According to study, “Global Laser Display Technology Market 2019 by Company, Regions, Type and Application, Forecast to 2024” the key companies operating in the global laser display technology market are Sony Corp., Epson, Panasonic, Mitsubishi Electric Corp., Barco, Hisense, LG Electronics Inc., Delta Displays, Ushio Inc., Jenoptic, ChangHong, BenQ, Optoma, Seemile, Konka, Xiaomi. The key companies have invested heavily in research & development (R&D) of laser video displays technologies to develop new products providing to the consumer and business segments.
Laser display refers to describe the application of laser light for entertainment purposes. There are numerous ways to separate one laser display system from another including depending on the operation modes, depending on color sources, depending on scan speed and depending on power of laser sources. Laser display technology is the fourth generation or 4G display technology after black & white display, digital display and color display. This technology represents the future progress trend and mainstream direction of display technology.It is appropriate where other projection technologies are unusable. The key advantages are included super large screens, wide color range, high brightness, and highly saturated colors to accomplish the best color conversion, and high contrast.
Based on product type, laser display technology market is segmented into T.V., projectors, video wall, head mount displays (HMD) and others. Based on wavelength type, market is segmented into green, red, and blue. Based on projection type, market is segmented into back lighting and laser projections. Based on technology type, market is segmented into 2D spatial light modulator (SLM) laser display devices and scanning-type laser display devices. In addition, based on end-use application, market is segmented into business and consumer. The business segment is further sub-segmented into flight simulators, medical, virtual reality applications, planetariums, and laser shows. Additionally, consumer segment is further sub-segmented into home and mobile phones.
The laser display technology market is driven by rise in demand of large displays, followed by growth in demand of virtual reality & 3D holographic displays and better viewing experience, growth in disposable incomes, change in consumption technologies, raw material affluence, rise in innovative products and low power consumption as compared to conventional displays. However, high cost associated with these displays may impact the market. Moreover, increase in demand of digital advertising at shopping malls, coffee shops, airports is a key opportunity for market.
Based on geography, the North-American region holds major share in laser display technology market owing to increase in demand of better picture quality in the region. The Asian-Pacific and European regions are projected to witness higher growth rate due to growth in technology advancements over the forecast period. It is predicted that the market will be reached at rapid pace because of extremely wide color expression that is formed by choosing the wavelength of laser sources design during the forecast period.In 2018, the global market revenue was US $4290 million and is expected to reach US $9320 million by the end of 2024, growing at a CAGR of 16.8% between 2019 and 2024.
For more information on the research report, refer to below link:
Global Holographic display Market Size study, by Technology (Electro holographic, Touchable, Laser), by Product (Camera, Digital Signage, Medical scanners, Smart TV), by Application (Consumer, Commercial, Medical, Industrial) and by Regional Forecasts 2017-2025.
Ankur Gupta, Head Marketing & Communications