The laser projection market was valued at USD 3.15 billion in 2017 and is expected to reach USD 10.53 billion by 2023, at a CAGR of 18.2% during the forecast period. The base year considered for the study is 2017, and the forecast period considered is 2018–2023.
The objective of the report is to provide a detailed analysis of the market based on product type, illumination type, resolution, vertical, and region. The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their rankings and core competencies in the laser projection market, and details the competitive landscape for market leaders.
Laser projection market for cinema to grow at highest CAGR between 2018 and 2023
The market for cinema is expected to grow at the highest CAGR during the forecast period. The cinema vertical is expected to create ample opportunities for players in the laser projection market. The increasing number of cinema screens across the world and advancements in projection technology with less maintenance cost provide opportunities for the laser projector market growth. Barco is one of the major companies offering high-brightness laser projectors for cinema applications.
Panasonic Corporation (Japan), Sony Corporation (Japan), Seiko Epson Corporation (Japan), Barco NV (Belgium), NEC Display Solutions (Japan), BenQ Corporation (Taiwan), Casio Computer Co., Ltd. (Japan), Optoma Corporation (Taiwan), The Ricoh Company, Ltd. (Japan), and Delta Electronics Industry Co., Ltd. (Taiwan) are the major players in the laser projection market. The report also includes the profiles of companies such as Canon Inc. (Japan), Christie Digital Systems (US), Digital Projection (UK), Dell (US), FARO Technologies, Inc. (US), Hitachi Digital Media Group (UK), LAP GmbH Laser Applikationen (Germany), ViewSonic Corporation (US), and Xiaomi Inc. (China).