, logistics, shipbuilding energy, construction rigging, medical, steel industry, wind industry, and railway markets. The global laser projection system market is expected to reach an estimated $2 billion by 2030 with a CAGR of 13.2% from 2024 to 2030. The major drivers for this market are increasing need for laser projection technology across a variety of sectors, as well as, laser projectors are utilized in a variety of applications based on the brightness and picture quality requirements.

A more than 150-page report is developed to help in your business decisions.

Laser Projection System by Segment

The study includes a forecast for the global laser projection system by type, component, application, end use, and region.

Laser Projection System Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• CAD Laser Projector Systems
• Laser Projector

Laser Projection System Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Laser Projection System Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Composite Lay-Ups
• Interior Assembly
• Welding
• Guided Assembly
• Prefabricated Construction
• Picking and Assembly
• Component Recognition
• System Evaluation

Laser Projection System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Composite
• Aerospace and Defense
• Automotive Heavy Equipment
• Logistics
• Shipbuilding Energy
• Construction Rigging
• Medical
• Steel Industry
• Wind Industry
• Railway

Laser Projection System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Laser Projection System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies laser projection system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the laser projection system companies profiled in this report include-

• FARO
• MET OPTIX
• Aligned Vision
• Virtek Vision International
• Z-LASER
• SL-Laser
• Hutchinson

Laser Projection System Market Insights

Lucintel forecasts that CAD laser projector system will remain the larger segment over the forecast period due to strong demand for CAD laser projector systems from the manufacturing, engineering, and construction industries.

APAC will remain the largest region over the forecast period due to increasing demand for high-quality entertainment experiences.

Features of the Global Laser Projection System Market

Market Size Estimates: Laser projection system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Laser projection system market size by various segments, such as by type, component, application, end use, and region in terms of value ($B).

Regional Analysis: Laser projection system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, component, application, end use, and regions for the laser projection system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the laser projection system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the laser projection system market size?

Answer: The global laser projection system market is expected to reach an estimated $2 billion by 2030.

Q2. What is the growth forecast for laser projection system market?

Answer: The global laser projection system market is expected to grow with a CAGR of 13.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the laser projection system market?

Answer: The major drivers for this market are increasing need for laser projection technology across a variety of sectors, as well as, laser projectors are utilized in a variety of applications based on the brightness and picture quality requirements.

Q4. What are the major segments for laser projection system market?

Answer: The future of the global laser projection system market looks promising with opportunities in the composite, aerospace and defense, automotive heavy equipment, logistics, shipbuilding energy, construction rigging, medical, steel industry, wind industry, and railway markets.

Q5. Who are the key laser projection system market companies?

Answer: Some of the key laser projection system companies are as follows:

• FARO
• MET OPTIX
• Aligned Vision
• Virtek Vision International
• Z-LASER
• SL-Laser
• Hutchinson

Q6. Which laser projection system market segment will be the largest in future?

Answer: Lucintel forecasts that CAD laser projector system will remain the larger segment over the forecast period due to strong demand for CAD laser projector systems from the manufacturing, engineering, and construction industries.

Q7. In laser projection system market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to increasing demand for high-quality entertainment experiences.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the laser projection system market by type (CAD laser projector systems and laser projector), component (hardware, software, and services), application (composite lay-ups, interior assembly, welding, guided assembly, prefabricated construction, picking and assembly, component recognition, and system evaluation), end use (composite, aerospace and defense, automotive heavy equipment, logistics, shipbuilding energy, construction rigging, medical, steel industry, wind industry, and railway), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?