Pico Projector Market Drivers, Size, Share, Trends, Growth Projections and Opportunity Analysis | Acer, Epson,

The global pico projector market size was US$ 2.5 billion in 2021. The global pico projector market is forecast to grow to US$ 35.4 billion by 2030 by registering a compound annual growth rate (CAGR) of 15.1% during the forecast period from 2022 to 2030. Pico projectors, also referred to as mobile projectors or pocket projectors, are diminutive handheld devices used for projecting videos, images, presentations, and other electronic documents. These projectors are integrated with smartphones, cameras, tablets, notebooks, and any memory device. Consumer electronics, automotive, defense and aerospace, healthcare, educational institutions, gaming, retail, and electronics are some of the major industries where pico projectors are used.

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Factors Influencing the Market
The wide applications of pico projectors in aerospace & defense, healthcare, automotive, consumer electronics, etc., will fuel the growth of the market during the study period. Apart from that, the flexible design of pico projectors is expected to be opportunistic for the market during the study period. These projectors have built-in speakers and batteries and offer high-resolution images. Apart from that, they are easy to carry and economically viable options for home entertainment purposes. Thus, it will propel the market forward. Growing technological advancements, such as 2D and 3D portable projectors, are expected to gain traction in the coming years. Growing disposable income and the growing use of this technology in the business sector are forecast to contribute to the market growth. On the flip side, technological constraints may limit the growth of the market during the forecast period.

COVID-19 Impact Analysis
The demand for pico projectors reduced dramatically after the COVID-19 outbreak. The pandemic severely hit the consumer purchasing power, which, in turn, restricted the demand for pico projectors. Moreover, instability in raw material prices and hardships in procurement further limit the pico projector market growth.

Regional Analysis
The Asia-Pacific pico projector market is forecast to record the highest growth rate. It is due to the rising disposable income and growing awareness related to the recent developments of the pico projectors. Moreover, the region is home to some renowned industry players, such as Acer, Epson, etc., which will significantly contribute to the market growth. Growing technological advancements and growing consumer electronics industry will also escalate the growth of the market. Apart from that, the low cost and benefits of pico projectors will drive the pico projector market forward during the study period.

Competitors in the Market
? Acer
? Epson
? Canon
? Panasonic
? Philips
? Casio
? Infocus
? Sony
? Asus
? Kodak
? Other Prominent Players

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Market Segmentation
The global pico projector market segmentation focuses on Product, Technology, Component, Application, and Region.
By Product Type
? USB Projector
? Embedded Projector
? Laser Projector
? Media player Projector
? Standalone AR-Based HUD
By Technology
? Liquid Crystal on Silicon
? Laser Beam Steering
? Holographic Laser Projection
? Digital Light Processing Automobile Industry
By Component
? MEMS
? Batteries
? Light Source
? Optics
? Others
? Others
By Application
? Aerospace and Defense
? Aerospace & Defense
? Healthcare
? Automotive
? Consumer Electronics
? Others
By Region
North America
o The U.S.
o Canada
o Mexico
Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
South America
o Brazil
o Argentina
o Rest of South America

Key questions answered in the global Pico Projector report are:

How does a global company acquire markets?
What are its core strategies and policies?
What factors will influence the Pico Projector market over the forecast period?
What are the factors driving and restraining the market for Pico Projector market?
What are the leading competitors in the global market?
Which region is growing at a higher pace in the global market?

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This release was published on openPR.