Tuesday 19 May 2015, Amsterdam
There are four types of pico projectors currently available in the market, namely, standalone, media player, USB, and embedded. The standalone, media player, and USB pico projectors have a higher demand than embedded projectors as they can be used with multiple gadgets, whereas the use of an embedded pico projectors are limited to the device they are embedded in. However, the market for embedded pico projectors is estimated to grow in the near future, due to their increasing usage in application segments, such as consumer electronics, automotive, aerospace & defense. The embedded pico projector segment of the European pico projector market is expected to grow at a CAGR of 59.0% from 2014 to 2019.
Pico projector-based head-up displays (HUDs) play an important role for navigation systems in the automotive and aerospace & defense segments. The pico projector market in the automotive segment is expected to grow at CAGR of 50.2% during the forecast period. The pico projector market in the aerospace & defense segment is projected to grow at a CAGR of 38.3% from 2014 to 2019.
Furthermore, pico projectors are increasingly being used in the business & education sector. They are typically used to project presentations in business meetings or e-learning courses in classrooms. These projectors can also be used as digital signage in schools, or other venues. Business & education was the largest segment of the European pico projector market, and was valued at $105.8 million in 2014. This segment is expected to reach $459.3 million in 2019, at a CAGR of 34.1% from 2014 to 2019.
The European pico projector market has been segmented based on the major countries in the region, including Germany, the U.K., France, Spain, and Rest of Europe (RoE). The key players in the manufacturing industry of pico projector are Optoma Technology Inc. (U.S.), Aiptek International Inc. (U.S.), Texas Instruments Inc. (U.S.), STMicroelectronics Inc. (Switzerland), and Sony Corporation (Japan), among others.
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