Global Laser Display Technology Market: Ken Research
by Rati Ram Business DeveloperAccording 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
Laser Display Technology Market
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Created on Dec 23rd 2019 04:14. Viewed 95 times.