Home > Semiconductors & Electronics > Imaging > Projection Mapping Market

Projection Mapping Market Trends

Report ID: GMI8744
Published Date: Mar 2024
Report Format: PDF

Download Free Sample

Projection Mapping Market Trends

Projection mapping is increasingly being integrated with AR and VR technologies to create immersive mixed-reality experiences. This integration enhances interactivity and engagement, offering new possibilities for events, entertainment, education & retail spaces. Beyond entertainment and advertising, projection mapping finds applications in new industries such as healthcare, education, and manufacturing. For example, it is used for patient education in healthcare, immersive learning experiences in education, and visualization of prototypes in manufacturing.

Cities and municipalities are leveraging projection mapping for urban beautification projects, cultural events, and public art installations. Projection mapping on buildings, monuments, and public spaces not only transforms urban environments but also fosters community engagement and attracts tourism. As environmental concerns become more prominent, there is a trend toward using projection mapping for eco-friendly advertising and art installations. Unlike traditional physical billboards or structures, projection mapping leaves no physical waste, making it a sustainable option for temporary displays.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Projection mapping market was valued at over USD 3.5 billion in 2023 and is estimated to surpass USD 25 billion by 2032, driven by demand for leveraging the technology for outdoor advertising campaigns, product launches, and promotional events.

The 3D segment is expected to register a CAGR of over 25% accounting for USD 8.5 billion by 2032, backed by the usage across entertainment industry, including theater, concerts, festivals, and theme parks to create spectacular visual narratives and augment live performances.

Asia Pacific market accounted for a share of over 30% in 2023 and will record a significant growth rate through 2032, owing to the focus on providing unique experiences to both locals and tourists, across events, theme parks, museums & cultural festivals.

Panasonic Corporation, Barco NV, Christie Digital Systems USA, Inc, Green Hippo Ltd., AV Stumpfl GmbH, Seiko Epson Corporation, and BenQ America Corp.