Global Projection Mapping Market, By Throw Distance (Short Throw, Standard Throw), Dimension (2-Dimension, 3-Dimension, 4-Dimension), Offering (Hardware, Mapping Software), Application (Events, Festival, Large Venue, Retail/ Entertainment, Others) - Industry Trends and Forecast to 2030.
Projection Mapping Market Analysis and Size
The global projection mapping market is segmented on the basis of throw distance, dimension, offering and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. These advances have made it possible to develop more sophisticated AI software that can handle large amounts of data and make complex decisions.
Data Bridge Market Research analyses that the global projection mapping market which was USD 2.80 billion in 2022, is expected to reach USD 12.53 billion by 2030, and is expected to undergo a CAGR of 20.50% during the forecast period of 2023 to 2030. “Short Throw” dominates the offering segment of the global projection mapping market due to advances in parallel processing, data storage, and computer power. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Projection Mapping Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Throw Distance (Short Throw, Standard Throw), Dimension (2-Dimension, 3-Dimension, 4-Dimension), Offering (Hardware, Mapping Software), Application (Events, Festival, Large Venue, Retail/ Entertainment, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa
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Market Players Covered
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Panasonic Holdings Corporation (Japan), SEIKO EPSON CORP (Japan), BenQ (Taiwan), Barco (Belgium), Christie Digital Systems USA, Inc. (U.S.), Optoma. (U.S.), Digital Projection (U.K.), Sharp NEC (Japan), Display Solutions of America, Inc. (U.S.), ViewSonic (U.S.), NuFormer (Netherlands), AV Stumpfl GmbH (Austria), Resolume (Netherlands), Lumitrix s.r.o (Czechia), Green Hippo (U.K.), garageCube (Switzerland), HeavyM (France), Pixel Rain Digital (U.S.)
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Market Opportunities
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Market Definition
The projection mapping refers to a projection technology which turns an area or object into a plausible surface for displaying video, animation or other images to be showcased. The area or object utilized for the purpose of projection could range from small indoors to massive theatrical stages or industrial buildings. This technology is extensively being used in applications such as media events, films and advertising. The process is implemented in various areas and could be carried out in 2D, 3D and 4D.
Global Projection Mapping Market Dynamics
Drivers
- High Usage of Projection Mapping
The increase in the utilization of projection mapping technology in media events globally acts as one of the major factors driving the global projection mapping market. The rise in investment for product advertising has a positive impact on the market.
- Increase in Popularity of Projection Mapping
The increase in demand of the product owing to its features such as portability, flexibility, limitless use of visual effects and the adjustability with any surface being used for projection accelerate the projection mapping market growth.
- Use in Sports and Film Theatres
The increase in the use of projection mapping technology for continuous hours, and wide use in large events such as sports and film theatres further influence the global market. The growing adoption of projection mapping in numerous industries and high customer satisfaction with the product assist in the expansion of the market. In addition, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the projection mapping market.
Opportunity
- Increasing Adoption of 4K and 8K Resolution
Adoption of 4K and 8K resolution, and use of augmented and virtual reality extend profitable opportunities to the market players in the forecast period of 2023 to 2030. Also, surge in 3D and 4D content will further expand the market.
Restraints/Challenges
- Higher Cost associated with the projection mapping
High cost associated with the projection mapping and decrease in the number of outdoor events due to the pandemic are expected to obstruct market growth. Also, complexity of projection mapping and lack of awareness and knowledge are projected to challenge the projection mapping market in the forecast period of 2023 to 2030.
- Lack of Skilled Professionals
There is a shortage of skilled professionals who can develop and implement projection mapping campaigns. This is a major challenge for businesses that want to adopt their marketing strategies.
This global projection mapping market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global projection mapping market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In Mach 2021, Barco unveiled information about the F400-HR. This projected is the world's first truly native 4K single-chip DLP projector that can achieve resolution without the requirement for pixel stuffing
- In March 2021, Seiko Epson Corporation launched EB-PU1000 Series and EB-PU2010 laser projectors. These projectors are known to offer an output ranging from 6,000 to 10,000 lumens resulting in bright and true-to-life images
Global Projection Mapping Market Scope
The global projection mapping market is segmented on the basis of throw distance, dimension, offering, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Throw Distance
- Short Throw
- Standard Throw
Dimension
- 2-Dimension
- 3-Dimension
- 4-Dimension
Offering
- Hardware
- Mapping
- Software
Application
- Events
- Festival
- Large Venue
- Retail/Entertainment
- Others
The Global Projection Mapping Market Region Analysis/Insights
The Global Projection Mapping Market is analyzed and market size insights and trends are provided by region, throw distance, dimension, offering and application as referenced above.
The regions covered in the global projection mapping market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the Global Projection Mapping Market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.
North America dominates the global projection mapping market because North America is home to some of the world's leading research universities and research institutions, which are constantly developing new AI-powered marketing technologies.
Asia-Pacific is the fastest-growing country in the global projection mapping market due to businesses in Asia-Pacific are increasingly adopting AI to improve their marketing performance. This is being driven by the region's large and growing market, as well as the increasing availability of AI-powered marketing solutions.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Projection Mapping Market Share Analysis
The global projection mapping market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global projection mapping market.
Some of the major players operating in the global projection mapping market are:
- Panasonic Holdings Corporation (Japan)
- SEIKO EPSON CORP (Japan)
- BenQ (Taiwan)
- Barco (Belgium)
- Christie Digital Systems USA, Inc. (U.S.)
- Optoma. (U.S.)
- Digital Projection (U.K.)
- Sharp NEC (Japan)
- Display Solutions of America, Inc. (U.S.)
- ViewSonic (U.S.)
- NuFormer (Netherlands)
- AV Stumpfl GmbH (Austria)
- Resolume (Netherlands)
- Lumitrix s.r.o (Czechia)
- Green Hippo (U.K.)
- garageCube (Switzerland)
- HeavyM (France)
- Pixel Rain Digital (U.S.)
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