Pico Projectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Pico Projectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:

The global pico projectors market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2028, exhibiting a growth rate (CAGR) of 10.21% during 2023-2028.

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.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global pico projectors market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology, product type, component, specification, compatibility and application.

Breakup by Technology:

Digital Light Processing (DLP)
Laser Beam Steering
Holographic Laser Projection
Liquid Crystal on Silicon

Breakup by Product Type:

Embedded
Non-Embedded

Breakup by Component:

Light Source
Illumination System
Projector Lens
Others

Breakup by Compatibility:

Laptop/Desktop
Smartphones
Digital Camera
Portable Media Players
Others

Breakup by Application:

Consumer Electronics
Business & Education
Retail
Healthcare
Others

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:

What was the size of the global pico projectors market in 2022?

What is the expected growth rate of the global pico projectors market during 2023-2028?

What are the key factors driving the global pico projectors market?

What has been the impact of COVID-19 on the global pico projectors market?

What is the breakup of the global pico projectors market based on the technology?

What is the breakup of the global pico projectors market based on the product type?

What is the breakup of the global pico projectors market based on the application?

What are the key regions in the global pico projectors market?

Who are the key players/companies in the global pico projectors market?