Press release
Pico Projector Market Analysis by Global Leaders: Texas Instruments, Sony Corporation, Aaxa Technologies, ZTE, Cremotech, Global Aiptek, Lenovo Group Limited
Market Scenario:
Major giants like Sony Corporation and Lenovo Group are investing into pico projector market due to increasing demand from consumer electronics sector. Sony Corporation has developed a pico projector module equipped with Sony’s independently developed image processing system which makes use of laser beam scanning. This pico projector module can be combined with Wi-Fi components to convert into a pocket sized projector to display images from a smartphone. Lenovo Group has launched a pico projector with swiveling lens that provides a more flexible display. The projector is a palm top size and can provide wireless projection of data from a SD card.
Asia Pacific region holds the largest market share of global pico projector market and is also expected to be the fastest growing region. The growth in Asia Pacific region is majorly dominated by China, Korea and Japan, China being the manufacturing hub for consumer electronic devices. The growth is Asia Pacific is attributed to the increasing demand for innovations and portable consumer electronics in the region. Many startups are investing into the pico projector market and belong to the Asia Pacific region.
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Pico Projector Market has been segmented on the basis of component, type, technology, specification and application. The technology segment is further bifurcated into digital light processing (DLP), liquid crystal on silicon (LCOS), laser beam steering and projection technologies in augmented reality (AR). Out of which, the digital light processing sub segment holds the largest market share in the pico projector market. This advanced processing technology was initially developed by Texas Instruments and is implemented in pico projectors.
Pico projectors are also referred to as handheld projectors. Major factor driving the growth of pico projector market is the growing need for portable and handy electronic devices. With the increasing demand for consumer electronics, the merging of pico projector into the portable consumer electronics is increasing and this is one major factor fueling the growth of pico projector market.
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.
Key Players
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.
Segments:
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.
Regional Analysis:
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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Intended Audience
• Technology Investors
• Technology Providers
• Research/Consultancy Firms
• Chip designers and fabricators
• Original equipment manufacturers (OEMs)
• Consumers
• Educational Institutions
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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