Pocket projectors – small handheld devices that enable a larger image to be projected onto a wall or screen – are set to grow fast in 2010 according to a report from Displaysearch.
In its Pocket Projector Technology and Market Forecast Report, the company forecast that the total pocket projector market will grow from 0.5 million units and $117 million in revenues in 2009 to 142 million units and $13.9 billion in revenues in 2018. That’s a huge annual growth rate (CAGR) of 70 percent for revenues and 88 percent for units.
Currently the pocket projector market is dominated by stand-alone devices, which can be connected to other devices, and allow for additional integrated functions. Displaysearch forecasts the stand-alone pocket projector will reach 45 million units and $8.9 billion in 2018.
However, Displaysearch forecasts that shipments of embedded/dedicated projectors will surpass those of stand-alone units in 2014, as current limitations such as power consumption, size, brightness and price are improved. Displaysearch forecasts the embedded type pocket projectors will reach 97 million units and $5 billion in 2018.
Jennifer Colegrove, Director of Display Technologies at Displaysearch, said: “There were over 130 new pocket projector models released in the market in 2009, along with the first releases of embedded projectors into the market.
“Despite this, pocket projectors still face the challenges of low brightness, short battery life and high price. Continuing progress in all the technologies surrounding pocket projectors will be needed to achieve the expected growth.”
And she spoke very correctly when she said: “Good things really do come in small packages.”
“Pocket projectors eliminate form factor and size limitations for images in portable electronics. They are ideal devices for sharing, either for social, business or entertaining activities,” she added.