About Laser Projectors
A laser projector is a type of projector that uses lasers as its light source instead of traditional lamps. Lasers produce a much brighter and more focused beam of light, which allows laser projectors to create much sharper and higher-resolution images than traditional projectors. Laser projectors are often used in high-end applications such as home theaters, cinemas, and business presentations. They are also becoming increasingly popular for gaming, as they can provide a more immersive and realistic experience than traditional projectors. The laser projector market is poised for continued growth in the coming years. With its superior image quality, increased durability, and expanding applications.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that Asia Pacific Vendors will contribute the maximum growth to Global Laser Projectors market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Epson (Japan), BenQ (Taiwan), Sony Corporation (Japan), LG Electronics (South Korea), Samsung Electronics (South Korea), Optoma Corporation (Taiwan), Christie Digital Systems (Canada), Barco (Belgium), Xiaomi Corporation (China), NEC Corporation (Japan), ViewSonic Corporation (United States), Vivitek (Delta Electronics Inc.) (Taiwan) and Sharp Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Acer Inc. (Taiwan), JVC (Japan) and Hisense Group Co., Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Laser Projectors market by , Application (Industrial, Residential, Corporate Offices, Media & Entertainment, Healthcare, Education, Retail and Other) and Region.
On the basis of geography, the market of Laser Projectors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Laser Projectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Laser Phosphor will boost the Laser Projectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by DLP Technology, the sub-segment i.e. 1-chip DLP will boost the Laser Projectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resolution, the sub-segment i.e. SVGA (800x600 pixels) will boost the Laser Projectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Higher Resolution Laser Projectors
Market Growth Drivers:
Growing Demand for High-Quality Visual Experiences and Rising Demand of Laser Projectors in Residential due to its Stunning Visuals and Long Lifespans
Challenges:
High Competition from Traditional Projectors and High Display Technologies such as OLED TV & LED Walls
Restraints:
High Complexity for Installation of Laser Projectors & High Maintainance
Opportunities:
Continued Focus on R&D to Improve Brightness, Color Gamut, and Efficiency of Laser Projectors
Market Leaders and their expansionary development strategies
In October 2023, Seiko Epson announced the acquisition of its projector business partner, Epson Imaging Devices Europe (EIDE). This move aims to strengthen Epson's position in the high-end projector market and accelerate its development of laser projection technology.
In June 2023, LG and Barco announced a partnership to develop and market high-brightness laser projectors for professional applications. This collaboration aims to cater to the growing demand for laser projectors in sectors like education, healthcare, and simulation.
Key Target Audience
Laser Projector Manufacturer, New Entrance, Potential Investors, Suppliers & Distributors, Government Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.