Sunday, 01 August 2021 03:07 GMT

Projection Mapping Equipment Market Growth Predictions 2021-2030: with Business Opportunities, Current Trends, and Global Industry


(MENAFN - America News Hour)In a recent published report, Kenneth Research has updated the market report for Projection Mapping Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Projection Mapping Equipment Market products.

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Kenneth Research, in its repository of market research reports, have recently added a report on Projection Mapping Equipment Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Projection Mapping Equipment Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide.

According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.

According to Azoth Analytics research report ''Global Projection Mapping Equipment Market – By Type (Projectors, Switchers, Others), Rental Market (Type, Event) – Opportunities and Forecast (2018 Edition): Forecast to 2022)'', the global projection mapping equipment market is projected to display a robust growth represented by a CAGR of 17.33 % during 2017– 2022.

The segment of projection mapping projectors witnessed growth at a noteworthy rate over the past few years and is expected to grow in the forecast period on the back of augmentation in the number of events that require multiple projectors which further amplifies demand for the varied types of projectors. Amongst the regions, North America accounts for the largest regional share in the global projection mapping equipment market in 2016. Key factors driving the robust growth rate of North America region include rising number of sporting and music events implementing the projection mapping technology. 

The Final Report will cover the impact analysis of COVID-19 on this industry:

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The report titled ''Global Projection Mapping Equipment Market – By Type (Projectors, Switchers, Others), Rental Market (Type, Event) – Opportunities and Forecast (2018 Edition): Forecast to 2022'' has covered and analyzed the potential of Global Projection Mapping Equipment Market and provides statistics and information on market size, shares, rental market, list of projection mapping events and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global projection mapping equipment market. Additionally, the report also highlights market entry strategies for various companies across the globe. 

Scope of the Report

Global Projection Mapping Equipment Market (Actual Period: 2012-2016, Forecast Period: 2017E-2022F)
• Global Projection Mapping Equipment Market – Size and Growth
• By Type-Projectors, Switchers
• Rental Market-By Type of Equipment, By Type of Projection Mapping, Application, List of Projection Mapping Events

Regional Markets – North America, Europe, APAC and Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)
Projection Mapping Equipment Market – Size and Growth
• By Type-Projectors, Switchers

Country Analysis – U.S., Canada, Germany, Spain, Japan China, Brazil, Saudi Arabia)
Projection Mapping Equipment Market – Size and Growth
• By Type-Projectors, Switchers

Rental Market Analysis
• By Type of Equipment
• By Type of Projection Mapping
• Application
• List of Projection Mapping Events

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Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• SWOT Analysis
• Company Analysis – Sony Electronics, Epson, Panasonic, Barco, Ross Video, Grass Valley, Christie Digital Systems, BenQ

Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products'' demand, growth and opportunities for new and existing players.

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Darlene Dooley

Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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