Pico Projector Market expected to grow at a CAGR of 31.1% by 2023, Top 3 Player Profiles are Texas Instruments, Inc., MicroVision, Inc, Aaxa Technologies, Inc.

Global Pico Projector Market was valued at $749 million in 2016, and is projected to reach at $5,002 million by 2023, growing at a CAGR of 31.1% from 2017 to 2023.

Pico Projector, also known as pocket projector, handheld projector, mobile projector, or mini beamer is an image projector used to project image through a handheld device. These projectors are inbuilt in various devices such as mobile phones, tablets, and cameras, which makes them popular as pocket or pico projector. These are miniature video, image, or personal digital assistance (PDAs) projectors, which could be used in various applications where there is a need of projecting information on larger screens.

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The major companies profiled in the report include Texas Instruments, Inc., MicroVision, Inc, Aaxa Technologies, Inc., LG Electronics, Inc., Lenovo Group Ltd., Optoma Technology Corp., Syndiant, ZTE Corporation, Celluon, Inc., and Miroir USA

At present, Asia-Pacific dominates the market, followed by North America. In 2016, China dominated the Asia-Pacific market and Germany led the overall market in Europe. However, in North America, the U.S. currently dominates the market.

The compactness and flexibility of the pico projectors make way for the growth of the market. In addition recent technological advancements also contribute to the market growth. However, low brightness and short battery backup hampers this stated growth.

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Key Findings of the Pico Projector Market:-

- The digital light processing (DLP) segment generated the highest revenue in the global pico projector market in 2016.
- In 2016, the non-embedded/standalone segment was the highest revenue contributor in the product segment.

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