Laser Projector Market Size to Grow by USD 5.82 Bn | Evolving Opportunities with Barco NV and Canon Inc. | 17000+ Technavio Reports
NEW YORK, April 5, 2022 /PRNewswire/ -- 39% of the growth will originate from APAC for the Laser Projector Market. China, Japan, and South Korea (Republic of Korea) are the key markets for laser projectors in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.
The increase in the demand for laser projectors from the regional industrial, automotive, and aerospace defense sectors will facilitate the laser projector market growth in APAC over the forecast period. The laser projector market is expected to grow by USD 5.82 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 16.81% as per the latest market report by Technavio.
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The Laser Projector Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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Geographical Market Analysis
During the forecast period, APAC will account for 39 percent of market growth. In APAC, laser projectors are mostly sold in China, Japan, and South Korea (Republic of Korea). The market in this region will grow faster than the markets in Europe and South America.
The laser projector market in APAC would benefit from increased demand for laser projectors from the regional industrial, automotive, and aerospace defense industries.
Furthermore, countries such as the APAC, North America, Europe, MEA, and South America are expected to emerge as prominent markets for Laser Projector Market during the forecast period.
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Laser Projector Market 2022-2026: Segmentation
The laser Projector Market is segmented as below:
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Laser Projector Market 2022-2026: Key Highlights
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Table of Contents
Five Forces Analysis
Market Segmentation by End-user
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