LONDON–(BUSINESS WIRE)–Technavio has announced the top nine prominent vendors for the global light projector market in their latest research report. This market research study predicts the global light projector market to reach over USD 15 billion by 2020.
To identify the leading vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. The report includes market segmentation of light projectors on the basis of technology, along with a detailed discussion of the current scenario, growth prospects, and the challenges each segment will likely encounter during the forecast period.
“As of 2015, the Pico projector market was valued at USD 2.21 billion and is expected to reach USD 9.38 billion by 2020, growing at a CAGR of over 33%. Pico projectors are considered a cost-effective solution for SMEs across the globe. On an average, Pico projectors cost 25% less than a fixed installation projector. It has a high aesthetic appeal, which makes it a clutter-free option for the corporate and education sector as well,” said Soumya Mutsuddi, one of Technavio’s lead analysts for media and advertising research.
“With technological advances anticipated in the future, Pico projectors will easily connect with smartphones, tablet PCs, digital cameras, and camcorders. Also, these projectors are anticipated to integrate with wearable electronics and heads-up displays,” added Soumya.
The global light projector market is highly competitive with the presence of multiple global players such as Canon, Epson, JVC, and Sony. These top four key players account for the majority of the market shares. However, there are nine additional prominent vendors who have positioned themselves to take advantage of the markets growth prospects over the next five years.
Top nine leading vendors in the global light projector market:
AAXA Technologies was founded as a developer of a new class of projector called micro and Pico projectors. Its core technology uses a small LCoS, and DLP imagers mated to laser light sources and LED.
Acer is a US-based company with expertise in manufacturing desktops, laptops, monitors, tablets, and projectors. The projector segment is further categorized into travel, essential, and home entertainment. The company generates over 70% of its revenue in projector segment from sales in EMEA and the US
BenQ produces projectors for classrooms, home theaters, and offices. It holds its highest share of 19% in India within the projector segment.
Hitachi Digital Media
Hitachi manufactures LCoS projectors under the subsidiary Hitachi Digital Media. It offers LCoS projectors under the series name, CP SX5600.
Light Blue Optics
The company manufactures and supplies industrial panel PCs, motherboards, SBCs, embedded systems, and digital signage players.
LG Electronics is a South Korean company with headquarters in Seoul. It produces multiple electronics devices. Its LCoS projectors include series name LG CF like LG CF 181D while LG CF3D is its 3D variant, which has six pairs of polarized 3D glasses.
In 2013, Samsung dominated the market with its top-selling models like the Rex feature phone series and smartphones such as Galaxy Grand and Note 2. The projector segment is popular for developing high-quality Pico projectors. Samsung SP-H03 is among the leading Pico projectors available in the market.
Toshiba is a Japanese multinational conglomerate. The company segments its business into five domains: healthcare systems and services, community solutions, energy and infrastructure, electronic devices and components, and lifestyle products and services. Its flagship product in the projector segment is TDP-F10U Mobile LED projector, which is relatively expensive but the contrast ratio of 800:1 makes it competitive.
WowWee develops innovative robotic products and hi-tech consumer electronics. Cinemin slice is the company’s leading Pico projector, which can project multimedia devices containing movies, photos, and games onto walls or ceilings.
Browse related reports:
- Global Pico Projectors Market 2015-2019
- Global LCoS Projectors Market 2015-2019
- Global Projector Screen Market 2015-2019
- Global Interactive Projectors Market 2016-2020
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