According to the latest market research study released by Technavio, the global pico projectors market is expected to grow at a tremendous CAGR of more than 32% during the forecast period 2017-2021.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global pico projectors market based on technology:
Global pico projectors market shares by technology 2016
|
LCOS |
41.46% |
|
DLP |
41.02% |
|
LBS |
17.52% |
Source: Technavio
LCOS
In 2016, LCOS segment accounted for a share of around 41% in the global pico projectors market and is likely to grow at a CAGR of around 34% during the forecast period.
“LCOS technology provides the best solution regarding display quality and projectors. SMEs is projected to be the major contributor in generating the sales of pico projectors, especially the LCOS technology. The increased contribution of IT spending in SMEs coupled with the high demand for handheld pico projectors in consumer electronics will boost the sale of pico projectors during the forecast period,” says Chetan Mohan, a senior analyst at Technavio for research on computing devices.
With the presence of various features, such as the absence of color wheel and high fill factor, LCOS projectors offer the optimum smooth pixels than any other systems. LCOS projectors do not have rainbow and screen-door effect unlike other LCD or DLP projectors. These qualities of LCOS technology drive its adoption across application segments.
DLP
The DLP segment of global pico projectors market is expected to grow at a CAGR of around 34% during the forecast period. The low cost of the DLP is the chief reason for the segment to grow during the forecast period. Digital light processing works on the phenomenon of reflection, wherein light is reflected from panels that are called DMDs. The DMDs consist of several thousand of small reflective mirrors, each tiny mirror reflecting a single pixel of the resolution of the projected image. As the light projects on these small mirrors, they move back and forth from the lens inside the projector. The projector has a spinning color wheel that filters light into red, green, and blue and is portable, reliable, durable, has high contrast ratio and reduced pixilation. The several factors driving the growth of global DLP projector market include its space and ease of shifting from one place to another, the deep blacks achievable by DLP projectors making them a more preferred option in home cinemas, reliability, and low cost of maintenance.
LBS
LBS projectors create images of one pixel at a time, utilizing a directed laser beam and hence, are different. It has three different lasers such as red, blue, and green and each one has precise brightness, combined using optics and guided using a mirror. LBS pico projectors are focus-free even on curved images and have a low power consumption. All these characteristics of LBS technology have led to the high adoption of LBS-based pico projectors globally.
The top leading vendors operating in the global pico projectors market are:
- AAXA Technologies
- MicroVision
- Optoma Technology
- Syndiant
- Texas Instruments
Other prominent vendors in the market include AIPTEK International, ASK Proxima, Canon, Greenlight Optics, Light Blue Optics, Luminus Device, Lemoptix, Maradin, Mezmeriz, OPUS Microsystems, Samsung Electronics, and WowWee Group.
A more detailed analysis is available in the Technavio report titled, ‘Global Pico Projectors Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Interactive Projectors Market 2016-2020
- Global Home Theater Projector Market 2016-2020
- Global Video Wall Market 2016-2020
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