(PharmaNewsWire.Com, January 11, 2017 ) The Global Pic- projectors market accounted for $1.86 billion in 2015 and is expected to reach $17.74 billion by 2022 growing at a CAGR of 38.0% from 2015 to 2022. Pic- projectors can be embedded in various devices such as mobile phones, tablets, cameras, etc. The factors that are influencing the market growth include portability, decreasing average selling price and increasing applications. However, stiff competition from flat panel displays, limited features in pic- projectors, low brightness and safety issues with laser beam steering are restraining the market growth.
Based on picoprojector type, embedded pic- projector segment is expected to exhibit considerable growth over the forecast period due to increasing adoption in mobile phones, headsets and image processing software. Embedded projectors and Laser Projector are expected to witness the highest growth rate during the forecast period. Holographic Laser Projection projectors are expensive when compared to various other projectors. Consumer electronics applications has promising markets and expected to witness the highest growth rate during forecast period due to advanced and suitable features offered.
North America leads the market globally with the biggest market share. In North America, US dominates the pic- projectors production in volume terms. Asia Pacific is expected to witness high growth rate due to increasing adoption of smartphones, tablets, and laptops.
Some of the key players in the global market include Acer, Inc., Aaxa Technologies, Inc., Aiptek International, Inc., Lemoptix Sa ., Coretronic Corporation., Microvision, Inc, Syndiant, Inc., Sony Corporation ., Texas Instruments, Inc. , Stmicroelectronics N.V, 3M Co, bTend- Ltd, Light Blue Optics Ltd, Luminus Device Inc, Samsung Electronics Co. Ltd, and Maradin Ltd.
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