The pico projector market is mainly driven by factors such as the integration of pico projectors in mobile phones and tablets, inclusion of pico projector in wearable electronics along with, development of HD pico projector and Head-up Display. The major restraints affecting the market include safety issues especially related to laser based pico projector and low brightness in pico projectors.
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 major players in this field 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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Some of the major players 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), Syndiant Inc. (U.S.), and Texas Instruments Inc.
(U.S.). the pico projector market is estimated to reach $9.32 billion by 2020; growing at a CAGR of 39.82% from 2014 to 2020.
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 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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Pico projector is a technology which uses an image projector to project the content of the device on the wall or screen available nearby. It uses different technologies to function properly in the prescribed manner of projection.
It is like an additional feature in consumer electronics such as smartphones, laptops, notebooks, tablets, digital cameras, and in gaming systems. The major advances in imaging technology have enabled the development of pico projectors.
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 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.
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