Growth at a CAGR of about 14.86% in the Pico Projector Market during 2018 - 2023 (the forecast period)| Key Vendors - PHILIPS, SONY CORPORATION, OPTOMA, STMICROELECTRONICS NV, AND ACER, INC., amongst others

Market Analysis:

North America is the Biggest Market
North America is likely to dominate the market during the forecast period. The major factors driving it are the investments in the consumer market, as well as the strong domestic consumption in the automotive, healthcare, and education, vast IT infrastructure and research markets.

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Recent developments in the pico projector technology have made personal projectors viable for the consumer market. The pico projector market is further driven by the capability of optoelectronic systems and these projectors are used in various industries, like automotive, aerospace & defense, consumer electronics, healthcare, media & entertainment, marketing agencies, and others. Pico projectors can make bared eyes 3D motion pictures with high resolution, where viewers can watch movies and play games with the glass-free environment. South Korea and Japan are among the promising markets for the VR gaming technology. Currently, standalone, media player, and USB pico projectors have a higher demand than embedded projectors, as they are yet to capture the market. With pico DLP projector that can produce high-quality images, the advancements in the autonomous car technology are fueling the growth of the overall pico DLP projector systems market.

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Market Segments:
Pico Projector Market is segmented by:
1. Product Type: USB Pico Projector, Embedded Pico Projector , Media Player Pico Projector, Stand-alone Pico Projector, Others
2. Technology: Digital Light Processing, Liquid-Crystal-On-Silicon, Laser Beam Steering, Holographic Laser Projection, Others
3. Application: Hand Gesture Recognition, Pointer-based Computer Control, 3D Pico Projector, Mobile Devices, Others
4. End-user Industry: Consumer Electronics, Automotive, Defence & Aerospace, Healthcare, Retail, Media & Entertainment, Others
5. Component: Light Source, Optics, Batteries, MEMS Technology, Others
6. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2018 - At the Consumer Electronics Show CES, Sony Electronics launched the 4K Ultra Short Throw Projector (LSPX-A1).
• September 2017 - Anker Technology, a developer of connected devices to support smarter audio that drives the emerging smart home space, launched the Nebula Capsule on Indiegogo.

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