Pico Projector Market will Grow at 14.86% CAGR During 2018 – 2023 | Worldwide Key Players - Aaxa Tech, Acer, Aiptek, Coretronic, Lemoptix SA, Microvision, Sony, STMicroelectronics NV, Syndiant
Overview of the Global Pico Projector Market:
The Global Pico Projector Market was valued at USD 1.97 Billion in 2017 and is expected to reach nearly USD 3.95 Billion by 2023, registering a CAGR of about 14.86% during 2018 - 2023 (the forecast period).
North America is dominating the Global Pico Projector Market. Recent developments in the pico projector technology have made personal projectors viable for the consumer market. The Pico Projector Market is further driven by the capability of optoelectronic systems and these projector are used in various industries, like automotive, aerospace & defense, consumer electronics, healthcare, media & entertainment, marketing agencies and others’. Pico projectors can make bared eyes 3D motion pictures with high resolution, where viewers can watch movies and play games with the glass-free environment. South Korea and Japan are among the promising markets for the VR gaming technology.
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Currently, standalone, media player, and USB pico projectors have a higher demand than embedded projectors, as they are yet to capture the market. Technologies incorporated in pico projectors are Liquid Crystal-on-Silicon (LCoS), Laser-Beam-Steering (LBS), and Digital Light Processing (DLP). The major components that comprise a pico projector are optics, batteries, and a lighting source. The manufacturing sector of pico projector systems market has seen a slight decline in the last few years because of the plunging cost of electronic goods. The general market outlook remains fairly positive, although the degree of the competitive rivalry has grown substantially over the last few years. The market can be characterized by high levels of fragmentation, moderate to high-product differentiation, increased rate of adoption of display gadgets in the Asia-Pacific.
DLP projectors rely primarily on a DLP chip, or digital micromirror device (DMD), which comprises of up to two million tiny mirrors, where each mirror is one-fifth the width of a human hair. A DLP projector with three-chip architecture can project up to 35 trillion colors. Being light-source agnostic, DLP technology can effectively use a variety of light sources. Typically, the main DLP light source is a replaceable high-pressure xenon arc lamp unit. Alternatively, pico DLP projectors use high-power LEDs or lasers.
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North America is likely to dominate the Global Pico Projector Market, during the forecast period. The major factors driving the scale and growth of the North American market are the investments in the consumer market, as well as the strong domestic consumption in the automotive, healthcare, and education and research markets. Also, a lot of discussions have surrounded the new applications of this technology, particularly in life sciences, intelligent traffic systems, and vision-guided robotics.
Major Key Players:
1 Aaxa Technologies, Inc.
2 Acer, Inc.
3 Aiptek International, Inc.
4 Coretronic Corporation
5 Lemoptix Sa (Acquired by INTEL in 2015 for undisclosed sum)
6 Microvision, Inc.
7 Sony Corporation
8 STMicroelectronics NV
9 Syndiant, Inc.
10 Texas Instruments, Inc. and More…………………..
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This study answers to the below key questions:
1 What will the market size be in 2023 and what will the growth rate be?
2 What are the key market trends?
3 What are the challenges to market growth?
4 Who are the key players in this market?
5 What are the market opportunities and threats faced by the key players?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Pico Projector Market.
Table of Contents:
2 Executive Summary
3 Market Insights
4 Market Dynamics
5 Global Pico Projector Market Segmentation
6 Competitive Intelligence - Company Profiles
7 Recent Mergers and Acquisitions
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