The
global pico projector market is
expected to reach USD 2.39 billion by 2022, according to a new study by Grand
View Research, Inc. Smartphone proliferation coupled with high convenience when
integrated with portable electronic devices is anticipated to elevate demand.
Technological advancements have resulted in enhanced contrast ratio and high
pixel quality. Portability and compatibility with Wi-Fi, WiMax, and 3G/4G
technologies offered by these products is estimated to drive industry growth.
Pico projectors have the
ability to project content from mobile and other electronic devices onto a
wall, notebook, or portable projection screens. Strong economic growth coupled
with rising consumer disposable income may catalyze adoption particularly in
consumer electronics and automobiles. Increasing adoption of smart devices and
the advent of Internet of Things (IoT) may catapult demand over the next few
years. The industry is poised for growth due to expanding application areas and
increasing demand for mobility across all sectors. Growing adoption of Bring
Your Own Device (BYOD) policies in the corporate sector may also spur product
demand.
Browse full report by Grand View
Research :
Further Key findings from the study suggest:
·
Embedded
devices accounted for over 35% of the overall revenue in 2014, and are expected
to witness significant growth over the forecast period owing to widespread
usage in portable consumer electronics. Smartphone proliferation is another
factor driving growth over the forecast period.
·
USB
pico projector industry is estimated to exhibit rapid growth over the coming
years attributing to rising demand across several application areas including
aerospace & defense, automotive, business & education, consumer
electronics, and healthcare. The standalone segment is anticipated to lose
volume share owing to issues such as low brightness and high cost associated
with these devices.
·
LBS
technology segment is expected to witness significant growth over the coming
years owing to several benefits offered by this technology type including
better image quality and relatively high brightness which may result in
enriched customer experience.
·
North
America accounted for over 30% of the overall revenue in 2014. This may be
primarily attributed to early technology adopters ensuring faster projector
adoption in the region. Asia Pacific pico projector market is estimated to
witness substantial growth over the coming years owing to rising consumer
disposable income paired with growing demand for portable consumer electronics
in the region.
·
Key
players in the industry include 3M, AAXA Technologies, Microvision Inc.,
Samsung Electronics Co. Ltd., Sony Corporation, STMicroelectronics N.V., Texas
Instruments, and Coretronic Corporation. Industry participants strive to
develop products with enhanced image quality, resolution and brightness.
Prominent players also emphasize on developing new generation HD micro-display
chips for enhancing product offering.
Browse more reports of this category by
Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has
segmented the global pico projector market on the basis of product, technology,
application and region:
Pico
Projector Product Outlook (Volume, Thousand Units & Revenue, USD Million;
2012 - 2022)
·
Embedded
Projector
·
Standalone
Projector
·
Media
Player Projector
·
USB
Projector
·
Laser
Projector
Pico
Projector Technology Outlook (Volume, Thousand Units & Revenue, USD
Million; 2012 - 2022)
·
Digital
Light Processing (DLP)
·
Laser
Beam Steering (LBS)
·
Liquid
Crystal on Silicon (LCoS)
·
Holographic
laser projection
Pico
Projector Application Outlook (Volume, Thousand Units & Revenue, USD
Million; 2012 - 2022)
·
Consumer
electronics
·
Aerospace
& defense
·
Healthcare
·
Others
Pico
Projector Regional Outlook (Volume, Thousand Units & Revenue, USD Million;
2012 - 2022)
·
North
America
·
Europe
·
Asia
Pacific
·
Latin
America
·
Middle
East & Africa
Access press release by
Grand View Research:
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information:
http://www.grandviewresearch.com
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