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.
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The research methodology used to estimate and forecast the laser projection market begins with capturing data on key vendor revenues through secondary research. Secondary sources used for this research study include government sources, corporate filings (such as annual reports, investor presentations, and financial statements), company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). The bottom-up procedure was employed to arrive at the market estimates by analyzing revenues of major companies generated from different technologies, combining the revenues obtained to get the market estimates, and validating them based on laser projector shipment data.
The bottom-up approach also included analyzing laser projectors installed in various verticals, such as enterprise, education, cinema, and public places, considering the shipment of laser projectors. It was followed by multiplying the average selling price (ASP) of a laser projector with the number of units to calculate the market size, in terms of value. After arriving at the overall market size, the total market was split into several segments and subsegments, which were verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
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APAC expected to hold major share of laser projection market during 2018–2023
Asia Pacific is expected to hold the largest share of the laser projection market during the forecast period. In APAC, China is expected to be the major contributor to the laser projection market between 2018 and 2023. APAC is the leading laser projection market for education and cinema segments, with major demand driven by countries such as China and India. APAC is expected to provide ample opportunities for the laser projection market growth during the forecast period.
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).
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