Pico Projectors Market Size, Share, Analysis and Forecast 2019-2024

Press Release:

Global Pico Projectors Market to Reach US$ 4.24 Billion by 2024, Fostered by Significant Technological Advancements

*As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Pico Projectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global pico projectors market was valued at US$ 1.91 Billion in 2018. A pico projector, also known as mobile, handheld or pocket projector, is a compact hardware device that is used to project visual content from a smartphone, tablet, camera or a memory device. It is primarily used to display videos and photos for portable entertainment as well as to present charts and slides for educational and business purposes. Certain stand-alone projector models connect to another device using a USB, HDMI or other cables, while some models are embedded in mobile devices and digital cameras. For an enhanced interactive experience, pico projectors can also be connected to an image processing application, laser pointer and a webcam.

Pro Projectors Market

The growing need for handy and portable electronic devices, along with increasing adoption of the Digital Light Processing (DLP) technology, is the key factor driving the growth of the market. DLP projectors use a variety of light sources, such as high-powered LEDs and lasers, to effectively project content onto a screen. These projectors can produce high-quality images, which is positively impacting the demand for the product. Furthermore, pico projectors are being extensively used in the automotive sector for image projection systems in vehicles. Additionally, the integration of pico projectors in smartphones and consumer electronics is another factor catalyzing the market growth. Devices such as digital cameras, camcorders, digital photo frames, laptops, wearables and portable gaming devices use pico projector to keep up with the diversified and ever-changing consumer demands. Moreover, various product innovations such as Wi-Fi and 3G/4G compatibility, coupled with rising disposable incomes of consumers across the globe, are further favoring the growth of the market. Looking forward, IMARC Group expects the market to reach a value of US$ 4.24 Billion by 2024, registering a CAGR of around 14% during 2019-2024.

Report Coverage:

Historical, Current and Future Market Trends
Market Breakup by Technology:
- Digital Light Processing (DLP)
- Laser Beam Steering
- Holographic Laser Projection
- Liquid Crystal on Silicon
Market Breakup by Product Type:
- Embedded
- Non-Embedded
Market Breakup by Component:
- Light Source
- Illumination System
- Projector Lens
- Others
Market Breakup by Specification:
- Brightness
  - 0-50 Lumens
  - 50-100 Lumens
  - 100-150 Lumens
  - >150 Lumens
- Power Source
  - In-Built Battery
  - Non-Battery
Market Breakup by Compatibility:
- Laptop/Desktop
- Smartphones
- Digital Camera
- Portable Media Players
- Others
Market Breakup by Application:
- Consumer Electronics
- Business & Education
- Retail
- Healthcare
- Others
Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Lenovo Group Limited, Aaxa Technologies Inc., Texas Instruments, Acer Inc., LG Electronics Inc., Microvision Inc., Sony Corporation, ZTE Corporation, Koninklijke Philips N.V., RIF6 LLC, Celluon Inc., Cremotech Co Ltd., Global Aiptek Corporation, Miroir USA, Optoma Technology Corporation, etc.

Key Questions Answered in This Report:

How has the global pico projectors market performed so far and how will it perform in the coming years?
What are the key regional markets in the global pico projectors industry?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the compatibility?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global pico projectors industry?
What are the key driving factors and challenges in the global pico projectors industry?
What is the structure of the global pico projectors industry and who are the key players?
What is the degree of competition in the global pico projectors industry?