PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1007966
PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1007966
Global Laser Projection Market Size, Share & Trends Analysis Report by Illumination Type (Laser Phosphor, RGB Laser, Laser Diode, and Hybrid Illumination), by Resolution (WUXGA, WQXGA, and 2K, WXGA &XGA, 4K, and HD and Full HD), by End-Users (Education, Enterprises, Media and Entertainment, Retail, and Others) and Forecast 2020-2026
The global laser projection market is projected to witness CAGR of around 17.2% during the forecast period. The major factors contributing to the growth of the market include the rising trend for digital learning and the increasing deployment of laser projection in retail sector across the globe. However, the outbreak of COVID-19 pandemic will certainly hamper the global sales of laser projection in 2020. The 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.
Geographically, the global laser projection market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to contribute a significant share in the global market. The US dominates the North American laser projection market with a market share of over 85.0% in 2019. The country has marked itself as the one of the largest consumers of advanced electronic devices, including laser projectors in enterprises, educational institutions, and shopping malls. In addition, Asia-Pacific is expected to project a considerable growth during the forecast period. The presence of some of the key market players in the region, such as Sony Corp., Panasonic Corp., and Hitachi Ltd., is augmenting the market growth in the region.
The global 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., 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.
The market study of the global 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:
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:
The Report covers: