Pico Projectors Market size is set to grow by USD 1.68 billion from 2024-2028, increasing integration of pico projectors in smartphones boost the market, Technavio
NEW YORK, June 18, 2024 /PRNewswire/ -- The global pico projectors market size is estimated to grow by USD 1.68 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 10.87% during the forecast period. Increasing integration of pico projectors in smartphones is driving market growth, with a trend towards shift toward laser technology to improve pico projector performance. However, low brightness and limited features of pico projectors poses a challenge. Key market players include AAXA Technologies Inc., Acer Inc., Akaso, ASUSTeK Computer Inc., B and H Foto and Electronics Corp., Canon Inc., Coretronic Corp., Eastman Kodak Co., Koninklijke Philips N.V., Lenovo Group Ltd., LG Electronics Inc., Magnasonic, MicroVision Inc., Qisda Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Sony Group Corp., Syndiant, Texas Instruments Inc., and ViewSonic Corp..
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Pico Projectors Market Scope
Report Coverage
Details
Base year 2023
Historic period
2018 - 2022
Forecast period
2024-2028
Growth momentum & CAGR Accelerate at a CAGR of 10.87%
Market growth 2024-2028
USD 1687.3 million
Market structure
Fragmented
YoY growth 2022-2023 (%) 9.53
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market
contribution North America at 48%
Key countries
US, China, Germany, UK, and Japan
Key companies profiled AAXA Technologies Inc., Acer Inc., Akaso, ASUSTeK Computer Inc., B and H Foto and Electronics Corp., Canon Inc., Coretronic
Corp., Eastman Kodak Co., Koninklijke Philips N.V., Lenovo Group Ltd., LG Electronics Inc., Magnasonic, MicroVision Inc.,
Qisda Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Sony Group Corp., Syndiant, Texas Instruments Inc., and
ViewSonic Corp.
Market Driver
Pico projectors are set to gain popularity due to technological advancements, improving image resolution and addressing power constraints. Laser projectors, in particular, offer superior quality and brightness, with features such as efficiency, longer lifespan, and faster response times. Despite their high cost, laser projectors are more cost-effective in the long run and will become more accessible as technology evolves. This shift towards laser technology is expected to significantly impact the pico projectors market.
The Pico Projector market is experiencing significant growth with businesses and individuals embracing these compact devices for various applications. Busineses use Pico Projectors for presentations, training sessions, and product demonstrations. The technology has become more affordable, making it accessible to a wider audience. Consumers use Pico Projectors for home entertainment, education, and gaming. The market is seeing advancements in resolution, brightness, and battery life. Companies are also introducing wireless connectivity and integration with other devices. The future looks bright for Pico Projectors as they continue to offer convenience and versatility.
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Market Challenges
-- The Pico Projector market faces challenges due to the small size and
limited light-emitting technology, resulting in low brightness output.
This issue hinders market growth as users seek higher performance.
Additionally, Pico Projectors lack standard features such as contrast,
focus, and brightness adjustment. These fixed settings require specific
placement, reducing demand and market expansion during the forecast
period.
-- The Pico Projector market faces several challenges. Technological
advancements, such as Mini-LED and Blue Laser technology, push companies
to innovate and offer smaller, brighter, and more energy-efficient
devices. However, price competition from larger projectors and
smartphones remains a significant hurdle. Additionally, the market size
is limited due to the niche nature of the product. Consumers often
prioritize cost and convenience, making it essential for manufacturers
to provide competitive pricing and user-friendly features. Furthermore,
the ongoing digital transformation and remote work trends may increase
demand for portable projectors, creating opportunities for growth.
Overall, the Pico Projector market requires continuous innovation and
cost optimization to remain competitive.
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Segment Overview
This pico projectors market report extensively covers market segmentation by
1. Type
-- 1.1 Embedded
-- 1.2 Standalone
2. Technology
-- 2.1 DLP
-- 2.2 LCOS
-- 2.3 LBS
3. Geography
-- 3.1 North America
-- 3.2 APAC
-- 3.3 Europe
-- 3.4 South America
-- 3.5 Middle East and Africa
1.1 Embedded- The Pico Projector market is experiencing steady growth due to its compact size and portability. These devices offer a convenient solution for presentations and entertainment on-the-go. Businesses are adopting Pico Projectors for training sessions and product demonstrations, while consumers use them for home entertainment. The market is driven by increasing demand for wireless connectivity and high-definition displays. Manufacturers continue to innovate, improving brightness and battery life to meet consumer needs.
For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) - Download a Sample Report
Research Analysis
The Pico Projector market is experiencing significant growth in various sectors, particularly in the education industry. With the ongoing digital revolution, educational institutions are increasingly adopting digital technologies to enhance teaching standards. Pico Projectors, powered by laser technology and equipped with dual-band WiFi and Bluetooth connectivity, have become essential technological resources for both universities and schools. These handheld gadgets, featuring quad-core processors and electronic focus, offer mirroring support for seamless integration with other devices. The market size for Pico Projectors is expanding, driven by B2C enterprises and the household appliances sector. Industry associations and trade data suggest that performance factors, such as Gallium-nitride material systems, are key considerations for manufacturers and consumers alike. Survey results indicate a positive trend towards the adoption of Pico Projectors, making them an integral part of the digital transformation in various industries.
Market Research Overview
The Pico Projector market refers to the industry that produces and supplies compact projectors, also known as pocket projectors. These devices are designed to be highly portable, making them ideal for presentations, education, and entertainment on-the-go. Pico projectors use LED or laser technology to project images and videos onto surfaces, eliminating the need for a large screen or projector setup. The market for these devices is growing due to increasing demand for portable technology and advancements in miniaturization and brightness. Applications include education, business, gaming, and home theater. The market is driven by factors such as the need for flexibility, convenience, and cost-effectiveness. The market is expected to continue growing due to the increasing popularity of remote work and virtual meetings.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
-- Type
-- Embedded
-- Standalone
-- Technology
-- DLP
-- LCOS
-- LBS
-- Geography
-- North America
-- APAC
-- Europe
-- South America
-- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
