Pico Projector Market - Forecasts from 2022 to 2027

The global pico projector market is expected to grow at a compound annual growth rate of 22.38% over the forecast period to reach a market size of US$5,179.638 million in 2027 from US$1,260.100 million in 2020.



A pico projector is a portable device that has all of the features of a projector and can display images up to 100 inches in size (254 cm). Compared to large projectors, they are a good alternative for mobility, low energy usage, and resolution. They are increasingly replacing conventional, stationary projectors, and their market is fast expanding. Pico projectors come in two varieties: standalone and media player. Handheld, pocket, and mobile projectors are all terms used to describe pico projectors. Pico projectors are ideal for content sharing and entertainment because of their compact size and efficient design. They can be purchased with or without a battery, in which case they must be powered by an external source such as a computer. Pico projectors can be powered using a USB or A/V connection. Depending on the model, batteries can be recharged or replaced. Because they lack built-in memory and cannot display a picture until another device is connected to stream a signal, the standalone pico projectors require an external data source. Pico projectors with a memory slot or built-in memory are known as media player projectors.

Market Trends

Mobile phones and other electronic gadgets can be projected onto a wall, laptop, or portable projection screen using pico projectors. Strong economic growth combined with greater consumer disposable money, particularly in electronics and automobiles, may drive adoption. In the coming years, increased smart device adoption and the introduction of the Internet of Things (IoT) may drive demand. The industry is poised for growth, thanks to increased application areas and rising demand for mobility across all industries. The increased adoption of Bring Your Own Device (BYOD) policies in the business sector may improve product demand.

However, factors such as operational challenges for low-end models and technological constraints associated with DLP projectors are expected to act as restraints to this market growth.

Growth Factors

Technological advancements in portable projectors

Portable projectors are no longer big, complex, and difficult to use gadgets with low quality and strange effects, thanks to technology developments. They are small and lightweight, making them ideal for corporate, educational, and entertainment applications. Modern portable projectors can be connected to the internet and come with memory devices for storing important information. Additionally, they have handy USB, HDMI, and MHL connectors for connecting to smartphones, laptops, and tablets, which are essential to access information and may be quickly connected. Furthermore, portable projectors feature high resolutions, such as HD and Full HD, built-in speakers, and batteries for improved picture quality. These devices are lightweight and fit easily into pockets. Portable projectors can be purchased for a low price, making them a financially viable option for home entertainment. They are primarily purchased for their portability, convenience, and cost. Companies are now developing high-quality 2D and 3D portable projectors that use less electricity and emit less heat. In the coming years, such features are likely to increase the selling of these devices.

Restraints

Technological constraints associated with DLP projectors

When compared to other technologies, DLP technology is found in the majority of portable projectors and is favored because it provides brilliant image quality with strong contrast. Using a spinning color wheel has the capability to show a rainbow effect to modulate images in DLP. Colors separate into distinct red, green, and blue as a result of the wheel's successive color updates. LCD projectors do not provide a rainbow effect since they always deliver a consistent red, green, and blue image at the same time.

The North American region is expected to create robust demand for Pico projectors, while the Asia Pacific region is expected to dominate the production.
Based on geography, the Pico Projector market is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific region. The North America Pico projector market is expected to hold a huge share of the global market. State-of-art infrastructure and early adoption of new technology are expected to be the prime reason supporting the segment growth. The Asia Pacific region, however, is anticipated to expand the production of Pico projectors owing to the emergence of manufacturing hubs in countries like China, India, South Korea, Vietnam, and others.

Impact of COVID-19 on the Pico Projector Market:

The COVID-19 pandemic, however, is expected to act as a restraint to this market growth as, owing to the pandemic scenario, several countries around the world went into lockdown, which completely disrupted the supply chain. Also, work stoppages, labor shortages, and preventive quarantines to curb the spread of the virus are expected to have a negative impact on the market.

Segmentation:

By Type

• Standalone Projector
• USB Projector
• Media player Projector
• Laser Projector
• Embedded Projector

By Technology

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

By End-User Industry

• Healthcare
• Aerospace and Defense
• Consumer Electronics
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• Italy
• Spain
• Others
• The Middle East and Africa
• Israel
• Saudi Arabia
• Others
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others