Portable Projector Market Segments: By Technology (Digital Light Processing (DLP), Liquid Crystal Display (LCD) and Liquid Crystal on Silicon (LCoS)); By Dimension (2D and 3D) By Lumen (Below 500 Lumens, 500 to 3,000 Lumens and Above 3,000 Lumens); By Resolution (VGA, XGA, and HD & FHD) By Projected Image Size (Below 50 Inches, 50 to 200 Inches, and Above 200 Inches); By Application (Consumer Electronics and Business & Education) and Region - Global Analysis of Market Size, Share & Trends for 2014 - 2020 and Forecasts to 2030
[ 170 + Pages Research Report ] Portable Projector Market to surpass USD 2.46 billion by 2030 from USD 1.56 billion in 2020 at a CAGR of 4.64 in the coming years, i.e., 2020-30.
A portable projector is a handheld or pocket projector that can be carried anywhere because of its compact size and low weight. A portable projector projects the image through handheld devices. In devices such as cell phones, laptops, and cameras, these projectors are integrated. Portable projectors include miniaturized hardware and software that can produce digital images onto a nearby viewing surface such as portable projection screens, notebooks, and walls. A portable projector consists of five main parts including a battery, laser, electronics, LED light sources, and combiner optic. These projectors are used for classic presentations such as PowerPoint and multimedia presentations including sound and videos. Compared to large and bulky projectors portable projectors are an ideal choice for mobility, low energy consumption, and resolution.
Global Portable Projector Market to surpass USD 2.46 billion by 2030 from USD 1.56 billion in 2020 at a CAGR of 4.64 in the coming years, i.e., 2020-30. The factors such as technological advancements and digitalization in the education sector are boosting the market growth. Additionally, increasing application areas along with decreasing average selling price is also contributing to the market growth. Advancements in consumer electronics are also increasing the market share.
Recent Highlights in Global Portable Projector Market
In June 2020, LG launched the CineBeam PH30N projector with a resolution equivalent to 720p. It is equipped with a rechargeable battery with 2 hours of battery life and offers a quick and easy setup.
Digital Light Processing (DLP)segment to grow with the highest CAGR during 2020-30
The global Portable Projector market is segmented by Technology into Digital Light Processing (DLP), Liquid Crystal Display (LCD), and Liquid Crystal on Silicon (LCoS). Digital Light Processing (DLP) segment held the largest market share of XX.X% in the year 2019 owing to the properties such as compact size, higher native contrast, and lighter weight compared to LCD and LCoS technologies. DLP projectors provide an excellent colorful, clear image with good contrast.
HD & FHD segment to grow with the highest CAGR during 2020-30
The global Portable Projector market is divided by Resolution into VGA, XGA, and HD & FHD. HD & FHD segment held the largest market share of XX.X% in the year 2019 and will continue to dominate the market in the coming years. There is a strong demand for portable projectors with an improved viewing experience, which has resulted in a shift from entry-level to mid-level projectors. With high color brightness, more pixels ensure precise details, resulting in an intense image and video quality, thereby offering the best visual entertainment.
Consumer Electronics segment to grow with the highest CAGR during 2020-30
The global Portable Projector market is divided by Application into Consumer Electronics and Business & Education. The Consumer Electronics segment held the largest market share of XX.X% in the year 2019 and will continue to dominate the market in the coming years There is a growing demand for lightweight and compact electronic products among the consumers which is contributing to the growth of the segment. The rising inclination toward personalized entertainment hubs to enjoy games, music, films, and sports directly from cellphones, laptops, and tablets are anticipated to accelerate the growth of the portable projector market.
Advancements in Technology
Technological evolution in the development of portable projectors is estimated to drive the market. With the rapid advancements, portable projectors can be carried in pockets anywhere, they are no longer oversized and complex. Present-day portable projectors are fitted with memory devices that can store relevant data and can be connected to the internet. To access the information, they are available with USB, HDMI, and MHL ports and can be easily connected to tablets, smartphones, and laptops. Furthermore, the image quality of the portable projectors is also expected to be improved with the rapid advances in display technologies, such as 4K and 8K display panels.
Decreasing average selling prices
Portable projectors are an economically viable option for home entertainment purposes as they are available at a reasonable price. The demand for these projectors is escalating which is compelling the manufacturers for mass production. To capture a larger customer base, companies are also substantially reducing the price of these products for the home entertainment market. Hence, rising demand along with the reduced prices is likely to propel the portable projector market.
Operational issues regarding DLP technology
Most portable projectors come with DLP technology which provides vibrant image quality with high contrast. In DLP, however, the use of a spinning color wheel to modulate images can create on the screen a special visible artifact, generally referred to as the "rainbow effect". The rainbow effect may cause headaches to the viewer. All these factors are anticipated to restrict the market growth.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Portable Projector Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Global Portable Projector Market in North America held the largest market share of XX.X% in the year 2019. North America will continue to dominate the global Portable Projector market as the region has a large consumer electronics market, which is the main application for portable projectors. North America has been a major contributor to the growth of the overall portable projector market. Besides, the rising advancements in technology in the region are projected to drive the market
Global Portable Projector Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Portable Projector Market Segments:
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