According to a new market research report "Pico Projector Market by Product Type (USB, Stand-Alone, Embedded), Technology (DLP, LCOS, LBS), Brightness, Number of Pixels, Component, Application (Consumer Electronics, Automotive, Healthcare and Business), and Geography - Forecasts to 2020", published by MarketsandMarkets, the Pico Projector Market is estimated to reach $9.32 Billion by 2020, growing at a CAGR of 39.82% from 2014 to 2020.
Browse 71 market data tables and 84 figures spread through 178 pages and in-depth TOC on "Pico Projector Market".
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Pico Projectors are also known as handheld projectors. They can be embedded into mobile devices such as cameras, mobile phones and tablets which would enable the projection of the content of these devices onto any surface such as walls, notebooks, or on the portable projection screens sized and designed for pico projectors. It uses a LED or laser light source which effectively eliminates the need for lamp replacement over life-span of a pico projector. The overall value chain of the Pico Projector Market is closely interlinked with the traditional projector and portable devices value chain, and has been expanding rapidly and shaping into a strong, well-connected chain over the past few years. Several new product developments have occurred and new models have come up, owing to the application potential of pico projector in various applications.
The Pico Projector Market has found use in applications such as - aerospace & defense, automotive, business & education, consumer electronics, healthcare, industrial, and retail. The business & education and consumer electronics application offers a huge growth potential for pico projectors, especially due to the advanced and suitable features offered over the other processes. These two applications collectively accounted for a market share of 47.16% in 2014, wherein consumer electronics is expected to grow with a high CAGR of 40.39% between 2014 and 2020. Applications such as business & education and consumer electronics accounted for the highest market share in 2014.
The report segments the Pico Projector Market on the basis of type into product type, technology, specification, components, applications, and regions. Furthermore, it provides revenue forecasting and analyses the market trends. The geographical analysis contains the in-depth classification of the market into North America, Europe, and APAC which comprise the major countries covering the market. The Pico Projector Market size is expected to grow at a CAGR of 39.82% between 2014 and 2020. The Pico Projector Market is growing rapidly in many segments and applications with some of the fast growth application markets likely to double by 2020 in terms of market revenue. Newer applications and uses are continually being devised for this technology which would further propel the market in the coming five years. This growth is being heralded by the likely growth of the consumer electronic markets, thereby driving the demand for pico projectors.
The Pico Projector Market is mainly driven by factors such as the integration of pico projector in mobile phones and tablets, inclusion of pico projectors in wearable electronics, development of HD pico projectors, and head-up display. The major restraints affecting the market include safety issues especially related to laser based pico projectors and low brightness of pico projectors. The inclusion of pico projectors in consumer electronics is expected to provide a huge growth opportunity for the same.
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Some of the major players in this market include Aaxa Technologies Inc. (U.S.), Acer Inc. (Taiwan), AIPTEK International, Inc. (Taiwan), Coretronic Corporation (Taiwan), Lemoptix SA (Switzerland), MicroVision, Inc. (U.S.), Sony Corporation (Japan), STMicroelectronics N.V. (Switzerland), Syndiant Inc. (U.S.), and Texas Instruments Inc. (U.S.).
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