CHICAGO, May 31, 2021 /PRNewswire/ — According to a research report, “Projection Mapping Market with Covid-19 Impact Analysis by Offering (Hardware (Projector, Media Server), Software), Throw Distance, Dimension (2D, 3D, 4D), Lumens, Applications (Media, Venue, Retail, Entertainment), and Region – Global Forecast to 2026”, published by MarketsandMarkets™, the global Projection Mapping Market, is expected to reach USD 7.9 billion by 2026 from USD 2.8 billion in 2021, at a CAGR of 23.4% during the 2021-2026 period.
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The rapid growth of the global projection mapping market is attributed to driving factors such as the increasing adoption of projection mapping for media events, rising advertising expenditure, adoption of projection mapping for product launch applications, and increasing demand for high-brightness projectors.
Projection mapping software market is expected to witness the highest CAGR during the period 2021 to 2026
Projection mapping is generally used in large venue applications with massive crowd gatherings such as media events and entertainment. However, in recent years, projection mapping is also being adopted in small and medium-sized venue applications. Due to the increased adoption of projection mapping on irregular surfaces and objects, there is a rise in demand for projection mapping software. Projection mapping software is extremely useful in seamlessly…
