DUBLIN--(BUSINESS WIRE)--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 expected to be worth USD 4.57 billion in 2018 and is projected 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, increasing adoption of laser projection technology for various applications, and less maintenance cost are some of the driving factors for the growth of the laser projection market. However, high initial cost of laser projectors for higher lumen restrains the growth of the laser projection market.
The market for laser phosphor projector is expected to grow at the highest CAGR between 2018 and 2023. Laser phosphor projectors have several advantages over lamp-based projectors; some of these are longer lifespan, reduced downtime, and lower maintenance costs. 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. Also, there is an increasing adoption of RGB laser projectors, especially in the large-screen professional cinema application.
The enterprise vertical is expected to hold the largest share of the laser projection market in 2018. Laser projectors are widely used in conference rooms, boardrooms, executive briefing rooms or meeting rooms, and government offices, among others. Public organizations and government bodies use laser projectors for briefing and providing people ancillary information at meetings. Enterprises require laser projectors in training rooms, conference rooms, meeting rooms, etc., to provide information to employees.
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:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Laser Projection Market, By Product Type
7 Laser Projection Market, By Illumination Type
8 Laser Projection Market, By Resolution
9 Laser Projection Market, By Vertical
10 Laser Projection Market, Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Christie Digital Systems
- Delta Electronics
- Digital Projection
- Hitachi Digital
- Lap GmbH
- NEC Display Solutions
- Ricoh Company
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