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
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
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.
| Report Metric | Details |
| Market size value in 2020 | US$1,260.100 million |
| Market size value in 2027 | US$5,179.638 million |
| Growth Rate | CAGR of 22.38% from 2020 to 2027 |
| Base year | 2020 |
| Forecast period | 2022–2027 |
| Forecast Unit (Value) | USD Million |
| Segments covered | Type, Technology, End-User Industry, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | Aaxa Technologies Inc., Acer, Inc., Aiptek International, Inc., Coretronic Corporation, Sony Corporation, Syndiant, Miroir USA, Microvision, Celluon Inc. |
| Customization scope | Free report customization with purchase |
Segmentation:
Frequently Asked Questions (FAQs)
Q1. What will be the pico projector market size by 2027?
A1. The global pico projector market is expected to reach a total market size of US$5,179.638 million in 2027.
Q2. What are the growth prospects for the pico projector market?
A2. The pico projector market is expected to grow at a CAGR of 22.38% over the forecast period.
Q3. What is the size of the global pico projector market?
A3. Pico Projector Market was valued at US$1,260.100 million in 2020.
Q4. Which region holds the largest market share in the pico projector market?
A4. The North American region is expected to hold the largest share of the global pico projector market due to state-of-art infrastructure and early adoption of new technology.
Q5. What factors are anticipated to drive the pico projector market growth?
A5. Strong economic growth combined with greater consumer disposable money, particularly in consumer electronics and automobiles, may drive the pico projector market growth.
Aaxa Technologies Inc.
Acer, Inc.
Aiptek International, Inc.
Sony Corporation
Syndiant
Miroir USA
Microvision
Celluon Inc.
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