Pico Projector Market Size

Pico Projectors Market Analysis

The Pico Projector Market size is estimated at USD 3.40 billion in 2024, and is expected to reach USD 5.71 billion by 2029, growing at a CAGR of 10.90% during the forecast period (2024-2029).

The pico projector 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.

• Furthermore, 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.
• For instance, in June 2023, Zebronics launched its latest ZEB-PixaPlay 22 1080p Smart LED Projector in the Indian market. It has dual-band WiFi and Bluetooth connectivity—a quad-core processor and 1GB RAM power. The portable projector has several features, including a 1080p resolution, a 3200 lumens brightness, a 30000-hour LED lamp life, electronic focus, and mirroring support.
• In addition, pico projectors are used in a variety of sectors. 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. For instance, in February 2023, Domestic consumer electronics brand Portronics launched its new compact brilliant music LED projector, Pico 10. It features a powerful 280 Lumens LED lamp powered by Android 9.0. The Pico10 can project images and videos up to 150 inches on any surface.
• Various players in the market are developing innovative products to stay competitive in the studied market. Further, in August 2022, Vimgo launched a Vimgo P10 Ultra-Budget Pico Projector. It offers several benefits, such as a giant lens camera, which gives various image-quality benefits. Also, it provides good brightness and contrast, seemingly at the cost of uniformity and overall sharpness.
• Moreover, the rapid developments in laser light source development, particularly in the gallium-nitride material systems, pave 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 was impacted significantly by the COVID-19 outbreak, as China was one of the major suppliers of finished products and raw materials. The industry faced a reduction in production, disruption in the supply chain, and price fluctuations.
• Moreover, the market is expected to grow in the forecasted period as the consumer electronic industries nowadays are increasing rapidly. According to the Department for Promotion of Industry and Internal Trade, in May 2022, USD 1.34 billion worth of electronic goods were exported from India. In addition, China's electrical and electronic equipment exports were USD 954.78 billion in 2022, as per the United Nations COMTRADE database on international trade.