Pico Projector Market 2018 by Global Key Players: LG Electronics, Microvision, Sony, Aaxa Technologies, Texas Instruments, ZTE, Cremotech, Global Aiptek

Market Research Future published a research report on “Pico Projector Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

Pico projector market is estimated to exhibit high growth potential during the forecast period owing to rapid adoption of digital technology and increasing popularity of mobile devices and growing demand for portable and handy electronic devices. Major driving factor in the growth of pico projector market is the merging of smartphones with the pico projectors. Growth of digitization is another major factor driving the growth of Pico Projector Market. Growing demand for innovations and increasing technological advancements is responsible for fueling the growth of pico projector market.

Major companies like Aaxa Technologies are coming up with superior pico projectors in order to provide higher resolution displays and are driving the pico projector market. Recently Aaxa has introduced a 1080p battery powered portable projector which provides a 1920x1080 pixel resolution. Other major players like Sony Corporation and Lenovo Group are also coming up with developments in the pico projector market and are responsible for fueling the growth of the market.

Pico projector market has been segmented on the basis of component, type, technology, specification and application. The type segment is further bifurcated into embedded pico projector and non-embedded pico projectors. Out of which, the non-embedded pico projector sub segment is expected to hold the largest market share of pico projector market owing to its high resolution output and ease of connectivity. The non-embedded pico projectors provide improved brightness levels and offer greater display size. Moreover the portability attached with its standalone nature is major factor driving the growth of non-embedded pico projectors in the pico projector market.

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The major factor restraining the growth of pico projector market is the health and safety concerns arising due to the adverse effect of laser beams on the eyes. This could be one major factor that could cause hindrance in the growth of pico projector market. Also there are regulations and safety standards established for the power output restrictions on the pico projectors.

According to Market Research Future Analysis, pico projector market has been valued at approx. USD 3.8 Billion by the end of forecast period with 15% of CAGR during forecast period 2018 to 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.

Pico Projector Market Segmentation

The pico projector market has been segmented on the basis of component, type, technology, specification and application. The specification segment is bifurcated into resolution, brightness and power source. The resolution segment is further bifurcated into resolution up to 480p and 720p resolution. Out of which, the resolution up to 480p was initially launched and is considered as value for money kind of device. Owing to this, the 480p resolution segment holds the largest market share for pico projector market. Whereas, the growing demand for superior quality pico projectors is driving the growth of 720p resolution size segment.

Market Research Analysis:

The regional analysis of pico projector market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that Asia Pacific is estimated to account for the largest share of the market and is also projected to grow at the fastest rate during the forecast period. The major growth in pico projector market in Asia Pacific is attributed to the increasing demand for portable and handy consumer electronics in that region.

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Intended Audience

• Technology Investors
• Technology Providers
• Research/Consultancy Firms
• Chip designers and fabricators
• Original equipment manufacturers (OEMs)
• Consumers
• Educational Institutions

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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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Market Research Future
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This release was published on openPR.