A portable projector is a projecting device. Portable projector is a projector that provide projector technology in compact and small handheld devices. Because of portability, portable projectors are called mobile projectors or mini projectors. These projectors are involved in miniaturized software and hardware technology that help to project digital images onto a nearby display or viewing surface. The properties of portable projectors to set-up simply and portability make it durable for the market.
The companies involved in the manufacturing of portable projector are now focusing on clearer image quality by eliminating differently artifacts on the display of the portable projector, which will provide results that are more accurate. This development will help the portable projector to penetrate more in the market. The portable projector find the applications in diverse sectors such as consumer electronics, business, education, and others.
The global portable projector market is segmented on the basis of technology, dimensions, lumens, resolution, end-use and region. Based on technology, the market is divided into DLP, LCD, LCOS, and holographic laser projection. In terms of dimensions, the market is categorized into 2D and 3D. On the basis of lumens, the market is divided into below 500, 500 to 3,000, and above 3,000. On the basis of resolution, the market is divided into VGA,XGA, and HD & FHD. On the basis of end use the market is divided into consumer electronics, business, education, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
COVID-19 Scenario Analysis
The outbreak of the COVID-19 pandemic has severely affected the business of almost all industries. While the COVID-19 pandemic crisis unfolds, regulatory bodies all over the world compel to impose strict lockdown and travel bans.
Moreover, this has drastically affected the growth of the portable projector market trends.
Due to the COVID-19 pandemic, the supply chain systems were disrupted as a number of fundamental equipment and materials are profoundly dependent on imports from other countries. Furthermore, the strict instruction of the governing bodies to follow social distancing norms forced the industries to work with minimal workforce, which led to the decrease in the production rate of the industries. Thus, all these factors negatively impacted the portable projector market.
However, after the COVID-19 pandemic, the diversified and innovative applications of portable projector such as consumer electronics, business, education, and others will foster the growth of the portable projector market.
Top Impacting Factors
The major factors that impacts the growth of the portable projector market includes emerging demand for portable projector in consumer electronics, increasing interest towards games, music, movies, in consumer electronics drive the demand for portable projector in the market.
In education sector and technological advancement-rise in technological sector and digitalization in the education sector force major players to provide more benefits to the consumers. For an instance, major players focus on offering high-quality 3D & 2D portable projectors that provide benefits of low power consumption and emit less heat. Therefore, enhancement in technology & digitalization and education sector accelerate the demand for portable projectors in the market.
However, most of the portable projector deal with the rainbow effect, which is differently visible artifact on the display specification due the preferred DLP technology for high contrast. Hence, preference of DLP technology in most of the portable projectors hinder the market.
Extensive Use of Portable Projector in The Consumer Electronics
In consumer electronics, rising interest in movies, gaming and films provide the demand for portable projectors. Portable projectors are widely used in home entertainment system. Furthermore, increase in demand in home entertainment is pushing major manufacturers for huge-production as home entertainment sector touches a large consumer group. Therefore, increase in demand for home-entertainment in consumer electronics surge the demand for portable projectors in the market.
Key Benefits of The Report
- This study presents the analytical depiction of the Portable projector Market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Portable projector Market share.
- The current market is quantitatively analyzed to highlight the Portable projector Market growth scenario.
- Porter’s Five Forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Portable projector Market analysis based on competitive intensity and the competition that will take shape in coming years.
Questions Answered in The Portable Projector Market Research Report
- Who are the leading market players active in the Portable projector Market size?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the future projections that would help in taking further strategic steps?
Portable Projector Market Report Highlights
Key Market Players
LG Electronics, MicroVision Inc, Aaxa Technologies Inc., Miroir USA, Sony Corporation., Syndiant, Lenovo Group Ltd, ZTE Corporation, Optoma Technology Corp, Celluon Inc