With the emergence and long-term Impact of COVID-19, Pico Projector Market to reach USD 7.40 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Pico Projector Market is poised to raise up to USD 7.40 Billion by 2030. Pico Projector is a handheld device which is easily portable and can easily fit in customer’s pocket. These devices are on-the-go devices that are helpful in projecting photos and videos on a flat surface such as a wall. Pico Projectors are also being used for educational purposes and business meetings. The Pico Projectors market is expanding because of factors such as technological advancement, market trends like growing modernization, status symbol among the young population, emergence of IoT. However, the rising use of Pico Projectors has some stagnant implications such as low brightness, and low battery life which can hamper the market growth. The growing number of smartphone users will significantly impact the overall growth of the Pico Projectors market as the need for integration of Pico Projectors with smartphone devices will increase over the forecast period. Moreover, Rising demand for entertainment, Emerging use of pico projectors in services industry will emerge to be the market opportunities for Global Pico Projectors Market.
Geographically, the global Pico Projector Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America region is dominating the market by largest market share in terms of volume because of the presence of the large number of users of Pico Projectors owing to the growth factors such as increasing use of advance technology and increasing smartphone users. Asia Pacific is expected to fastest growing during the forecast period, owing to the factors such as rising consumer goods and an increase in the number of smartphone users. Also, industrial collaboration, geographic expansion of key players, and active participation of the government in the market space will mitigate the growth of the APAC region.
The global Pico Projector market is highly competitive owing to the presence of several key manufacturers such as Lenovo Group Limited, AAXA Technologies Inc., Texas Instruments Incorporation, Acer Inc., Microvision Inc., Sony Corporation, ZTE Corporation, Koninlijke Philips N.V., Celluon Inc., LG Electronics Inc., and others.
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Key findings of the study suggest:
- Global Pico Projected Market is anticipated to grow with a healthy growth rate of more than 8.09% over the forecast period 2023-2030.
- In the Product Segment, Embedded emerged as the leading market segment in 2022.
- In the Technology Segment, Digital Light Processing (DLP) has emerged as the leading market segment in 2022.
- In the Component segment, Illumination System has emerged as the leading market segment in 2022.
- In the Compatibility segment, Laptop/Desktop has emerged as the leading market segment in 2022.
- In the Application Segment, Consumer Electronics has emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to factors such as the presence of the large number of users of Pico Projectors owing to the growth factors such as increasing use of advance technology and increasing smartphone users.
- Asia Pacific is expected to grow at higher rate followed by North America during 2022-2030.
Bizwit Research & Consulting has considered following segments for the study:
Product:
- Embedded
- Non-Embedded/Standalone
Technology:
- Digital Light Processing (DLP)
- Laser Beam Steering (LBS)
- Holographic Laser Projection
- Liquid Crystal on Silicon (LCoS)
Component:
- Light Source
- Illumination System
- Projector Lens
- Other
Compatibility:
- Laptop/Desktop
- Smartphones
- Digital Camera
- Portable Media Player
- Others
Application:
- Consumer Electronics
- Business & Education
- Retail
- Healthcare
- Other
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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