Impact of COVID-19 on the Laser Projectors Market
A laser projector is a device that projects the laser beams on a screen to produce a moving image for professional use or entertainment. It comprises a housing that contains galvanometer scanners, mirrors, lasers, and other optical components. The entertainment industry and the education sector widely adopt these projectors. The spread of novel COVID-19 across the globe was declared as a pandemic in March 2020 by World Health Organization (WHO). Governments worldwide have imposed lockdowns to contain the spread of the pandemic, resulting in the temporary closure of schools, colleges, universities, and public places. This scenario has decreased the use of laser projectors during the pandemic. Besides, the decline in the adoption of new laser projectors by the media & entertainment industry owing to the closure of cinema halls during the COVID-19 pandemic has also impacted the growth of the market drastically.
During the pandemic, the halt in the production of laser projectors owing to the temporary suspension of the manufacturing activities has caused a decline in the sales of laser projectors, which in turn, is hampering the growth of the market. People have been forced to stay within their homes to curb the spread of the virus. People are engaged in streaming videos, audio, and surfing the internet. The use of existing laser projectors to watch movies at home has increased drastically during the lockdown. The reopening of amusement parks, stadiums, cinema halls, and other public places across the world is expected to drive the demand for laser projectors. Besides, the adoption of laser projectors by schools and universities to improve the learning experience is also expected to boost the market growth, post the pandemic.
Shipment Volume of Digital Laser Projectors in China from 2018 to 2022