NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global pico projectors market size is estimated to grow
by USD 1.68 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of over 10.87% during the forecast period. Increasing
integration of pico projectors in smartphones is driving
market growth, with a trend towards shift toward laser
technology to improve pico projector performance. However, low
brightness and limited features of pico projectors poses a
challenge. Key market players include AAXA Technologies Inc.,
Acer Inc., Akaso, ASUSTeK Computer Inc., B and H Foto and
Electronics Corp., Canon Inc., Coretronic Corp., Eastman Kodak Co.,
Koninklijke Philips N.V., Lenovo Group Ltd., LG Electronics Inc.,
Magnasonic, MicroVision Inc., Qisda Corp., Ricoh Co. Ltd., Samsung
Electronics Co. Ltd., Sony Group Corp., Syndiant, Texas Instruments
Inc., and ViewSonic Corp..
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this report
Pico Projectors
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
10.87%
|
Market growth
2024-2028
|
USD 1687.3
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
9.53
|
Regional
analysis
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
48%
|
Key
countries
|
US, China, Germany, UK,
and Japan
|
Key companies
profiled
|
AAXA Technologies Inc.,
Acer Inc., Akaso, ASUSTeK Computer Inc., B and H Foto and
Electronics Corp., Canon Inc., Coretronic Corp., Eastman Kodak Co.,
Koninklijke Philips N.V., Lenovo Group Ltd., LG Electronics Inc.,
Magnasonic, MicroVision Inc., Qisda Corp., Ricoh Co. Ltd., Samsung
Electronics Co. Ltd., Sony Group Corp., Syndiant, Texas Instruments
Inc., and ViewSonic Corp.
|
Market Driver
Pico projectors are set to gain popularity due to technological
advancements, improving image resolution and addressing power
constraints. Laser projectors, in particular, offer superior
quality and brightness, with features such as efficiency, longer
lifespan, and faster response times. Despite their high cost, laser
projectors are more cost-effective in the long run and will become
more accessible as technology evolves. This shift towards laser
technology is expected to significantly impact the pico projectors
market.
The Pico Projector market is experiencing significant growth
with businesses and individuals embracing these compact devices for
various applications. Busineses use Pico Projectors for
presentations, training sessions, and product demonstrations. The
technology has become more affordable, making it accessible to a
wider audience. Consumers use Pico Projectors for home
entertainment, education, and gaming. The market is seeing
advancements in resolution, brightness, and battery life. Companies
are also introducing wireless connectivity and integration with
other devices. The future looks bright for Pico Projectors as they
continue to offer convenience and versatility.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The Pico Projector market faces challenges due to the small
size and limited light-emitting technology, resulting in low
brightness output. This issue hinders market growth as users seek
higher performance. Additionally, Pico Projectors lack standard
features such as contrast, focus, and brightness adjustment. These
fixed settings require specific placement, reducing demand and
market expansion during the forecast period.
- The Pico Projector market faces several challenges.
Technological advancements, such as Mini-LED and Blue Laser
technology, push companies to innovate and offer smaller, brighter,
and more energy-efficient devices. However, price competition from
larger projectors and smartphones remains a significant hurdle.
Additionally, the market size is limited due to the niche nature of
the product. Consumers often prioritize cost and convenience,
making it essential for manufacturers to provide competitive
pricing and user-friendly features. Furthermore, the ongoing
digital transformation and remote work trends may increase demand
for portable projectors, creating opportunities for growth.
Overall, the Pico Projector market requires continuous innovation
and cost optimization to remain competitive.
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challenges - Request a sample report!
Segment Overview
This pico projectors market report extensively covers market
segmentation by
- Type
- 1.1 Embedded
- 1.2 Standalone
- Technology
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Embedded- The Pico Projector market is experiencing
steady growth due to its compact size and portability. These
devices offer a convenient solution for presentations and
entertainment on-the-go. Businesses are adopting Pico Projectors
for training sessions and product demonstrations, while consumers
use them for home entertainment. The market is driven by increasing
demand for wireless connectivity and high-definition displays.
Manufacturers continue to innovate, improving brightness and
battery life to meet consumer needs.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Pico Projector market is experiencing significant growth in
various sectors, particularly in the education industry. With the
ongoing digital revolution, educational institutions are
increasingly adopting digital technologies to enhance teaching
standards. Pico Projectors, powered by laser technology and
equipped with dual-band WiFi and Bluetooth connectivity, have
become essential technological resources for both universities and
schools. These handheld gadgets, featuring quad-core processors and
electronic focus, offer mirroring support for seamless integration
with other devices. The market size for Pico Projectors is
expanding, driven by B2C enterprises and the household appliances
sector. Industry associations and trade data suggest that
performance factors, such as Gallium-nitride material systems, are
key considerations for manufacturers and consumers alike. Survey
results indicate a positive trend towards the adoption of Pico
Projectors, making them an integral part of the digital
transformation in various industries.
Market Research Overview
The Pico Projector market refers to the industry that produces
and supplies compact projectors, also known as pocket projectors.
These devices are designed to be highly portable, making them ideal
for presentations, education, and entertainment on-the-go. Pico
projectors use LED or laser technology to project images and videos
onto surfaces, eliminating the need for a large screen or projector
setup. The market for these devices is growing due to increasing
demand for portable technology and advancements in miniaturization
and brightness. Applications include education, business, gaming,
and home theater. The market is driven by factors such as the need
for flexibility, convenience, and cost-effectiveness. The market is
expected to continue growing due to the increasing popularity of
remote work and virtual meetings.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Technology
-
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio