Press release
Pico Projectors Market Size, Trends, Latest Insights, Analysis And Forecast 2024-2033
Pico Projectors Market Size
Pico Projectors Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $6.46 billion In 2028 At A CAGR Of 10.8% :
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.
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Pico Projectors Market Major 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 Driver - 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.
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Prominent Trend - 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.
Pico Projectors Market Players
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.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the Pico projectors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pico projector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pico Projectors Market Report Structure
3. Pico Projectors Market Trends And Strategies
4. Pico Projectors Market - Macro Economic Scenario
5. Pico Projectors Market Size And Growth
…..
27. Pico Projectors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Global Pico Projector Market Insights, Forecast
The Pico Projector market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Pico Projector.
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Table of Contents:
Table of Contents
1 Study Coverage
1.1…
