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Pico Projector market worth 9.32 Billion USD by 2020
According to the 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", the pico projector market is estimated to reach USD 9.32 Billion by 2020, at a CAGR of ~40% between 2014 and 2020. The growth of the market is propelled by the integration of pico projector in consumer electronics such as mobile phones and tablets among others. Pico projectors have undergone several technological advancements due to the continuous demand in the market. The introduction of a pico projector in wearable electronics and the development of HD pico projector and head-up display are some of the major driving factors for the pico projector market. Players involved in the development of pico projector have also started introducing innovative pico projectors at a larger scale.
Browse 72 market data tables and 84 figures spread through 178 pages and in-depth TOC on “Pico Projector Market - Forecasts to 2020”
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“Increasing demand for high-definition pico projectors in the coming years”
The image quality produced by a normal pico projector is not satisfactory; therefore, there is a demand for projectors with a good and sharp image quality, at a similar price range. The issues with image quality have been resolved with the development and introduction of high-definition (HD) pico projectors. Players in the ecosystems of pico projector have started the development of HD pico projectors. Recently in October 2015, Sony Corporation (Japan) has introduced MP-CL1 mobile projector. This pico projector delivers HD resolution using laser light as a source. It’s priced in the market at $349.99.
“Huge demand for pico projector is expected from wearable electronics”
Introduction of the pico projector has given significant opportunity for the development of an innovative wearable electronic device. Players in the ecosystem of pico projectors have done lots of research and development so that pico projectors can be embedded into wearable electronics. Cicret (France) is one such company which has developed a bracelet which includes the pico projector as one of many components; other components include proximity sensor, accelerometer, and vibration module. The company is planning to start its manufacturing by fall of 2016 and the bracelet is expected to be available to consumers by the end of 2016.
“Pico projector-based products from APAC companies were showcased in CES-2016”
Asia-pacific accounts for the large share, in terms of value, for the pico projector market and the APAC market for pico projectors is expected to grow at a high CAGR during the forecasted period. APAC is considered as hub for supplying consumer electronic products due to which the demand can be easily meet. Therefore, consumer electronic suppliers and pico projector manufacturers would together drive the pico projector market in the APAC region. Lenovo Group Ltd. (China), Sony Corporation (Japan), and Haier Group (China) are some of the players involved in the development and introduction of pico projectors into their products. Recently, both Sony Corporation (Japan), Haier Group (China) have showcased their products at consumer electronics show (CES-2016).
Companies involved in the development of pico projectors 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), and Texas Instruments Inc. (U.S.).
This research report categorizes the global pico projector market based on product type, technology, specification (brightness & number of pixels), component, application, and region. This report describes the drivers, restraints, opportunities, and challenges with respect to the pico projector market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their impact on the pico projector market.
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