Global Projection Mapping Market Opportunities 2024, Forecast To 2033
23 Feb, 2024
The projection mapping market has demonstrated strong growth, rising from $3.21 billion in 2023 to $3.83 billion in 2024, with a 19.4% CAGR. This growth is attributed to the surging demand for various applications, entertainment industry demand, corporate events and exhibitions, increased adoption in advertising, and technological improvements in image processing. Moving forward, the market is projected to reach $7.75 billion in 2028, with a 19.3% CAGR, driven by the expansion of experiential marketing, the rise of interactive projection mapping, increasing demand in retail and hospitality, increasing disposable income boosting the market growth of projection mapping, and the rise in social media platforms exposing a multitude of different datasets. Major trends in the forecast period include advancements in projection technology, growth in augmented reality (AR) and virtual reality (VR), integration with 3D mapping and modeling, integration with spatial computing, and projection mapping for architectural visualization.
Global Projection Mapping Market Key Driver
Projection mapping market growth is driven by its adoption in media events, offering cost savings compared to traditional event planning methods (Source: US Bureau of Labor Statistics).
Get A Free Sample Of The Global Projection Mapping Market ReportGlobal Projection Mapping Market Segments
The projection mapping market covered in this report is segmented –
1)By Offering: Hardware, Software.
2)By Dimension: 2-Dimension, 3-Dimension, 4-Dimension.
3)By Throw Distance: Short Throw, Standard Throw.
4)By Application: Media Events, Venue Openings, Entertainment, Product Launches, Retail, Other Applications.
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the projection mapping market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the projection mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Projection Mapping Industry Players
AV Stumpfl GmbH; Barco NV; BenQ Corporation; Christie Digital Systems USA Inc.; Digital Projection Limited; Seiko Epson Corporation; Panasonic Corporation; NEC Display Solutions Ltd.; Optoma Corporation; Sony Group Corporation; Green Hippo Ltd.; d3 Technologies Ltd.; Coolux GmbH; VYV Corporation; Disguise Technologies; Delta Electronics Inc.; Lightform Inc.; NuFormer B. V.; Magic Innovations Inc.; Ventuz Technology AG; WorldStage Inc.; Bartha Audio Visual Inc.; Blue Pony Digital LLC; Production Resource Group LLC; UVA Imaging; Obscura Digital LLC; Holocube North America LLC; RUSH Design Inc.; Interactive Audio Visual Inc.
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Projection Mapping Market Overview
Projection mapping is a method used to turn objects, often irregularly shaped, into display surfaces for video projection. Adopting the video projection technique known as projection mapping, in which video material is mapped onto a surface, a regular object, such as a building, runway, stage, or even a body of water, may become an astonishing show. To create a pleasurable experience of light and illusion, these surfaces transform into canvases, playing off the shape and texture of the surface. Even interactive elements may be created using these photos and mapping tools.
Projection Mapping Global Market Report 2023 provides data on the global projection mapping market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The projection mapping market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.