Pico projector technology applies to the use of image projectors to handheld devices. It is also the reason why they known as handheld or pocket projectors. These projectors are developed as a response to the stream of advanced and compact devices like smartphones, laptops and other personal digital assistants and cameras. This emerging technology is poised to revolutionize the projector market on global scale. With help of this technology, users will be able to carry projectors into their pockets. Integration of this technology in different advanced gadgets is driving the global Pico projectors market. Thanks to the rising demand and constant evolution of the existing technology, the industry is expected to make remarkable growth in the near future.
Key Takeaways for Pico Projectors Industry
Pico or handheld projectors are available in different types and they also work based on different technologies, which influences the final outcome of using them. These projectors are available in media players, USBs, embedded and stand-alone. These types work with digital light processing (DLP), laser beam steering (LBS), liquid crystal on silicon (LCoS) and other types like holographic laser technology. Amongst these technologies, LCoS and DLP are considered to be mainstream, which use white light source to create distinct color and brightness for each pixel. Use of technologies as well as applications of mobile projectors is continually evolving, which is a working for the global Pico projector market.
Rising demand for these small-format projectors used in private large displays is growing across the world. They are increasingly being used in various handy devices like digital cameras, smartphones, digital photo frames, mobile TVs, camcorders, portable gaming devices and other portable media players as well. As a result of this increased adoption of technology, the market is growing at an exponential rate. During the forecasting period of next four to five years, Pico projector market is expected to grow at a CAGR of over 41%. According to the reports, the market is expected to generate impressive revenue of over $10.09 billion by 2020.
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Surging demand for this technology and innovations in the industry are some of the major reasons why the Pico projector market is expected to make its mark across various geographic regions. The global market is divided into four geographic regions, North America, Europe, Asia Pacific and rest of the world. Within these geographic regions, North America is expected to dominate the global scenario. However, rising demand in Asia Pacific region is expected to make vital different in the industry in near future.