Market Size of Pico Projector Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 3.40 Billion |
Market Size (2029) | USD 5.71 Billion |
CAGR (2024 - 2029) | 10.90 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Pico Projectors Market Analysis
The Pico Projector Market size is estimated at USD 3.40 billion in 2024, and is expected to reach USD 5.71 billion by 2029, growing at a CAGR of 10.90% during the forecast period (2024-2029).
The pico projector systems are based on advancing laser technology and are predicted to revolutionize the worldwide projector market. Small handheld gadgets and peripherals, such as tablets, cameras, personal digital assistants, computers, and cellphones, can also be equipped with these projectors.
- Furthermore, LEDs are used in the pico projectors, which helps them endure longer without requiring any new parts or external power sources. The Pico projectors are constructed explicitly with USB inputs or SD memory card readers, allowing customers to connect to the projectors using USB sticks or memory cards.
- For instance, in June 2023, Zebronics launched its latest ZEB-PixaPlay 22 1080p Smart LED Projector in the Indian market. It has dual-band WiFi and Bluetooth connectivity—a quad-core processor and 1GB RAM power. The portable projector has several features, including a 1080p resolution, a 3200 lumens brightness, a 30000-hour LED lamp life, electronic focus, and mirroring support.
- In addition, pico projectors are used in a variety of sectors. Combined with devices like HUDs, a Pico projector can aid the armed services with a 3D projection of enemy deployments, bunker positions, and plot charts of the sea or land-based foes in the military and aerospace industries. For instance, in February 2023, Domestic consumer electronics brand Portronics launched its new compact brilliant music LED projector, Pico 10. It features a powerful 280 Lumens LED lamp powered by Android 9.0. The Pico10 can project images and videos up to 150 inches on any surface.
- Various players in the market are developing innovative products to stay competitive in the studied market. Further, in August 2022, Vimgo launched a Vimgo P10 Ultra-Budget Pico Projector. It offers several benefits, such as a giant lens camera, which gives various image-quality benefits. Also, it provides good brightness and contrast, seemingly at the cost of uniformity and overall sharpness.
- Moreover, the rapid developments in laser light source development, particularly in the gallium-nitride material systems, pave the way for a wide range of wavelengths now available in pico-projection applications, intended to deliver 20 lumens or less. This advancement has provided various designers of pico-projection systems with great flexibility in choosing different laser wavelengths to optimize specific performance metrics.
- The sale of electronics was impacted significantly by the COVID-19 outbreak, as China was one of the major suppliers of finished products and raw materials. The industry faced a reduction in production, disruption in the supply chain, and price fluctuations.
- Moreover, the market is expected to grow in the forecasted period as the consumer electronic industries nowadays are increasing rapidly. According to the Department for Promotion of Industry and Internal Trade, in May 2022, USD 1.34 billion worth of electronic goods were exported from India. In addition, China's electrical and electronic equipment exports were USD 954.78 billion in 2022, as per the United Nations COMTRADE database on international trade.
Pico Projectors Industry Segmentation
A pico projector is a small handheld portable device with all the characteristics of a traditional projector capable of displaying content on a flat surface. They are an excellent choice for mobility, low energy consumption, and resolution compared to large and bulky projectors. Digital Light Processing, Liquid-crystal-on-silicon, and Laser Beam Steering Holographic Laser Projection technology are analyzed. Further,
The studied market is segmented by geographies (North America, Europe, Asia-Pacific, Rest of the World). The disturbance of the factors affecting the market's evolution shortly has been covered in the study regarding drivers and restraints. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Rest of the World |
Pico Projector Market Size Summary
The pico projector market is poised for significant growth, driven by advancements in laser and LED technologies that enhance portability and functionality. These compact devices, which can be integrated into various handheld gadgets like tablets, cameras, and smartphones, are gaining traction across multiple sectors, including military, aerospace, and consumer electronics. The market is characterized by rapid technological innovations, such as the development of pico projectors with USB inputs and SD memory card readers, allowing for greater connectivity and ease of use. Companies like Zebronics and Portronics are introducing new models with features like dual-band WiFi, Bluetooth connectivity, and high-resolution projections, catering to the growing demand for portable and versatile projection solutions.
In North America, the pico projector market is experiencing robust growth due to increased investments in consumer electronics and the expanding applications in fields like automotive, healthcare, and education. The region's strong IT infrastructure and early adoption of technology further bolster market expansion. Key players such as Sony, Philips, and LG are actively engaging in product innovation and strategic partnerships to maintain competitive advantage. The market's growth is also supported by the rising demand for DLP projectors, particularly in the film industry, as digital screens replace analog ones. As the market evolves, companies are focusing on developing advanced features and applications, such as automotive heads-up displays and smart classroom solutions, to meet the diverse needs of consumers and industries.
Pico Projector Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Buyers
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1.2.2 Bargaining Power of Suppliers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Assessment of Impact of COVID-19 on the Industry
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 North America
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2.1.2 Europe
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2.1.3 Asia-Pacific
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2.1.4 Rest of the World
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Pico Projector Market Size FAQs
How big is the Pico Projector Market?
The Pico Projector Market size is expected to reach USD 3.40 billion in 2024 and grow at a CAGR of 10.90% to reach USD 5.71 billion by 2029.
What is the current Pico Projector Market size?
In 2024, the Pico Projector Market size is expected to reach USD 3.40 billion.