The advancements in consumer electronics are providing ample growth opportunities for the global pico projector market. The safety issues with laser beam steering based pico projector, and low brightness offered by LED-based projector are two of the major factors, restraining the growth of the global market.
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The compatibility and portability of pico projectors with 3G/4G, WiMax and Wi-Fi technologies is supporting the growth of the global market. Additionally, the increasing consumer disposable income and strong economic growth are expected to drive the growth of the global market in the automobiles and consumer electronics applications.
Among the various types, the embedded projector segment led the global market in 2014 and is also expected to grow with the fastest rate during the forecast period. This is due to widespread usage of projectors in portable consumer electronics.
Among the various regions, North America led the global market in 2014 and is also expected to maintain its dominance in the coming years. The dominance of the region is due to early technology adopters in the region, which ensures the faster adoption of projectors.
Among the various technologies, the laser beam steering segment is expected to grow with the highest rate in the coming years, due to various benefits offered by the technology, such as high brightness and better image quality, which results in enhanced customer experience.
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Some of the competitors in the global market are Microvision Inc., AIPTEK International Inc., Aaxa Technologies Inc., STMicroelectronics NV, Coretronic Corp., Sony Corporation, Texas Instruments Inc., and Syndiant Inc.
Global Pico Projector Market Segmentation
By Type
- USB Projector
- Embedded Projector
- Laser Projector
- Media player Projector
- Standalone
- Liquid Crystal on Silicon
- Laser Beam Steering
- Holographic Laser Projection
- Digital Light Processing
- MEMS
- Batteries
- Light Source
- Optics
- Others
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