Global Laser Projection Industry

Global Laser Projection Industry

  • July 2020 •
  • 180 pages •
  • Report ID: 5798981 •
  • Format: PDF
Global Laser Projection Market to Reach $16.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Laser Projection estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$16.8 Billion by 2027, growing at aCAGR of 17.9% over the period 2020-2027. Laser Projector, one of the segments analyzed in the report, is projected to record 18.4% CAGR and reach US$10.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the CAD Laser Projection System segment is readjusted to a revised 17% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 17.2% CAGR

The Laser Projection market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2027 trailing a CAGR of 17.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.1% and 15.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.1% CAGR.We bring years of research experience to this 7th edition of our report. The 180-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • 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.