Pico Projectors Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | Dell Technologies Inc., Sony Group Corporation, Lenovo Group Limited, LG Electronics Inc

"The pico projectors market size has grown rapidly in recent years. It will grow from $3.85 billion in 2023 to $4.28 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to rising demand for mobile projection, home entertainment, education and training, growing healthcare .

The pico projectors market size is expected to see rapid growth in the next few years. It will grow to $6.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to demand for business applications, growth in online and remote work, demand for automotive industry, investments pico projectors. Major trends in the forecast period include advancements in projection technology, wireless connectivity, laser projection technology, iot and smart devices, ai and voice control.

Market Overview -
A pico projector is a handheld or mini projector designed to display images, videos, presentations and other content on a larger screen or surface. Pico projectors are valued for their convenience, portability and versatility, enabling users to share content and presentations in various settings without needing larger, stationary projection equipment.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=12910&type=smp

Surging Demand For Consumer Electronics Fuels Growth In The Pico Projector Market
The rise in demand for consumer electronics is expected to propel the growth of the pico projector market going forward. Consumer electronics refers to any electronic gadget designed for every day, private, or professional use by consumers or end users. Pico projectors are used as consumer electronics image projectors that provide versatility and portability and eliminate the need for dedicated projection screens and complex setups. For instance, in January 2023, according to the annual financial report 2022 published by LG Corporation, a South Korea-based consumer electronics company, LG's annual revenue increased by 12.9% to reach $52.70 billion in 2022. Further, revenue was recorded at $22.5 billion in 2022, up 10.3% from 2020. Therefore, the rise in demand for consumer electronics is driving the growth of the Pico projector market.

Competitive Landscape -
Major players in the pico projectors market are Dell Technologies Inc., Sony Group Corporation, Lenovo Group Limited, LG Electronics Inc., Xiaomi Inc., 3M Company, Toshiba Corporation, Texas Instruments Inc., Koninklijke Philips N.V., ASUSTeK Computer Inc., ZTE Corporation, Delta Electronics Inc., Acer Inc., Eastman Kodak Company, BenQ Corporation, ViewSonic Corporation, Brookstone Company Inc., Vankyo, Miroir USA LLC, Optoma Technology Inc., WowWee Group Limited, Adapt Inc., CreNova Systems Co Ltd., AAXA Technologies Limited, Celluon Inc.

Technological Innovation Takes Center Stage In The Pico Projector Market
Major companies operating in the pico projector market are focused on developing technologically innovative products, such as imager technology, to gain competitive advantages and sustain their position in the market. Imager technology refers to using machines or sensors to detect and convey information to form an image. For instance, in January 2021, AAXA Technologies Inc., a US-based technology company, launched the P6X Pico Projector. This is the world's brightest battery-powered pico projector, designed with the latest Osram LEDs, Texas Instrument's digital light processing imager technology and a massive 54-watt lithium-ion battery. Additionally, this projector can deliver 1000 LED lumens on battery power.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/pico-projectors-global-market-report

Key Segments -
The pico projectors market covered in this report is segmented -
1) By Product Type: Embedded; Non-Embedded
2) By Component: Light Source; Illumination System; Projector Lens; Other Components
3) By Technology: Digital Light Processing (DLP); Laser Beam Steering; Holographic Laser Projection; Liquid Crystal On Silicon
4) By Application: Aerospace And Defense; Healthcare; Education; Automotive; Consumer Electronics; Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.