The final report will add the analysis of the Impact of Covid-19 in this report Global Laser Projector Market.

Market Synopsis

The global laser projector market was valued at USD 2.93 billion in 2018; it is expected to reach USD 8.32 billion by the end of the forecast period with a compond annual growth rate (CAGR) of 16.37%.

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Laser projectors are solid-state illumination devices that use lasers to generate light and create a spontaneous emission of forming an image on the screen. These projectors offer longer-lasting brightness, lower maintenance, and improved color and contrast over lamp-based projectors. Due to their efficiency and durability, these devices are replacing lamp-based projectors in various applications across commercial, residential, and industrial spaces. Since these devices do not require lamps, they can be easily turned on or off which saves the time required for cooling. Moreover, these devices come with an approximate life of 20,000 hours which is suitable for heavy use and all-day use.

Several factors affect the growth of the global laser projector market. Increasing adoption of laser projection technology for applications in various industry verticals coupled with low maintenance costs of laser projectors is fuelling the growth of the global market. In addition to this, rising demand for RGB laser projectors from the media and entertainment industry is expected to create growth opportunities in the market. However, the growth of the market is expected to be restrained by several factors such as high initial cost of laser projectors that provide higher lumen and operational challenges, such as pixel density and color quality, in low-end models of laser projectors.

Key Developments

In August 2019, NEC Display Solutions Europe launched its latest series of LCD laser projectors that feature a sealed optical engine. The PA703UL laser projector is a low maintenance projector that provides reliable, high-performance projection and is suitable for applications in university auditoriums, corporate conferencing rooms, museums, amusement parks, and digital signage.
In August 2019, Epson Malaysia launched the Epson EF-100B and EF-100W, one of the world’s smallest 3LCD laser projectors. These projectors are capable of projecting footage of up to 150 inches in size with up to 2000 lumens of brightness.
In August 2019, Christie launched a new projector to its existing CineLife Series—the Christie CP2309-RGB projector. The projector features RealLaser illumination technology and delivers images over 8500 lumens and 2000:1 contrast ratio.
In April 2019, Nebra introduced a pico-laser projector—the Nebra AnyBeam. The Nebra AnyBeam is tiny, efficient, and affordable laser projector built on Raspberry Pi and is capable of creating sharp images up to 150 inches in size.
Segmentation

The global laser projector market has been segmented on the basis of illumination type, resolution, vertical, and region.

By illumination type, the global laser projector market has been segmented into laser phosphor, hybrid, RGB laser, laser diode, and others.

By resolution, the global laser projector market has been segmented into XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), HD (1920 x 1080 pixels), 4K (4096 x 2160 pixels), and others.

Based on vertical, the global laser projector market has been segmented into retail, media & entertainment, healthcare, education, industrial, and others.

By region, the global laser projector market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.

Regional Analysis

The global market for laser projectors is estimated to grow at a staggering rate during the forecast period from 2019 to 2025. The geographic analysis of the laser projector market has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.

As per MRFR analysis, the Asia-Pacific region is estimated to dominate the global laser projector market, followed by North America, Europe, and the rest of the world. The demand for laser projectors in stadiums, amusement parks, and public places in Japan, China, and South Korea has attributed to the growth of laser projector market in this region. Moreover, technological advancements such as 4K and 8K laser projection have also accelerated the demand for laser projectors. On the other hand, North America is expected to witness the fastest growth due to the increasing consumer awareness regarding high-brightness laser projectors. In addition to this, the adoption of laser projectors in schools and universities to enhance the learning experience has contributed to the growth of laser projectors in this region.

Global Laser Projector Market, USD Billion

Source: MRFR Analysis

Competitive Landscape

The manufacturers in the global laser projector market are primarily focused toward integrating state-of-the-art technologies in their portfolio of laser projectors to stay relevant in the market. To accomplish this, the companies invest a prominent share of their revenues in research & development activities. These companies focus on manufacturing laser projectors that would suffice the need for every industry vertical and therefore, create a dynamic customer base. Moreover, as a part of their market development strategy, these companies focus on inorganic growth approaches such as acquisitions, partnerships, joint ventures, and collaborations to expand their geographic presence and gain a competitive advantage in the global laser projector market.

Key Players

MRFR has identified a few companies as prominent players in the global laser projector market. These include Panasonic Corporation (Japan), Sony Corporation (Japan), Seiko Epson Corporation (Japan), Barco (Belgium), NEC Display Solutions (US), BenQ America Corp. (Taiwan), LG Electronics (South Korea), Xiaomi (China), Delta Electronics, Inc. (Taiwan), Optoma (Taiwan), Ricoh (Japan), Canon Inc. (Japan), Christie Digital Systems USA, Inc. (US), Dell (US), and Hitachi Digital Media Group (England). These companies are analyzed on the basis of their geographic presence, origin, product portfolio, key developments, and expertise in laser projection technology. Apart from the above-mentioned players, FARO Technologies, Inc. (US), LAP GmbH (Germany), CASIO COMPUTER CO., LTD. (Japan), ViewSonic Corporation (US), Digital Projection, Inc. (US), VAVA (US), Eiki International, Inc. (US), Production Resource Group LLC (US), and Kvant Lasers SRO (Slovakia) too have a significant presence in the global laser projector market.

Intended Audience

Raw Material and Manufacturing Equipment Suppliers
Integrated Device Manufacturers (IDMs)
Product and Accessory Manufacturers and Suppliers
Research Organizations and Consultancies
Government and Regulating Authorities Related to Laser Projection Technology
Organizations, Forums and Alliance
Analysts, Technology Experts, and Strategic Business Planners
End Users
DC

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