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Global Laser Projection Systems Market - Industry Trends and Forecast to 2027

  • Semiconductors and Electronics
  • Published Report
  • Aug 2020
  • Global
  • 350 Pages
  • No of Tables: 766
  • No of Figures: 56
  • Semiconductors and Electronics
  • Published Report
  • Aug 2020
  • Global
  • 350 Pages
  • No of Tables: 766
  • No of Figures: 56

Global Laser Projection Systems Market, By Type (CAD Laser Projector Systems and Laser Projector System), Component (Hardware, Software and Services), 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 & Assembly, Component Recognition, System Evaluation, Sequencing, and Others), End-User (Composite, Aerospace & Defense, Automotive & Heavy Equipment, Logistics, Shipbuilding & Energy, Construction & Rigging, Medical, Steel Industry, Wind Industry, Railway, Paper, and Others), Country (U.S., Canada and Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey and Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific. South Africa, Saudi Arabia, U.A.E., Israel, Egypt and Rest of Middle East and Africa, Brazil, Argentina and Rest of South America) Industry Trends and Forecast to 2027

Laser Projection Systems MarketMarket Analysis and Insights: Global Laser Projection Systems Market

Laser projection system market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 14.2% in the forecast period of 2019 to 2027 and expected to reach USD 1,817.20 million by 2027. Rising population among countries has sustainably increased the manufacturing activities are major factor driving the market.

The major benefits of laser projectors such as progressed quality, decreased set-up time, expanded all through, and decreased costs are driving the laser projection systems market. The rising development of the alternative solution is the major restraint for the laser projection systems market as well as the strong hold of drawing based traditional projections methods are further restricting the laser projection systems market growth.  

The rising improvement and advancement of the laser projection system for the manufacturing operations is creating lucrative opportunities for the laser projection systems market players to introduce more advanced products. Lowering down the cost of laser projection systems for making it affordable for the small businesses is a major challenge for the laser projection systems market. The challenge can get resolved in future by taking further research and development activities for the product.  

This laser projection systems market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the laser projection systems market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Laser Projection Systems MarketGlobal Laser projection system Market Scope and Market Size

Laser projection systems market is segmented on the basis of type, component, dimensional type, application, end-user, power range, and technology. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of type, the laser projection systems market is segmented into CAD laser projector systems and laser projector system. CAD laser projection systems segment is dominating the global laser projection systems market owing to major demand for production application. The CAD laser projection systems offers the improved efficiency at production processes for the customers owing to which manufacturers are adopting the CAD laser projector system.
  • On the basis of component, the laser projection systems market is segmented into hardware, software and services. Hardware segment is dominating the global laser projection systems market owing to the rising demand for advanced component to enhance the projection accuracy and visibility.  
  • On the basis of dimensional type, the laser projection systems market is segmented into 2D and 3D. 3D segment is dominating the global laser projection systems market as it has major adoption owing to better projection of the final product outlook.  
  • On the basis of power range, the laser projection systems market is segmented into 5MW-10MW, 11 MW-30 MW and above 30MW. 5MW-10MW segment is dominating the global laser projection systems market owing to the low operational cost. The increasing demand for the low power range product to increase the productivity is further accelerating the segment growth.  
  • On the basis of technology, the laser projection systems market is segmented into augmented reality, light signal and speech instructions and others. Augmented reality segment is dominating the global laser projection systems market owing to the ease at performing operation for employees. Increasing demand for the augmented reality solution in manufacturing industries for better visualization and guidance is further accelerating the segment growth.  
  • On the basis of application, the laser projection systems market is segmented into composite lay-ups, interior assembly, welding, guided assembly, prefabricated construction, picking & assembly, component recognition, system evaluation, sequencing, and others. Composite lay-up segment is dominating the global laser projection systems market owing to the adoption for the composite material processing application.
  • On the basis of end-user, the laser projection systems market is segmented into composite, aerospace & defense, automotive & heavy equipment, logistics, shipbuilding & energy, construction & rigging, medical, steel industry, wind industry, railway, paper, and others. Composite segment has been accounted for the largest market share due to the growing demand of durable and low maintenance required materials in the various manufacturing sector

Laser Projection Systems MarketGlobal Laser Projection Systems Market Country Level Analysis

Laser projection systems market is analysed and market size information is provided by country, type, component, dimensional type, application, end-user, power range, and technology as referenced above.

China accounted the largest market share is due to rising adoption for the production improvement application across the countries has increased the usage of laser projection systems. In North America, the U.S accounted largest market share in due to the increasing automation in industries across the North America region. Germany accounting the largest market shares in the Europe region due to the rapid growth in the 3D technology and robotic arms in the Germany.

The countries covered in global laser projection systems market report are U.S., Canada and Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey and Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific. South Africa, Saudi Arabia, U.A.E., Israel, Egypt and Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

The country section of the laser projection systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Stringent Government Regulations and Safety Standards for Laser Projection Systems Market

Laser projection system market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in Laser projection system and changes in regulatory scenarios with their support for the Laser projection system market. The data is available for historic period 2010 to 2018.

Competitive Landscape and Laser projection systems Market Share Analysis

Laser projection system 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, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global laser projection systems market.

The major players covered in the report are FARO Technologies, Inc., Met Optix, LAP GmbH Laser Applikationen, ALIGNED VISION, Virtek Vision International, Z-LASER GmbH, SL-Laser GmbH, HUTCHINSON MANUFACTURING, asphericon GmbH, Assyst Bullmer, Carter Products Company, Inc., Laserglow Technologies and OPS Solutions LLC,DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many product developments are also initiated by the companies worldwide which are also accelerating the growth of laser projection systems market.

For instance,

  • In February 2019, LAP GmbH Laser Applikationen introduced DTEC-Pro camera aided laser projection. This system can be used in aviation, automotive and other industries, it is equipped with ring flash and infrared camera. This exhibition helped the company to reach maximum number of potential customers across the globe.
  • In September 2019, LAP GmbH Laser Applikationen had launched Assembly Pro assistance system for digital assembly in Industry 4.0. The main features of this system is that it help reducing time and minimizes errors in manual assembly processes. This product launch helped the company to cater more number of customers.

Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company market in the laser projection systems market which also provides the benefit for organization to improve their offering for laser projection systems. 


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