USD 6.5 Billion
Pico Projector Market Size, Share, Growth Analysis, By Product(Standalone, Embedded, Media Player, USB), By Technology(DLP, LBS, LCoS, Holographic Laser Projection), By Application(Consumer Electronics, Aerospace & Defense, Healthcare), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2862 |
Region:
Global |
Published Date: April, 2024
Pages:
214
|Tables:
93
|Figures:
75
Pico Projector Market Insights
Global Pico Projector Market size was valued at USD 6.5 Billion in 2022 and is poised to grow from USD 6.81 Billion in 2023 to USD 9.91 Billion by 2031, growing at a CAGR of 4.80% in the forecast period (2024-2031).
The global pico projector market exhibits dynamic growth driven by various factors including technological advancements, increasing adoption of portable devices, changing consumer preferences, and expanding applications across industries. Technological innovations have enabled better contrast with high-quality pixels. Increased loading capacity, and the use of multiple locations, can contribute to growth. There are many benefits to using Wi-Fi, including viewing and sharing videos, photos and documents from anywhere. This will increase demand in the future. Growth is also expected to be driven by innovation in flexible products, including Wi-Fi, WiMAX and 3G/4G technologies.
Pico projectors are gaining traction in automotive applications, including head-up displays (HUDs), in-vehicle infotainment systems, and advanced driver assistance systems (ADAS). Pico projectors essential information, navigation instructions, and multimedia content directly into the windshield or dashboard Launched, driver safety, comfort and entertainment are enhanced. Miniaturization trend creates demand for ultra-compact and lightweight Pico projectors suitable for portable devices and embedded applications Manufacturers are developing small form factors, low power consumption and robust performance to meet the needs of various end-user projects consumer including electronics, healthcare, education and business. Pico projectors find healthcare applications for medical imaging, telemedicine, patient education, and surgical guidance. In education, pico projectors enable learning experiences an interactive, classroom presentations, and distance learning.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Rivets
Fastest Growth
Clips
Growth Rate
4.80% CAGR
Global Pico Projector Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Pico Projector Market Segmental Analysis
By product, the market is segmented into standalone, embedded, media player, USB, laser. By technology the market is segmented into DLP, LBS, LCoS, holographic laser projection. By application, the market is segmented into consumer electronics, aerospace & defense, healthcare. Based on region, the global Pico Projector market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Product
Embedded projectors are expected to represent the largest share of the revenue over the forecast period due to the proliferation of smartphones. The introduction of new smartphones with virtual keyboards with the introduction of BYOD offers more growth opportunities. Its use as a head-up display (HUD) is also expected to fuel the demand. These devices can also be used in wearable electronics to enhance the gaming experience.
Standalone segment in the global pico projector market share is expected to be gradually lost to laser embedded products over the next seven years due to increasing need for migration across industries. Such products are widely used in the educational industry. The laser projector, which is still in development, is expected to improve image quality, potentially fueling demand.
Analysis by Technology
Digital Light Processing (DLP) and Liquid Crystal on Silicon (LCoS) are key technologies used in devices. Advances in technology have provided high contrast, quality and focused images compared to traditional displays. Texas Instruments developed DLP technology, characterized by its compact and popular size.
Laser beam steering (LBS) is expected to show significant growth due to its integration in smartphones and tablets. This technology offers better performance than DLP and LCoS in the global pico projector market.
Global Pico Projector Market By Product (%)
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Pico Projector Market Regional Insights
Asia-Pacific is expected to dominate the global pico projector market in terms of volume and value. This comes from Samsung Electronics Co. Ltd., LG Electronics, Inc., and many other players have fragmented due to high levels of investment in electronics in Asia-Pacific countries such as India, China, Japan and others that fueled the growth of the market those major players like Samsung Electronics.
The North America region is expected to grow at the significant CAGR. The cost of electronic equipment has increased dramatically in this industry. Pico projector sold in the US and Canada are gaining popularity due to their compact size and compatibility with state-of-the-art Wi-Fi and HDMI interfaces.
Global Pico Projector Market By Geography
- Largest
- Fastest
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Pico Projector Market Dynamics
Drivers
Increasing Integration of Pico Projectors in Smartphones is Driving the Market Growth
- The increasing integration of pico projectors in smartphones is a key driver for market growth. Digital picture frames, digital cameras, digital camcorders, laptops, mobile TVs, portable media players and portable gaming systems all have a pico projector. The Aiptek Projector Cam C25 Camcorder, the Samsung Galaxy Beam 2, and the AAXA P4-X LED Portable Pico Projectors are some examples of products that use a pico projector. The smartphone segment is the main end-user and will drive market expansion throughout the launch period. Vendors are introducing state-of-the-art pico projector technology.
Rise in the Demand for Consumer Electronics
- There is a huge demand for consumer electronics, especially in developing countries like India and China. Furthermore, factors such as rising disposable incomes, rising middle class, gradual government reforms, and the use of pico projectors in consumer electronics are expected to grow rapidly during the forecast period and drives demand for consumer electronics. The number of smartphones and tablets in the market is expected to increase in the coming years, leading to an expansion of the market.
Restraints
Rainbow Effects to Hamper Market Growth
- A portable projector can have some operational challenges such as rainbow effects and glare during launch. These issues stand out in low-level examples. The rainbow effect occurs when there is a rapidly moving image, or in addition to the rapid movement of the viewer’s eyes while viewing the image, the rainbow effect can cause the viewer to experience headaches. Thus, through the rainbow effect, light absorption can corrupt the projection image by creating a grayish tinge to the projection image. These factors pose a challenge to the global pico projector market growth.
Limitations of Brightness and Image Quality
- An important mandate in the global pico projector market is the challenge associated with achieving high brightness and image quality in compact form factors. Pico projectors often face lighting limitations due to small size and due to power limitations, results. In addition to the low image blur in well-lit environments, small projectors present technical challenges to achieve high resolution and color accuracy, improving image quality compared to larger displays.
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Pico Projector Market Competitive Landscape
The competitive environment of the Global Pico Projector Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading market players are investing heavily in R&D to expand their product range, leading to further growth in the pico projector market players are also adopting various strategies to expand their global footprint, including new product introductions, contractual agreements, mergers and acquisitions.
Top Player’s Company Profiles
- AAXA Technology
- 3M Co.
- Acer Inc.
- Coretronic Corporation
- Lite-On Technology Corporation
- Luminus Devices
- Microvision
- Maradin
- ZTE Corporation
- Celluon, Inc.
- Miroir USA
- Epson
- Canon
- Dell
- HP
- Acer
- Sony
- Kodak
- Philips
Recent Developments
- In June 2023, Zebronics launched its latest ZEB-PixaPlay 22 1080p Smart LED Projector in the Indian market. It has dual-band WiFi and Bluetooth connectivity—powered by a quad-core processor and 1GB of RAM. The portable projector has many features, such as 1080p resolution, 3200 lumens brightness, 3000 hours of LED lamp life, electronic focus and mirror support.
- In August 2022, Yaber released the Pico P1, a smartphone-sized display device. This DLP projector has a composite housing, which measures 0.52 inches (13.2 mm) in diameter and weighs 5.2 ounces (150 grams). It has a display size ranging from 10 to 100 diagonal inches, a resolution of 960 x 540 at 110 ANSI lumens, a 350:1 contrast ratio, and this specification.
- In March 2022, The AAXA P8 Mini Projector was introduced by AAXA Technologies that includes a fourth-generation Texas Instruments DLP imager integrated with the Android 10.0 operating system This projector is capable of 100" projected images that are impressive, and it has a brightness rating of 430 Lumens.
Pico Projector Key Market Trends
DLP Projectors to Offer Significant Market Growth
- DLP is one of the leading technologies in projection-to-eye display and is used successfully in pico projectors. Traditional projectors are based on DLP technology. Therefore, this technology also gives good results from pico projectors. The demand for DLP projectors is expected to increase with the increasing use of digital screens in the film industry. DLP projectors are increasingly replacing analog screens with digital screens. The number of films produced internationally has increased in recent times, further increasing the demand for DLP projectors. Further expansion of DLP film is expected in the coming years. In addition, small spatial projections are made using DLP projectors with very small projections. Multiple cinemas in India also record 9,382 movies by 2022, according to the FCCI.
Pico Projector Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Increasing adoption of pico projectors in various consumer electronic devices such as smartphone handsets, tablets, laptops, etc. to drive the market growth. Smartphones have been integrated with pico projectors to view presentations, and media & entertainment driving the growth of the global pico projector market. The global market witnesses a steady growth driven by technological advancements, increasing demand for portable devices, and widespread applications across industries known for its compact, lightweight and portable design. Pico projector is gaining popularity among consumers and professionals due to its versatility and comfort. New trends in projection technologies such as DLP, LCoS, and laser-based projection increase pico projector performance, brightness, and image quality to meet evolving customer needs developers focus on improving shape, color accuracy, and communication channels.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.5 Billion |
| Market size value in 2031 | USD 9.91 Billion |
| Growth Rate | 4.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pico Projector Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pico Projector Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Pico Projector Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pico Projector Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pico Projector Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pico Projector Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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