The rapid increase in Smartphone adoption is expected to fuel the global pico projector market. The pico projectors can also practice with portable devices like tablets and laptops also. Because of this it is expected that this suitable use will help in the growth of the market in future.
Also, applications in different areas as well as portability also help in increase the growth of the market. The advancement in the technology is improving the product to advance the features like better contrast ration in addition to high pixel quality in the product.
The product is also offering other benefits like watch & share videos, pictures, presentation with others anytime. Also, compatibility with Wi-Fi, WiMax and 3G/4G technologies of the product will help it to increase its demand in the future. Growing popularity of smart devices in the market along with evaluation of the concept of the internet of things (IoT) is also helping the growth of pico projector market. Pico projector market is also driving its demand on the features like product miniaturization moreover product integration with wearable electronics, portability of product, etc.
As Smartphone market is growing fast, embedded projector will gain highest revenue share because of this growth. The Smartphone with features like virtual keyboard with penetration of BYOD also has the potential of growth. This projector can also use in an automobile as a head up display unit.
Laser In addition with embedded product will get an edge over the standalone pico projector market in the upcoming seven years because of the need for mobility across all sectors of operation. With increasing image quality in laser projectors help the demand to grow in all areas especially in education sector.
The mainstream technologies that use in devices are Digital light processing And liquid crystal on Silicon. Also laser beam steering is growing technology because of its compatibility with the Smartphone as well as tablets. This technology has a better quality of display as compared to mainstream devices. With improving technology, the contrast, quality, and focus of the screen have improved as compared to mainstream technology.
The applications in which the Pico projectors used are large consumer electronics in addition to some others are electronics, aerospace, defense, healthcare, education, etc.
The Recent beginning of the product Smart Cast by Lenovo has a number of instinctive features like infrared motion detector, built-in laser projector with large virtual touch screen. Education institutions utilize these products to make the classroom training of students superior and insightful. Increasing inclination of providing high-end education in numerous learning institutes may drive demand over the forecast period.
Also because of sharing of the data across the department and better patient management facilities, this product is becoming popular in healthcare sector too.
In Asia Pacific region the products like Smartphone, tablets, and laptops have a huge demand in future, so this will help to drive the sale of projector market in this area. Also North American market has a high potential because of low entry barriers in the market. As many European corporates have a policy like Bring Your Device, so this will also help the demand of projector in European market.
Competitive Market Share Insights:
As many new players are coming in the market, price-sensitive devices as well as focus on cost cutting of product, the industry has become very competitive. AAXA Technology, Sony, Samsung Electronics, Acer Inc, Optoma Inc.are some of the key players in the Pico Projector market.
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
Pico Projector Regional Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 - 2022)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Research Support Specialist, USA