Laser projection market is growing at a significant CAGR of around 17.2% during the forecast period. Laser projection signifies graphics and animations that are displayed on projection surfaces using a laser display. Rising demand for laser projection in several applications is a key trend reported in the market. For instance, laser projection is becoming a widely adopted technology in cinemas owing to its precision color accuracy and stability as well as huge life and maintenance benefit. There are several pivotal factors that are driving the growth of the market, including rising trend for digital learning solutions in the developed and emerging economies, such as Japan and India. Moreover, the rising digitalization in retail sector, with the introduction and marketing of products through laser projectors in shopping malls, is further contributing to the growth of the market across the globe.
The media and entertainment sector are continuously evolving with the opening of new theatres and shopping malls. 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. However, in 2020, laser projection technology was adversely affected amid the COVID-19 pandemic due to the negative impact on end-user operations. Most of the multiplexes, offline retail stores, and public places were temporarily closed due to the government lockdown restriction to limit the spread of the COVID-19.
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Laser Projection Market Segmentation
By Illumination Type
- Laser Phosphor
- RGB Laser
- Laser Diode
- Hybrid Illumination
By Resolution
- WXGA & XGA
- WUXGA, WQXGA, and 2K
- 4K
- HD and Full HD
By End-Users
- Education
- Enterprises
- Media & Entertainment
- Retail
- Others (Public Places and Industrial)
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- ASUSTeK Computer Inc.
- BenQ Corp.
- Canon Inc.
- Casio Computer Co., Ltd.
- Christie Digital Systems, Inc.
- Dell Inc.
- Delta Lasers Technology Ltd.
- Eiki International, Inc.
- 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.
- Xiaomi Group
- Z-LASER GmbH
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