Projection Mapping Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Projection mapping is a kind of projection technology which is utilized to turn an object or an area into a plausible surface for the purpose of projecting a video, animation and some other colorful displays. Areas or objects used for projection mapping include small indoor objects as well as big theatrical stages, buildings or industrial landscapes. It is possible to carry out projection mapping in 2-D, 3-D and 4-D. Demand for Project mapping is anticipated to increase during the forecast period.

MARKET SCOPE

The "Global Projection Mapping Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the projection mapping market with detailed market segmentation by component, projection type, application and geography. The report provides key statistics on the market status of the leading projection mapping market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global projection mapping market is segmented into hardware, software and services.
  
•   On the basis of projection type, the market is segmented into 2 dimensional, 3 dimensional and 4 dimensional.
  
•   Based on application, the market is bifurcated into advertisement, events and festivals and education.
  

MARKET DYNAMICS

Drivers:

•   Advancing technology has led to the increased demand for projection mapping.
  
•   Increasing disposable income to boost market growth of projection mapping.
  

Restraints

•   Lack of awareness regarding projection mapping.
  
•   Scarcity of knowledgeable workforce required for this kind of mapping.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The projection mapping market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the projection mapping market in these regions.

IMPACT OF COVID-19 ON PROJECTION MAPPING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Key market players have witnessed a slowdown in their operations since the pandemic started. The demand itself has gone down as large gatherings and crowding is not allowed as a part of restriction guidelines. However, projection mapping market sees a promising growth once the situation gets back to normal.

MARKET PLAYERS

The report covers key developments in the projection mapping market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from projection mapping market are anticipated to lucrative growth opportunities in the future with the rising demand for projection mapping in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the projection mapping market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Alford Media
  
•   Barco
  
•   Benq Corporation
  
•   Chicago Projection Mapping
  
•   Digital Projection Ltd.
  
•   Panasonic Corporation
  
•   Pixel Rain Digital
  
•   Seiko Epson Corporation
  
•   Takeleap DMCC
  
•   United Projection
  
•   Urban Projection
  
•   World Stage
  
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Projection Mapping Report Scope