Boston, MA -- (ReleaseWire) -- 03/07/2014 -- Pico Projector Market by Technology (DLP, LCOS, LBS), Type (USB, Standalone, Media Player, Embedded), Product Model, Brightness, Application (Aerospace & Defense, Automotive, Business & Education, Consumer, Healthcare) & Geography Forecasts & Analysis (2013-2020)
Pico projectors are miniature video projectors that can be used in many applications where there is a need for sharing information over the large displays. It can accommodate videos and photos for on-the-go entertainment and also slides and charts for presentations in business or classrooms.They are also known as multimedia display systems. Pico projectors are very small devices and can be easily fitted in the palm of the hand or in a pocket. Pico-projector first came into existence in 2003 but products with this name have recently reached performance levels which have made them attractive to capture the market. Presently majority of Pico projectors can display between 0 and 50 lumens, which might increase up to 300 lumens in the coming years.
The countries such as China, India, UAE and Germany are the major untapped potential markets, where the top players can penetrate in order to capture more market share. Rapid miniaturization of powerful technologies in the past few yearshelped Pico projectors to improve the image brightness. Technologies which are incorporated in Pico projectors are Digital Light Processing (DLP), Liquid Crystal on Silicon (LCoS), Laser Beam Steering (LBS) and holographic laser projection. But Pico projectors are still not considered for deployment in large rooms because of its low brightness. Within the next five years, it is expected that a large proportion of Smartphones to built-in Pico projector and secondly we can see the Pico projector becoming an important platform for augmentation.
Standalone, media player, USB and embedded are the four types of Pico projectors which are currently available in the market. Standalone, media player, USB Pico projectors has a higher demand than embedded projectors as they can be used with multiple gadgets, whereas embedded Pico projector is limited to the device it is embedded in.Embedded Pico projectors are yet to capture the market.
The market, currently, is within the explosive growth time period, and has been witnessing the steep price erosion. The market will stabilize over a period of time and when the price of Pico projectors drops down.The major driving factors for the Pico projector market which are expected to pay rich dividends in the coming years are MEMs technology, increase in use of embedded and the declining average selling price of Pico projectors.
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