Laser Projector Market To Reach $ 8.32 Valuation


New York, United States, June 23, 2021 (GLOBE NEWSWIRE) – Market Snapshot:
According to a comprehensive research report from Market Research Future (MRFR), “Global Laser Projector Market – Information by Lighting Type, Resolution and Region – Forecast to 2025” the market was valued at $ 2.93 billion in 2018; it is expected to reach USD 8.32 billion by 2025 with a CAGR of 16.37%.

Market scope:
As manufacturing sectors continue to move towards increased automation, improvements in software and automation solutions are being leveraged to meet training needs. In addition, the shortage of skilled labor, limits on working hours and rising labor costs are encouraging manufacturing companies around the world to add training in quality control and tolerances. .

Hence, the market share of laser projectors is expected to increase further during the forecast period. The growing commercial demand for advanced compact size laser projectors is increasing the size of the market. In addition, rapid technological advancements and emerging needs for smaller factory footprints, along with increasing space constraints, are increasing the revenue of the laser projector market.

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The Major Key Players in the Covered Laser Projectors Market are:

  • Sony Corporation (Japan)
  • Panasonic Corporation (Japan)
  • Seiko Epson Corporation (Japan)
  • NEC Display Solutions (US)
  • Barco (Belgium)
  • BenQ America Corp. (Taiwan)
  • Xiaomi (China)
  • LG Electronics (South Korea)
  • Delta Electronics Inc. (Taiwan)
  • Ricoh (Japan)
  • Optoma (Taiwan)
  • Canon Inc. (Japan)
  • Dell (United States)
  • Christie Digital Systems USA Inc. (United States)
  • LAP GmbH (Germany)
  • FARO Technologies Inc. (United States)
  • CASIO Computer Co. Ltd. (Japan)
  • Digital Projection Inc. (United States)
  • ViewSonic Corporation (United States)
  • VAVA (United States)
  • Production Resource Group LLC (United States)
  • Eiki International Inc. (United States)
  • Kvant Lasers SRO (Slovakia)
  • Hitachi Digital Media Group (England)

Browse the In-Depth (111 pages) Laser Projector Market Research Report:

The USP market exclusively encompassed:
Market factors
The outlook for the laser projector market looks extremely promising. The market is largely driven by the increasing uses of these projectors in the media and entertainment industries. The laser projector industry has always been subject to technological upgrades, and further advancements are believed to come to meet increasing customer demands for efficiency gains.

The rapid advancements in technology over the past few years have led most of the educational institutions to switch to virtual and e-learning methodologies, significantly boosting the growth of the laser projector market. Moreover, the intensive use of laser projectors in education and healthcare industries positively influences the growth of the market.

Even during the COVID-19 crises, the laser projector market revenues have remained robust and reassuring. The laser projector market is extremely dynamic and constantly changing compared to the pre-pandemic era. The ability to respond to market changes would become more important than ever in post-pandemic times.

The lockdown challenges brought on by the pandemic have fostered many trends in the laser projector market, including production trends such as robotics, networked machines, and analytics. There is a vast demand for new technologies, which will allow the laser projector market to grow steadily over the next few years.

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Market segmentation covered by research:
The laser projector market analysis is segmented into lighting type, resolution, vertical, and region. The lighting type segment is sub-segmented into phosphor laser, hybrid, RGB laser, diode laser and others.

The resolution segment is sub-segmented into XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), 4K (4096 x 2160 pixels), HD (1920 x 1080 pixels) and others. The vertica segment is sub-segmented into retail, media and entertainment, healthcare, education, industrial and others. The regional segment is sub-segmented into the Americas, Europe, APAC and the rest of the world.

Regional analysis
The Asia-Pacific region dominates the global laser projector market, witnessing the rapid adoption in stadiums, amusement parks and public places. In addition, advancements in laser projection technologies such as 4K and 8K are accelerating the growth of the market.

North America acquires the second best position in terms of market value of laser projectors. The growing market demand attributes to the adoption of laser projectors in schools and universities to enhance the learning experience.

Europe is also showing a positive growth rate towards adoption of laser projectors. The increasing fields of application and the integration of the laser projector with the current manufacturing environment is propelling the growth of the regional market. In addition, the strong presence of large manufacturers, such as Barco and Hitachi Digital Media Group, acts as a key tailwind for regional market growth.


Industry trends
One of the advantages of laser projectors over other projectors is moderate brightness and excellent color, which is driving the growth of the market. The demand for modern and compact laser projector variants is constantly increasing. In addition, the increasing demand for low maintenance projectors in end user vertical markets is increasing the market value of laser projectors.

On the other hand, the high initial cost of laser projectors which can provide high brightness and operational challenges, such as excellent color quality, pixel density, low-end models of laser projectors, are some challenges that the laser projector market is witnessing. Nonetheless, industry players are responding to these challenges with their technical expertise and industry experience, which would support the development of the market throughout the review period.

Associated reports:
Global Laser Processing Market Research Report: Information by Product (Gas Lasers, Solid Lasers, Fiber Lasers, and Others), Laser Type (Fixed Beam, Moving Beam, and Hybrid Beam), Application (Cutting, Marking , welding, drilling, engraving, additive Manufacturing and others), end user (automotive, aerospace and defense, manufacturing, semiconductor and electronics, medicine and life sciences, packaging, oil and gas and others) and region (North America North, Europe, Asia-Pacific and rest of the world) – Forecast until 2027

Interactive Projector Market Information by Display Type (DLP, LCD, LCoS), Type (Ultra-Short Throw, Short Throw), Resolution (XGA, Wide XGA, HD, Wide UXGA), Dimension (2D, 3D) , Application (Education, Health, Media and Advertising) – Global Forecast to 2027

Pico Projectors Market, By Component (Light Source, Lighting System, Projection Lens), By Type (Integrated Pico Projectors, Non-Integrated Pico Projectors), By Technology (DLP, LCOS), By Specification and By Application – 2027 Forecast

Global Laser Trackers Market Research Report, By Component (Hardware, Software, Service), Function (Quality Control & Inspection, Alignment, Reverse Engineering), Vertical (Automotive, Aerospace & Defense, Architecture & Construction, Energy and electricity) – Forecast until 2027

About Market Research Future:
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