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Impact of Laser Phosphor Technology on $3.03 Billion Laser Projection MarketPUNE, India, July 10, 2018 /PRNewswire/ -- According to the research report on "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", published by MarketsandMarkets™, the overall 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. Significant advantages of laser projectors over traditional lamp projectors and increasing adoption of laser projection technology for various applications are the major drivers for the growth of the laser projection market. (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg ) https://www.marketsandmarkets.com/Market-Reports/laser-projection-market-197811567.html Early buyers will receive 10% customization on this report Laser phosphor projector expected to hold major market share during forecast period Laser phosphor projector is expected to lead the market in 2018. The long life and low maintenance of laser phosphor projectors make them ideal for high-use settings, such as boardrooms, classrooms, houses of worship, museums, and location-based entertainment venues. A major benefit of using laser phosphor is reduced total cost of ownership (TCO). The increasing adoption of laser phosphor-based projectors for various applications is expected to drive the market during the forecast period. Laser projection market for cinema to grow at highest CAGR between 2018 and 2023 The market for cinema is expected to grow at the highest CAGR during the forecast period. The cinema vertical is expected to create ample opportunities for players in the lase projection market. The increasing number of cinema screens across the world and advancements in projection technology with less maintenance cost provide opportunities for the laser projector market growth. Barco is one of the major companies offering high-brightness laser projectors for cinema applications. Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=197811567 APAC expected to hold major share of laser projection market during 2018-2023 Asia Pacific is expected to hold the largest share of the laser projection market during the forecast period. In APAC, China is expected to be the major contributor to the laser projection market between 2018 and 2023. 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. 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), Optoma Corporation (Taiwan), The Ricoh Company, Ltd. (Japan), and Delta Electronics Industry Co., Ltd. (Taiwan) are the major players in the laser projection market. 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), ViewSonic Corporation (US), and Xiaomi Inc. (China). Know more about the Laser Projection Market: https://www.marketsandmarkets.com/Market-Reports/laser-projection-market-197811567.html MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Research Insight: https://www.marketsandmarkets.com/ResearchInsight/laser-projection-market.asp SOURCE MarketsandMarkets 
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