Projection Mapping Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Projection Mapping Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Projection Mapping Market: Overview

The global projection mapping market is forecast to expand with rising adoption in media events since the past few years. Projection mapping is observed to be commonly used in government-sponsored events, product promotions/launches, sports events, concerts, and corporate events. To be specific, three-chip model-based projectors with high brightness are usually engaged in these events. Opening and closing ceremonies of popular sporting events such as Winter Olympics and FIFA U-20 Women's World Cup could be great opportunities for players to increase their sales in the global projection mapping market.

However, there could be some factors arresting the demand in the global projection mapping market. For instance, lack of awareness about projection mapping and expensive cost of the technology compared to conventional ones are envisaged to hinder the growth of the global market. Nonetheless, rising demand in the retail sector for providing engaging information about products and services to customers could offer lucrative growth prospects to players operating in the global projection mapping market.

Global Projection Mapping Market: Trends and Opportunities

The global projection mapping market is not only anticipated to increase growth in the retail sector but also entertainment. Both retail and entertainment companies use projection mapping to increase customer/viewer engagement and thereby business revenue. Theme and amusement parks, worship houses, museums, and other large venues are some of the profit-making applications that could significantly push the growth of the global projection mapping market. In some large venues, projection mapping is used to create visual effects in a 3D environment.

Among different projection mapping offerings, software products are foretold to show higher market growth in the foreseeable future. The software market could increase revenue with the need to frequently update software licenses. Thus, the rise of the software market is expected to bode well for the global projection mapping market.

Global Projection Mapping Market: Market Potential

Use of projection mapping during festive seasons is envisioned to offer a whole lot of opportunities in the global market. This could be evidenced by the Karnataka Department of Tourism’s idea of using 3D projection mapping during the 2018 Dussehra festival to showcase the history of Mysore and Wadiyar dynasty on the walls of the 134-year-old Town Hall. The demand for projection mapping at the time of festivals is not limited to just India, the technology can also be used in other countries during festive seasons.

Global Projection Mapping Market: Regional Outlook

From a geographical standpoint, North America is predicted to gain a lion’s share of the global projection mapping market. The region could bank on its reputation as an important hub for various types of events including sports and corporate. On the other hand, the swelling demand for AR and VR in the region is projected to work in the favor of the projection mapping market in North America. Furthermore, the region could take advantage of the rising availability of 4D and 3D content. The need to create more attentive environments for various applications is expected to increase the demand for 4D content projection in the region.

Asia Pacific could be another region creating rewarding growth prospects in the global projection mapping market. The developing region is prophesied to increase demand for projection mapping with the improvement in infrastructure required to host corporate, sports, and media events.

Global Projection Mapping Market: Competitive Landscape

The global projection mapping market includes top players such as BenQ Corporation, Christie Digital Systems, Barco NV, Seiko Epson Corporation, and Panasonic Corporation. Players are envisioned to ride on the rising need for increased audience engagement, increasing investment in product advertising to increase their presence in the global projection mapping market.

Global Projection Mapping Market: Offering

  • Hardware
    • Projector
      • DLP
      • LCD
    • Media Server
  • Software

Global Projection Mapping Market: Throw Distance

  • Short Throw
  • Standard Throw

Global Projection Mapping Market: Dimension

  • 2-Dimension
  • 3-Dimension
  • 4-Dimension

Global Projection Mapping Market: Application

  • Events
  • Festivals
  • Large Venue
  • Retail/Entertainment

Global Projection Mapping Market: Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Singapore
    • Rest of APAC
  • RoW
    • Middle East
    • South America
    • Africa

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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