Pico Projector Market - Growth, Trends, and Forecast (2019 - 2024)

The Pico Projector Market is segmented by Product Type (USB Pico Projector, Embedded Pico Projector, Stand-alone Pico Projector), Component (Light Source, Optics, MEMS Technology), End-user Industry (Consumer Electronics, Automotive, Healthcare), and Geography.

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

15%

Key Players:

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Market Overview

The pico projector market was valued at USD 2.08 billion in 2018 and is expected to reach a value of USD 4.60 billion by 2024, registering a CAGR of about 15% during the forecast period 2019 - 2024. With the increase in the number of new entrants, the competition among the existing players has intensified, each player is striving to scale their position, by actively investing in this technology and projection devices.

  • Pico projector systems constitute an evolving technology and are expected to transform the global projector market, by shrinking the size of projectors, down to convenient sizes that fit into a hand. These projectors can also be embedded into small hand-held devices, as accessories to tablets, cameras, personal digital assistants, laptops, and smartphones.
  • Pico projectors can produce naked-eye 3D motion pictures with high resolution, where a user can watch movies and games in a glass-free device. Moreover, with the rapid advancements in display technologies, such as 4K and 8K display panels, have also boosted the growth of the market.
  • The pico projectors have various applications in various industries. For Instance, in the defense and aerospace industry, a pico projector can assist the armed forces with a 3D projection of real-time location of enemy deployments, bunker locations, and plot charts of sea-or land-based enemies force structure. 

Scope of the Report

A pico projector is a small handheld device that has 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 as compared to large and bulky projectors.

By Product Type
USB Pico Projector
Embedded Pico Projector
Media Player Pico Projector
Stand-alone Pico Projector
Other Product Types
By Component
Light Source
Optics
Batteries
MEMS Technology
Other Components
By End-user Industry
Consumer Electronics
Automotive
Defence & Aerospace
Healthcare
Retail
Media & Entertainment
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

Increased Adoption of the Digital Light Processing (DLP) Technology to Drive the Market

  • DLP type projectors rely primarily on a DLP chip, or digital micromirror device (DMD), which comprises of up to two million tiny mirrors, where each mirror is one-fifth the width of a human hair.
  • A DLP projector with three-chip architecture can project up to 35 trillion colors. Being light-source agnostic, DLP technology can effectively use a variety of light sources, which is the primary reason for the growth of this technology.
  • With the incorporation of new technologies into the automotive sector, it is expected to pose a positive effect on the pico projector market, as many automotive manufacturers are employing high-quality image projection systems in their vehicles. With pico DLP projector that can produce high-quality images, the advancements in the autonomous car technology are fueling the growth of the overall pico DLP projector systems market.
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North America Occupies the Largest Market Share

  • The North American region is expected to dominate the pico projector market, during the forecast period. The major factors driving the scale and growth of the North American market are the increasing investments in the consumer electronics market, as well as the strong demand from the automotive, healthcare, and education and research markets.
  • Also, a lot of buzz has been created about the new applications of this technology, particularly in the field of life sciences, intelligent traffic systems, and vision-guided robotics. The region with a vast IT infrastructure has also boosted the smart devices market, regarding the enhancement of factors, like mobility and portability.
  • The United States is the major market for pico projectors in North America. Moreover, with the improvement in the economy, it is likely to fuel up the investments in the R&D activities for advanced technologies which will further boost the market in this region.
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Competitive Landscape

The pico projector market is highly competitive owing to the presence of many large players in the market operating in domestic as well as in the international market. The market appears to be moderately concentrated with the major players adopting strategies like product innovation and mergers and acquisitions. Some of the major players in the market are Sony Corporation, STMicroelectronics NV, Koninklijke Philips N.V., LG Electronics Inc. among others.

  • January 2018 - At the Consumer Electronics Show CES, Sony Electronics launched the 4K Ultra Short Throw Projector LSPX-A1. Utilizing 4K SXRD™ projection and HDR technology it produces native 4K resolution (4096 x 2160) with unprecedented detail, color, and contrast. LSPX-A1 is expected to be available in the United States by spring 2018.

Major Players

  1. Acer, Inc.
  2. Sony Corporation
  3. STMicroelectronics NV
  4. Koninklijke Philips N.V.
  5. LG Electronics Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Embedding Pico Projector into Consumer Electronics

      2. 4.3.2 Decrease in the Chipset Size

    4. 4.4 Market Restraints

      1. 4.4.1 High Cost and Limited Features

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. TECHNOLOGY SNAPSHOT

    1. 5.1 Digital Light Processing

    2. 5.2 Liquid–Crystal-On-Silicon

    3. 5.3 Laser Beam Steering

    4. 5.4 Holographic Laser Projection

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Product Type

      1. 6.1.1 USB Pico Projector

      2. 6.1.2 Embedded Pico Projector

      3. 6.1.3 Media Player Pico Projector

      4. 6.1.4 Stand-alone Pico Projector

      5. 6.1.5 Other Product Types

    2. 6.2 By Component

      1. 6.2.1 Light Source

      2. 6.2.2 Optics

      3. 6.2.3 Batteries

      4. 6.2.4 MEMS Technology

      5. 6.2.5 Other Components

    3. 6.3 By End-user Industry

      1. 6.3.1 Consumer Electronics

      2. 6.3.2 Automotive

      3. 6.3.3 Defence & Aerospace

      4. 6.3.4 Healthcare

      5. 6.3.5 Retail

      6. 6.3.6 Media & Entertainment

      7. 6.3.7 Other End-user Industries

    4. 6.4 Geography

      1. 6.4.1 North America

      2. 6.4.2 Europe

      3. 6.4.3 Asia-Pacific

      4. 6.4.4 Latin America

      5. 6.4.5 Middle East & Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Aaxa Technologies, Inc.

      2. 7.1.2 Acer, Inc.

      3. 7.1.3 Aiptek International, Inc.

      4. 7.1.4 Coretronic Corporation

      5. 7.1.5 Sony Corporation

      6. 7.1.6 STMicroelectronics NV

      7. 7.1.7 Texas Instruments, Inc.

      8. 7.1.8 Koninklijke Philips N.V.

      9. 7.1.9 LG Electronics Inc.

      10. 7.1.10 Samsung Group

      11. 7.1.11 Miroir

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

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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