Global Pico Projectors Market is valued at approximately USD 3.4 billion in 2022 and is anticipated to grow with a compounded annual growth rate of more than 8.09% over the forecast period 2022-2030. 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.
Rising demand for consumer electronics goods and the growing adoption of smartphones have a significant impact on the Pico Projectors market. According to India Brand Equity Foundation (IBEF), the global electronics industry was USD 2.9 trillion in 2020. Under the government’s National Policy for Electronics (NPE), Production Linked Incentive (PLI) schemes and Aatmanirbhar Bharat Scheme it can be seen that India’s market share in the global manufacturing industry increased from 1.3% in 2012 to 3.6% in 2020. According to Statista, the global number of smartphone users was 4726.64 million in 2021 and projected to increase to 6162.26 million in 2028. China, India, United States are the countries with the highest number of smartphone users in the world. 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.
The key regions considered for the Global Pico Projectors Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The 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.
Major market player included in this report are:
Lenovo Group Limited
AAXA Technologies Inc.
Texas Instruments Incorporation
Koninlijke Philips N.V.
LG Electronics Inc.
Recent Developments in the Market:
Ø In April 2023, XGIMI a Chinese company has launched latest portable android TV projector called MoGo, MoGo 2 Pro with a resolution of 720p-1080p and brightness to 400 lumens and with a universal Type C charging port.
Ø In Aug 2022, Yaber globally launched one of the its slimmest and most easily portable projector, the Yaber Pico T1 is the pocket sized projector with a thickness of only 13.1mm or slightly half an inch. It has the capability of projecting the virtual screen up to 100 inches with 960 x 540 resolution from just over 6 feet away.
Global Pico Projectors Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Technology, Component, Compatibility, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Digital Light Processing (DLP)
Laser Beam Steering (LBS)
Holographic Laser Projection
Liquid Crystal on Silicon (LCoS)
Portable Media Player
Business & Education
Middle East & Africa
Rest of Middle East & Africa