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Increasing Adoption of LCoS Projectors in APAC to Aid in the Growth of the Global IT Hardware Market Until 2019, Reports TechnavioTechnavio research analysts are forecasting positive growth for many segments of the global IT hardware market over the next four years as several markets including wireless printers, LCoS projectors, and PC peripherals, will witness an increase in revenues. According to Technavio research analysts, the increasing adoption of LCoS technology in the projectors segment is expected to result in the impressive growth of the global LCoS projectors market, posting a CAGR of more than 25% during the period 2015-2019. The APAC region emerged as the largest market for LCoS technology and is envisaged to lead the market through 2019. The high adoption of LCoS projectors in countries like South Korea, Japan, Taiwan, India, and Indonesia is responsible for this region's high market share during the forecast period. LCoS projectors are segmented into two types, namely Pico LCoS projectors and installation LCoS projectors. The Pico LCoS projectors segment is expected to show the highest growth rate during the forecast period and is envisaged to post a profound market growth rate of approximately 35%. "Their increasing applicability in consumer applications like projecting videos, photos, and reading documents is expected to account for this segment's high growth rate in the coming years," says Sunil Kumar Singh, a lead analyst at Technavio for ICT research. Apart from LCoS projectors, the global wireless printer market is another IT hardware segment that is gaining traction in the market. Wireless printers allow customers to connect their smartphones or tablets to the printers via Bluetooth, Wi-Fi, cloud, and mediums like AirPrint. The augmented adoption of wireless printers in the IT sector, healthcare sector, and educational institutes is expected to spur growth in this market in the coming years. By revenue, Technavio market research analysts predict this market to post a slow but moderate CAGR of more than 3% from 2015-2019. The three key regions of wireless printers include APAC, EMEA, and the Americas. The Americas is expected to be the highest revenue-generating region in the global wireless printer market, with the US being the highest revenue contributor. View Technavio's entire IT hardware market report library Another trending segment in the IT hardware market is the global PC peripherals market. PC peripherals are devices that are connected externally to a PC to enhance its capabilities and include devices like keyboards, mouse, printers, scanners, and routers. Technavio market research analysts predict the PC peripherals market to post a modest market growth rate of close to 3% during the period 2015-2019. The augmented usage of PC peripherals by gamers and tech-savvy individuals is expected to spur growth in this market during the forecast period. Some of the key vendors for IT hardware include 3M, Canon (News - Alert), and JVC for LCoS projectors, Brother Industries, Seiko Epson, and HP for wireless printers, and Logitech, Seagate, and Western Digital (News - Alert) for PC peripherals. Browse related reports:
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