Pico Projector Market Thriving with a CAGR of 31.1% to Reach $5,002 million by 2023

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.

According to a recent report published by Allied Market Research, titled, Global Pico Projector Market by Technology, Product, Application, and Compatibility: Global Opportunity Analysis and Industry Forecast, 20172023, the 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.

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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.

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 of the pico projector impedes the growth of the market.

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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.

The key players 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.

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Key Findings Of The Study

The digital light processing (DLP) segment generated the highest revenue in the global pico projector market in 2019.

In 2019, the non-embedded/standalone segment was the highest revenue contributor in the product segment.

LAMEA is anticipated to exhibit the highest CAGR during the forecast period.

In 2019, Asia-Pacific contributed the highest market share, followed by North America, Europe, and LAMEA.

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COMPANY PROFILES

9.1. AXA SA (AAXA TECHNOLOGIES, INC.)

9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. Business performance
9.1.6. Key strategic moves and developments

9.2. CELLUON INC.

9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Product portfolio

9.3. LENOVO GROUP LTD.

9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.3.6. Key strategic moves and developments

9.4. LG ELECTRONICS, INC.

9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.4.6. Key strategic moves and developments

9.5. MICROVISION, INC

9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance

9.6. MIROIR USA

9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business product categories
9.6.4. Product portfolio

9.7. CORETRONIC CORP (OPTOMA TECHNOLOGY, INC.)

9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. Business performance

9.8. SYNDIANT

9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Product portfolio

9.9. TEXAS INSTRUMENTS INC.

9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.9.6. Key strategic moves and developments

9.10. ZTE CORPORATION

9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
9.10.6. Key strategic moves and developments

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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.

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