Global Portable Projector Market Size, Share, Growth Analysis, By Technology(Digital Light Processing (DLP), Liquid Crystal on Silicon (LCoS)), By Application(Business, Education) - Industry Forecast 2023-2030.
Portable projectors are also known as mobile projectors or small projectors due to their portability. These projectors utilise hardware and software that has been scaled down to a tiny size in order to project digital images onto a nearby display or viewing surface. The marketability of portable projectors is enhanced by their ease of setup and portability. Companies involved in the production of portable projectors are now concentrating on clearer image quality by removing various artefacts from the projector's display, which will produce more accurate results. The portable projector market is expected to enjoy higher sales thanks to this improvement. Today, portable projectors are used across numerous sectors such as consumer electronics, business, education, and others.
The rapid expansion of the portable projector market is attributable to the quick digitalization in the education industry. Governments from many nations around the globe make significant investments to familiarise the education sector with cutting-edge technology-based equipment. The widespread use of cutting-edge learning techniques, such as distance learning, smart learning, mobile learning, and electronic learning, would probably support the adoption of portable projectors, with the market for these devices experiencing significant growth due to continuous technological advancement. The rapidly expanding demand for handheld projectors for home entertainment is anticipated to fuel the expansion of the portable projector market in the coming year. Additionally, the fierce competition in the market for portable projectors encourages sellers to lower the price of these products dramatically in order to appeal to a larger audience. Thus, there would be profitable prospects for the portable projector market to expand as a result of the significantly increasing demand and cost reduction.
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Global Portable Projector Market Segmental Analysis
Global portable projector market is segmented into technology, application and region. Based on the technology, the global portable projector market is segmented into digital light processing (DLP), liquid crystal on silicon (LCoS), laser beam steering, holographic laser projection. Based on the application, the global portable projector market is segmented business, education, consumer electronics, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Portable Projector Market Analysis by Technology
Manufacturers mostly utilise portable projectors based on DLP technology due to their advantages over portable projectors based on LCD and Liquid Crystal on Silicon (LCoS) technologies, including higher native contrast, smaller size, and lighter weight. The images produced by DLP projectors are vivid, clear, and have good contrast.
Portable Projector Market Analysis by Application
It is anticipated that the portable projector market will expand as a result of consumers' increasing propensity to use portable, lightweight electronics and their growing interest in designing personal entertainment hubs where they can stream movies, video games, sports, music, and other media from their smartphones, tablets, and laptops.
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Global Portable Projector Market Regional Insights
Given the huge demand for consumer electronics in the region, North America is most expected to account for a sizeable portion of the global portable projector market. The United States makes a large investment in the introduction of cutting-edge technologies and high-end equipment in the educational field. The majority of the people in the region have access to cell phones, computers, and other cutting-edge tools for their education. Due to the region's significant consumer electronics sector, which is the primary use for portable projectors, North America has been a significant contributor to the growth of the entire portable projector market. The US makes enormous investments in the adoption of cutting-edge technological tools in the educational field. Since the majority of students have access to computers or cell phones, students' ability to adapt to and embrace new technologies contributes to both their academic and personality development. However, due to COVID-19's negative effects on the commercial and infrastructure sectors, the US is anticipated to experience a considerable decline in the size of its market in 2020. The closure of educational institutions and halted operations in the corporate sector could have a significant impact on the adoption of portable projectors in 2020.
Europe and the Asia-Pacific in the global portable projector market are growing at a faster rate than the North America. The corporate sector's increasing adoption of workplace policies like the digital workspace and the bring your own device (BYOD) policy is propelling the market expansion in the Europe. In the projection period, the Asia-Pacific region is likely to become one of the key portable projector market.
This expansion is attributed to an increase in government funding for the field of technologically advanced education. Governments in a number of Asian nations, such as China, India, Japan, or Australia are actively working to integrate cutting-edge technologies and feature-rich educational products into their educational systems; as a result, portable projector adoption in the region is likely to be influenced by these initiatives. The market is expanding as a result of the steadily rising demand for consumer electronics equipment.
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Global Portable Projector Market Competitive Landscape
There are numerous small and large providers in the highly competitive portable projector market. Most of the time, these vendors compete on the basis of their offerings, innovations, performance, cost, quality, selling price, financial stability, and distribution system. On organic business growth tactics including new product launches, product improvements, product approvals, etc., a number of significant companies focus. Other effective company growth tactics that major players have implemented to strengthen their position in the global market include strategic alliances, collaborations, acquisitions, and mergers. These tactics have made it possible to grow both the business and the loyal consumer base.
Portable Projector Market Top Player's Company Profiles
- Acer Inc.
- Aiptek International Inc.
- Anker Innovations Limited
- ASUSTek Computer Inc.
- BenQ Corporation
- Canon Inc.
- Casio Computer Co. Ltd.
- Dell Technologies Inc.
- Epson America, Inc.
- Hitachi Ltd.
- LG Electronics Inc.
- Panasonic Corporation
- Philips International B.V.
- Samsung Electronics Co. Ltd.
- Sony Corporation
- Toshiba Corporation
- ViewSonic Corporation
- Xiaomi Corporation
- ZTE Corporation
- ZTE Spro
Portable Projector Market Recent Developments
- In March 2022, Samsung unveiled the new Freestyle projector at the Consumer Electronic Show (CES) 2022. It is a small 0.83kg portable projector that can beam a 1080p image from 30 to 100-inches on any wall or surface. The projector's innovative cradle, which can rotate up to 180 degrees and allows users to see video on any surface, including tables, floors, and ceilings, is its standout feature.
- In March 2022, ViewSonic launched the Lamp-Free X1000-4K+ LED Soundbar Projector. One can stream videos or movies wirelessly using their compatible tablets, smartphones and other devices using Wi-Fi.
- In August 2021, Sony launched the pocket size mobile projector MP-CL1 which can display a screen size of up to 120 inches at a distance of 3.45 meter and can deliver HD (1920×1080 pixels) resolutions images with high contrast (80,000:1).
Global Portable Projector Key Market Trends
- One of the major trends in the global portable projector market is to develop portable projectors that can cater to different applications and make projectors more travel friendly. This is a result of the transforming lifestyles into technologically driven preferred lifestyles in the current era. Educational institutions use cutting edge technology where portable projectors can be used. The latest example is of the Freestyle Projector launched by Samsung.
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