Pico Projector Market Share, Industry Segments, Business Strategy, Opportunities, Developments, Competitive Landscape and Comprehensive Research Study 2023

Market Synopsis:

The global pico projector market is expected to exhibit a strong 15% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global pico projector market is expected to reach a valuation of USD 3.8 billion by 2023, according to the report. The global pico projector market is studied in great detail in the latest report from Market Research Future (MRFR), which includes a detailed analysis of the market’s historical growth trajectory and present condition. Major trends operating in the global pico projector market are examined in the report. Based on this information, accurate and reliable projections for the market’s likely growth trajectory over the forecast period till 2022 are presented in the report. Leading drivers and restraints operating on the global Pico Projector Market are examined in the report. The impact of these major drivers and restraints on the global pico projector market is examined in detail in the report. Thus, the major factors enabling the market’s growth are enlisted and profiled in the report. Leading players operating in the global pico projector market are also profiled in the research report. The competitive landscape of the global pico projector market is thus examined in detail in the report. The report also examines the impact of the COVID-19 pandemic on the global pico projector market.

Pico projectors are small, pocket-sized projectors that deliver the performance of conventional, larger projectors along with the benefit of their smaller size. Due to their smaller size, pico projectors can be carried easily and stored in smaller spaces than conventional projectors. This has driven the demand for pico projectors over the last few years. For personal users, pico projectors represent a real upgrade over conventional projectors, as they can be stored in much smaller spaces than conventional projectors and deliver comparable performance in terms of video and picture quality. This is likely to remain a major driver for the global pico projector market over the forecast period. Corporate users are also likely to increasingly prefer pico projectors over the coming years, as they support advanced video and memory storage technologies and deliver high-quality performance. On the other hand, the high prices of pico projectors in comparison to conventional projectors are a major restraint on the global pico projector market.

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The growth and technological advancement of the consumer electronics industry is likely to be a major driver for the global pico projector market over the forecast period. Consumer electronics have undergone significant evolution in the last few years in terms of making the electronic devices more consumer-friendly and technologically advanced. The latest pico projectors can connect with smartphones as well as memory card readers, making them usable in almost every thinkable application of projectors. This is likely to be a major driver for the global pico projector market over the forecast period.

Key Players

The prominent players in Covid-19 Impact on Pico Projector Market are – Lenovo Group Limited (U.S.), LG Electronics Inc. (South Korea), Microvision, Inc. (U.S.), Sony Corporation (Japan), Aaxa Technologies Inc. (U.S.), Texas Instruments Inc. (U.S.), ZTE Corporation (China), Koninklijke Philips N.V. (Netherlands), Cremotech Co., Ltd. (South Korea), Global Aiptek Corporation (Taiwan) among others.

Market Segmentation:

The global pico projector market is segmented on the basis of component, type, technology, application, and region.

  • By Component, the global pico projector market is segmented into light sources and illumination system. The light sources segment is further sub-segmented into LEDs and laser diodes, while the illumination system segment is further sub-segmented into fly eye lens, light pipe, and projection lens.
  • By Type, the global pico projector market is segmented into embedded and non-embedded.
  • By Technology, the global pico projector market is segmented into digital light processing, liquid crystal on silicon, laser beam steering, and projection technology in augmented reality.
  • By Application, the global pico projector market is segmented into retail, healthcare, business and education, consumer electronics, and automotive.

Regional Analysis:

The global pico projector market, by region, has been segmented into Asia Pacific, North America, Europe and the Rest of the World (RoW). Asia Pacific is the largest market for pico projectors and is also anticipated to exhibit a relatively higher CAGR over the next couple of years. The growth of the fast-developing nations such as India and China are projected to aid the proliferation of the pico projectors market in the forthcoming years. Other factors responsible for the rapid developments in the regional market include technological advancements and expansion of the consumer electronics industry among others.

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