Global Pico Projectors Market 2017-2021
About Pico Projectors
Pico projector is used to project images through a handheld device. These projectors are embedded into several devices, such as smartphones and cameras, and is popular as pico projectors. These are miniature image, video, image, or personal digital assistant (PDA) projectors and are used for several applications such as projecting information on relatively large screens.
Technavio’s analysts forecast the global pico projectors market to grow at a CAGR of 32.10% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global pico projectors market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of pico projectors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pico Projectors Market 2017-2021
Technavio recognizes the following companies as the key players in the global pico projectors market: AAXA Technologies, MicroVision, Optoma Technology, Syndiant, and Texas Instruments.
Other Prominent Vendors in the market are: AIPTEK International, ASK Proxima, Canon, Greenlight Optics, Light Blue Optics, Luminus Device, Lemoptix, Maradin, Mezmeriz, OPUS Microsystems, Samsung Electronics, and WowWee Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is high adoption of embedded pico projectors. The growing demand for small-sized flexible devices allows great demand for embedded pico projectors, enabling them to dominate the global pico projectors market. These projectors integrated into image processing and electronic devices, such as smartphones, are likely to drive the market in the forecast period. Furthermore, the emergence of augmented reality and IoT are making embedded pico projectors an important platform in electronic devices.”
According to the report, one of the major drivers for this market is increasing integration of pico projectors in smartphones. The smartphones industry is the major end-user and will drive the market growth. Smartphones have achieved a penetration rate of 50% in the global smartphones market and the integration of pico projectors in smartphones will provide huge scope for the growth of the global pico projectors market. Also, pico projectors have been integrated into devices like digital photo frames, digital cameras, digital camcorders, laptops, mobile TVs, portable media players, and portable gaming devices that will boost market growth.
Further, the report states that one of the major factors hindering the growth of this market is low brightness and limited features of pico projectors. Pico projectors are small, have limited light-emitting technology and in most cases, are embedded in devices. It is difficult to provide high-power backup to support these devices. This results in low brightness of output, affecting the adoption of these projectors. This affects market growth adversely.
AAXA Technologies, MicroVision, Optoma Technology, Syndiant, Texas Instruments, AIPTEK International, ASK Proxima, Canon, Greenlight Optics, Light Blue Optics, Luminus Device, Lemoptix, Maradin, Mezmeriz, OPUS Microsystems, Samsung Electronics, WowWee Group.