Projection Mapping Market worth $7.9 billion by 2026 - Exclusive Report by MarketsandMarkets™
CHICAGO, May 31, 2021 /PRNewswire/ -- According to a research report, "Projection Mapping Market with Covid-19 Impact Analysis by Offering (Hardware (Projector, Media Server), Software), Throw Distance, Dimension (2D, 3D, 4D), Lumens, Applications (Media, Venue, Retail, Entertainment), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Projection Mapping Market, is expected to reach USD 7.9 billion by 2026 from USD 2.8 billion in 2021, at a CAGR of 23.4% during the 2021-2026 period.
Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=252209050
The rapid growth of the global projection mapping market is attributed to driving factors such as the increasing adoption of projection mapping for media events, rising advertising expenditure, adoption of projection mapping for product launch applications, and increasing demand for high-brightness projectors.
Projection mapping software market is expected to witness the highest CAGR during the period 2021 to 2026
Projection mapping is generally used in large venue applications with massive crowd gatherings such as media events and entertainment. However, in recent years, projection mapping is also being adopted in small and medium-sized venue applications. Due to the increased adoption of projection mapping on irregular surfaces and objects, there is a rise in demand for projection mapping software. Projection mapping software is extremely useful in seamlessly transforming irregular surfaces and objects into a screen or canvas for projection mapping.
Projection mapping market for projectors with brightness above 30,000 lumens to grow at the highest CAGR during the forecast period
In auditoriums and large venues, projectors with high brightness are used. Based on the size of the venue and the ambient light, a suitable projector that delivers the appropriate amount of brightness is selected. For instance, in large auditoriums and stadiums where projection mapping needs to be done during the day, projectors with a brightness of more than 50,000 lumens are used. High brightness projectors are extremely useful for large venues and at venues with high ambient light.
Browse in-depth TOC on "Projection Mapping Market"
150 – Tables
70 – Figures
246 – Pages
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=252209050
North America to hold the largest share of projection mapping market during the forecast period
North America holds the largest share in the global projection mapping market. The major factors driving market growth in this region include the rising number of media events, the presence of multiple companies that manufacture or develop the devices and software needed for projection mapping, and the presence of various technologically advanced countries that are using projection mapping for multiple applications. Factors such as the rise in advertising expenditure, and the increased adoption of permanent projection mapping installations at the tourist sites are also supporting the growth of the projection mapping market in North America.
The report profiles key players such as Panasonic (Japan), Epson (Japan), BenQ (Taiwan), Barco (Belgium), Christie Digital Systems (US), Optoma Corporation (Taiwan), Digital Projection Limited (UK), NEC Display Solutions (US), ON Vivitek (Netherlands), ViewSonic (US), and AV Stumpfl (Austria).
Related Reports:
Portable Projector Market with COVID-19 Impact Analysis, Technology (DLP,LCD, LCOS), Dimension (2D,3D), Lumen(Below 500, 500 to 3,000, Above 3,000), Resolution(VGA,XGA, HD & FHD), Projection, Application, and Region - Global Forecast to 2025
DLP Projector Market by Light Source (Lamp, LED, and Laser), Chip Model, by Brightness, Throw Distance (Normal Throw, Short Throw, and Ultra-short Throw), Application, and by Geography (The Americas, Europe, APAC, and RoW) - Global Forecast to 2020
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/projection-mapping-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/projection-mapping.asp
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article