The Europe Projection Mapping Market would witness market growth of 19.2% CAGR during the forecast period (2021-2027).
As a company opts for developing the object that will be projected, it will utilize specific software to bring the vision to life. This tailored software is utilized to spatially map a two- or three-dimensional object. The software can imitate the actual environment that the object will be projected on and can be utilized to develop projection mapping ads, tell stories at events, and more. In addition to it, it can interact with a projector of any kind or any sized image you want to onto the surface of your desired object. This assists artists and advertisers who desire to include optical illusions, additional dimensions, and the illusion of motion on objects that were once stationary.
In addition to it, some software solutions are also created to develop real-time projects that are extremely useful for end-users with an aim to host programs like live performances, hence boosting the demand of the projection mapping market. Besides, further developments of algorithms like High-Resolution Projection, Local Per-Pixel Radiometric Compensation, Non-rigid Dynamic Projection, and others by experts complement the growth of the market.
Business owners in the European region are highly deploying projection mapping for retail in order to attract a high number of customers to retail outlets, hence boosting the number of sales. A beautiful visual experience like projection mapping in the last few years has assisted numerous retailers in motivating many customers and assists them to compare their products with their competitors with the help of high engagement and promotional strategies. With various short-term and long-term projections mapping deployment for several applications such as venue openings, media events, entertainment, product launches, and retail, the region would witness a high number of lucrative growth opportunities in the next few years.
The Germany market dominated the Europe Projection Mapping 3D Market by Country 2020, thereby, achieving a market value of $155.9 million by 2027. The UK market is exhibiting a CAGR of 18.8% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 20.5% during (2021 - 2027).
Based on Throw Distance, the market is segmented into Standard Throw and Short Throw. Based on Dimension, the market is segmented into 2D, 3D and 4D. Based on Brightness, the market is segmented into 10,000-30,000 Lumens, 3,500-10,000 Lumens and Above 30,000 Lumens. Based on Offering, the market is segmented into Hardware and Software. Based on Application, the market is segmented into Media Events, Entertainment, Venue Openings & Product Launches, Retail, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Projection Mapping Market Size will Hit $8.4 Billion by 2027, at a CAGR of 20.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Corporation, Seiko Epson Corporation, NEC Corporation, Delta Electronics, Inc. (Vivitek), Coretronic Corporation (Optoma Corporation), Digital Projection Limited, Qisda Corporation (BenQ), Barco NV, Ushio, Inc., and ViewSonic Corporation.
By Throw Distance
By Dimension
By Brightness
By Offering
By Application
By Country
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