Kenneth Research, in its repository of market research reports, has recently added a report on Projection Mapping Equipment Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. 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.
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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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.
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