Projection mapping has bright future according to two new reports

The global projection mapping market to reach $8billion by 2026 and could hit $12bn by 2027, according to two new industry research reports published in recent weeks.

In its latest report, IndustryARC predicts that the projection mapping market is expected to reach US$8.1 billion after growing at an estimated CAGR of 22.3% during 2021-2026.

North America is seen to be the major region with a share of 44% in 2020 for this market, owing to the legacies of offering immersive entertainment experiences, early adoption of VR technology, and enormous demand from high-profile projects. The events/festivals segment will hold the largest share of 51% during the forecast period 2021-2026 owing to the demand for big-screen visuals for entertainment and oversized AV content across various business enterprises.

IndustryARC names the 5 players in the projection mapping industry as;

1. BenQ 
2. Christie
3. Digital Projection
4. Panasonic
5. AV Stumpfl

In research published by Reportlinker.com in its report entitled Global Projection Mapping Industry, it estimates the market to be worth $3bn in 2020, and it is projected to reach a revised size of $12.1bn by 2027, growing at a CAGR of 21.3% over the period 2020-2027.

Hardware is projected to record 20.2% CAGR and reach $6.6bn by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the software segment is readjusted to a revised 22.7% CAGR for the next 7-year period.

The projection mapping market in the U.S. is estimated at $915.5 million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of $2.1bn by the year 2027 trailing a CAGR of 20.9% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.8% and 18% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.4% CAGR.

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