Cinema Application to provide opportunities for Laser Projection Market


Posted February 13, 2019 by poojapatange

Laser Projection Market by Product Type (Laser Projector and CAD Laser Projection System), Illumination Type (Laser Phosphor, Hybrid, RGB Laser, Laser Diode), Vertical (Enterprise, Public Places, Cinema, Education), and Geography

 
The laser projection market is estimated to be worth USD 4.57 billion in 2018 and is expected to reach USD 10.53 billion by 2023, at a CAGR of 18.2% between 2018 and 2023. The growth of this market can be attributed to the growing demand for RGB laser projectors in cinema and rising demand for high-brightness projectors.

This report segments the laser projection market by product type, illumination type, resolution, vertical, and region. The market, by product type, has been segmented into laser projector and CAD laser projection system. The market for laser projector is expected to grow at the highest CAGR between 2018 and 2023.

Demand for laser projectors is increasing owing to their low maintenance cost, less power consumption, and high picture quality. Demand for high-brightness laser projectors in cinema and the increasing number of digital cinema screens in many countries drive the adoption of laser projectors. Major companies offering laser projectors are Epson (Japan), Barco (Belgium), Panasonic (Japan), Sony (Japan), and NEC Display Solutions (Japan), among others.

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.

Speak To Analyst:-
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=197811567

APAC is expected to dominate the laser projection market. APAC is the leading 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 market growth during the forecast period due to increasing consumer awareness about high-brightness laser projectors, increased government spending from emerging economies on the education sector, and the development of the education sector to provide smart education to students. Also, the increasing number of cinema screens and rising penetration of laser projectors in cinema drive the growth of the market.

High initial cost of laser projectors for higher lumen restrains the growth of the market.

Key players in this market include Panasonic (Japan), Sony (Japan), Epson (Japan), Barco (Belgium), NEC Display Solutions (Japan), BenQ (Taiwan), Casio (Japan), Optoma (US), Delta Electronics (Taiwan), and Ricoh Company (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Puuja
Country India
Categories Electronics , Entertainment , Technology
Tags laser projection market
Last Updated February 13, 2019