Laser projector market set to grow rapidly, reaching $69.9 billion by 2032

From GlobeNewswire: 2025-01-06 05:32:00

The Laser Projector Market is on the rise, valued at USD 15.5 billion in 2023 and projected to reach USD 69.9 billion by 2032. Advancements in laser technology offer superior brightness, color accuracy, and longer lifespan, driving adoption in various sectors like entertainment, business, and education.

In the laser projector industry, the media and entertainment sector is expected to see the most growth, with a projected CAGR of 20%. Laser projectors are becoming popular in cinemas for their ability to display ultra-high-definition content and deliver enhanced brightness and color accuracy.

Laser phosphor projectors are set to dominate the market with an estimated value of USD 24.8 billion by 2032. These projectors offer vivid, accurate images and require less maintenance compared to traditional lamp-based systems, making them a popular choice in various industries.

In North America, the U.S. holds the largest share of the laser projector market, accounting for 71.4% in 2023. The country’s dominance in entertainment, business, and education sectors, along with the rising demand for high-quality visuals, contributes to market growth.

Key players in the laser projector market include Barco NV, BenQ Corporation, Canon Inc., and Dell Technologies Inc. These companies are driving innovation and growth in the industry, catering to the increasing demand for high-quality projection systems across different sectors.



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