Laser Projection

Laser Projection

Global Laser Projection Market to Reach US$52.2 Billion by 2030

The global market for Laser Projection estimated at US$16.3 Billion in the year 2023, is expected to reach US$52.2 Billion by 2030, growing at a CAGR of 18.1% over the analysis period 2023-2030. Enterprise Vertical, one of the segments analyzed in the report, is expected to record a 19.6% CAGR and reach US$19.7 Billion by the end of the analysis period. Growth in the Public Places Vertical segment is estimated at 18.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.5 Billion While China is Forecast to Grow at 17.2% CAGR

The Laser Projection market in the U.S. is estimated at US$4.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.9 Billion by the year 2030 trailing a CAGR of 17.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 16.2% and 15.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.2% CAGR.

Global Laser Projection Market - Emerging Trends & Future Outlook

How Is Laser Projection Technology Changing Displays?
Laser projection technology uses lasers to generate images, providing brighter, clearer, and more color-accurate visuals than traditional lamp-based projectors. This technology is increasingly favored in both consumer and professional settings, including cinemas, corporate boardrooms, and home theaters. The superior image quality, coupled with longer lifespan and lower maintenance costs of laser projectors, are rapidly making them a preferred choice for large-scale displays and high-quality projections.

What Drives the Adoption of Laser Projection Technology?
The adoption of laser projection technology is primarily driven by its benefits in terms of performance and cost-efficiency over time. Laser projectors offer significant advantages in terms of energy consumption, operational lifespan, and minimal maintenance requirements, which are particularly attractive in sectors where projectors are used extensively and continuously. Furthermore, the ability to project on curved surfaces and at various angles without loss of image quality expands the use cases of laser projectors beyond traditional flat-screen projections.

Are There Any Barriers to the Widespread Adoption of Laser Projection?
Despite the advantages, the adoption of laser projection technology faces challenges such as high initial costs and concerns over safety with direct laser exposure. However, continuous advancements in technology are helping to reduce costs and improve safety features, making laser projectors more accessible and safer for a wider range of users. Innovations such as enhanced cooling systems and better power management are also helping to address these barriers, broadening the appeal of laser projection technology.

Growth in the Laser Projection Market Is Driven by Several Factors
Several factors contribute to the growth of the laser projection market. The increasing demand for high-quality display technologies in consumer electronics, driven by consumer preferences for superior image quality, is a significant growth driver. The expansion of the market into new areas such as interactive displays and virtual reality, which require the capabilities that laser projection offers, also fuels growth. Furthermore, the shift towards digital cinema projection worldwide supports the increased adoption of laser projectors in the entertainment industry. Finally, ongoing innovations that enhance performance and reduce costs are expected to sustain the market`s expansion in the coming years.

Select Competitors (Total 12 Featured) -

• Barco NV
• BenQ Corporation
• Canon, Inc.
• Casio Computer Co., Ltd.
• Christie Digital Systems USA, Inc.
• Dell EMC
• Delta Electronics, Inc.
• Digital Projection Ltd.
• FARO Technologies, Inc.
• Hitachi Digital Media Group
• LAP GmbH Laser Applikationen
• LG Electronics, Inc.
• NEC Display Solutions Ltd.
• Optoma Corp.
• Panasonic Corporation
• Ricoh Co., Ltd.
• Seiko Epson Corporation
• Sony Corporation
• ViewSonic Corporation
• Xiaomi Singapore Pte. Ltd.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.