Published on : Oct 15, 2019
A new research report, titled “Global Projection Mapping Equipment Market Research Report 2019,” has been recently added to the library of ResearchMoz.us. The research study presents an all-inclusive evaluation of the global projection mapping equipment market by thoroughly analyzing trends and prospects of this market.
The global projection mapping equipment market is deriving tremendous growth from the increasing number of sports, media, and corporate events. The rising need for greater engagement of the audience is prompting event managers to deploy projection mapping equipment in their events.
However, the high cost associated with this technique is limiting its usage. Nonetheless, the advent of 3D and 4D video technologies is expected to create new opportunities for projection mapping equipment manufacturers in the near future. The retail and marketing industry has emerged as the key end user of projection mapping equipment, thanks to increasing investments in product advertisement.
Although the projection mapping equipment market is relatively new, the competition within this market is very high. Companies are actively focusing on integrating the latest technologies into their products. Some leading projection mapping equipment manufacturers in the world are:
• Sony Electronics
• Ross Video
• Christie Digital Systems
• Grass Valley
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Based on the region, North America has surfaced as the key regional projection mapping equipment market in the world. Since North America is a corporate hub and hosts a number of sports and media events every year, this market is likely to progress uninterruptedly over the coming years.
The increasing application of 3D and 4D content for product marketing and advertisements is also expected to support the North America projection mapping equipment market in the near future. The emergence of augmented reality (AR) and virtual reality (VR) is projected to open a new window of possibilities for manufacturers in this region.