Laser Projectors MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Laser Projectors Market.
The growth sectors of the Laser Projectors Market are identified with precision for a better growth perspective.For the purpose of this study, the global laser projector market has been segmented on the basis of illumination type, resolution, vertical, and region.By illumination type, the global laser projector market has been segmented into laser phosphor, hybrid, RGB laser, laser diode, and others.
The laser phosphor segment is expected to dominate the global laser projector market since this type of projectors provides illumination of approximately 15,000–25,000 lumens which is ideal for applications in museums, educational events, government departments, and movie theaters.
On the other hand, the RGB laser segment is expected to witness the highest CAGR during the forecast period owing to the demand for high resolution and high-quality images by the media and entertainment industry.By resolution, the global laser projector market has been segmented into XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), HD (1920 x 1080 pixels), 4K (4096 x 2160 pixels), and others.
The HD segment is expected to dominate the global market as the maintenance costs of these projectors is less and hence, is highly preferred by consumers.
The media & entertainment segment is expected to dominate the global market since the segment has witnessed rapid adoption of RGB laser projectors.