Why Laser Phosphor Display Technology Market is Projected to Witness a Staggering Growth During 2017 - 2025?

Laser phosphor is a lamp less projection illumination technology that is using blue laser diodes as the primary light source. The laser phosphor technology is powered by a combination of laser diodes, mirrors and a phosphor screen. These diodes direct a laser signal to the mirrors and these lasers are then projected onto the phosphor screen, stimulating the required RGB imaging sequence. It works basically like a laser printer, in which image is being refreshed at a much higher rate.

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Laser phosphor display is similar to cathode ray tube technology but it activates phosphors using lasers instead of electron gun. It is because of this the laser phosphor displays are never burdened with screen burn-in as compared with traditional display technologies.

The growth in demand of laser phosphor display technology in video wall segment is mainly due to enhanced quality of image, decrease seam appearance, and promote sustainable practices. Laser phosphor technology displays help in providing displays of any shape, size and resolution allowing for innovative dynamic environments. Because the phosphor pixels have no electrical connections, so they do not experience mechanical or electrical failure. So laser phosphor displays operate through the entire display lifetime unlike conventional liquid crystal, also lasers are turned off for dark pixels thus increasing laser phosphor display system efficiency and lifetime.

The major factors driving the growth of laser phosphor display technology market are less consumption of electricity as compared to other display technologies such as LCDs, rise in the demand for consumer electronics good, technology advancements leading to higher consumption, increasing adoption in gaming and entertainment applications. The major restraints hampering the growth of laser phosphor display technology market are the research and development having higher cost, lack of infrastructure for large scale production, deeper displays as compared to competing technologies. The major opportunities for growth of laser phosphor display technology market are increase in adoption of laser phosphor display technology for new applications, such as military applications, and emerging economies.

The laser phosphor display technology market can be categorized on the basis of type, end-user, and region. On the basis of type segment, the laser phosphor display technology market can again be categorized into conventional display, flexible display, transparent display, 3D display. On the basis of end-user, the global laser phosphor display technology market can be categorized into consumer electronics, advertising and public display, automotive, healthcare, retail aerospace and defense, industrial, banking and others. On the basis of geography, the global laser phosphor display technology market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

North America is holding the largest market share of global laser phosphor display technology market and is expected to have a steady growth over forecast period. Also among the regions in laser phosphor display technology market Asia Pacific region is expected to grow at a higher rate in the forecast period mainly due to growing demand of energy efficient consumer electronics goods. Among the Asia Pacific regions developing nations such as China and India are expected to grow at a faster rate as compared all other Asia Pacific regions. Among all the end-users, public display segment and advertising segment has the greater market share in the global laser phosphor display technology market. Also among the end-users in the global laser phosphor display technology market, retail segment is expected to grow at a highest CAGR in the forecast period.

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The major players in global laser phosphor display technology market are Prysm, Inc., Barco, Optoma, ViewSonic, Sony Corporation among others. These companies are investing a lot in their R&D so as to incorporate new technologies in their systems and develop new products to increase market share in global laser phosphor display technology market

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