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 : October, 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

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?