Pico Projector Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe 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.
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.
Access full research report on global pico
projector market:
www.grandviewresearch.com/industry-analysis/pico-projector-industry
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Created on Apr 5th 2020 15:50. Viewed 248 times.