North America Projection mapping Market, By Throw Distance (Standard Throw, Short Throw), Dimension (2-Dimensional, 3-Dimensional, 4-Dimensional), Lumens (3,500-10,000, 10,000-30,000, Above 30,000), Offering (Hardware, Software), Application (Festivals, Events, Retail/Entertainment, Large Venue, Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Projection Mapping Market
Projection mapping market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the projection mapping market to exhibit a CAGR of 20.00% for the forecast period of 2021-2028.
Projection mapping is basically a projection technology that is used for displaying the displaying video, animation or other images to be showcased of the objects on any surface and to provide information of the objects which are complicated in design such as small indoor objects, buildings and others, which can be projected in 2D, 3D and 4D visualization by using the software. This technology is extensively being used in applications such as computing, decoration, media events, live concerts, theater, films, gaming and advertising.
The increasing adoption of projection mapping in media events and increasing demand for high brightness projectors across the globe will emerge as the major factor driving market growth. The rise in advertising expenditure along with the growing adoption of projection mapping in numerous industries and high customer satisfaction with the product will further aggravate the market value. However, high resolution is expected to incur high costs which act as a restraint for the market. The lack of awareness regarding the projection technology among consumers also hampers the market’s growth.
In addition to this, rising applications and usage of augmented reality (AR) and virtual reality (VR) and increasing adoption of 4K and 8K resolution, create new opportunities for growing the market within the forecast period. The requirement of multiple devices like media servers, mapping, projectors, and modelling software along with skilled practitioners makes it a complex procedure that might dampen the growth rate that further result as a challenge for the market.
This projection mapping 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, geographical expansions, technological innovations in the market. To gain more info on projection mapping market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Projection Mapping Market Scope and Market Size
The projection mapping market is segmented on the basis of throw distance, dimension, lumens, offering and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of throw distance, the projection mapping market is segmented into short throw and standard throw.
- On the basis of dimension, the projection mapping market is segmented into 2-dimension, 3-dimension and 4-dimension.
- On the basis of lumens, the market is segmented into 3,500-10,000, 10,000-30,000 and above 30,000.
- On the basis of offering, the projection mapping market is segmented into hardware and mapping software. Hardware is further segmented into projector and media server. Hardware is further sub-segmented into DLP and LCD.
- On the basis of application, the projection mapping market is segmented into events, festival, large venue, retail/ entertainment and others.
North America Projection Mapping Market Country Level Analysis
The projection mapping market is analyzed and market size, volume information is provided by throw distance, dimension, lumens, offering and application as referenced above.
The countries covered in the projection mapping market report are U.S., Canada and Mexico in North America.
The country section of the projection mapping 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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America 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 North America Projection Mapping Market Share Analysis
The projection mapping 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, application dominance. The above data points provided are only related to the companies’ focus related to projection mapping market.
The major players covered in the projection mapping market report are Panasonic Corporation, Barco, BenQ, Vivitek, ViewSonic Corporation, Pixel Rain Digital, HeavyM, Blue Pony, LUMITRIX, Green Hippo, garageCube, Resolume, AV Stumpfl GmbH, NuFormer, Sharp NEC Display Solutions of America, Inc., Digital Projection, Optoma USA, Christie Digital Systems USA, Inc., and Seiko Epson Corporation among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.