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Report: Pocket Projector Market Poised for Rapid Growth
Report: Pocket Projector Market Poised for Rapid Growth
According to market research firm DisplaySearch's recently released Pocket Projector Technology and Market Forecast Report, the market for pocket projectors is poised for strong growth in 2010 and beyond. DisplaySearch forecasts that the total pocket projector market will grow from 0.5 million units and $117 million in revenues in 2009 to 142 million units and $13.9 billion in revenues in 2018, a compound annual growth rate (CAGR) of 70 percent for revenues and 88 percent for units (as shown in the graph here, which is from the report).
"There were over 130 new pocket projector models released in the market in 2009, along with the first releases of embedded projectors into the market. Despite this, pocket projectors still face challenges of low brightness, short battery life and high price. Continuing progress in all the technologies surrounding pocket projectors will be needed to achieve the expected growth," noted Jennifer Colegrove. Director of Display Technologies at DisplaySearch.
The pocket projector market is currently dominated by stand-alone devices, which can be connected to other devices, and allow for additional integrated functions. DisplaySearch forecasts the stand-alone pocket projector will reach 45 million units and $8.9 billion in 2018.
However, DisplaySearch forecasts that shipments of embedded/dedicated projectors will surpass those of stand-alone units in 2014, as current limitations such as power consumption, size, brightness and price are improved. DisplaySearch forecasts the embedded type pocket projectors will reach 97 million units and $5 billion in 2018.
Although pocket projectors leveraging LCOS (liquid crystal on silicon) with color filters dominated in 2009 due to early entrance in the pocket projector market, DisplaySearch forecasts that DLP (Texas Instruments' Digital Light Processing) and LCOS field sequential technologies will take the lead in shipments for 2010. While LCOS field sequential will have the highest unit share in coming years, DLP will lead in revenues. The fastest growing technology in unit and revenue terms will be scanning MEMS (Microvision's Micro-Electro-Mechanical System, which employs a mirror for scanning).
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