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Laser Projection Market 2018 - Global Forecast to 2023: Growing Demand for RGB Laser Projectors in Cinema & High-Brightness Projectors
DUBLIN, July 16, 2018 /PRNewswire/ --
The "Laser Projection Market by Product Type, Illumination Type, Vertical, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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 duringthe 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.
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).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
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
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
6.1 Introduction
6.2 Laser Projector
6.3 CAD Laser Projection System
7 Laser Projection Market, By Illumination Type
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
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
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
11 Competitive Landscape
11.1 Introduction
11.2 Market Player Ranking Analysis (2017)
11.2.1 Product Launches
11.2.2 Partnerships and Contracts
12 Company Profiles
- Barco
- Benq
- Canon
- Casio
- Christie Digital Systems
- Dell
- Delta Electronics
- Digital Projection
- Epson
- Faro
- Hitachi Digital
- LG
- Lap GmbH
- NEC Display Solutions
- Optoma
- Panasonic
- Ricoh Company
- Sony
- Viewsonic
- Xiaomi
For more information about this report visit https://www.researchandmarkets.com/research/bfnfxd/laser_projection?w=5
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