diff --git a/Help/release/dev/CMAKE_INSTALL_DEFAULT_COMPONENT_NAME-project-name-placeholder.rst b/Help/release/dev/CMAKE_INSTALL_DEFAULT_COMPONENT_NAME-project-name-placeholder.rst
new file mode 100644
index 0000000000..37dc6264b5
--- /dev/null
+++ b/Help/release/dev/CMAKE_INSTALL_DEFAULT_COMPONENT_NAME-project-name-placeholder.rst
@@ -0,0 +1,7 @@
+CMAKE_INSTALL_DEFAULT_COMPONENT_NAME-project-name-placeholder
+-------------------------------------------------------------
+
+* :variable:`CMAKE_INSTALL_DEFAULT_COMPONENT_NAME` gained support for a
+  special ``<PROJECT_NAME>`` placeholder value.   It tells each
+  :command:`install` invocation to take a default component name
+  from the current :variable:`PROJECT_NAME` variable value.
diff --git a/Help/variable/CMAKE_INSTALL_DEFAULT_COMPONENT_NAME.rst b/Help/variable/CMAKE_INSTALL_DEFAULT_COMPONENT_NAME.rst
index 57160f1d9a..15ec0cdf82 100644
--- a/Help/variable/CMAKE_INSTALL_DEFAULT_COMPONENT_NAME.rst
+++ b/Help/variable/CMAKE_INSTALL_DEFAULT_COMPONENT_NAME.rst
@@ -7,3 +7,13 @@ If an :command:`install` command is used without the ``COMPONENT`` argument,
 these files will be grouped into a default component.  The name of this
 default install component will be taken from this variable.  It
 defaults to ``Unspecified``.
+
+There is a special component name:
+
+``<PROJECT_NAME>``
+  .. versionadded:: 4.4
+
+  This literal placeholder will expand to the contents of the
+  :variable:`PROJECT_NAME` variable when the :command:`install` command is
+  evaluated. If no :command:`project` command has been called it defaults to
+  ``Unspecified``.
diff --git a/Source/cmInstallCommand.cxx b/Source/cmInstallCommand.cxx
index 12d67cfb61..1783e18339 100644
--- a/Source/cmInstallCommand.cxx
+++ b/Source/cmInstallCommand.cxx
@@ -95,6 +95,14 @@ public:
   {
     this->DefaultComponentName = this->Makefile->GetSafeDefinition(
       "CMAKE_INSTALL_DEFAULT_COMPONENT_NAME");
+    if (this->DefaultComponentName == "<PROJECT_NAME>") {
+      cmValue projectName = this->Makefile->GetDefinition("PROJECT_NAME");
+      if (!projectName->empty()) {
+        this->DefaultComponentName = projectName;
+      } else {
+        this->DefaultComponentName = "Unspecified";
+      }
+    }
     if (this->DefaultComponentName.empty()) {
       this->DefaultComponentName = "Unspecified";
     }
diff --git a/Tests/RunCMake/install/RunCMakeTest.cmake b/Tests/RunCMake/install/RunCMakeTest.cmake
index fcd1cd503e..ff8e812fba 100644
--- a/Tests/RunCMake/install/RunCMakeTest.cmake
+++ b/Tests/RunCMake/install/RunCMakeTest.cmake
@@ -215,6 +215,8 @@ if(CMAKE_SYSTEM_NAME MATCHES "^(Linux|Darwin|Windows)$")
   unset(RunCMake_TEST_OPTIONS)
   run_cmake(TARGETS-RUNTIME_DEPENDENCY_SET-RUNTIME_DEPENDENCIES-conflict)
   run_cmake(RuntimeDependencies-COMPONENTS)
+  run_cmake(RuntimeDependencies-Default-COMPONENT-Name)
+  run_cmake(RuntimeDependencies-ProjectName-Placeholder-COMPONENT-Name)
 else()
   run_cmake(TARGETS-RUNTIME_DEPENDENCIES-unsupported)
   run_cmake(TARGETS-RUNTIME_DEPENDENCY_SET-unsupported)
diff --git a/Tests/RunCMake/install/RuntimeDependencies-Default-COMPONENT-Name.cmake b/Tests/RunCMake/install/RuntimeDependencies-Default-COMPONENT-Name.cmake
new file mode 100644
index 0000000000..47e8f36800
--- /dev/null
+++ b/Tests/RunCMake/install/RuntimeDependencies-Default-COMPONENT-Name.cmake
@@ -0,0 +1,21 @@
+enable_language(C)
+
+function(check_components value)
+  get_cmake_property(comp COMPONENTS)
+  if(NOT comp STREQUAL value)
+    message(FATAL_ERROR "Expected value of COMPONENTS:\n  ${value}\nActual value of COMPONENTS:\n  ${comp}")
+  endif()
+endfunction()
+
+if(CMAKE_SYSTEM_NAME STREQUAL "Windows")
+  add_library(tgt MODULE obj1.c)
+else()
+  add_executable(tgt main.c)
+endif()
+
+set(CMAKE_INSTALL_DEFAULT_COMPONENT_NAME "default_name")
+install(TARGETS tgt
+  RUNTIME DESTINATION bin
+  LIBRARY DESTINATION lib
+  )
+check_components("default_name")
diff --git a/Tests/RunCMake/install/RuntimeDependencies-ProjectName-Placeholder-COMPONENT-Name.cmake b/Tests/RunCMake/install/RuntimeDependencies-ProjectName-Placeholder-COMPONENT-Name.cmake
new file mode 100644
index 0000000000..6701bcc71d
--- /dev/null
+++ b/Tests/RunCMake/install/RuntimeDependencies-ProjectName-Placeholder-COMPONENT-Name.cmake
@@ -0,0 +1,28 @@
+enable_language(C)
+
+function(check_components value)
+  get_cmake_property(comp COMPONENTS)
+  if(NOT comp STREQUAL value)
+    message(FATAL_ERROR "Expected value of COMPONENTS:\n  ${value}\nActual value of COMPONENTS:\n  ${comp}")
+  endif()
+endfunction()
+
+project(hello_world)
+if(CMAKE_SYSTEM_NAME STREQUAL "Windows")
+  add_library(tgt MODULE obj1.c)
+  add_library(tgt2 MODULE obj1.c)
+else()
+  add_executable(tgt main.c)
+  add_executable(tgt2 main.c)
+endif()
+
+set(CMAKE_INSTALL_DEFAULT_COMPONENT_NAME "<PROJECT_NAME>")
+install(TARGETS tgt
+  RUNTIME DESTINATION bin
+  LIBRARY DESTINATION lib
+  )
+install(TARGETS tgt2
+  RUNTIME DESTINATION bin COMPONENT "other"
+  LIBRARY DESTINATION lib COMPONENT "other"
+  )
+check_components("hello_world;other")