Pico Projector Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Pico Projector Market is segmented by Geography (North America, Europe, Asia-Pacific, and Rest of the World).

Market Snapshot

Pico Projector Market Summary
Study Period: 2020-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 10.9 %
Pico Projector Market Major Players

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Market Overview

Pico projector Market is expected to grow at a CAGR of 10.9% during the forecast period. A pico projector is a small handheld portable device with all the characteristics of a traditional projector capable of displaying content on a flat surface. They are a significant choice for mobility, low energy consumption, and resolution compared to large and bulky projectors. Digital light processing, liquid–crystal-on-silicon, and laser-beam steering holographic laser projection technology are the technologies analyzed in the study.

  • The systems are based on advancing laser technology and are predicted to revolutionize the worldwide projector market. Small handheld gadgets and peripherals, such as tablets, cameras, personal digital assistants, computers, and cellphones, can also be equipped with these projectors.
  • LEDs are used in the pico projectors, which helps them endure longer without requiring any new parts or external power sources. The pico projectors are constructed explicitly with USB inputs or SD memory card readers, allowing customers to connect to the projectors using USB sticks or memory cards.
  • Furthermore, pico projectors are used in a variety of sectors. When combined with devices like HUDs, a pico projector can aid the armed services with a 3D projection of enemy deployments, bunker positions, and plot charts of the sea or land-based foes in the military and aerospace industries.
  • Moreover, the rapid developments in laser light source development, particularly in the gallium-nitride material systems, are paving the way for a wide range of wavelengths now available in pico-projection applications, intended to deliver 20 lumens or less. This advancement has provided various designers of pico-projection systems with great flexibility in choosing different laser wavelengths to optimize specific performance metrics.
  • The sale of electronics has been impacted significantly by the COVID-19 outbreak, as China is one of the major suppliers of raw materials and finished products. The industry faced a reduction in production, disruption in the supply chain, and price fluctuations.

Scope of the Report

A pico projector is a small handheld portable device with all the characteristics of a traditional projector capable of displaying content on a flat surface. They are an excellent choice for mobility, low energy consumption, and resolution compared to large and bulky projectors. Digital Light Processing, Liquid–crystal-on-silicon, and Laser Beam Steering Holographic Laser Projection technology are the technologies analyzed in the study.

The Pico Projector Market is segmented by Geography (North America, Europe, Asia-Pacific, and the Rest of the World).

Geography
North America
Europe
Asia-Pacific
Rest of the World

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Key Market Trends

Technology Evolution to Drive the Market

  • DLP is one of the prominent technologies in projection and near-eye display and is well implemented in pico projectors. The conventional projectors are based on DLP technology. Hence, this technology offers better results in the pico projector as well.
  • New technologies such as LED and L.C.oS are also being implemented to enhance video quality and provide a better life than conventional lamps. Moreover, there is a growing demand for smaller, more portable projectors in the mainstream market.
  • The new DLP chip applications, such as LED pico projectors that fit in the palm of a human hand and have the size of a mobile phone, are expected to contribute to the growth of the digital light processing chipset market. To address this need, Philips, Samsung, Sony, and many more players are releasing a new range of pico projectors.
  • The semiconductor companies actively seek growth opportunities by expanding their DLP portfolio for pico projectors. Companies such as Texas Instruments, In-Vision, and many more are involved in developing various new technologies.
Pico Projector Market: Manufacturer sales of projectors in the united states, in GBP Million, United Kingdom, 2018 - 2021

North America Occupies the Largest Market Share

  • North America is one of the early adopters in terms of technology and innovations. The region has been experiencing high growth in its expenditure on consumer electronics. Due to its small design and advanced interface connectivity with Wi-Fi and HDMI, the sales of pico projectors are increasing widely in the United States and Canada.
  • Moreover, the anticipated release of new applications of this technology, particularly in the field of life sciences, intelligent traffic systems, and vision-guided robotics, is expected to boost the demand for pico projectors in the region. Vast IT infrastructure in the area has grown the market and enhanced these projectors' vital characteristics, like mobility and portability.
  • Companies are extensively investing in developing automotive HUDs using pico projectors. US-based Maxin Integrated recently released its design for a MEMS-based automotive laser pico projector. It is designed with a triple laser-diode pico projector system on chip (SoC) and built around a pico laser drive. This enables infinite focus, readability in sunlight, and excellent color.
  • The major factors driving the scale and growth of the pico projectors in North America are the increasing investments in the consumer electronics market and the strong demand from the automotive, healthcare, and education and research markets.
Pico Projector Market, Growth Rate by Geography (2022-2027)

Competitive Landscape

The pico projector market appears to be moderately concentrated, with significant players adopting strategies like product innovation and mergers and acquisitions. Some of the major players in the market are Sony Corporation, Koninklijke Philips NV, and LG Electronics Inc. Some of the recent developments in the market are:

  • August 2022 - Yaber has launched a smartphone-sized projector Pico P1. This DLP projector has a thickness of 0.52 in (13.2 mm), weighs in at 5.2 oz (150 g), and benefits from a housing made from a composite material. It has a maximum resolution of 960 x 540 at 110 ANSI lumens, a contrast ratio of 350:1, and display sizes ranging from 10 to 100 diagonal inches.
  • May 2022 - Philips has launched PicoPix MaxTV. This is an all-in-one portable standalone unit with built-in Android TV, which can project a 120-inch, true 1080p resolution image for up to four hours on the built-in battery, with AI-driven Auto Focus and Auto Keystone correction and light sensor for adaptive brightness.

Recent Development

  • August 2022 - VIMGO has launched VIMGO P10 smart LCD projector. It has a native resolution of 1080P and supports 4K video playback with a brightness of 300 ANSI lumen. This Projector has a built-in Android 9.0 operating system.
  • March 2022 - AAXA Technologies launched the AAXA P8 Mini Projector and incorporated a 4th generation Texas Instruments DLP imager mated to an Android 10.0 operating system. This Projector produces a bright 430 Lumens and can deliver a brilliant 100” projected image.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Assessment of Impact of COVID-19 on the Industry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Increasing Application in Consumer Electronics

      2. 5.1.2 Development of Pico Projectors with Superior Specification

    2. 5.2 Market Challenges

      1. 5.2.1 Safety Issues with Laser Beams Projector and Low Brightness

  6. 6. TECHNOLOGY SNAPSHOT

    1. 6.1 By Technology

      1. 6.1.1 Digital Light Processing

      2. 6.1.2 Liquid Crystal on Silicon

      3. 6.1.3 Laser Beam Steering

      4. 6.1.4 Holographic Laser Projection

    2. 6.2 By Product Type

      1. 6.2.1 USB Pico Projector

      2. 6.2.2 Embedded Pico Projector

      3. 6.2.3 Media Player Pico Projector

      4. 6.2.4 Stand-alone Pico Projector

  7. 7. MARKET SEGMENTATION

    1. 7.1 Geography

      1. 7.1.1 North America

      2. 7.1.2 Europe

      3. 7.1.3 Asia-Pacific

      4. 7.1.4 Rest of the World

  8. 8. COMPETITIVE LANDSCAPE

    1. 8.1 Company Profiles

      1. 8.1.1 Aaxa Technologies Inc.

      2. 8.1.2 Acer Inc.

      3. 8.1.3 Aiptek International Inc.

      4. 8.1.4 Coretronic Corporation

      5. 8.1.5 Sony Corporation

      6. 8.1.6 Cannon Inc.

      7. 8.1.7 Koninklijke Philips NV

      8. 8.1.8 LG Electronics Inc.

      9. 8.1.9 Samsung Group

      10. 8.1.10 Miroir USA

    2. *List Not Exhaustive
  9. 9. INVESTMENT ANALYSIS

  10. 10. FUTURE OF THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Pico Projector Market market is studied from 2020 - 2027.

The Pico Projector Market is growing at a CAGR of 10.9% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Aaxa Technologies Inc., Acer, Inc., Coretronic Corporation, Sony Corporation, Canon Inc. are the major companies operating in Pico Projector Market.

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