According to the new market research report by IndustryARC titled “ [FURL=https://www.industryarc.com/PressRelease/180/pico-projectors-market-research-analysis.html] Pico Projectors Market[/FURL] : By Technology (Digital Light Processing(DLP), Liquid Crystal on Silicon(LCoS), Laser Beam Steering(LBS), and others); By Type (Embedded Pico Projector, Non-Embedded Pico Projector, Media Player Pico Projector, USB Pico Projector, and others); By Industry Verticals (Consumer Electronics, Automotive, Defense & Aerospace, Healthcare, and others); By Geography - (2018-2023)”Asia Pacific region holds the largest market share in the pico projector market and is anticipated to reach $2.2 billion by 2023. Smartphone companies are continuously developing new models and it is complemented with advancements in display technologies. Pico projector manufacturing companies are enabling next-generation multimedia projector also known as displays and aids consumer electronics’ companies to create differentiation in terms of their pico projector technology for different end-user markets.
The advantages of using laser sources for the illumination of microdisplay-based projection displays are compelling in comparison to other technologies.
The companies are laying huge emphasis on the projection output such as visible/ non-visible infrared, high resolution, high brightness, high contrast, ultra-wide field of view, and on enabling augmented reality and integration features such as ultra-miniature size, low power consumption, and low material cost.
Licensing is the key revenue strategy for most of the companies operating in the domain of technology development. Companies will license its technologies to the major OEMs, original design manufacturers (ODMs) and global Tier 1 and 2 manufacturers.
Disruptive applications that will contribute to the mass market adoption include wearable displays, automotive heads-up displays, and smart headlamps, embedded projectors and 3D motion sensing in smartphones, tablets, and laptops. Lemoptix’, laser scanning micro-projection technology for pico portable HD projectors was acquired by the Intel Corporation.
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Texas Instrument is one of the leading players in the pico projector market. The company is expected to the dominant player with constant product launches and developments. The most important challenge that the pico projectors in the consumer electronics industry face are the resolution of images on different surfaces. With the advancement in the displays of televisions, laptops and mobile phones, there is a need for resolution of 720 progressive scans and brightness of 20?30 lumens in pico projectors. This makes it more difficult for developers/ manufacturers to provide high-quality images on certain surfaces, for instance, curved surfaces.
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.