The global Projection Mapping Market size is anticipated to reach USD 8.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.9% from 2022 to 2030. Projection mapping can be defined as a 3D video projection technique that uses colors and lights to project virtual images on non-flat surfaces or irregular shapes like city landmarks, industrial sites, public buildings, and several others. Projection mapping offers a unique opportunity to immerse and attract a large audience with inspiring spectacles and captivating shows even from a distance.
The
market was severely impacted due to the COVID-19 pandemic. The several
regulations by the government for entertainment, tourism, and public gathering
due to the pandemic forced people to stay at home. The industry suffered as
major sports, and events were shut down for a long time. The pandemic also
impacted the distribution chains of projection mapping manufacturers which
resulted in the loss of their operations. The market is expected to benefit
from the strategies adopted such as several developments, launches, and
innovations by the market players in the projection mapping industry.
For
instance, in December 2021, Barco appointed LANG AG as a preferred delivery
partner for image and projection processing in Germany and Austria. The
collaboration between both the company focuses on bringing the most innovative
and best solutions to the market. Additionally, in December 2021, Vivitek
announced the launch of DU9900Z, its new heavy-duty laser projector. It offers
features such as warping and edge blending technology along with lens position
memory and motorized lens zoom/shift/focus and is capable of 360-degree
portrait projection.
Projection
Mapping Market Report Highlights
- 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
Projection
Mapping Market Segmentation
Grand
View Research has segmented the global projection mapping market based on
dimension type, throw distance, application, and region:
Projection
Mapping Dimension Type Outlook (Revenue, USD Million, 2017 - 2030)
- 2D
- 3D
- 4D
Projection
Mapping Throw Distance Outlook (Revenue, USD Million, 2017 - 2030)
- Short Throw
- Standard
Throw
Projection
Mapping Application Outlook (Revenue, USD Million, 2017 - 2030)
- Events
- Rental &
Staging
- Large Venue
- Others
Projection
Mapping Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Rest of
Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia
Pacific
- Latin America
- Brazil
- Mexico
- Rest of
Latin America
- Middle East
& Africa
List
of Key Players in Projection Mapping Market
- Seiko Epson
Corporation
- Panasonic
Corporation
- BenQ
- Vivitek, INC
- Sharp NEC
Display Solutions
- Barco
- AV Stumpfl
GmbH
- Optoma
Corporation
- ViewSonic
Corporation
- Digital
Projection
- Christie Digital
Systems
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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