The Projection Mapping Market size is estimated at USD 4.33 billion in 2024, and is expected to reach USD 11.38 billion by 2029, growing at a CAGR of 21.31% during the forecast period (2024-2029).
Projection mapping technology has been experiencing tremendous adoption rates across the world, majorly due to its seamless integration of the physical and virtual worlds by superimposing computer-generated graphics upon real surfaces, unlike traditional augmentation technologies like VR, thus allowing various users to directly encounter this augmentation without using any peripherals, such as glasses.
The Projection Mapping Market is highly fragmented, with the presence of major players like Panasonic Corporation, Seiko Epson Corporation, BenQ Corporation, Vivitek, and ViewSonic Corporation. Players in the market are adopting strategies such as partnerships, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In February 2023, Barco 4K laser projectors and image processors were selected for the "1minute Projection Mapping Competition". This event is one of the largest global international projection mapping competitions held as part of TOKYO LIGHTS 2022 and organized by the Projection Mapping Association of Japan (PMAJ).
In May 2022, Vivitek, a visual presentation and collaboration solutions provider, announced the launch of the latest addition to its DLP laser projectors, the DU4871Z. The compact, high-brightness laser projector product features include excellent image quality and large projection size. The DU4871Z combines a sophisticated cooling design and advanced dust protection to aid longevity. This secure projector also boasts a wide range of diverse connectivity options, ensuring that it is as easy to use as its image quality.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook