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| U.S. pico projector market by product, 2012 - 2022 (USD Million) |
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.
Full Research Report On pico
projector market
Analysis:
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.
View More Reports Of This Category By Grand
View Research At: https://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
View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-pico-projector-market
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: www.grandviewresearch.com
For More Information: www.grandviewresearch.com
