Global Laser Projection Systems Market, Trends & Growth Opportunity, By Type (CAD Laser Projector System, Laser Projector), By Illumination Type (RGB Laser, Laser Diode, Laser Phosphor, Hybrid, Others), By Resolution (HD, Full HD, 4K), By End-Use (Media & Entertainment, Education, Others), By Region and Forecast till 2030.
Global Laser Projection Systems Market
The Global Laser Projection Systems Market was valued at USD 920.16 Mn in 2022 and is expected to expand to USD 2202.92 Mn by 2030 at a CAGR of 11.45% during the forecast period of 2023-2030.
The term "laser projection" refers to the display of animations and images using a laser display on projection surfaces. A laser projector is a machine that uses shifting laser beams to create moving images on a screen for recreational or business purposes. It comprises a housing that includes galvanometer scanners, mirrors, lasers, and other optical parts. A laser projector may have a single laser light source for projections in a single color or three sources for projections in full RGB (red, green, and blue) color. Lasers may produce projected images that are brighter and have more vibrant hues.
Market Drivers
The market growth rate is being positively impacted by the rising demand for laser projection technology across numerous industries. Wide-ranging advantages of laser projectors include their ease of operation at low temperatures and little cooling requirements. Also, compared to lamp-based projectors, laser projectors provide several advantages, including longer life, high brightness, high contrast, and clearer images.
The growing popularity of laser phosphor-based projectors, which are employed in a variety of venues including boardrooms, classrooms, places of worship, museums, and entertainment, is another important factor propelling the market.
Market Restraints
The main restraint to the growth of the laser projection systems market is the high cost associated with it. Due to the most recent advancements, laser projectors and laser projection systems are more expensive. However, when compared to a lamp projector, a laser projector's advantages over its lifetime are clear.
Market Segmentation
The global laser projection systems market is segmented by types, such as CAD laser projector systems and laser projectors. Based on illumination type, the market is segmented into RGB laser, laser diode, laser phosphor, hybrid, and others. Based on the resolution, the market is segmented into HD, Full HD, and 4K). Further, the market is segmented by end-use, such as media & entertainment, education, and others.
Regional Analysis
The laser projection systems market is expected to be dominated by the Asia-Pacific region during the forecast period. The market for laser projection will be propelled by expanding demand from nations like India and China in the education and entertainment sectors.
On the other hand, the prevalence of modern infrastructure and the presence of significant players in the region will strengthen the progress of North America in the worldwide market share.
Key Players
LG Electronics, Faro, Laserglow Technologies, Panasonic Corporation, Sony Corporation, Carter Products Company Inc, Virtek Vision International ULC, Assyst Bullmer, Canon Inc, Hutchinson Manufacturing, Z-Laser GmbH, LAP GmbH Laser Applications, Aligned Vision, Seiko Epson Corporation, Delta Electronics, Xiaomi Inc, BenQ Corporation, Barco NV, Optoma Corporation.
Market Taxonomy
By Type
• CAD Laser Projector System
• Laser Projector
• RGB Laser
• Laser Diode
• Laser Phosphor
• Hybrid
• Others
By Resolution
• HD
• Full HD
• 4K
By End-Use
• Media & Entertainment
• Education
• Others
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Laser Projection Systems Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Laser Projection Systems Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Laser Projection Systems Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Laser Projection Systems Market Share Analysis, By Type
5.3 Global Laser Projection Systems Market Size and Forecast, By Type
5.3.1 CAD Laser Projector System
5.3.2 Laser Projector
6 Global Laser Projection Systems Market, By Illumination Type
6.1 Y-o-Y Growth Comparison, By Illumination Type
6.2 Global Laser Projection Systems Market Share Analysis, By Illumination Type
6.3 Global Laser Projection Systems Market Size and Forecast, By Illumination Type
6.3.1 RGB Laser
6.3.2 Laser Diode
6.3.3 Laser Phosphor
6.3.4 Hybrid
6.3.5 Others
7 Global Laser Projection Systems Market, By Resolution
7.1 Y-o-Y Growth Comparison, By Resolution
7.2 Global Laser Projection Systems Market Share Analysis, By Resolution
7.3 Global Laser Projection Systems Market Size and Forecast, By Resolution
7.3.1 HD
7.3.2 Full HD
7.3.3 4K
8 Global Laser Projection Systems Market, By End-Use
8.1 Y-o-Y Growth Comparison, By End-Use
8.2 Global Laser Projection Systems Market Share Analysis, By End-Use
8.3 Global Laser Projection Systems Market Size and Forecast, By End-Use
8.3.1 Media & Entertainment
8.3.2 Education
8.3.3 Others
9 Global Laser Projection Systems Market, By Region
9.1 Global Laser Projection Systems Market Share Analysis, By Region
9.2 Global Laser Projection Systems Market Size and Forecast, By Region
10 North America Laser Projection Systems Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Laser Projection Systems Market Share Analysis, By Type
10.3 North America Laser Projection Systems Market Size and Forecast, By Illumination Type
10.4 North America Laser Projection Systems Market Size and Forecast, By Resolution
10.5 North America Laser Projection Systems Market Size and Forecast, By End-Use
10.6 North America Laser Projection Systems Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Laser Projection Systems Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Laser Projection Systems Market Share Analysis, By Type
11.3 Europe Laser Projection Systems Market Size and Forecast, By Illumination Type
11.4 Europe Laser Projection Systems Market Size and Forecast, By Resolution
11.5 Europe Laser Projection Systems Market Size and Forecast, By End-Use
11.6 Europe Laser Projection Systems Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Laser Projection Systems Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Laser Projection Systems Market Share Analysis, By Type
12.3 Asia Pacific Laser Projection Systems Market Size and Forecast, By Illumination Type
12.4 Asia Pacific Laser Projection Systems Market Size and Forecast, By Resolution
12.5 Asia Pacific Laser Projection Systems Market Size and Forecast, By End-Use
12.6 Asia Pacific Laser Projection Systems Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia
13 Latin America Laser Projection Systems Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Laser Projection Systems Market Share Analysis, By Type
13.3 Latin America Laser Projection Systems Market Size and Forecast, By Illumination Type
13.4 Latin America Laser Projection Systems Market Size and Forecast, By Resolution
13.5 Latin America Laser Projection Systems Market Size and Forecast, By End-Use
13.6 Latin America Laser Projection Systems Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Laser Projection Systems Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Laser Projection Systems Market Share Analysis, By Type
14.3 Middle East Laser Projection Systems Market Size and Forecast, By Illumination Type
14.4 Middle East Laser Projection Systems Market Size and Forecast, By Resolution
14.5 Middle East Laser Projection Systems Market Size and Forecast, By End-Use
14.6 Middle East Laser Projection Systems Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market Share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 LG Electronics
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Faro
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Laserglow Technologies
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Panasonic Corporation
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Sony Corporation
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Carter Products Company Inc
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Virtek Vision International ULC
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Assyst Bullmer
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Canon Inc
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Hutchinson Manufacturing
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
16.11 Z-Laser GmbH
16.11.1 Overview
16.11.2 Offerings
16.11.3 Key Financials
16.11.4 Business Segment & Geographic Overview
16.11.5 Key Market Developments
16.11.6 Key Strategies
16.12 LAP GmbH Laser Applications
16.12.1 Overview
16.12.2 Offerings
16.12.3 Key Financials
16.12.4 Business Segment & Geographic Overview
16.12.5 Key Market Developments
16.12.6 Key Strategies
16.13 Aligned Vision
16.13.1 Overview
16.13.2 Offerings
16.13.3 Key Financials
16.13.4 Business Segment & Geographic Overview
16.13.5 Key Market Developments
16.13.6 Key Strategies
16.14 Seiko Epson Corporation
16.14.1 Overview
16.14.2 Offerings
16.14.3 Key Financials
16.14.4 Business Segment & Geographic Overview
16.14.5 Key Market Developments
16.14.6 Key Strategies
16.15 Delta Electronics
16.15.1 Overview
16.15.2 Offerings
16.15.3 Key Financials
16.15.4 Business Segment & Geographic Overview
16.15.5 Key Market Developments
16.15.6 Key Strategies
16.16 Xiaomi Inc
16.16.1 Overview
16.16.2 Offerings
16.16.3 Key Financials
16.16.4 Business Segment & Geographic Overview
16.16.5 Key Market Developments
16.16.6 Key Strategies
16.17 BenQ Corporation
16.17.1 Overview
16.17.2 Offerings
16.17.3 Key Financials
16.17.4 Business Segment & Geographic Overview
16.17.5 Key Market Developments
16.17.6 Key Strategies
16.18 Barco NV
16.18.1 Overview
16.18.2 Offerings
16.18.3 Key Financials
16.18.4 Business Segment & Geographic Overview
16.18.5 Key Market Developments
16.18.6 Key Strategies
16.19 Optoma Corporation
16.19.1 Overview
16.19.2 Offerings
16.19.3 Key Financials
16.19.4 Business Segment & Geographic Overview
16.19.5 Key Market Developments
16.19.6 Key Strategies
