Global Market for Pico Projector is Anticipated to grow at a Significant Pace i.e., USD 6345.4 Million during the Forecast Period 2021-2027

Published Date: Apr, 2022

The Pico Projector market is anticipated to grow at a significant pace i.e. 11.2% CAGR during the forecast period as it provides a convenient way to protect the contents of these devices onto any surface, including walls, notebooks, or airport meal trays. The surge in demand for consumer electronics such as smartphones and tablets particularly in emerging economies like India, China, etc. owing to rising disposable income and mounting government reforms will rapidly develop the growth of the global Pico projectors market. Moreover, the integration of Pico Projectors in mobile handsets, portability, decreasing average selling price, and increased application will accelerate the growth of the Pico Projector industry. Furthermore, the Pico projector modules are being embedded into a variety of devices, including digital cameras, digital camcorders, digital photo frames, computers, portable media players, mobile TVs, and portable gaming devices, resulting in the market growth of Pico Projectors, Also, the Pico projectors are widely deployed in the automotive sector for image projection systems in vehicles. Thus, the rising demand for portable and handy electronic devices which can fit in their backpacks or pockets will propel the growth of the market.

In March 2022, AAXA Technologies announced the launch of the AAXA P8 Mini Projector. The AAXA P8 Mini Projector is a pocket-sized, high-powered next-generation solid-state mini projector. The AAXA P8 Mini HD Projector features a 4th generation Texas Instruments DLP imager and an Android 10.0 operating system with wireless screen mirroring, Bluetooth networking, and video streaming capabilities. The P8 delivers a bright 430 Lumens and can display a dazzling 100" image owing to extremely efficient Luminus 30,000-hour LEDs.

The COVID-19 pandemic has led to a substantial decline in the sale of consumer electronics goods. China, being the prominent supplier of raw material and finished products was also impacted by the coronavirus. Thus, the consumer electronics sector is challenged by reduced production, supply chain disruptions, and fluctuation in prices. These all factors will impact the growth of the global Pico projector market.

Browse 53 market data Tables and 35 Figures spread through 200 Pages and in-depth TOC on " Pico Projector Market by Type (USB Projector, Embedded Projector, Laser Projector, Media Player Projectors, and Standalone), by Technology (Liquid Crystal on Silicon, Laser Beam Steering, Holographic Laser Projection, and Digital Light Processing), by Application (Aerospace and Defense, Healthcare, Education, Automotive, Consumer Electronics, and Others), and Region - Global Forecast to 2027"

By technology, the Digital Light Processing (DLP) segment dominates the market in 2021.

The DLP dominates the market owing to its two significant factors i.e., sealed imaging chips and filter-free chips. Also, DLP chips eliminate the dust particles entering the projected image and do not require air filters, thus reducing maintenance costs. The market for DLP technology is growing significantly owing to the adoption of new DLP chip applications like LED pico projectors, which have quick response time, include 3D capabilities, and produce clear images.

Global Pico Projector Market Segmentation Analysis

Segment

Categorization

Leading Category

Type

USB Projector, Embedded Projector, Laser Projector, Media Player Projectors, and Standalone

Embedded Projector (Largest)

USB Projector (Significant Growth)

Technology

Liquid Crystal on Silicon, Laser Beam Steering, Holographic Laser Projection, and Digital Light Processing

Digital Light Processing (Largest)

Laser Beam Steering (High CAGR)

Application

Aerospace and Defense, Healthcare, Education, Automotive, Consumer Electronics, and Others

Consumer Electronics (Largest)

 

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America

(Largest)

Asia-Pacific

 (Fastest)

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“North America contributes the largest share in the Pico Projector market.”

North America dominates the global Pico Projector market owing to well-established IT infrastructure and enhanced semiconductor business in the region. Pico projectors are becoming increasingly popular in the United States and Canada due to their compact size and advanced interface connectivity with Wi-Fi and HDMI. 

Some of the major players in the global Pico Projector market include AAXA TECHNOLOGIES INC., Texas Instruments Incorporated, LG Electronics, Sony Group Corporation, Acer Inc., Coretronic Corp., Tracxn Technologies Limited. (Previous Name was Opus Microsystems Corp.), Koninklijke Philips N.V., Miroir USA., and Seiko Epson Corporation.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Type, Technology, Application, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

AAXA TECHNOLOGIES INC., Texas Instruments Incorporated, LG Electronics, Sony Group Corporation, Acer Inc., Coretronic Corp., Tracxn Technologies Limited. (Previous Name was Opus Microsystems Corp.), Koninklijke Philips N.V., Miroir USA., and Seiko Epson Corporation

Global Pico Projector Market Coverage

Type Insight and Forecast 2015-2027

  • USB Projector
  • Embedded Projector
  • Laser Projector
  • Media Player Projectors
  • Standalone

Technology Insight and Forecast 2015-2027

  • Liquid Crystal on Silicon
  • Laser Beam Steering
  • Holographic Laser Projection
  • Digital Light Processing

Application Insight and Forecast 2015-2027

  • Aerospace and Defense
  • Healthcare
  • Education
  • Automotive
  • Consumer Electronics
  • Others

Geographical Segmentation

Pico Projector Market by Region

North America

  • By Type
  • By Technology
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Type
  • By Technology
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Type
  • By Technology
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Type
  • By Technology
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries