Europe Laser Projection Systems Market – Industry Trends and Forecast to 2030

Europe Laser Projection Systems Market, ByType (CAD Laser Projector Systems and Laser Projector System), Component (Hardware, Software), Dimensional Type (2D and 3D), Power Range (5MW-10MW,11 MW-30 MW and Above 30MW), Technology (Augmented Reality, Light Signal and Speech Instructions and Others), Application (Composite Lay-Ups, Interior Assembly, Welding, Guided Assembly, Prefabricated Construction, Picking and Assembly, Component Recognition, System Evaluation, Sequencing, and Others), End-User (Composite, Aerospace and Defense, Automotive and Heavy Equipment, Logistics, Shipbuilding and Energy, Construction and Rigging, Medical, Steel Industry, Wind Industry, Railway, and Others)  – Industry Trends and Forecast to 2030.

Europe Laser Projection Systems Market Analysis and Size

The market of laser projection systems is expected to witness significant growth during the forecast period owing to high repetition rate, improved colour, optimized for 2D and 3D objects as compared to other. The laser projector systems are used in numerous applications such as location-based entertainment, houses of worship, museums, boardrooms and classrooms. The enterprise segment is expected to be the fastest growing end user segment because of the rising need for supplementary information at meetings, public administrations, government sectors, and others. 

Data Bridge Market Research analyses that the laser projection systems market is expected to reach USD 569.09 million by 2030, which is USD 200.90 million in 2022, at a CAGR of 13.90% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Laser Projection Systems Market Scope and Segmentation

Market Definition

Laser projection systems are those devices that send out beam of laser light that projects onto a surface an exact projected image from a 3D or 2D CAD file of information. This  projected image on a wall and the ground allows for the accurate orientation and positioning of components, fixture or sub-assemblies to save assembly time and to confirm complete assembly accuracy time after time.

Europe Laser Projection Systems Market Dynamics

Drivers

• Rising adoption of laser phosphor-based projectors

The adoption of laser phosphor-based projectors is rapidly increasing, due to which the growth of the laser projection systems market also increases. Longer lifespan, lower maintenance costs and reduced downtime are some of the benefits of laser phosphor projectors over the lamp-based projectors. Laser phosphor projectors are perfect for high-use settings such as museums, boardrooms, classrooms, houses of worship, and location-based entertainment venues because of their low maintenance and long life. These are some of the major factor which are expected to drive the market growth during the forecast period.

• Increasing demand of laser projection systems due to better colour and accuracy of laser light

The better accuracy and colour of laser light mainly drives the laser projection systems market. The main visual benefit of laser projection is that the laser light sources deliver enhanced color fidelity, often called broader colour range. Moreover, laser projections normally have stronger contrast than other projectors because a laser light source is more controlled. The light emitted by standard lamp-powered projector is dispersed and unfocused. Thus, these factors will positively affect the growth of the market during the forecast period.

 Opportunity

• Multiple benefits associated with laser projection systems

Laser projection system offers greater colour and contrast, longer-lasting brightness, and less maintenance as compared other lamp-based models. Now-a-days, projectors use solid state lasers, which have wider colour gamuts, deep black levels, incredibly bright, and never need a lamp replacement. As a result of all these benefits, the demand for the laser projection system increases and creates lucrative opportunities for the market's growth rate.

• Surging partnership between major market players to provide better experience

The surging partnership between major market players further offers numerous growth opportunities. For instance, Epson partnered with 4Wall Entertainment, Inc. (US) to offer better  experience for basketball fans at Thomas & Mack Center by using laser projection mapping (U.S.) in 2018,. Epson and 4Wall Entertainment teamed up to deliver a reliable laser projector solution that incorporated seamlessly with the distribution system and production content. Also, Epson Pro L25000U laser projectors are programmed and installed to converge and displaying a single large image across the entire court.

Restraints

• High cost and availability of alternative solutions

Now, laser projectors are more expensive than other systems because of technological advancement in the market. The usage of lumen has increased the cost of the laser projector’s. The cost increases with increasing the price of the lumen which is expected to hinder the market growth. Furthermore, currently, the market for laser projection systems is experiencing a significant restraint owing to the increasing development of alternative solutions and the continued dominance of traditional projection techniques, which will further hamper the market's growth.

This laser projection systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the laser projection systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Recent Development

• In 2019, LAP GmbH Laser Applikationen launched DTEC-Pro camera aided laser projection. This system can be used in automotive, aviation and other industries, it is prepared with infrared and ring flash camera. This launch will help the company to reach large number of potential customers all over the globe.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Europe Laser Projection Systems Market Scope

The laser projection systems market is segmented based on the type, component, dimensional type, power range, technology, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• CAD Laser Projector Systems
• Laser Projector System

Component

• Hardware
• Software

Dimensional Type

• 2D
• 3D

Power Range

• 5MW-10M
• 11 MW-30 MW
• Above 30MW

Technology

• Augmented Reality
• Light Signal and Speech Instructions
• Others

Application

• Composite Lay-Ups
• Interior Assembly
• Welding Guided Assembly
• Prefabricated Construction
• Picking and Assembly
• Component Recognition
• System Evaluation
• Sequencing
• Others

End-User

• Composite
• Aerospace and Defense
• Automotive and Heavy Equipment
• Logistics
• Shipbuilding and Energy
• Construction and Rigging
• Medical
• Steel Industry
• Wind Industry
• Railway
• Others

 Laser Projection Systems Market Regional Analysis/Insights

The laser projection systems market is analyzed and market size insights and trends are provided by country type, type, component, dimensional type, power range, technology, application and end-user as referenced above.

The countries covered in the laser projection systems market report are report  Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.

Germany has been accounted for the largest projection systems market share owing to the increasing growth of manufacturing sector in this region. Moreover, the rising investment in R&D activities and advancement in the laser projection system will further increase the market growth in this region.  

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Laser Projection Systems Market Share Analysis

The laser projection systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to laser projection systems market.

Some of the major players operating in the laser projection systems market are:

• Panasonic Corporation (Japan)
• Sony Corporation (Japan)
• Seiko Epson Corporation (Japan)
• Barco (Belgium)
• Sharp NEC Display Solutions of America, Inc. (U.S.)
• BenQ (Taiwan)
• LG Electronics (South Korea)
• Xiaomi (China)
• Delta Electronics, Inc. (Taiwan)
• Optoma (Taiwan)
• Ricoh (Japan)
• Canon Inc. (Japan)
• Christie Digital Systems USA, Inc. (U.S.)
• Dell Inc, (U.S.)
• Hitachi Digital Media Group (U.K.)
• FARO  (U.S.)
• LAP GmbH (Germany)
• ViewSonic Corporation (U.S.)
• Digital Projection  (U.S.)
• VAVA (U.S.)
• Eiki International, Inc. (Japan)
• Kvant Lasers, s.r.o. (Slovakia)