European laser projection market is projected to grow at a significant CAGR of around 13.9% during the forecast period (2020-2026). There are several pivotal factors that are driving growth of the laser projection market in the region includes the continuous expansion of laser projection in the media and entertainment sector. The deployment of laser projection in museums, cinema theaters, is increasing at a constant rate in Europe, which in turn, is increasing the demand for laser projection in the region. Moreover, the presence of huge number of market players, such as Barco NV and Delta Lasers Technology Ltd., is further supporting the growth of the market in the region.
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There are several recent developments in the laser projection market in Europe. For instance, in July 2019, Cinionic declared the strengthening of their strategic relationship with Omniplex Cinemas, Ireland’s largest multiplex cinema chain, to upgrade an additional 29 theatres with Cinionic’s Laser as a Service (LaaS) solution. This results in more than 40 upgraded laser locations for the chain. With LaaS, Omniplex Cinemas, and Cinionic will offer an elevated, consistent, and laser-driven movie-going experience for audiences across Ireland. Such strategies and expansion of laser projections are expected to augment the market growth in the country during the forecast period.
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European Laser Projection Market – Segmentation
By Illumination Type
- Laser Phosphor
- RGB Laser
- Laser Diode
- Hybrid Illumination
By Resolution
- WUXGA, WQXGA, and 2K
- WXGA & XGA
- 4K
- HD and Full HD
By End-Users
- Education
- Enterprises
- Media and Entertainment
- Retail
- Others
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