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Rise in demand for Pico Projector Market at a CAGR of 31.1%, 2017 - 2023

01-21-2019 04:09 AM CET | IT, New Media & Software

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
Pico Projector Market

Pico Projector Market

The Pico projector market holds high potential for the display industry. Presently, there is an increase in demand for the pico projectors from developing countries such as China, India, and others. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative product offerings.

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 of the pico projector impedes the growth of the market. In the near future, rise in demand for the consumer electronics, and increase in disposable income of people is expected to create lucrative opportunities for the key players operating in the pico projector market.

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Pico projector is an emerging technology, which applies the use of an image projector present inside the handheld device. In addition, advancements in technology used in pico projectors makes them more powerful, less expensive, and smaller in size as well.

Among the analyzed geographical regions, Asia-Pacific is expected to account for the highest revenue in the global market throughout the forecast period (2017-2023) followed by North America, Europe, and LAMEA. However, LAMEA is expected to grow at a higher growth rate, predicting a lucrative market growth for pico projectors.

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Global Pico projector market size is expected to reach $5,002.0 million by 2023, growing at a CAGR of 31.1% during the forecast period 2017‐2023. 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.

Key Benefits for Pico Projector Market:
This study comprises analytical depiction of the global pico projector market analysis with current trends and future estimations to depict the imminent investment pockets.
The overall pico projector market potential is determined to understand the profitable trends to gain a stronger foothold.
The pico projector market report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2023 to benchmark the financial competency.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the pico projector market industry.

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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 are key market players that occupy a significant revenue share in the pico projector market.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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