Published Date: 24-Jun-2021
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According to a new report Global Projection Mapping Market, published by KBV research, The Global Projection Mapping Market size is expected to reach $8.4 billion by 2027, rising at a market growth of 20.1% CAGR during the forecast period.
2D projection mapping would procure the highest revenue share of the global projection mapping market throughout the forecast period. However, 2D projection mapping is not as attractive and engaging as 3D and 4D projection mapping, several companies are using it highly for its easy utilization and decreased price. 3D and 4D projection mapping have a superior potential in offering higher audience engagement, but when implemented appropriately, 2D projection mapping can also bring an extremely improved visual experience.
Commonly, projectors with a brightness of 10,000 lumens or above are utilized for projection mapping in big venues with huge crowd gatherings. Though, projectors with a brightness level of above 30,000 lumens are more favored in bright environments. The lumen-count increases on the basis of the size of the venue and the ambient light present at the venue. In the last few years, there has been an abrupt increment in the demand for high brightness projectors to simplify projection mapping throughout the day or in brightly lit venues.
The North America market dominated the Global Projection Mapping Market by Region 2020. The Europe market is estimated to grow at a CAGR of 19.2% during (2021 - 2027). Additionally, The Asia Pacific market is experiencing a CAGR of 22.2% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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