The Projection Mapping Global Market Report 2023 by The Business Research Company, provides projection mapping market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Projection Mapping Global Market Report 2023, the global projection mapping market size will grow from $2.74 billion in 2022 to $3.29 billion in 2023 at a compound annual growth rate (CAGR) of 20.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the projection mapping is expected to grow to $6.79 billion in 2027 at a CAGR of 19.8%.
The increasing integration of projection mapping in media events is poised to drive the growth of the projection mapping market. This technique involves projecting video footage onto surfaces, transforming ordinary objects like buildings, stages, and water into captivating displays. Projection mapping enhances visual aesthetics, providing a compelling way for the media to engage audiences. Furthermore, it offers cost savings, as highlighted by the US Bureau of Labor Statistics, with the annual wage for meeting, convention, and event planners in 2021 being $49,470. The media industry is anticipated to grow by 18% by 2030, with an average of 16,400 opening meetings held annually. Consequently, the increasing adoption of projection mapping in media events is a significant driver for the growth of the projection mapping market.
A notable trend in the projection mapping market is the incorporation of augmented and virtual reality (AR/VR). Leading companies in projection mapping services are actively leveraging AR/VR to create immersive experiences and fortify their market presence. Virtual reality (VR) enables users to interact with a simulated 3D environment, while augmented reality (AR) enhances the real world with digital elements. Projection mapping works in tandem with these technologies, allowing the projection of desired images onto surfaces. This integration eliminates the need for head-mounted AR glasses, making it more accessible. In October 2021, Nextech AR Solutions Corp. introduced its “mini-metaverse” at the City of London’s “Harmony at London Wall Place,” utilizing ARway spatial mapping technology and software development kits to enhance the City of London Metaverse. This signifies a notable advancement in the fusion of projection mapping and AR technology.
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The projection mapping market 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.
Top Major Players
AV Stumpfl GmbH,
Barco,
BenQ,
Christie Digital Systems USA Inc.,
Digital Projection
The projection mapping market report table of contents includes:
- Executive Summary
- Projection Mapping Market Characteristics
- Projection Mapping Market Trends And Strategies
- Projection Mapping Market – Macro Economic Scenario
- Projection Mapping Market Size And Growth
- Projection Mapping Market Segmentation
- Projection Mapping Market Regional And Country Analysis
………….
- Key Mergers And Acquisitions In The Projection Mapping Market
- Projection Mapping Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Projection Mapping Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Projection Mapping Market, Segmentation By Dimension, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Projection Mapping Market, Segmentation By Throw Distance, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: AV Stumpfl GmbH Financial Performance
Table 48: Barco Financial Performance
Table 49: BenQ Financial Performance
Table 50: Christie Digital Systems USA Inc Financial Performance
Table 51: Digital Projection Financial Performance
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