A recent report published by Infinium Global Research on the pico projector market provides in-depth analysis of segments and sub-segments in the global as well as regional pico projector market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pico projector market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pico projector market. According to the report, the global pico projector market is projected to grow at a CAGR of 11.12% over the forecast period of 2018-2024.
Pico projector is a small hardware device designed to project content from a camera, smartphone, tablet or memory device onto a wall or other flat surface. Pico projectors are also known as a pocket projector, handheld or mobile projector. These projectors are very compact and designed to take the place of conventional, bulky projectors for presentations and media viewing. Pico-projectors are small, but they can show large displays. They are flexible in nature and can be connected to the number of devices such as DVD players, Laptops, PC, gaming stations, and cell phones. Hence, the user can easily carry it. Pico projector uses laser light sources or an LED, which eradicates the need for lamp replacement over the functional life of a pico. Pico projectors can make bared eyes 3D motion pictures with high resolution. Viewers can watch movies and play games with the glass-free environment. At present, USB pico projectors, media player and standalone pico projectors have a higher demand than embedded projectors as they are yet to capture the market. Different technologies merged in pico projectors are Laser-Beam-Steering (LBS), Digital Light Processing (DLP) and Liquid Crystal-on-Silicon (LCoS).
The demand for the pico projector market is growing owing to increasing the usage of pico projectors in different areas. The reducing average selling price, introduction of high definition pico projector and addition of pico projector in portable consumer electronics drives the market. Further, the development of head-up display is also boosting the market growth. The portability and compatibility of pico projector with 3G/4G and Wi-Fi technologies are also supporting the growth of this market. The developments in consumer electronics are providing an abundant growth opportunity for the global pico projector market. The implanting of pico projector modules into other devices such as digital cameras, digital photo frames, portable media players, digital camcorders, laptops, mobile TV, and portable gaming devices is boosting the market forward. Moreover, strong economic growth and increasing consumers’ disposable income projected to drive the growth of the market in consumer electronics applications and automobiles. Besides, the arrival of the internet and increasing adoption of smart devices is also anticipated to support the growth of the pico projector market in the coming years. On the other side, low brightness offered by LED-based projector and safety issues with laser beam steering based pico projectors is two major factors hampering the growth of the pico projector market.
In terms of geographic, North America is expected to dominate the pico projector market followed by Asia Pacific region. The key factor driving the growth of this market in the North America region is the investments in the consumer market. Further, the strong domestic consumption in the automotive, healthcare, education and research markets are also driving the market. The growth in the Asia Pacific region is dominated by China, Korea, and Japan, as China being the manufacturing hub for consumer electronic devices. The growth in the Asia Pacific region is credited to the growing demand for innovations, the huge demand for pico projectors from consumer electronics, business, and education segment.
The report on global pico projector market covers segments such as product, technology, and end-user. On the basis of product, the sub-markets include embedded pico projector, stand-alone pico projector, and USB pico projector. On the basis of technology, the sub-markets include liquid crystal-on-silicon, digital light processing, and laser beam steering. On the basis of end-user, the sub-markets include retail, automotive, healthcare, consumer electronics, and others.
The report provides profiles of the companies in the market such as Samsung, Optoma, Texas Instruments, Inc., Sony Corporation, LG Electronics, Philips, Syndiant, Inc., Microvision, Inc., Acer, Inc., and Aiptek International, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pico projector market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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