Projection Mapping Market Analysis Trends, Scope, growth, Drivers, Challenges, Size, & Customization Available for Forecast 2028
Projection Mapping Market Analysis Trends, Scope, growth, Drivers, Challenges, Size, & Customization Available for Forecast 2028
The projection mapping market is expected to witness market growth at a rate of 20.4% in the forecast period till 2028. The projection mapping market is expected to witness market growth at a rate of 20.4% in the forecast period of 2022 to 2028. Data Bridge Market Research report on projection mapping market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in use of projection mapping in media events across the globe is escalating the growth of projection mapping market. The projection mapping market is experiencing lucrative growth possibilities for indoor applications and smaller events and technologies like spatial augmented reality and projected AR is being highly utilized to streamline projection mapping while following social distancing. The projection mapping market would witness recovery in 2021 owing to the gradual increment in the number of medical events and sporting events around the globe and a surge in advertising expenses around the globe.
Key Industry Insights & Findings from the report:
In terms of dimension, the 3D projection segment held the largest revenue share in 2021 and is projected to retain its dominance over the forecast period. The growth of the segment is attributed to the increasing adoption rate of 3D over 2D by audiences as it has a higher potential in providing higher audience engagement. Moreover, combining 3D projection mapping and AR technologies offer an enhanced digital experience. The 2D and 4D segments are anticipated to grow at a CAGR of 9.8% and 14.7% respectively over the forecast period.
In terms of throw distance, the standard throw segment held the largest revenue share in 2021 and is projected to maintain its position over the forecast period. The market growth of this segment is attributed to the increasing adoption of standard throw projectors which provide large images and are placed at a distance from the screen to attract large audiences, tourists, and several others in various media, hospitality, entertainment, museums, and others sectors. The short-throw segment is likely to register a CAGR of 10.2% over the forecast period.
In terms of application, the events segment dominated the market in 2021 and is projected to maintain its dominance over the forecast period. The market growth of this segment is mainly due to the increasing adoption of projection mapping by most sectors for advertisement, promotion, launches, sports opening ceremonies, and others. The rental and staging segment is likely to register the highest CAGR of 13.2% over the forecast period.
Asia Pacific dominated the market in 2021 and is expected to witness a CAGR of 12.1% over the forecast period. The market growth of the region is primarily due to the increasing investment by the government as well as private organizations to support and introduce advanced technology use across the region. North America held a market share of 26.5% in 2021 and is expected to grow at a CAGR of 10.3% over the forecast period. This is due to the existence of a large number of market players and the standard of living and spending behavior related to entertainment, and tourism in the region.
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The major players covered in the projection mapping market report are Panasonic India, SEIKO EPSON CORP, BenQ, Barco, Christie Digital Systems USA, Inc., Optoma USA, Digital Projection, Sharp NEC, Display Solutions of America, Inc., Vivitek, ViewSonic, NuFormer, AV Stumpfl GmbH, Resolume, Lumitrix s.r.o, Green Hippo, garageCube, Blue Pony, HeavyM, Pixel Rain Digital among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Market by Product & Procedure type
Get TOC Details
https://www.databridgemarketresearch.com/toc/?dbmr=global-projection-mapping-market
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