HOME Top Market Reports Laser Projection Market by Product Type (Laser Projector and CAD Laser Projection System), Illumination Type (Laser Phosphor, Hybrid, RGB Laser, Laser Diode), Vertical (Enterprise, Public Places, Cinema, Education), and Geography - Global Forecast to 2023

Laser Projection Market by Product Type (Laser Projector and CAD Laser Projection System), Illumination Type (Laser Phosphor, Hybrid, RGB Laser, Laser Diode), Vertical (Enterprise, Public Places, Cinema, Education), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: July 2018
Report Code: SE 6446

 

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The laser projection market was valued at USD 3.15 billion in 2017 and is expected to reach USD 10.53 billion by 2023, at a CAGR of 18.2% during the forecast period. The base year considered for the study is 2017, and the forecast period considered is 2018–2023. The objective of the report is to provide a detailed analysis of the laser projection market based on product type, illumination type, resolution, vertical, and region. The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their rankings and core competencies in the laser projection market, and details the competitive landscape for market leaders.

The research methodology used to estimate and forecast the laser projection market begins with capturing data on key vendor revenues through secondary research. Secondary sources used for this research study include government sources, corporate filings (such as annual reports, investor presentations, and financial statements), company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). The bottom-up procedure was employed to arrive at the market estimates by analyzing revenues of major companies generated from different technologies, combining the revenues obtained to get the market estimates, and validating them based on laser projector shipment data. The bottom-up approach also included analyzing laser projectors installed in various verticals, such as enterprise, education, cinema, and public places, considering the shipment of laser projectors. It was followed by multiplying the average selling price (ASP) of a laser projector with the number of units to calculate the market size, in terms of value. After arriving at the overall market size, the total market was split into several segments and subsegments, which were verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents is depicted in the below figure.

Laser Projection Market

To know about the assumptions considered for the study, download the pdf brochure

The laser projection market comprises a network of players involved in research and product development, raw material suppliers, manufacturers, investors, and distributors. Players operating in the laser projection market include Panasonic Corporation (Japan), Sony Corporation (Japan), Seiko Epson Corporation (Japan), Barco NV (Belgium), NEC Display Solutions (Japan), BenQ Corporation (Taiwan), Casio Computer Co., Ltd. (Japan), Delta Electronics Industry Co., Ltd. (Taiwan), Optoma Corporation (US), and Ricoh Company, Ltd. (Japan). The report also includes the profiles of companies such as Canon Inc. (Japan), Christie Digital Systems (US), Digital Projection (UK), Dell (US), FARO Technologies, Inc. (US), Hitachi Digital Media Group (UK), LAP GmbH Laser Applikationen (Germany), LG (South Korea), ViewSonic Corporation (US), and Xiaomi Inc. (China).

Key Target Audience:

  • Component and material providers
  • Product and accessory manufacturers and suppliers
  • Research organizations and consulting companies
  • Associations, alliances, and organizations related to laser projection technology
  • Analysts and strategic business planners
  • End users from verticals such as education, corporate, healthcare, retail, entertainment, hospitality, aerospace & defense, industrial, and construction

“This study answers several questions for stakeholders, primarily the market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report:

This research report categorizes the laser projection market on the basis of product type, illumination type, resolution, vertical, and region.

Laser Projection Market, by Product Type

  • Laser Projector
  • CAD Laser Projection System

Laser Projection Market, by Illumination Type

  • Laser Phosphor
  • Hybrid
  • RGB Laser
  • Laser Diode

Laser Projection Market, by Resolution

  • WUXGA, WQXGA, and 2K
  • 4K
  • WXGA and XGA
  • HD and Full HD
  • Others

Laser Projection Market, by Vertical

  • Enterprise
  • Public Places
  • Cinema
  • Education
  • Retail
  • Medical
  • Industrial

Laser Projection Market, by Region

  • North America
  • Europe
  • APAC
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for This Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
                    2.1.2.4 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Laser Projection Market (2018–2023)
    4.2 Laser Projector Market, By Illumination Type
    4.3 Laser Projection Market, By Vertical and Region
    4.4 Laser Projection Market Geographic Snapshot

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Significant Advantages of Laser Projectors Over Traditional Lamp Projectors
                    5.2.1.2 Increasing Adoption of Laser Projection Technology for Various Applications
                    5.2.1.3 Less Maintenance Cost/Total Cost of Ownership
           5.2.2 Restraints
                    5.2.2.1 High Initial Cost of Laser Projectors for Higher Lumen
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for RGB Laser Projectors in Cinema
                    5.2.3.2 Rising Demand for High-Brightness Projectors
           5.2.4 Challenges
                    5.2.4.1 Operational Challenges for Low End Models
    5.3 Laser Projector Application
           5.3.1 Display
           5.3.2 Augmented Reality and Virtual Reality

6 Laser Projection Market, By Product Type (Page No. - 38)
    6.1 Introduction
    6.2 Laser Projector
    6.3 CAD Laser Projection System

7 Laser Projection Market, By Illumination Type (Page No. - 44)
    7.1 Introduction
    7.2 Laser Phosphor
    7.3 Hybrid (Laser and LED)
    7.4 RGB Laser
    7.5 Laser Diode

8 Laser Projection Market, By Resolution (Page No. - 51)
    8.1 Introduction
    8.2 WUXGA, WQXGA, and 2K
    8.3 4K
    8.4 XGA and WXGA
    8.5 HD and Full HD
    8.6 Others

9 Laser Projection Market, By Vertical (Page No. - 59)
    9.1 Introduction
    9.2 Enterprise
    9.3 Public Places
    9.4 Cinema
    9.5 Education
    9.6 Retail
    9.7 Industrial
    9.8 Medical

10 Laser Projection Market, Geographic Analysis (Page No. - 81)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Italy
             10.3.5 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 South Korea
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 South & Central America
             10.5.2 Middle East & Africa

11 Competitive Landscape (Page No. - 98)
     11.1 Introduction
     11.2 Market Player Ranking Analysis (2017)
             11.2.1 Product Launches
             11.2.2 Partnerships and Contracts

12 Company Profiles (Page No. - 103)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 Key Players
             12.1.1 Panasonic
             12.1.2 Sony
             12.1.3 Epson
             12.1.4 Barco
             12.1.5 NEC Display Solutions
             12.1.6 Benq
             12.1.7 Casio
             12.1.8 Delta Electronics
             12.1.9 Optoma
             12.1.10 Ricoh Company
     12.2 Other Key Companies
             12.2.1 Canon
             12.2.2 Christie Digital Systems
             12.2.3 Digital Projection
             12.2.4 Dell
             12.2.5 Faro
             12.2.6 Hitachi Digital
             12.2.7 Lap GmbH
             12.2.8 LG
             12.2.9 Viewsonic
             12.2.10 Xiaomi

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 137)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (63 Tables)

Table 1 Laser Projection Market, By Product Type, 2015–2023 (USD Million)
Table 2 Laser Projector Market Size in Terms of Value and Volume, 2015-2023
Table 3 Laser Projector Market, By Vertical, 2015–2023 (USD Million)
Table 4 CAD Laser Projection System Market, By Vertical, 2015–2023 (USD Million)
Table 5 Laser Projector Market, By Illumination Type, 2015–2023 (USD Million)
Table 6 Laser Phosphor Projector Market, By Resolution, 2015–2023 (USD Million)
Table 7 Hybrid Laser Projector Market, By Resolution, 2015–2023 (USD Million)
Table 8 RGB Laser Projector Market, By Resolution, 2015–2023 (USD Million)
Table 9 Laser Projector Market for Laser Diode, By Resolution, 2015–2023 (USD Million)
Table 10 Market, By Resolution, 2015–2023 (USD Million)
Table 11 Laser Projection Market for WUXGA, WQXGA, and 2K, By Illumination Type, 2015–2023 (USD Million)
Table 12 Market for 4K, By Illumination Type, 2015–2023 (USD Million)
Table 13 Market for XGA and WXGA, By Illumination Type, 2015–2023 (USD Million)
Table 14 Market for HD and Full HD, By Illumination Type, 2015–2023 (USD Million)
Table 15 Market for Others, By Illumination Type, 2015–2023 (USD Million)
Table 16 Market, By Vertical, 2015–2023 (USD Million)
Table 17 Market for Enterprise, By Region, 2015–2023 (USD Million)
Table 18 Market for Enterprise in North America, By Country, 2015–2023 (USD Million)
Table 19 Market for Enterprise in Europe, By Country, 2015–2023 (USD Million)
Table 20 Market for Enterprise in APAC, By Country, 2015–2023 (USD Million)
Table 21 Market for Enterprise in RoW, By Region, 2015–2023 (USD Million)
Table 22 Market for Public Places, By Region, 2015–2023 (USD Million)
Table 23 Market for Public Places in North America, By Country, 2015–2023 (USD Million)
Table 24 Market for Public Places in Europe, By Country, 2015–2023 (USD Million)
Table 25 Market for Public Places in APAC, By Country, 2015–2023 (USD Million)
Table 26 Market for Public Places in RoW, By Region, 2015–2023 (USD Million)
Table 27 Market for Cinema, By Region, 2015–2023 (USD Million)
Table 28 Market for Cinema in North America, By Country, 2015–2023 (USD Million)
Table 29 Market for Cinema in Europe, By Country, 2015–2023 (USD Million)
Table 30 Market for Cinema in APAC, By Country, 2015–2023 (USD Million)
Table 31 Market for Cinema in RoW, By Region, 2015–2023 (USD Million)
Table 32 Market for Education, By Region, 2015–2023 (USD Million)
Table 33 Market for Education in North America, By Country, 2015–2023 (USD Million)
Table 34 Market for Education in Europe, By Country, 2015–2023 (USD Million)
Table 35 Market for Education in APAC, By Country, 2015–2023 (USD Million)
Table 36 Market for Education in RoW, By Region, 2015–2023 (USD Million)
Table 37 Market for Retail, By Region, 2015–2023 (USD Million)
Table 38 Market for Retail in North America, By Country, 2015–2023 (USD Million)
Table 39 Market for Retail in Europe, By Country, 2015–2023 (USD Million)
Table 40 Market for Retail in APAC, By Country, 2015–2023 (USD Million)
Table 41 Market for Retail in RoW, By Region, 2015–2023 (USD Million)
Table 42 Market for Industrial, By Region, 2015–2023 (USD Million)
Table 43 Market for Industrial in North America, By Country, 2015–2023 (USD Million)
Table 44 Market for Industrial in Europe, By Country, 2015–2023 (USD Million)
Table 45 Market for Industrial in APAC, By Country, 2015–2023 (USD Million)
Table 46 Market for Industrial in RoW, By Region, 2015–2023 (USD Million)
Table 47 Market for Medical, By Region, 2015–2023 (USD Million)
Table 48 Market for Medical in North America, By Country, 2015–2023 (USD Million)
Table 49 Market for Medical in Europe, By Country, 2015–2023 (USD Million)
Table 50 Market for Medical in APAC, By Country, 2015–2023 (USD Million)
Table 51 Market for Medical in RoW, By Region, 2015–2023 (USD Million)
Table 52 Market, By Region, 2015–2023 (USD Million)
Table 53 Market in North America, By Country, 2015–2023 (USD Million)
Table 54 Market in North America, By Vertical, 2015–2023 (USD Million)
Table 55 Market in Europe, By Country, 2015–2023 (USD Million)
Table 56 Market in Europe, By Vertical, 2015–2023 (USD Million)
Table 57 Market in APAC, By Country, 2015–2023 (USD Million)
Table 58 Market in APAC, By Vertical, 2015–2023 (USD Million)
Table 59 Market in RoW, By Region, 2015–2023 (USD Million)
Table 60 Market in RoW, By Vertical, 2015–2023 (USD Million)
Table 61 Ranking of Players (2017)
Table 62 Product Launches (2017 and 2018)
Table 63 Partnerships and Contracts (2016–2017)


List of Figures (53 Figures)

Figure 1 Laser Projection Market Segmentation
Figure 2 Market: Process Flow of Market Size Estimation
Figure 3 Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions for Research Study
Figure 8 Laser Projector to Lead the Market During Forecast Period
Figure 9 Laser Phosphor Projector to Dominate Market During Forecast Period
Figure 10 Market for 4K to Grow at Highest CAGR During Forecast Period
Figure 11 Market for Cinema to Grow at Highest CAGR Between 2018 and 2023
Figure 12 Market to Grow at Highest CAGR in APAC During Forecast Period
Figure 13 Attractive Opportunities for Laser Projection Market Growth Between 2018 and 2023
Figure 14 Market for Laser Phosphor to Grow at Highest CAGR During Forecast Period
Figure 15 Enterprise and North America Held Major Share of Laser Projection Market in 2017
Figure 16 Laser Projection Market to Grow at Highest CAGR in China During Forecast Period
Figure 17 Increasing Demand for Laser Projectors Over Traditional Lamp Projectors Driving Market Growth
Figure 18 Market for Laser Projector to Grow at Higher CAGR During Forecast Period
Figure 19 The Laser Projector Market for Cinema Expected to Grow at Highest CAGR During the Forecast Period
Figure 20 CAD Laser Projection System Market for Aerospace & Defense to Grow at Highest CAGR During Forecast Period
Figure 21 Laser Phosphor Projector to Dominate the Market During Forecast Period
Figure 22 4K to Dominate Laser Phosphor Projector Market During Forecast Period
Figure 23 WUXGA, WQXGA and 2K to Hold Largest Size of Hybrid Laser Projector Market By 2023
Figure 24 4K to Dominate RGB Laser Projector Market During Forecast Period
Figure 25 Market for 4K to Grow at Highest CAGR During Forecast Period
Figure 26 Laser Phosphor to Dominate Laser Projection Market for WUXGA, WQXGA, and 2K By Illumination Type During Forecast Period
Figure 27 Laser Phosphor to Dominate Laser Projection Market for 4K During Forecast Period
Figure 28 Laser Phosphor Projector to Dominate Market for XGA and WXGA Resolution During Forecast Period
Figure 29 Laser Phosphor Market to Grow at Highest CAGR for Other Resolution During Forecast Period
Figure 30 Enterprise to Account for Largest Size of Laser Projection Market By 2023
Figure 31 Market for Enterprise to Grow at Highest CAGR in APAC During Forecast Period
Figure 32 Market for Public Places to Grow at Highest CAGR in APAC During Forecast Period
Figure 33 Market for Cinema to Grow at Highest CAGR in APAC During Forecast Period
Figure 34 Market for Retail to Grow at Highest CAGR in APAC During Forecast Period
Figure 35 APAC to Lead Industrial Market By 2023
Figure 36 APAC to Dominate Market for Medical During the Forecast Period
Figure 37 Market to Grow at Highest CAGR in China During Forecast Period
Figure 38 Market to Grow at Highest CAGR in APAC During Forecast Period
Figure 39 Market Snapshot: North America
Figure 40 North American Market to Grow at Highest CAGR in US During Forecast Period
Figure 41 Market Snapshot: Europe
Figure 42 Germany to Lead European Market During Forecast Period
Figure 43 Market Snapshot: APAC
Figure 44 China to Lead Market in APAC During Forecast Period
Figure 45 RoW Market to Grow at Higher CAGR in South & Central America During Forecast Period
Figure 46 Organic and Inorganic Strategies Adopted By Companies Operating in Market (2015–2018)
Figure 47 Panasonic: Company Snapshot
Figure 48 Sony: Company Snapshot
Figure 49 Epson: Company Snapshot
Figure 50 Barco: Company Snapshot
Figure 51 Casio: Company Snapshot
Figure 52 Delta Electronics: Company Snapshot
Figure 53 Ricoh Company: Company Snapshot

The laser projection market is estimated to be worth USD 4.57 billion in 2018 and is expected to reach USD 10.53 billion by 2023, at a CAGR of 18.2% between 2018 and 2023. The growth of this market can be attributed to the growing demand for RGB laser projectors in cinema and rising demand for high-brightness projectors.

This report segments the laser projection market by product type, illumination type, resolution, vertical, and region. The laser projection market, by product type, has been segmented into laser projector and CAD laser projection system. The market for laser projector is expected to grow at the highest CAGR between 2018 and 2023. Demand for laser projectors is increasing owing to their low maintenance cost, less power consumption, and high picture quality. Demand for high-brightness laser projectors in cinema and the increasing number of digital cinema screens in many countries drive the adoption of laser projectors. Major companies offering laser projectors are Epson (Japan), Barco (Belgium), Panasonic (Japan), Sony (Japan), and NEC Display Solutions (Japan), among others.

The laser projection market, by illumination type, has been segmented into laser phosphor, hybrid, RGB laser, and laser diode. The market for laser phosphor projector is expected to grow at the highest CAGR during the forecast period. Laser phosphor projectors have ~15,000–25,000 lumens, with an estimated lifetime of 30,000 hours to 50%. The primary advantage of a laser phosphor projector is the long lifetime (~30,000 hours before it reaches 50% brightness). The long life and low maintenance cost of laser phosphor projectors make them ideal for high-use settings, such hospitality events, museums, education, government departments, large venues, and movie theaters.

The laser projection market, by resolution, has been segmented into WUXGA, WQXGA, and 2K; 4K; XGA and WXGA; HD and Full HD; and others. The market for 4K laser projector is expected to grow at a high rate during the forecast period. Demand for 4K laser projectors is growing due to the increasing demand for high-brightness, high-image-quality projectors for various applications. 4K projectors are most commonly known as ultrahigh-definition projectors that offer high pixel resolution. With higher resolution, the price of projectors also increases. These projectors are used in various applications, such as movie theaters, large venues, museums, auditoriums, and classrooms.

The laser projection market, by vertical, has been segmented into enterprise, public places, cinema, education, retail, medical, and industrial. Enterprise is expected to lead the laser projection market. Public organizations and government bodies use laser projectors for briefing and providing people ancillary information at meetings. Laser projectors are widely used for presentations as they produce high-quality images required for graphs, bar charts, etc., for better understanding. With the help of laser projectors, business professionals can project concise data with charts and figures in a digital format, thereby helping the management draw a clear picture of the presentation.

Laser Projection Market

APAC is expected to dominate the laser projection market. APAC is the leading laser projection market for education and cinema segments, with major demand driven by countries such as China and India. APAC is expected to provide ample opportunities for the laser projection market growth during the forecast period due to increasing consumer awareness about high-brightness laser projectors, increased government spending from emerging economies on the education sector, and the development of the education sector to provide smart education to students. Also, the increasing number of cinema screens and rising penetration of laser projectors in cinema drive the growth of the laser projection market.

High initial cost of laser projectors for higher lumen restrains the growth of the market.

Key players in this market include Panasonic (Japan), Sony (Japan), Epson (Japan), Barco (Belgium), NEC Display Solutions (Japan), BenQ (Taiwan), Casio (Japan), Optoma (US), Delta Electronics (Taiwan), and Ricoh Company (Japan).

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