According to the latest report by IMARC Group, titled “Pico Projectors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast by 2024”, the global Pico projectors market was valued at US$ 1.91 Billion in 2018. A pico projector is a small handheld device that is designed to project content from a smartphone, camera, tablet or a notebook onto a flat surface. Also known as a pocket, handheld or mobile projector, it is very compact as compared to the conventional projectors, which are bulky and inconvenient to carry from place to another. Nowadays, pico projectors are highly preferred due to their ease of mobility, low energy consumption and better resolution.
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Constantly evolving technology is expected to transform the global pico projector market. For instance, manufacturers are developing pico projectors that can produce 3D motion pictures or images with high resolution to enable users to watch movies or games in glass-free devices. This technology is also used in the defense and aerospace industry to assist the armed forces with 3D projections of bunker locations, plot charts of the sea or land-based enemy, and enemy deployments. Moreover, the rapid advancements in display panels, such as 4K and 8K technology, have led to the rising adoption of Digital Light Processing (DLP) in the automotive sector, which in turn is boosting the growth of the market. Looking forward, IMARC Group expects the market to reach a value of US$ 4.24 Billion by 2024, registering a CAGR of around 14% during 2019-2024.
Market Breakup by Technology:
- Digital Light Processing (DLP)
- Laser Beam Steering
- Holographic Laser Projection
- Liquid Crystal on Silicon
- Embedded
- Non-Embedded
- Light Source
- Illumination System
- Projector Lens
- Others
- Brightness
- 0-50 Lumens
- 50-100 Lumens
- 100-150 Lumens
- >150 Lumens
- Power Source
- In-Built Battery
- Non-Battery
- Laptop/Desktop
- Smartphones
- Digital Camera
- Portable Media Players
- Others
- Consumer Electronics
- Business & Education
- Retail
- Healthcare
- Others
- Lenovo Group Limited
- Aaxa Technologies Inc.
- Texas Instruments
- Acer Inc.
- LG Electronics Inc.
- Microvision Inc.
- Sony Corporation
- ZTE Corporation
- Koninklijke Philips N.V.
- RIF6 LLC
- Celluon Inc.
- Cremotech Co Ltd.
- Global Aiptek Corporation
- Miroir USA
- Optoma Technology Corporation
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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