San Francisco, California (PRWEB) April 21, 2014
The global pico projector market is expected to reach USD 17.81 billion by 2020, according to a new study by Grand View Research, Inc. High degree of convenience offered by projectors embedded in devices such as mobile phones and laptops is expected to fuel market growth over the next six years. Expected decrease in average selling prices on account of increased production is also expected to drive the global industry during the forecast period.
Demand for pico projectors across application areas such as consumer electronics, healthcare and aerospace is expected to positively impact overall revenue generation. Growing focus on ensuring user friendliness coupled with reducing technology costs is also estimated to give impetus to the industry over the next six years. Resolving speckle issues and enhancing display quality is a challenge for industry participants. Incorporating a wide variety of features and ensuring low power consumption is essential for driving pico projector adoption.
The report “Pico Projector Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/pico-projector-industry
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global pico projector market on the basis of product and region:
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About Grand View Research
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