Press release
Projection Mapping Market Size Projected To Reach $9.4 Billion By 2034 With A Cagr Of 20.7%
Projection Mapping
What Is the Projected Growth of the Projection Mapping Market?
The dimension of the projection mapping market has swiftly expanded in the previous few years, escalating from a value of $3.75 billion in 2024 to an anticipated $4.43 billion in 2025. This corresponds to a compound annual growth rate (CAGR) of 18.3%. Factors such as the surge in demand for various applications, the needs of the entertainment industry, corporate events and exhibitions, burgeoning use in the advertising sector, and advancements in image processing technology have all contributed to the market's growth during the historical phase.
Expectations are high for the projection mapping market to expand exponentially in the coming years, with anticipated growth to $9.4 billion by 2029 at a compound annual growth rate of 20.7%. The surge during the forecast period can be correlated with the broadening of experiential marketing, the emergence of interactive projection mapping, rising demand in the retail and hospitality sectors, growth in disposable income fueling market expansion of projection mapping, and an increase in social media platforms exposing an array of diverse datasets. The forecast period also anticipates trends such as advancements in projection technology, expansion in augmented reality (AR) and virtual reality (VR), interoperability with 3D mapping and modeling, integration with spatial computing, and the use of projection mapping for architectural visualization.
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What Are the Different 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.
Subsegments:
1) By Hardware: Projectors, Media Servers, Mounting Equipment, Other Hardware Components
2) By Software: Content Creation Software, Mapping Software, Control Software, Other Software Solutions
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What Are the Primary Drivers Shaping the Projection Mapping Market?
The use of projection mapping in media events has been on the rise, a trend that is predicted to further boost the expansion of the projection mapping market. Essentially, projection mapping is a method of video projection where video content is sketched onto a surface, morphing everyday objects like runways, buildings, stages, even water into stunning visual spectacles. This technique allows media to captivate their audiences through beautiful visual presentations, it also offers cost savings. For instance, the International Trade Administration, an agency of the American government, reported in August 2024 that the U.S. Media and Entertainment (M&E) industry, with its current worth of $649 billion, is predicted to burgeon to $808 billion by 2028, indicating an average yearly growth rate of 4.3%. Hence, the growing application of projection mapping at media events is fueling the growth of the projection mapping market.
Which Companies Are Leading in the Projection Mapping Market?
Major companies operating in the projection mapping market include 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.
What Are the Major Trends Shaping the Projection Mapping Market?
In the projection mapping market, leading corporations are forging tactical alliances to boost their technical prowess, extend their market scope, and offer more pioneering and immersive visual experiences across various sectors. In July 2024, Panasonic Connect Co., Ltd, a firm based in Japan known for offering projection mapping systems, created a financial partnership with ORIX Corporation. Through this collaboration, Panasonic is set to merge its projector business and technology with ORIX's financial resilience and investment acumen to form a new enterprise. The newly formed entity will have ORIX possess 80% of the shares, while Panasonic Connect will hold onto 20%. ORIX Corporation is a renowned financial services company located in Japan.
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What Are the Top Revenue-Generating Geographies in the Projection Mapping Market?
North America was the largest region in the projection mapping market in 2024.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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Projection Mapping Market?
2. What is the CAGR expected in the Projection Mapping Market?
3. What Are the Key Innovations Transforming the Projection Mapping Industry?
4. Which Region Is Leading the Projection Mapping Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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