Projection Mapping Market

Market Leadership - Projection Mapping Market

The overall projection mapping market is estimated at USD 1.37 billion in 2018 and is expected to reach USD 3.56 billion by 2023, at a CAGR of 21.10% during 2018–2023. The market growth is attributed to the growing adoption of projection mapping in media events and increasing need for greater audience engagement. Panasonic (Japan) Seiko Epson (Japan), Christie digital (US), BenQ (Taiwan), Optoma (Taiwan), and Barco (Belgium) dominated the projection mapping market in 2017 These companies were considered as the top 5 players based on market presence, client/customer base, revenues, and key developments related to new product developments, geographical footprint, company strategy, partnerships, agreements, and mergers & acquisitions in the projection mapping market in 2017. Some of the major strategies adopted by these players to compete in the projection mapping market were product launches and developments, mergers & acquisitions, and partnerships & agreements.

Panasonic Corp. holds the leading position in the projection mapping market. The company was founded in 1918 and was incorporated in December 1935. Panasonic is headquartered in Osaka, Japan. The company is engaged in the development, manufacture, and sale of electrical products. It operates through the following segments: appliances, eco solutions, audio visual computer (AVC) networks, automotive and industrial systems, and others. The company provides projectors based on DLP, LCD, and 4k technology for projection mapping. The company focuses on strategic agreements and acquisitions. In February 2015, as part of its strategy to expand business opportunities in the projection mapping market in North America, Panasonic acquired all shares of Video Insight, Inc. (US), one of the leading developers of video management software.

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Seiko Epson Corp., commonly known as Epson, is a Japanese electronics company and is one of the world's largest manufacturers of computer printers, and information- and imaging-related equipment. It was founded in 1942 and has its headquarters in Suwa, Japan (Officially registered in Shinjuku, Tokyo). Seiko Epson Corp. is one of the prominent players in the projection mapping market serving business and corporate segments. Epson Powerlite® Pro G Series projectors are specially designed for projection mapping with short-throw lenses. These projectors can help provide panoramic, edge-blended displays, or stacked for projection over a greater surface. The company launched Epson Projector Professional Tool (EPPT) in 2016, a software utility that helps users set up multiple Epson projectors and allows access to advanced features such as edge blending, geometric correction, and auto image calibration.

Related Reports:

Projection Mapping Market by Offering (Hardware (Projector, Media Server), Software), Projection Distance (Standard, Short), Dimension (2D, 3D, 4D), Applications (Events, Festival, Large Venue, Retail/Entertainment), and Region - Global Forecast to 2023

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Report Code
SE 6635
RI Published ON
9/28/2018
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