Projection Mapping Market: Evolution
A variety of ways projection mapping technologies have been used to create engaging facades by enabling the projection of any object on to non-typical projection surfaces, typically that are curved. Advancements in spatial mapping technologies have led end users gain unique design experiences using a single projector.
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The projector mapping market is witnessing growth on the back of these technologies to carve out various graphics on to a display surface regardless of the dimension of the object. Further, real-time video processing and show controls make the mapping tailored to meet the end-use applications.
The expanding science of creating a melange of projected images is a key underpinning for the evolution of the projection mapping market. Growing use of the projection mapping for generating dynamic visuals is a key trend bolstering the prospects of the projection mapping market. Some of the key application areas in the projection mapping market are media, venue, retail, and entertainment industries.
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Projection Mapping Market: Drivers, Current Prospects, Lucrative Avenues
The growing use of laser projectors for creating virtually limitless possibilities has enriched the revenue prospects of the projection mapping market. The growing incorporation of advanced processing tools, vast storage capacities, and control tools is a key trend in the product development lifecycle. The need for such functionalities has been growing to create high-performance, high control of blending and alignment.
The growing demand for projection systems for reality-smashing spectacles in mega sports events, festive occasions, and in hospitality industry is spurring the growth prospects for the projection mapping market. Over the years, 3D projection of objects has gained immense popularity in various applications. The demand for projector mapping equipment for generating such visual experiences are gaining massive steam in the event sector, and the opportunities are expected to remain lucrative. This is expected to open lucrative avenues in the coming years as well.
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Projection Mapping Market: Competition Landscape and Key Developments
Players in the projection mapping market are unveiling new concepts in warping and blending of images to meet the wide cross-section of demand in applications. Several of the service providers are geared toward offering innovative projection mapping for audience engagement for multi-day meetings. They are incorporating new algorithms to cater to the demand for products in the projection mapping market. They are keen on offering wide range of delighted video composition and sequences for 3D projection mapping for mega events. Particularly, they are focusing on offering 3D in 4K resolution to meet niche applications.
Some players are aiming to gain competitive edge by launching compact devices that are also versatile. Prominent companies in the projection mapping market are expanding the product portfolio by launching number of projector series with advanced control features for color and lumen match. Some equipment manufacturers are tapping into emerging revenues from the growing demand for projectors for low-footprint applications. Several players in the projection mapping market find a mix of organic and inorganic growth strategies to consolidate their footprints in the projection mapping market.
Some of the key players in the projection mapping market are Christie Digital Systems, Barco NV, BenQ Corporation, Seiko Epson Corporation, and Panasonic Corporation.
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Projection Mapping Market: Regional Landscape
North America, Europe, and Asia Pacific have emerged as a lucrative region in the global projection mapping market. North America projection mapping market has been making vast strides on the back of growing consumer demand for projection mapping technologies in he event sector. Reducing cost of projectors for 3D and 4D projection mapping has spurred growth prospects in the Asia pacific projector mapping market. Asia Pacific the projection mapping market is also expected to witness some incredible avenues in growing demand for mega-sports events, such as in Asian nations.
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