The laser projector market is projected to grow at a CAGR of 20.11% to reach US$4,086.781 million by 2024, from US$1,361.100 million in 2018. The demand for laser projectors is expected to grow during the forecast period on account of increasing adoption of laser projectors due to the various advantages it provides over the traditional lamp-based projectors, such as better contrast and color and lower running costs. However, the high initial setup costs and the availability of cost-effective alternatives will hinder the growth of the market. The Asia Pacific market will see much growth during the next five years due to the rising demand for laser projectors from countries like China and India, which is due to the improvement in the standards of living and increasing demand in the education and entertainment segments.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the laser projector value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the laser projector market.
Major industry players profiled as part of the report are LG Electronics, Sony Electronics Inc., Casio Computer Co., Ltd., Optoma Corporation, Panasonic Corporation, among others.
The laser projector market has been analyzed through following segments:
RGB Laser Light Source
Middle East and Africa