This market research study presents a detailed segmentation of the global light projector market by technology (LCD, DLP, and LCoS), by type (fixed installation and pico), by light source (lamp, LED, and laser), and by end-user (education, corporate, government, and entertainment). This report also segments the market by geography (Americas, APAC, and EMEA). The key vendors identified in the market are Canon, Epson, JVC, and Sony.
Technavio’s market research analysts estimate the global light projector market to grow at a CAGR of around 9% between 2016 and 2020. Increased adoption of liquid crystal on silicon (LcoS) projectors are accelerating the demand for light projectors. Of late, the market is witnessing huge demand for low-cost portable Pico projectors, especially from the small and medium enterprises. Embedded Pico projectors are gaining popularity as an important platform for augmented reality. APAC holds the largest market share in the light projector market, owing to the increasing adoption of light projectors in the corporate and education sectors.
The new market research report from Technavio provides a breakdown and analysis of the light projector segments by technology.
“Pico projectors are expected to be the most attractive value proposition for vendors in the market as they provide flexibility and portability compared to fixed installation projectors. Latest technologies are ensuring that the performance of these miniaturized Pico projectors outdoes fixed installation projectors. Pico projectors cost 25% less than a fixed installation projector. These projectors have a high aesthetic appeal, making it a clutter-free option for the corporate and education sectors,” says Soumya Mutsuddi, Lead Analyst, Media & Entertainment, Technavio Research
Currently, the fixed installation projectors leads the projector market; however, the pico projector segment is expected to hold the maximum market share by the end of 2020. Since fixed installation projector is installed in a designated area and requires a large amount of installation space, its demand is expected to dwindle over the next five years. However, pico projectors work on the same technology as fixed installation projectors to display an image. But the projector does not require a fixed screen, making it portable and easy to use. Therefore, the pico projector market is expected to hold the largest market share of more than 60% by the end of 2020.
The key vendors in the global light projector market are Canon, Epson, JVC, and Sony. This market is highly competitive with the presence of multiple global players. The leading providers account for the majority of the market shares.
A more detailed analysis is available in the Technavio report, Global Light Projector Systems Market 2016-2020.
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