India laser projection market is projected to witness CAGR of around 18.4%, during the forecast period. The major factors contributing to the growth of the market include the increasing expansion of projects of large enterprises in India, backed by the ease of FDI in the country. This, in turn, is augmenting the demand for laser projection in enterprises, involving the functionality of discussing the projects via laser projectors. Moreover, the rising deployment of laser projectors in educational institutions and schools due to the rising trend for digital learning in the country is further contributing to the market growth in the country. However, there are certain factors that may impede the market growth during the forecast period, such as the high installation cost of laser projectors and the outbreak of COVID-19 pandemic in the India in 2020.
India laser projection market is classified on the basis of illumination type, resolution, and end-users. Based on the illumination type, the market is segmented into laser phosphor, RGB laser, laser diode, and hybrid illumination. Based on the resolution, the market is segmented into WUXGA, WQXGA, and 2K, WXGA &XGA, 4K, HD, and Full HD. Based on end-users, the market is classified into education, enterprises, media and entertainment, retail, and others (public places and industrial). Among these end-users, the retail and education segments will project a considerable CAGR in the laser projection market during the forecast period.
Therefore, the market players are gradually introducing their products in the country, realizing the future potential growth in the country. The key market players have their presence in India includes LG Electronics, Seiko Epson Corp., Canon Inc., Casio Computer Co., Ltd., and Barco NV. These market players are concentrating in capturing the emerging sectors of the market, such as the education and the retail sector. The contribution of the government in improving the educational sector of the country is further expected to increase the demand for laser projectors in India during the forecast period.
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India Laser Projection Market – Segmentation
By Illumination Type
- Laser Phosphor
- RGB Laser
- Laser Diode
- Hybrid Illumination
By Resolution
- WUXGA, WQXGA, and 2K
- WXGA & XGA
- 4K
- HD and Full HD
By End-Users
- Education
- Enterprises
- Media and Entertainment
- Retail
- Others
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Company Profiles
- ASUSTeK Computer Inc.
- Barco NV
- BenQ Corp.
- Canon Inc.
- Casio Computer Co., Ltd.
- Hitachi, Ltd.
- LG Electronics Inc.
- NEC Corp.
- Panasonic Corp.
- eiko Epson Corp.
- Sony Corp.
- The Ricoh Company, Ltd.
- ViewSonic Corp.
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