Global Sales of Solid State Projectors Soar 17 Percent Year-on-Year in CY Q2 2016

aaxa-led_pico-0816Futuresource Consulting has revealed its latest insights into the worldwide projector market which highlight that the market has declined 4.6 percent year-on-year in CY Q2 2016 to 1.76 million units, with value falling 5.6 percent to $2 billion. Despite value falling further than volume for another consecutive quarter, the disparity is far weaker than previously seen, a positive sign that average selling prices (ASPs) are in recovery.

Senior Market Analyst Claire Kerrison commented, “Whilst the market witnessed further declines this quarter, this was largely driven by macro-economic or political factors in key emerging regions, rather than just the impact of competing display technologies. The fact that the rate of market value decline has diminished is incredibly encouraging. Value was propelled by sales of solid state solutions, increasing 17% during the quarter, which now attributes to 8% of total sales.”

Futuresource expects that as solid state adoption continues to mount it will drive an increase in ASPs and consequently a rise in overall market value, despite a decrease in volume.

Kerrison added, “There are positive stories among the overall market declines. Sales of 1080p and WUXGA enjoyed a combined growth of 38 percent year-on-year. Furthermore, sales of 5-7K lumen products continue to rise, with sales up 22 percent year-on-year. It should not be forgotten that there are opportunities for projector brands out there.”

All the details are here.