About Light Projector
Since 2012, technological innovations have improved image resolution, increased energy efficiency, and decreased space constraints with the development of portable Pico projectors. The emergence of light projectors has ensured that even small portal projectors can display images and videos with increased clarity. Further, embedded Pico projectors are likely to dominate the Pico projector segment owing to the growing demand for flexible devices, which consume less space and are priced low. Embedded Pico projectors are becoming an important platform for augmented reality, the latest technology in electronic devices.
Technavio’s analysts forecast the global light projector market to grow at a CAGR of 8.92% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global light projector market over 2016-2020. To calculate the market size, the report considers the revenue generated through sales of light projectors around the world.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Light Projector Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Light Projector Market: Canon, Epson, JVC, and Sony
Other Prominent Vendors in the market are: AAXA Technologies, ACER, BenQ, Hitachi Digital Media, Light Blue Optics, LG Electronics, Samsung Electronics, Toshiba WowWee and WowWee.
Commenting on the report, an analyst from Technavio’s team said: “During 2015, APAC was the largest market for light projectors and accounted for more than 45% of the market share in terms of the revenue generated. The increasing adoption of light projectors in the corporate and education sectors will aid in the growth of this market in the coming years. Also, the education sector is rapidly digitizing in this region, thereby fuelling the demand for the light projectors until the end of 2020.”
According to the report, this increasing adoption of low-cost, portable projectors by small- and medium-sized enterprises is one of the key factors driving the growth of this market. Also, the technology is fast becoming an affordable option for middle-class consumers due to the decreasing average selling price of light projectors. A high number of fixed installations are increasingly getting replaced by low-cost Pico projectors, and this is expected to propel the growth prospects of the light projector market during the forecast period.
Further, the report states that a major factor hindering market growth is the high switching cost involved.
Canon, Epson, JVC, Sony, AAXA Technologies, ACER, BenQ, Hitachi Digital Media, Light Blue Optics, LG Electronics, Samsung Electronics, Toshiba WowWee, WowWee.