Pico Projector Global Market – Overview
Pico Projector is a compact device designed to project video and image contents from any mobile device such as a camera, smartphone, tablet, laptop or even a memory stick. Some of the latest projectors possess Bluetooth technology integrated with it. These projectors are generally termed as handheld, projectors, or portable projectors. Pico projectors are generally of two types; embedded pico projectors and non-embedded pico projectors, which are further covering USB pico projectors, and media player pico projectors. Some of the protuberant drivers supporting the growth of global Pico Projector Market are identified as, integration of projection technologies with mobile devices, growing technical advancement – green laser technology, and increased demand from automobile sector. However, low tractability in presence of features in embedded pico projectors is one of the restraining factor for the pico projector market.
Rapid advances in electro-mechanics and optics have increased the capabilities of projectors in terms of resolution, brightness, dynamic range, throw-ratio, and speed. Cost reductions, availability, and the fact that projectors can display images that are much larger than the devices themselves made them a mass-market product. Scientists from MIT have developed a new holographic 3D projector which is in between true holograms and current 3D images. It essentially works by projecting light onto a screen that can bend it in different directions, like an illusory version of current parallax 3D. Currently, the techniques that have been described found several applications outside the laboratories. Some of them became inherent parts of museum exhibitions, live stage performances, and multimedia presentations in historic sites. With improving hardware and declining costs, however, the technology can be wide spread and can be clubbed into a smart phone.
The global pico projector market is expected to grow at approx. USD 3.8 Billion by 2023, at 15% of CAGR between 2017 and 2023.
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The prominent players in pico projector market are – Lenovo Group Limited (U.S.), LG Electronics Inc. (South Korea), Microvision, Inc. (U.S.), Sony Corporation (Japan), Aaxa Technologies Inc. (U.S.), Texas Instruments Inc. (U.S.), ZTE Corporation (China), Koninklijke Philips N.V. (Netherlands), Cremotech Co., Ltd. (South Korea), Global Aiptek Corporation (Taiwan) among others.
In February 2019, a new assemblage pico projector has been launched via Kickstarter, a crowdfunding platform.
In January 2019, AAXA, a pioneer in advanced Nano-LCoS systems, has announced the launch of P7 Mini HD DLP Pico Projector.
In October 2018, Anker, a Chinese electronics company, has unveiled its latest Nebula Capsule II pico projector that runs full Android TV operating system. The new projector has a higher-resolution and is comparatively brighter than previous models.
In August 2018, AAXA Technologies, a specialist in the development of pico projectors, has announced the introduction of P300 NEO Smart Pico Projector which is an upgrade to its P300 Neo projectors.
To generate a comprehensive understanding of the global pico projector market, the report is segmented by component
- Based on components, the market is segmented into light source, light emitting diodes (LED), laser diodes, illumination system, fly-eye lens, light pipe, and projection lens. The digital light processing sub-segment accounts for the most significant market share in 2016.
- Based on types, the market is segmented into embedded pico projectors and nonembedded pico projectors
- Based on technology, the market is segmented into digital light processing (DLP), liquid crystal on silicon (LCOS), laser beam steering, and projection technologies in augmented reality
- Based on specifications, the market is segmented into resolution, brightness, and power source. The brightness segment is further segregated into 0-50 Lumen, 50-100 Lumens, 100-150 Lumens, and 150 and above. The resolution segment is also segregated into up to 480p, and 720p. The resolution segment is further segregated into in-built battery and non battery
- Based on applications, the market is segmented into retail, healthcare, business & education, consumer electronics and automotive
- Based on regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa.
Asia Pacific accounts for the most significant market share and is also projected to grow at the fastest CAGR during the forecast period. The Asia Pacific region is dominated by Japan, China, South Korea and India.
China has mainly developed as a manufacturing hub for consumer electronic devices led by Guangzhou and Shenzhen economic hubs. The North America region is expected to be dominated by the U.S. The European market is driven by Germany, France, and the U.K. The Middle East and Africa region is supposed to be dominated by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.
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- Technology Investors
- Technology Providers
- Research/Consultancy Firms
- Chip designers and fabricators
- Original equipment manufacturers (OEMs)
- Educational Institutions
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