The Latin America, Middle East and Africa Projection Mapping Market would witness market growth of 25.1% CAGR during the forecast period (2021-2027).
Projection mapping is a type of projection technology that is used to rotate an object or an area into a viable surface with an aim to project a video, animation, and some other colorful displays. Areas or objects utilized for projection mapping involve small indoor objects and big theatrical stages, buildings, or industrial landscapes. It is feasible to conduct projection mapping in 2-D, 3-D, and 4-D. There would be a massive demand for project mapping throughout the forecast years. Aspects like the growing adoption of projection mapping for media events, rising demand for high-brightness projectors, a high number of advertising expenses, and deployment of projection mapping for product launch applications would act as catalysts for the growth of the projection mapping market during the forecast period.
These days, projection mapping penetrates public events such as product launches, and concert halls with an aim to create the excitement level of the audience and also becomes the crucial part of these events by emotionally connecting the audience, rising the wow factor, and encouraging higher participation. The companies harnessing the technology are now capable to bring customers and event-goers further near to the brand by offering them connecting & improved experience with appealing graphical content and pictures that showcase the users. The massive developments in the technological domain of projection mapping such as radiometric compensation and geometric calibration have enabled the increment in its application.
UAE comprises of many tall buildings which are the center of attraction for many tourists visiting the country. For instance, Burj Khalifa witnesses millions of people during the New Year's eves. The world’s tallest building displays many characters and inspiring people with the help of projection mapping technique and many tourists as well as local people come to witness the events. These types of events continue to attract more tourists to the country, thereby would boost the demand & growth of the regional projection mapping market in the next few years.
The Brazil market dominated the LAMEA Software Projection Mapping Market by Country 2020, thereby, achieving a market value of $57.8 million by 2027. The Argentina market would witness a CAGR of 26.9% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 26% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Projection Mapping Market is Predict to reach $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 Country
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