European laser projection market is projected to exhibit a CAGR of around 13.9% during the forecast period. The major factors contributing to the growth of the market include the continuous expansion of large IT enterprises in the European nations, such as France and Italy. Moreover, the presence of a number of market players in the region, such as Barco NV and Seiko Epson Corp., is further contributing to the growth of the market in the region during the forecast period. However, the outbreak of the COVID-19 pandemic will certainly hamper the European sales of laser projection 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, 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 European laser projection market is segmented into the UK, Germany, France, Italy, Spain, and the rest of Europe. UK contributes a significant share in the European laser projection market, and France is expected to project a considerable CAGR in the European market during the forecast period.
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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European Laser Projection Market – Segmentation by Geography
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Company Profiles
- ASUSTeK Computer Inc.
- Canon Inc.
- Casio Computer Co., Ltd.
- Christie Digital Systems, Inc.
- Delta Lasers Technology Ltd.
- FARO Technologies, Inc.
- Hangzhou Gaoke Industry & Trade Co., Ltd.
- Hitachi, Ltd.
- LG Electronics Inc.
- Maxell Corp.
- Optoma (Coretronic Group)
- RGB Laser System
- The Ricoh Company, Ltd.
- VAVA
- ViewSonic Corp.
- Z-LASER GmbH
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