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Pocket projectors - small handheld devices that enable a larger image to be projected onto a wall or screen in either stand-alone or embedded/dedicated formats – are poised for strong growth. DisplaySearch forecasts 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, a compound annual growth rate (CAGR) of 70% for revenues and 88% for units.
“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," said Jennifer Colegrove, DisplaySearch Director of Display Technologies. "Despite this, pocket projectors still face 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."
The market is currently 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.
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