BURNABY, British Columbia, July 24, 2014 /PRNewswire/ --
Increasing demand from Americas and Asia-Pacific coupled with growing adoption by SMEs to augment global pico projector market through 2019
Ever since their introduction in the global market in 2009, pico projectors have revolutionized the global projector market. Although the market is still in nascent stage, the demand for pico projectors has been registering significant growth over the last few years. Key factors driving the global pico projector market include rising demand from emerging markets, expanding SMB segment, increasing IT spending and rising mobile workforce across the globe. In 2013, global pico projector sales registered a two-fold increase compared to 2012. During its initial years, the market for stand-alone pico projectors witnessed lower adoption due to high pricing and low confidence of customers towards small sized projectors. However, the scenario has changed over the last two years with the emergence of high-endand comparatively low-cost stand-alone pico projectors offered by companies such as AAXA Technologies, Philips, 3M, Optoma Technology, etc.
According to a recently published report by TechSci Research "Global Pico Projectors Market Forecast & Opportunities, 2019", the global pico projector market is expected to touch US$1.35 billion in 2014. Emergence of various innovative technologies including holographic projectors, volumetric displays and quantum dot lasers is expected to drive the projectors market in the coming years. Consumer electronics sector currently dominates the global pico projector market, mainly due to integration of pico projectors in smartphones, tablet PCs, laptops and digital cameras. In the automotive and defense sector, pico projectors are witnessing wider adoption in Head-Up Display and Head-Mounted Display devices and systems.
"Texas Instruments is the leading provider of DLP display chip technology in pico projectors, with Syndiant and Himax Technologies being the major players in LCoS based pico projector market. The demand for LBS (PicoP based) pico projector modules is also expected to witness significant growth through 2019," said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Pico Projector Market Forecast & Opportunities, 2019" has evaluated the future growth potential of global pico projector market and provides statistics and information on market structure, market trends and industry behavior. The report includes global pico projector market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in global pico projector market.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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SOURCE TechSci Research