Global Pico Projector Market: Overview
The pico projectors are also known as handheld projectors; it is an advanced technology that is escorted with devices that are portable such as tablets, mobile phones, and cameras. The pico projectors provide an easy way to project the contents of these devices on the surfaces such as notebooks, portable projection screens, walls, and airplane food trays. The pico projector makes use of the laser light or LED which helps in eliminating the need for the replacement of the lamp. The major segments of the pico projectors include embedded projectors and stand alone projectors.
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Global Pico Projector Market: Segmentation
The global pico projector market is segmented into its type, technology, components, specification, and application. On the basis of type, the global market is divided into non-embedded pico projector and embedded pico projector. Based on the technology, the market is categorized into laser beam steering (LBS), digital light processing (DLP), and liquid crystal on silicon (LCoS). Depending on the components, the market is segregated into projector lens, light source, and illumination system. On the basis of specification, the market is bifurcated into power source, brightness, and resolution. Based on the application, the market is segmented into business & education, healthcare, consumer electronics, and retail.
Global Pico Projector Market: Growth Factors
The growing integration of the pico projectors in the smartphones is the key factor that is driving the pico projector market. The modules of the pico projectors are embedded into various devices such as digital cameras, digital photo frames, portable media players, portable gaming devices, digital camcorders, laptops, mobile TV which is driving the demand of the pico projector. The increasing applications and the decreasing selling price is the other factor that is attributing to the market growth. The factor that the consumers today are using advanced technologies for their operations is also fueling the market growth. The use of flat panel displays are increasing in the coming years hence acting as a restraining factor in the growth of the pico projector market.
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Global Pico Projector Market: Regional Analysis
Geographically, the pico projector market is diversified into regions such as North America, Europe, Asia-Pacific, and Rest of the World. The region that is dominating the pico projector market is North America. The factor that the smart phone manufacturers are looking for an alternative to find products that are cost-effective to embed in their devices is contributing to the market growth. The North America is followed by Europe and Asia-Pacific region. The increasing adoption of the policies such as Bring Your Own Device (BYOD) policy in the corporate and increased demand for the high-quality images is driving the pico projector market in the European region. The increased adoption of the smart technologies in the Asia Pacific region is driving the demand of the market.
Global Pico Projector Market: Competitive Players
The major market players in the pico projector market include Texas Instruments, Inc., Aaxa Technologies, Inc., Koninklijke Philips N.V., Optoma Technology Corp., MicroVision, Inc., LG Electronics, Inc., Lenovo Group Ltd.
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