Middle East and Africa Laser Projection Systems Market, By Type (CAD Laser Projector System and Laser Projector), Component (Hardware, Software and Services), Dimensional Type (2D and 3D), Power Range (5MW-10MW,11 MW-30 MW and Above 30MW), Technology (Augmented Reality, Light Signal and Speech Instructions and Others), Illumination Type (Laser Phosphor, Hybrid, RGB Laser, Laser Diode, Others), Resolution (XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), HD (1920 x 1080 pixels), 4K (4096 x 2160 pixels), Others), Application (Composite Lay-Ups, Interior Assembly, Welding, Guided Assembly, Prefabricated Construction, Picking & Assembly, Component Recognition, System Evaluation, Sequencing, and Others), End-User (Composite, Aerospace & Defense, Automotive & Heavy Equipment, Logistics, Shipbuilding & Energy, Construction & Rigging, Medical, Steel Industry, Wind Industry, Railway, Paper, and Others) – Industry Trends and Forecast to 2030.
Middle East and Africa Laser Projection Systems Market Analysis and Size
Laser projectors have largely superseded lamp-based projectors in a variety of situations, including businesses, public spaces, movie theatres, and educational institutions. They are widely utilised in these types of applications as well as in industrial, commercial, and residential settings. The technology segment of the global laser projection systems market is now dominated by augmented reality due to how simple it is for employees to complete tasks.
Data Bridge Market Research analyses that the laser projection systems market, valued at USD 915.34 million in 2022, will reach USD 2,742.14 million by 2030, growing at a CAGR of 14.70% during the forecast period of 2023 to 2030. 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.
Middle East and Africa Laser Projection Systems 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 Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (CAD Laser Projector System and Laser Projector), Component (Hardware, Software and Services), Dimensional Type (2D and 3D), Power Range (5MW-10MW,11 MW-30 MW and Above 30MW), Technology (Augmented Reality, Light Signal and Speech Instructions and Others), Illumination Type (Laser Phosphor, Hybrid, RGB Laser, Laser Diode, Others), Resolution (XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), HD (1920 x 1080 pixels), 4K (4096 x 2160 pixels), Others), Application (Composite Lay-Ups, Interior Assembly, Welding, Guided Assembly, Prefabricated Construction, Picking & Assembly, Component Recognition, System Evaluation, Sequencing, and Others), End-User (Composite, Aerospace & Defense, Automotive & Heavy Equipment, Logistics, Shipbuilding & Energy, Construction & Rigging, Medical, Steel Industry, Wind Industry, Railway, Paper, and Others)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Israel, Egypt, and Rest of Middle East and Africa
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Market Players Covered
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FARO (U.S.), MET OPTIX (Australia), LAP GmbH Laser Applications (Germany), Aligned Vision (U.S.), Virtek Vision International ULC (Canada), Z-LASER GmbH (Germany), SL-Laser GmbH (Germany), Hutchinson Manufacturing. (U.S.), Carter Products Company, Inc. (U.S.), Laserglow Technologies (Canada), Panasonic Corporation (Japan), Sony Corporation (Japan), Canon Inc. (Japan), and LG Electronics (South Korea)
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Market Opportunities
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Market Definition
A laser projector is a tool that produces moving images on a screen for professional usage using shifting laser beams. It consists of a housing that contains mirrors, galvanometer scanners, lasers, and other optical parts. Laser-based projection offers superior colour and contrast, longer brightness life, and less maintenance than comparable lamp-based devices.
Laser Projection Systems Market Dynamics
Drivers
- Longer product lifespan will bolster the market growth
Laser projectors are used in a variety of applications depending on the brightness and image quality requirements. As they use a laser light source to project the image on the screen, laser projectors have a longer lifespan than lamp projectors. Since the laser light source maintains its brightness, the picture quality is more consistent over the life of the projector. Among the major manufacturers of high-brightness laser projectors are Epson, Panasonic, and Sony.
- Rising demand from the end user for its advantages is a major driver
The growing use of laser projection technology in a variety of industries, as well as lower maintenance costs, are driving the market. These laser projectors require little cooling and can operate at low temperatures. The market for laser projectors is expanding due to the advantages that laser projectors have over lamp-based projectors, such as their long lifespan (up to 10 years), reduced power consumption and heat production, and high contrast, brighter, and clearer images. As a result, these are preferred in a variety of industries, such as business, film, education, and retail.
Opportunities
- Product innovation is a promising opportunity
With the growing demand for laser projection systems from end-user verticals, major market players are upgrading their products to provide the most technologically advanced model. The increasing adoption of laser phosphor-based projectors, which are used in a variety of applications such as boardrooms, classrooms, houses of worship, museums, and location-based entertainment, is thus one of the key factors acting as a market opportunity. Furthermore, the market is expected to grow due to the numerous advantages of laser projectors, such as their low maintenance and cost-effectiveness.
Restraints/Challenges
- High cost will derail the market growth rate
In light of the most recent advancements, laser projectors and laser projection systems are becoming more expensive. When compared to a lamp projector, the advantages of a laser projector during its lifetime become clear. Many manufacturers charge exorbitant prices for projectors with high lumen output. A projector's price is determined by its lumens. The price of the projector rises as the lumen level rises.
This laser projection systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 laser projection systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take 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 Developments
- In 2019, Epson manufactured the world's smallest 3LCD laser projectors, the EPSON EF-100B and EF-100W, in Malaysia. They can project footage up to 150 inches in size and have a brightness of 2000 lumens.
- In 2019,Nebra launched the Nebra AnyBeam, a pico laser projector. This projector is built on Raspberry Pi and has efficient, tiny, and affordable features for creating sharp images up to 150 inches in size.
Middle East and Africa Laser Projection Systems Market Scope
The laser projection systems market is segmented on the basis of type, component, dimensional type, power range, technology, illumination type, resolution, application, and end-user. The growth amongst these segments will help you analyze meagre 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.
Type
- CAD Laser Projector Systems
- Laser Projector
Component
- Hardware
- Software
- Services
Dimensional Type
- 2D
- 3D
Power Range
- 5MW-10MW,
- 11 MW-30 MW
- Above 30MW
Technology
- Augmented Reality
- Light Signal and Speech Instructions
- Others
Illumination Type
- Laser Phosphor
- Hybrid
- RGB Laser
- Laser Diode
- Others
Resolution
- XGA (1024 x 768 pixels)
- WXGA (1280 x 800 pixels)
- HD (1920 x 1080 pixels)
- 4K (4096 x 2160 pixels)
- Others
Application
- Composite Lay-Ups
- Interior Assembly
- Welding
- Guided Assembly
- Prefabricated Construction
- Picking & Assembly
- Component Recognition
- System Evaluation
- Sequencing
- Others
End-user
- Composite
- Aerospace & Defense
- Automotive & Heavy Equipment
- Logistics
- Shipbuilding & Energy
- Construction & Rigging
- Medical
- Steel Industry
- Wind Industry
- Railway
- Paper
- Others
Laser Projection Systems Market Regional Analysis/Insights
The laser projection systems market is analyzed and market size insights and trends are provided by country, type, component, dimensional type, power range, technology, illumination type, resolution, application, and end-user as referenced above.
The countries covered in the laser projection systems market report are Saudi Arabia, U.A.E, South Africa, Israel, Egypt, and Rest of Middle East and Africa.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream 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 their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Laser Projection Systems Market Share Analysis
The laser projection systems market competitive landscape provides details by competitor. 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, application dominance. The above data points provided are only related to the companies' focus related to laser projection systems market.
Some of the major players operating in the laser projection systems market are:
- FARO (U.S.)
- MET OPTIX (Australia)
- LAP GmbH Laser Applications (Germany)
- Aligned Vision (U.S.)
- Virtek Vision International ULC (Canada)
- Z-LASER GmbH (Germany)
- SL-Laser GmbH (Germany)
- Hutchinson Manufacturing. (U.S.)
- Carter Products Company, Inc. (U.S.)
- Laserglow Technologies (Canada)
- Panasonic Corporation (Japan)
- Sony Corporation (Japan)
- Canon Inc. (Japan)
- LG Electronics (South Korea)
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