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According to the latest report by IMARC Group, titled “Pico Projectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global pico projectors market size reached US$ 3.2 Billion in 2021. Pico projectors refer to ultra-portable projectors that project the content from a smartphone, tablet, camera or any other memory device onto a flat surface. These projectors primarily use LED light engines and can run on their internal batteries for a span of over 1 to 2 hours. Nowadays, pico projectors are gaining immense popularity as home entertainment devices as they project an image larger than that projected by a laptop for streaming movies and general TV or sports programs.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Pico Projectors Market Trends:
Pico projectors are compact in size, consume low energy, and offer higher resolution and high-quality images as compared to the conventional, bulky projectors. They also enable information to be accessed and shared easily from portable devices. Owing to these features, there has been an increase in the sales of pico projectors across the globe. Besides this, they are extensively used in the defense sector for real-time 3D visualization of enemy positions, bunker locations, and plot charts of sea- or land-based force structures. Also, many leading companies are developing advanced pico projectors by using laser scanning micro projection technology to enhance their functionality. This technology is expected to further penetrate in wearable devices and automotive industries to provide next-generation augmented reality (AR) displays and human-machine interactivity. Owing to these factors, the market value is projected to reach US$ 5.3 Billion by 2027, registering a CAGR of 9.6% during 2022-2027.
Market Summary:
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