Pico Projector Market

Global Pico Projector Market Size (2024 to 2029)

The global pico-projectors market is predicted to reach USD 4.31 billion in 2024 and USD 8.48 billion by 2029, growing at a CAGR of 14.52% during the forecast period.

Pico projectors are also known as portable projectors, a cutting-edge technology that comes with portable devices such as tablets, cell phones, and cameras. Pico projectors offer a simple way to project content from tools onto display surfaces like laptops, walls, portable projection screens, and airplane food trays. The Pico projector uses a laser or LED light, which eliminates the need to replace the lamp. The main segments of Pico projectors include integrated projectors and stand-alone projectors. The evolution of laser technology is expected to transform the global Pico projector market by reducing the size of projectors to portable projectors. These projectors can also be integrated into small portable devices and accessories, such as tablets, cameras, personal digital assistants, laptops, and smartphones.

MARKET DRIVERS

The increasing deployment of these Pico projectors into smartphones is a crucial factor that drives the demand in the global pico projector market.

The Pico projector modules are nowadays integrated into devices like digital cameras, digital photo frames, portable gaming devices, digital camcorders, laptops, portable media players, and mobile TVs, driving the demand for the projector peak. The increase in demand and the lower sale price are the other factors attributable to the growth of the market. The fact that consumers today use advanced technologies for their operations is also driving market growth. The use of flat panel displays is increasing in the coming years, thus acting as a limiting factor in the growth of the global Pico projector market. The fall in the average sales price and the increase in its applications are also factors that contribute to the growth of the market. With the rising call for flexibility from end-users, the limited functions of Pico projectors may affect overall adoption, hampering the growth of dialers. Fierce competition from flat panels is also one of the factors limiting the growth of the worldwide market.

The main factors driving the growth of the digital light processing chipset are the sealed image chip and the unfiltered chips.

Most digital light processing projectors include related chips that avoid the possibility of dust particles that can be a part of the projected image. In addition, DLP chips work without air filters, which reduces maintenance as there is no need to clean the filter. The applications for DLP chips like LED Pico projectors that fit in the palm and the size of a mobile phone are expected to contribute to the growth of the digital light processing chip market.

Digital Light Processing (DLP) uses a chip made up of tiny microscopic mirrors and a rotating color wheel to create an image. This type of chip is structured so that each pixel is a reflective mirror, which means that there are one to two (or more) million micromirrors in each DMD, depending on the resolution, expected display, and how the mirror tilt speed is controlled. DLP-type projectors offer sharp images without any filters and better response time, along with 3D capabilities.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Pico Projector Market Analysis By Technology

According to the technology, the market is divided into digital light processing (DLP), laser beam direction, holographic laser projection, and liquid crystal on silicon (LCoS). By type, it is classified into embedded, non-embedded/standalone, and USB.

Global Pico Projector Market Analysis By Application

The applications discussed in this study are consumer electronics, business, and education, among others. The compatibility segment comprises laptops/desktops, smartphones, digital cameras, portable media players, and others.

REGIONAL ANALYSIS

The market is analyzed for North America, Europe, Asia-Pacific, and LAMEA. North America and Europe are the leading areas in the global market and are foreseen to record significant growth rates in the coming years.

KEY PARTICIPANTS IN THE GLOBAL PICO PROJECTOR MARKET

The major companies operating in the global pico projector market include 3M Co., AAXA Technologies Inc., Aiptek Inc., Light Blue Optics Ltd., bTendo Ltd., Luminus Device Inc., Acer Inc., Greenlight Optics LLC, Lemoptix SA, Samsung Electronics Co. Ltd., Maradin Ltd., MicroVision Inc., Micron Technology Inc., Optoma Corp., Mezmeriz Inc., Opus Microsystems Corp., Syndiant Inc., Texas Instruments Inc., Toshiba Corp and WowWee Group Ltd.

RECENT HAPPENINGS IN THE GLOBAL PICO PROJECTOR MARKET

• In June 2019, Phillips launched two new DLP projectors: PicoPix Nano and PicoPix Micro. Designed to be the smallest to date, the spotlights are updated with more vivid colors and lights.

• In November 2019, Mirror USA launched SYNQ, its latest portable home projector with Plug and Play functionality with streaming devices, including Amazon Fire Stick, Apple TV, Google Chromecast, and Roku.

• In October 2016, AAXA Technologies Inc. launched an HD Pico projector with a native resolution of 720P. It is a cube-shaped projector tip that weighs 0.37 pounds. It is based on LCOS technology, which can provide an image with a screen size up to 80 inches diagonally. Thus, the company reinforced its current portfolio with this tiny cube-shaped projector.

• LG Electronics Inc. launched the PH450U portable Pico projector at IFA 2016, the Berlin trade fair. It is a DLP-based Pico projector with a brightness of 450 lumens. It supports wireless connection via Bluetooth or Wi-Fi via Miracast. With the launch of the PH450U, the company is expanding its line of Minibeam portable projectors.

• In June 2016, Motorola Mobility LLC (USA), a renowned division of Lenovo Group Ltd., introduced its Moto Z smartphone and Moto Mods accessories comprising a portable projector that can be connected to the Moto Z series of smartphones. Therefore, the portable Pico projector allows the display of the smartphone's content on a large screen.

• In March 2016, Koninklijke Philips N.V. introduced its new Pico projector from the family of PicoPix. With 170 lumens of brightness, you can project images or videos diagonally up to 120 inches. The compact screen mirroring function with Android, iOS, and Windows operating systems allows the user to share content from a smartphone or tablet without the need for cables.

DETAILED SEGMENTATION OF THE GLOBAL PICO PROJECTOR MARKET INCLUDED IN THIS REPORT

This research report on the global Pico Projector market is segmented and sub-segmented by Technology, Type, Applications, Compatibility, and Region.

By Technology

• DLP             

• LCoS           

• Laser Beam Direction          

• Holographic Laser Projection

By Type

• Embedded              

• Non-Embedded    

By Application

• Consumer Electronics         

• Business & Education       

By Compatibility

• Laptops/Desktops               

• Smartphone           

• Digital Cameras     

• Portable Media Players     

By Region

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus