Laser Projection Market to Grow by USD 7 Bn, Driven by Better Color and Accuracy - Technavio

NEW YORK, Nov. 7, 2022 /PRNewswire/ -- The "Laser Projection Market by Product Type and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by 7 billion, accelerating at a CAGR of 17.6% during the forecast period. To estimate the size of the market, Technavio has tracked the latest trends and developments in the industrial machinery industry. Some of the factors considered to estimate the market size include ex-manufacturer sales, revenues, and commodity price fluctuations among others. Discover market potential and make informed business decisions based on qualitative and quantitative evidence highlighted exclusively in this market study. Buy Full Report Here

The market is driven by the better color and accuracy of laser light. The key visual advantage of laser projection is that laser light sources provide improved color fidelity, often known as a broader color range. Furthermore, because a laser light source is more controlled, laser projections frequently have stronger contrast than lamp-based projectors. The light emitted by a standard lamp-powered projector is unfocused and dispersed. On the contrary, lasers can produce great clarity of focus irrespective of distance. Therefore, these factors will positively impact the global laser projection market during the forecast period.

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The global laser projection market is moderately competitive with the presence of multiple global vendors, such as Sony Corp., Canon Inc., AAXA Technologies Inc., Acer Inc., and others that are constantly innovating in the home entertainment market. Although the market is consolidated, leading vendors account for the major share of the market. These major vendors are continuously competing in terms of technology. As the technology matures and barriers are gradually addressed, the relative emphasis on core technology research, product development, and manufacturing R and D changes, requiring the continuous re-assessment of the balance between these factors.

Technavio identifies the following as the major players in the market.

• Barco NV
• Canon Inc.
• Coretronic Corp.
• Dell Technologies Inc.
• Delta Electronics Inc.
• Eiki Industrial Co. Ltd.
• FARO Technologies Inc.
• Hitachi Ltd.
• Hutchinson Manufacturing
• LAP GmbH Laser Applikationen
• LG Corp.
• Panasonic Holdings Corp.
• Qisda Corp
• Ricoh Co. Ltd
• Seiko Epson Corp.
• Sharp Corp.
• Sony Group Corp
• Ushio Inc.
• ViewSonic Corp.
• Xiaomi Inc
• CASIO Computer Co. Ltd.

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Laser Projection Market Type Outlook (Revenue, USD bn, 2021-2026)

• Laser projector - size and forecast 2021-2026
• CAD laser projection - size and forecast 2021-2026

The laser projection market share growth in the laser projector segment will be significant during the forecast period. Laser projectors create light using lasers. These laser projectors are used in various sectors, such as media and entertainment, healthcare, education, and retail. 

Laser Projection Market Geography Outlook (Revenue, USD bn, 2021-2026)

• North America - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• APAC - size and forecast 2021-2026
• South America - size and forecast 2021-2026
• Middle East and Africa - size and forecast 2021-2026

39% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the laser projection market in North America. Better color and accuracy of laser projectors will facilitate the laser projection market growth in North America over the forecast period. 

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Laser Projector Market by End-user and Geography – Forecast and Analysis 2022-2026: The laser projector market size is predicted to surge to USD 5.82 billion from 2021 to 2026.

Projection-Mapping Market by Product and Geography – Forecast and Analysis 2022-2026: The projection mapping market share is expected to rise to USD 5.27 billion from 2021 to 2026.

Table of Contents:

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market Definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product Type

• 5.1 Market segments
• Exhibit 24: Chart on Product Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product Type - Market share 2021-2026 (%)

• 5.2 Comparison by Product Type 
• Exhibit 26: Chart on Comparison by Product Type
• Exhibit 27: Data Table on Comparison by Product Type

• 5.3 Laser projector - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Laser projector - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Laser projector - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Laser projector - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Laser projector - Year-over-year growth 2021-2026 (%)

• 5.4 CAD laser projection - Market size and forecast 2021-2026 
• Exhibit 32: Chart on CAD laser projection - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on CAD laser projection - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on CAD laser projection - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on CAD laser projection - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product Type 
• Exhibit 36: Market opportunity by Product Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Canada - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.12 Italy - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 7.13 Japan - Market size and forecast 2021-2026 
• Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Barco NV
• Exhibit 93: Barco NV - Overview
• Exhibit 94: Barco NV - Business segments
• Exhibit 95: Barco NV - Key offerings
• Exhibit 96: Barco NV - Segment focus

• 10.4 Canon Inc.
• Exhibit 97: Canon Inc. - Overview
• Exhibit 98: Canon Inc. - Business segments
• Exhibit 99: Canon Inc. - Key news
• Exhibit 100: Canon Inc. - Key offerings
• Exhibit 101: Canon Inc. - Segment focus

• 10.5 LG Corp.
• Exhibit 102: LG Corp. - Overview
• Exhibit 103: LG Corp. - Business segments
• Exhibit 104: LG Corp. - Key offerings
• Exhibit 105: LG Corp. - Segment focus

• 10.6 Panasonic Holdings Corp. 
• Exhibit 106: Panasonic Holdings Corp. - Overview
• Exhibit 107: Panasonic Holdings Corp. - Business segments
• Exhibit 108: Panasonic Holdings Corp. - Key news
• Exhibit 109: Panasonic Holdings Corp. - Key offerings
• Exhibit 110: Panasonic Holdings Corp. - Segment focus

• 10.7 Qisda Corp
• Exhibit 111: Qisda Corp - Overview
• Exhibit 112: Qisda Corp - Business segments
• Exhibit 113: Qisda Corp - Key offerings
• Exhibit 114: Qisda Corp - Segment focus

• 10.8 Ricoh Co. Ltd
• Exhibit 115: Ricoh Co. Ltd - Overview
• Exhibit 116: Ricoh Co. Ltd - Business segments
• Exhibit 117: Ricoh Co. Ltd - Key news
• Exhibit 118: Ricoh Co. Ltd - Key offerings
• Exhibit 119: Ricoh Co. Ltd - Segment focus

• 10.9 Seiko Epson Corp.
• Exhibit 120: Seiko Epson Corp. - Overview
• Exhibit 121: Seiko Epson Corp. - Business segments
• Exhibit 122: Seiko Epson Corp. - Key news
• Exhibit 123: Seiko Epson Corp. - Key offerings
• Exhibit 124: Seiko Epson Corp. - Segment focus

• 10.10 Sharp Corp.
• Exhibit 125: Sharp Corp. - Overview
• Exhibit 126: Sharp Corp. - Business segments
• Exhibit 127: Sharp Corp. - Key news
• Exhibit 128: Sharp Corp. - Key offerings
• Exhibit 129: Sharp Corp. - Segment focus

• 10.11 Sony Group Corp
• Exhibit 130: Sony Group Corp - Overview
• Exhibit 131: Sony Group Corp - Business segments
• Exhibit 132: Sony Group Corp - Key offerings
• Exhibit 133: Sony Group Corp - Segment focus

• 10.12 Xiaomi Inc
• Exhibit 134: Xiaomi Inc - Overview
• Exhibit 135: Xiaomi Inc - Business segments
• Exhibit 136: Xiaomi Inc - Key news
• Exhibit 137: Xiaomi Inc - Key offerings
• Exhibit 138: Xiaomi Inc - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 139: Inclusions checklist
• Exhibit 140: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 141: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 142: Research methodology
• Exhibit 143: Validation techniques employed for market sizing
• Exhibit 144: Information sources

• 11.5 List of abbreviations 
• Exhibit 145: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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