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

Global Laser Projection Systems Market, By Type (CAD Laser Projector System and Laser Projector), 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), Illumination Type (Laser Phosphor, Hybrid, RGB Laser, Laser Diode, Others), Resolution (XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), HD (1920 x 1080 pixels), 4K (4096 x 2160 pixels), 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) – Industry Trends and Forecast to 2030.

Laser Projection Systems Market Analysis and Size

The global laser projection systems market is segmented on the basis of type, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Data Bridge Market Research analyses that the global laser projection systems market which was USD 915.34 million in 2022, would rocket up to USD 2,742.14 million by 2030, and is expected to undergo a CAGR of 14.70% during the forecast period. “Positive Displacement” dominates the type segment of the global laser projection systems market due to their sports and fitness segment is expected to dominate the market as due to continuous increasing adoption of wearable electronic devices for sports and fitness in the order to enhanced sports, fitness, and well-being by monitoring physiological conditions of wearers. 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.

Laser Projection Systems Market Scope and Segmentation

Market Definition

A laser projector is a device that uses changing laser beams to create a moving image on a screen for professional use. It is made up of housing with lasers, mirrors, galvanometer scanners, and other optical components. Over similar lamp-based models, laser-based projection provides longer-lasting brightness, lower maintenance, and improved colour and contrast. Laser projectors outperform all other forms of projection technology, especially when paired with the appropriate projection lenses.

Global Laser Projection Systems Market Dynamics

Drivers

• Longer product lifespan will bolster the market growth

Laser projectors are used in various applications depending on the brightness and image quality requirements. As they use a laser light source to project the image on the screen, laser projectors have a longer lifespan than lamp projectors. Since the laser light source maintains its brightness, the picture quality is more consistent over the life of the projector. Among the major manufacturers of high-brightness laser projectors are Epson, Panasonic, and Sony.

• Rising demand from the end user for its advantages is a major driver

Growing demand for laser projection technology across various industries is positively influencing the market growth rate. Laser projectors offer a wide range of benefits, such as easy function at low temperature and not much requirement for cooling. Further, laser projectors offer a range of benefits over lamp-based projectors, such as their long lifespan, high brightness, higher contrast, and clearer images. These are therefore preferred in several industries, including business, film, education, and retail.

Opportunity

• Increasing Demand for Laser Projection

With the increasing demand for global laser projection systems from the end user verticals, the major market players are upgrading the product to provide the most technologically updated model. One of the key factors acting as a market opportunity is, therefore, the increasing adoption of laser phosphor-based projectors, which are used in various applications such as boardrooms, classrooms, houses of worship, museums, and location-based entertainment. Furthermore, the market is expected to expand due to laser projectors' numerous advantages, such as their low maintenance and cost-effectiveness.

Restraints/Challenges

• High cost will derail the market growth rate

Laser projectors and global laser projection systems are more expensive because of the latest innovations. The advantages of a laser projector during its lifetime, however, become obvious when compared to a lamp projector. For projectors with high-lumen output, many manufacturers charge a hefty price. The lumens of a projector determines its price. The price of the projector increases with lumen level.  

This global 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 global 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.

Recent Development

• In 2019, Epson manufactured the world's smallest 3LCD laser projectors, the EPSON EF-100B and EF-100W, in Malaysia. They can project footage up to 150 inches in size and have a brightness of 2000 lumens
• In 2019, Nebra launched the Nebra AnyBeam, a pico laser projector. This projector is built on Raspberry Pi and has efficient, tiny, and affordable features for creating sharp images up to 150 inches in size.

Global Laser Projection Systems Market Scope

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

Type

• CAD Laser Projector Systems
• Laser Projector

 Component   

• Hardware
• Software
• Services

Dimensional Type

• 2D
• 3D

Power Range

• 5MW-10MW
• 11 MW-30 MW
• Above 30MW

Technology

• Augmented Reality
• Light Signal and Speech Instructions
• Others

Illumination Type

• Laser Phosphor
• Hybrid
• RGB Laser
• Laser Diode
• Others

Resolution

• XGA (1024 x 768 pixels)
• WXGA (1280 x 800 pixels)
• HD (1920 x 1080 pixels)
• 4K (4096 x 2160 pixels)
• 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 Defense
• Automotive Heavy Equipment
• Logistics
• Shipbuilding Energy
• Construction Rigging
• Medical
• Steel Industry
• Wind Industry
• Railway
• Paper
• Others

Type

• Smartwatches
• Ear-Worn Devices (Hearables)
• Head-Mounted Displays
• Sports Watches
• Wristbands
• Smart Garments

Application

• Sports and Fitness
• Healthcare
• Security and Proximity
• Electronics
• Industrial
• Automation
• Automotive
• Others

Global Laser Projection Systems Market Regional Analysis/Insights

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

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

The Asia-Pacific region dominates the global laser projection systems market. During the forecast year, the laser projection market will be driven by rising demand for laser projection in the education and cinema segments from countries such as India and China.

On the other hand, prevalence of advanced infrastructure and presence of major players in the region will bolster the growth of North America is the global market share. As a result, the factors will be responsible in making North America, the region, to score the highest growth rate in the forecast period. 

The country section of the 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 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 Global Laser Projection Systems Market Share Analysis

The 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, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global laser projection systems .

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

Apple Inc., PUMA SE, Seiko Epson Corporation, Fitbit, Inc., LG Electronics., SAMSUNG, Garmin Ltd., Huawei Technologies Co., Ltd., Polar Electro, HTC Corporation and UMIDIGI, Sonly Middle East & Africa (Sony Corporation), Lenovo Group Limited, Amazfit (Huami Corporation) LG Electronics Inc., Fossil Group Inc.