Overview and Scope
A pico projector is a handheld or mini projector designed to display images, videos, presentations and other content on a larger screen or surface. Pico projectors are valued for their convenience, portability and versatility, enabling users to share content and presentations in various settings without needing larger, stationary projection equipment.
Sizing and Forecast
The pico projectors market size has grown rapidly in recent years. It will grow from $3.85 billion in 2023 to $4.28 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to rising demand for mobile projection, home entertainment, education and training, growing healthcare .
The pico projectors market size is expected to see rapid growth in the next few years. It will grow to $6.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to demand for business applications, growth in online and remote work, demand for automotive industry, investments pico projectors. Major trends in the forecast period include advancements in projection technology, wireless connectivity, laser projection technology, iot and smart devices, ai and voice control.
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Segmentation & Regional Insights
The pico projectors market covered in this report is segmented –
1) By Product Type: Embedded; Non-Embedded
2) By Component: Light Source; Illumination System; Projector Lens; Other Components
3) By Technology: Digital Light Processing (DLP); Laser Beam Steering; Holographic Laser Projection; Liquid Crystal On Silicon
4) By Application: Aerospace And Defense; Healthcare; Education; Automotive; Consumer Electronics; Other Applications
North America was the largest region in the Pico projectors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pico projector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rise in demand for consumer electronics is expected to propel the growth of the pico projector market going forward. Consumer electronics refers to any electronic gadget designed for every day, private, or professional use by consumers or end users. Pico projectors are used as consumer electronics image projectors that provide versatility and portability and eliminate the need for dedicated projection screens and complex setups. For instance, in January 2023, according to the annual financial report 2022 published by LG Corporation, a South Korea-based consumer electronics company, LG’s annual revenue increased by 12.9% to reach $52.70 billion in 2022. Further, revenue was recorded at $22.5 billion in 2022, up 10.3% from 2020. Therefore, the rise in demand for consumer electronics is driving the growth of the Pico projector market.
Key Industry Players
Major players in the pico projectors market are Dell Technologies Inc., Sony Group Corporation, Lenovo Group Limited, LG Electronics Inc., Xiaomi Inc., 3M Company, Toshiba Corporation, Texas Instruments Inc., Koninklijke Philips N.V., ASUSTeK Computer Inc., ZTE Corporation, Delta Electronics Inc., Acer Inc., Eastman Kodak Company, BenQ Corporation, ViewSonic Corporation, Brookstone Company Inc., Vankyo, Miroir USA LLC, Optoma Technology Inc., WowWee Group Limited, Adapt Inc., CreNova Systems Co Ltd., AAXA Technologies Limited, Celluon Inc.
The pico projectors market report table of contents includes:
1. Executive Summary
2.Pico Projectors Market Characteristics
3.Pico Projectors Market Trends And Strategies
4.Pico Projectors Market analysis
5.Pico Projectors Market Size And Growth
6.Pico Projectors Segmentation
7.Pico Projectors Regional And Country Analysis
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27.Pico Projectors Competitive Landscape And Company Profiles
28.Pico Projectors Key Mergers And Acquisitions
29.Pico Projectors Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Dell Technologies Inc
- Sony Group Corporation
- Lenovo Group Limited
- LG Electronics Inc.
- Xiaomi Inc.
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