Anyone who has had the unfortunate job of transporting a projector knows the bulky devices aren’t exactly a peach to lug around. Pico projectors, on the other hand, are tiny, lightweight, next-generation devices that are exceptionally portable.
These little projectors aren’t a new concept, per se. They’ve been around before, but sub-standard image quality and brightness have kept them from moving beyond simple (albeit expensive) novelty items.
However, new technological advancements in the field are encouraging a CAGR of 28.88 percent in the Global Pico Projector Market.
A lot of this growth is due to a reimagining of projectors. While these used to be exclusively standalone devices, trends are now pointing towards projectors that can be embedded into our already popular mobile devices.
In fact, the standalone pico projector market is actually shrinking, with the embedded pico projector market having all the fun. The market size is expected to increase more than tenfold between now and 2018, growing at a CAGR of 66.5 percent.
The potential for pico projectors is immense, and pretty fun. TechNavio analysts have whittled down a few market trends that are making these devices viable for consumer use.
Advances in Technology
At a very basic level, the big boost for the pico projector market will come from better technology. New projectors will be even smaller, have better resolution and use less power, making them a better option for integration into mobile devices. Which brings us to…
Increased Adoption of Embedded Pico Projectors
Embedded picos satisfy a big demand for flexible devices that consume less space and are available at low prices. They also fit quite comfortable into the concept of augmentation of electronic devices, which is expected to increase revenue contribution of embedded pico projectors over the projected period.
Increased Use of Laser Light Sources
Lasers are the key technology behind pico projectors and will be the leading light source in the coming years. Low-cost and high-performance light sources will revolutionize the pico projectors market, fuelling its growth during the forecast period.
A few companies on the leading edge of pico projectors:
