Market Trends of Pico Projector Industry
DLP Projectors Driving the Significant Market Growth
- DLP is one of the prominent technologies in projection and near-eye display and is well-implemented in Pico projectors. The conventional projectors are based on DLP technology. Hence, this technology offers better results in the pico projector as well.
- Demand for DLP projectors is anticipated to rise as digital screens become more widely used in the film industry. DLP projectors are becoming increasingly popular as digital screens replace analog screens. The number of movies released internationally has increased recently, further boosting the DLP projector demand. In the upcoming years, DLP cinema is anticipated to expand even more. Additionally, DLP projectors with an ultra-short throw are used for small-space projections. According to FCCI, several cinema screens in India further recorded 9,382 in 2022.
- Further, due to the need for two synchronized projectors, conventional 3D projection technology is more expensive. Additionally, the markets for spectroscopes, holographic storage, and medical imaging offer opportunities for DLP projectors. The rainbow effect can occur when a user quickly looks away from the projected image or switches their gaze from one side of the screen to another.
- Many manufacturers, though, are eager to supply DLP projectors specifically to meet the demand in the entertainment industry. For instance, Optoma USA will release its most recent 4K DLP projector in May 2022 to increase home entertainment versatility. For screens or walls larger than 300 inches, the UHD55 promises low lag gaming, daylight cinematic viewing, and comparatively easy setup. With a maximum throw resolution of 3,480 x 2,160 pixels, the UHD55 gaming and home entertainment projector can handle displays with diagonal sizes ranging from 34.1 to 302.4 inches. The new Optoma UHD55 combines top-of-the-line features to satisfy the needs of home entertainment enthusiasts while delivering image quality, performance, and functionality.
- Similarly, the Government of India is shifting from a traditional education system to smart classrooms. In January 2023, the Uttarakhand government launched an innovative classroom project set in government schools. The government aims to reach over 11,000 schools in the state. Also, in January 2023, Huawei Technologies Co. Ltd, a China-based DLP projector provider, launched a smart classroom 2.0 solution at the education forum. The solution is integrated with intelligent edge devices, and Wi-Fi 7 provides innovative teaching practices through cloud-edge interaction.
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North America to Experience Significant Market Growth
- North America is one of the early adopters of technology and innovations. The region has been experiencing high growth in its expenditure on consumer electronics. Due to its small design and advanced interface connectivity with Wi-Fi and HDMI, the sales of pico projectors are increasing widely in the United States and Canada.
- Moreover, the anticipated release of new applications of this technology, particularly in the field of life sciences, intelligent traffic systems, and vision-guided robotics, is expected to boost the demand for pico projectors in the region. Vast IT infrastructure in the area has grown the market and enhanced these projectors' vital characteristics, like mobility and portability.
- For instance, in April 2023, Cognex Corporation, an American manufacturer of machine vision systems, launched the In-Sight 3800 Vision System. Developed for high-speed display lines, In-Sight 3800 offers an extensive vision toolset, powerful imaging capabilities, and flexible software to deliver a fully integrated solution for a wide range of inspection applications. This new system is implanted with a comprehensive set of vision tools, including Artificial Intelligenc based edge learning technology and standard rule-based algorithms.
- Further, in February 2023, Digital Projection International received the coveted TNT (Top New Technologies) award from CE Pro magazine for its HIGHlite 4K UHD Reference Satellite Modular Light Source (MLS) projection system. Such developments in the region may further propel the studied market growth.
- Furthermore, companies are extensively investing in developing automotive HUDs using Pico projectors. US-based Maxin Integrated recently released its design for a MEMS-based automotive laser pico projector. It is designed with a triple laser-diode pico projector system on chip (SoC) and built around a pico laser drive. This enables infinite focus, readability in sunlight, and excellent color.
- The primary factors driving the scale and growth of the pico projectors in North America are the increasing investments in the consumer electronics market and the strong demand from the automotive, healthcare, education, and research markets.
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