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, according to a new study by Grand View Research, Inc. 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.
Access the Pico Projector Market Size, Share & Trends Analysis Report By Technology, By Product (USB, Embedded, Media Player, Stand-alone), By Compatibility, By Application, By Region, And Segment Forecasts, 2024 - 2030
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.
Key Pico Projector Company Insights
Some key companies in the pico projector market include AAXA TECHNOLOGIES INC.; Coretronic Corp.; and LG Electronics.
AAXA Technologies specializes in using advanced nano-LCoS (Liquid Crystal on Silicon) systems in some of its projectors. It offers a range of pico projectors, mini projectors, and LED projectors. AAXA claims to have made the world's smallest 1080P projector. Some of its latest launches of pico projectors include SLC450, P6X, and L500.
Coretronic Corp. manufactures DLP projectors, interactive projection systems, image signal processing boxes, wearable display solutions, LCD backlight modules, high-lumen laser projectors, and automotive augmented reality heads-up displays. Its proprietary MCLA technology enhances the quality of its
projectors.
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Key Pico Projector Companies:
The following are the leading companies in the pico projector market. These companies collectively hold the largest market share and dictate industry trends.
· AAXA TECHNOLOGIES INC.
· Acer Inc.
· Coretronic Corp.
· Koninklijke Philips N.V.
· Lenovo
· Miroir USA
· Samsung
· SYNDIANT
· Texas Instruments Incorporated
About Grand View Research:
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com
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Sherry James
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Grand View Research, Inc.
Phone: 1-415-349-0058
Email: [email protected]
