Asia-Pacific laser projection market is projected to witness CAGR of 18.1%, growth during the forecast period. The major factors contributing to the growth of the market include the presence of the largest producer of electronic devices and components ‘China’, and the presence of key market players in the region, such as NEC Corp., Panasonic Corp., Sony Corp., and Casio Computer Co., Ltd. However, the outbreak of COVID-19 pandemic will certainly hamper the Asia-Pacific sales of laser projection in Asia-Pacific in 2020.
The laser projection market is classified on the basis of illumination type, resolution, and end-users. Based on the illumination type, the market is segmented into laser phosphor, RGB laser, laser diode, and hybrid illumination. Based on the resolution, the market is segmented into WUXGA, WQXGA, and 2K, WXGA &XGA, 4K, HD, and Full HD. Based on end-users, the market is classified into education, enterprises, media and entertainment, retail, and others (public places and industrial). Among these end-users, the retail and education segments will project a considerable CAGR in the laser projection market during the forecast period.
Geographically, the Asia-Pacific laser projection market is segmented into China, India, Japan, and Rest of Asia-Pacific. China contributes over 35.0% in the Asia-Pacific laser projection market and is expected to retain at its position during the forecast period. China and Japan, together, are the largest producer and consumer of electronic devices across the globe. Therefore, there is a huge availability of local market players in these economies, which offers laser projections at a relatively lower cost.
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Asia-Pacific 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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Asia-Pacific Laser Projection Market – Segmentation by Geography
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- ASUSTeK Computer Inc.
- BenQ Corp.
- Canon Inc.
- Casio Computer Co., Ltd.
- Christie Digital Systems, Inc.
- Dell Inc.
- Eiki International, Inc.
- FARO Technologies, Inc.
- Hangzhou Gaoke Industry & Trade Co., Ltd.
- Hitachi, Ltd.
- LG Electronics Inc.
- Maxell Corp.
- Optoma (Coretronic Group)
- The Ricoh Company, Ltd.
- VAVA
- ViewSonic Corp.
- Xiaomi Group
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