Laser Projector Market Size to Grow by USD 5.82 Billion: End-user and Growth Segment Analysis
The Laser Projector Market size has the potential to grow up to USD 5.82 billion during 2021-2026, and the market’s growth momentum will be decelerating at a CAGR of 16.81%.
Technavio's research report extensively covers market segmentation by End-user (media and entertainment, healthcare, education, retail, and others) and Geography (APAC, North America, Europe, MEA, and South America). The laser projector market report also offers information on several market vendors, including Barco NV, Canon Inc., Christie Digital Systems Canada Inc., Dell Technologies Inc., Hitachi Ltd., Panasonic Corp., Ricoh Co. Ltd., Seiko Epson Corp., Sharp NEC Display Solutions Ltd., and Sony Group Corp. among others.
Laser Projector Market Research Analysis Report: View the Sample Report
Laser Projector Market: Top Drivers to Impact Market Growth
- One of the key factors driving the growth of the laser projector market is their ability to offer better color and accuracy. Aside from the colors themselves, laser projectors provide higher brightness uniformity and lesser brightness drop over the projector's lifetime as compared to projection lamp rivals.
- In addition, as the light source in laser projectors is more controlled, they provide better contrast than lamp-based projectors. These projectors produce higher quality light as compared to other projectors where light tends to be unfocused and dispersed.
39% of the market growth is expected to originate from APAC during the forecast period with China, Japan, and South Korea (Republic of Korea) being the key markets. The increase in the demand for laser projectors from the regional industrial, automotive, and aerospace defense sectors will facilitate the laser projector market growth in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.
- Market growth in the media and entertainment segment will be significant during the forecast period as this is a rapidly growing end-user segment.
Laser Projector Market: Report Highlights:
- CAGR of the market during the forecast period
- Detailed information on factors that will Laser Projector Market growth during the next five years
- Precise estimation of the Laser Projector Market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the Laser Projector Market industry across
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of Laser Projector Market vendors
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will be decelerating at a CAGR of 16.81%.
- What is the incremental growth of the market?
The market is expected to grow up to USD 5.82 billion during 2021-2026.
- What is a key factor driving this market?
Better color and accuracy will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, North America, Europe, MEA, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market?
39% growth will originate from APAC.
- Who are the leading market vendors?
The leading vendors in this market are Barco NV, Canon Inc., Christie Digital Systems Canada Inc., Dell Technologies Inc., Hitachi Ltd., Panasonic Corp., Ricoh Co. Ltd., Seiko Epson Corp., Sharp NEC Display Solutions Ltd., and Sony Group Corp.
- What are the market segments covered in this report?
The market is segmented by End-user (media and entertainment, healthcare, education, retail, and others) and Geography (APAC, North America, Europe, MEA, and South America).