DUBLIN, July 29, 2021--(BUSINESS WIRE)--The "Projection Mapping Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The market for the projection mapping market is expected to register a CAGR of 20% over the forecast period (2021 - 2026).
Seiko Epson Corporation
NEC Display Solutions
Green Hippo Ltd.
Pixel Rain Digital
Key Market Trends
Mapping Software is Expected to Witness the Fastest Market Growth
The Projection Mapping software is anticipated to witness faster growth as compared to its hardware counterparts owing to the cost, the sustainability of software, support, ease of use, integration/compatibility with 3rd party hardware and tailored solutions offered by few vendors
The pure-play mapping software vendors are focused on developing projection mapping tools that make deployment of projects easier and optimized for viewing the audience. For instance, The Mapping software solution provided by HeavyM is a ready-to-use solution that requires prior no animation skills to create projection mapping effects
Furthermore, many other vendors offer solutions that manage complexities such as s imaging warping and soft-edge blending which is a very time-consuming process of aligning the projections and stacking projectors.
Additionally, few software solutions also are designed to make real-time projects that is very beneficial for end-users to host events such as live performances. Thereby supports the better penetration of the market.
Also, further developments of algorithms such as High Resolution Projection, Non-Rigid Dynamic Projection, Local Per-Pixel Radiometric Compensation among others by researchers further elevates the growth.
Asia-Pacific to Witness the Fastest Market Growth
The Asia Pacific region is anticipated to witness major growth over the forecast period, as the region is leveraging the conduction of major global events, presence of historical museums and government bodies focusing on tourism as a source of earning elevates the growth of the market
The countries in the region such as Singapore is home to major festivals, events such as the annual Singapore night festival, i Light marina bay, annual marina bay that relay on technologies such as projection mapping leverage the growth of the market in the region
As with India' statue of unity which is accounted as world' tallest statue standing at the height of 182 meters that as of January 2020 records total of 91 lakhs tourist since the beginning and has generated INR 85.57 crores from entrance fees has adopted projection mapping as a mean to enhance tourist attraction and engagement.
For instance, Pyramid Technologies Collaborated with HD-Laser, a german laser show producer to design, install and integrate the crimson projectors on the world's tallest statue named Statue of Unity which is 182m tall and located in India. This permanent deployment has 51 Christie crimson WU25 3DLP laser projectors installed to achieve the projection mapping.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.6 Assessment of COVID 19 on the Industry
5 MARKET SEGMENTATION
5.1.1 Hardware ( Projector, Media Server)
5.2.1 2 Dimension
5.2.2 3 Dimension
5.2.3 4 Dimension
5.3 Throw distance
5.4.1 Large Venue
5.4.5 Other Applications
5.5.1 North America
188.8.131.52 Rest of Europe
5.5.3 Asia Pacific
184.108.40.206 Rest of Asia Pacific
5.5.4 Latin America
220.127.116.11 Rest of Latin America
5.5.5 Middle East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Investment Analysis
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/fmtrrh
View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005840/en/
Laura Wood, Senior Press Manager
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