Pico Projector Market Growth & Trends
The global pico projector market is expected to reach USD 19.20 billion by 2030, expanding at a CAGR of 21.2% from 2024 to 2030. Smartphone proliferation coupled with high convenience when integrated with portable electronic devices is anticipated to elevate demand. Technological advancements have resulted in enhanced contrast ratio and high pixel quality. Portability and compatibility with Wi-Fi, WiMax, and 3G/4G technologies offered by these products is estimated to drive industry growth.Pico projectors have the ability to project content from mobile and other electronic devices onto a wall, notebook, or portable projection screens. Strong economic growth coupled with rising consumer disposable income may catalyze adoption particularly in consumer electronics and automobiles. Increasing adoption of smart devices and the advent of Internet of Things (IoT) may catapult demand over the next few years. The industry is poised for growth due to expanding application areas and increasing demand for mobility across all sectors. Growing adoption of Bring Your Own Device (BYOD) policies in the corporate sector may also spur product demand.
Pico Projector Market Report Highlights
- The digital light processing segment accounted for the largest market revenue share at 49.9% in 2023. The segment growth is attributed to the advantages of DLP technology, which utilizes micro mirrors to control light and deliver images with color accuracy and brightness.
- Standalone pico projectors accounted for the largest market share in 2023. These projectors allow users to connect with laptops, smartphones, or tablets.
- The smartphones segment dominated with the largest market share in 2023. Integrating pico projectors with smartphones allows users to mirror their smartphone screens onto the projector, enabling presentations, video playback, and sharing multimedia content directly from their mobile devices, enhancing convenience and flexibility, making pico projectors an extension of smartphones for professional and personal use.
- The consumer electronic segment dominated the market in 2023. The growing demand for portable and versatile entertainment solutions fuels the consumer electronics segment.
- Key players in the industry include 3M, AAXA Technologies, Microvision Inc., Samsung Electronics Co. Ltd., Sony Corporation, STMicroelectronics N.V., Texas Instruments, and Coretronic Corporation. Industry participants strive to develop products with enhanced image quality, resolution and brightness. Prominent players also emphasize on developing new generation HD micro-display chips for enhancing product offering.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Pico Projector Market Variables, Trends, & Scope
Chapter 4. Pico Projector Market: Technology Estimates & Trend Analysis
Chapter 5. Pico Projector Market: Product Estimates & Trend Analysis
Chapter 6. Pico Projector Market: Compatibility Estimates & Trend Analysis
Chapter 7. Pico Projector Market: Application Estimates & Trend Analysis
Chapter 8. Pico Projector Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
- AAXA TECHNOLOGIES INC.
- Acer Inc.
- Coretronic Corp.
- Koninklijke Philips N.V.
- Lenovo
- Miroir USA
- Samsung
- SYNDIANT
- Texas Instruments Incorporated
Methodology
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