US laser projection market is projected to witness CAGR of around 14.5%, during the forecast period. The major factors contributing to the growth of the market include the rising sales of laser projectors in retail and education sector, backed by the rising digitalization across these sectors in the country. Moreover, the presence of huge number of large enterprises in the US, increases the demand for laser projection in meetings in enterprises, which in turn, is contributing to the growth of the market in the country. However, there are certain factors that may impede the market growth during the forecast period, such as the high installation cost of laser projectors and the outbreak of COVID-19 pandemic in the US in 2020.
The US 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.
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US 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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Company Profiles
- ASUSTeK Computer Inc.
- Barco NV
- BenQ Corp.
- Canon Inc.
- Casio Computer Co., Ltd.
- Hitachi, Ltd.
- LG Electronics Inc.
- NEC Corp.
- Panasonic Corp.
- Seiko Epson Corp.
- Sony Corp.
- The Ricoh Company, Ltd.
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