Pico Projector Market Size To Reach $19.20 Billion By 2030

Pico Projector Market Growth & Trends

The global pico projector market is expected to reach USD 19.20 billion by 2030, expanding at a CAGR of 21.2% from 2024 to 2030, according to a new study by Grand View Research, Inc. Smartphone proliferation coupled with high convenience when integrated with portable electronic devices is anticipated to elevate demand. Technological advancements have resulted in enhanced contrast ratio and high pixel quality. Portability and compatibility with Wi-Fi, WiMax, and 3G/4G technologies offered by these products is estimated to drive industry growth.

Pico projectors have the ability to project content from mobile and other electronic devices onto a wall, notebook, or portable projection screens. Strong economic growth coupled with rising consumer disposable income may catalyze adoption particularly in consumer electronics and automobiles. Increasing adoption of smart devices and the advent of Internet of Things (IoT) may catapult demand over the next few years. The industry is poised for growth due to expanding application areas and increasing demand for mobility across all sectors. Growing adoption of Bring Your Own Device (BYOD) policies in the corporate sector may also spur product demand.

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Pico Projector Market Report Highlights

• The digital light processing segment accounted for the largest market revenue share at 49.9% in 2023. The segment growth is attributed to the advantages of DLP technology, which utilizes micro mirrors to control light and deliver images with color accuracy and brightness.

• Standalone pico projectors accounted for the largest market share in 2023. These projectors allow users to connect with laptops, smartphones, or tablets.

• The smartphones segment dominated with the largest market share in 2023. Integrating pico projectors with smartphones allows users to mirror their smartphone screens onto the projector, enabling presentations, video playback, and sharing multimedia content directly from their mobile devices, enhancing convenience and flexibility, making pico projectors an extension of smartphones for professional and personal use.

• The consumer electronic segment dominated the market in 2023. The growing demand for portable and versatile entertainment solutions fuels the consumer electronics segment.

• Key players in the industry include 3M, AAXA Technologies, Microvision Inc., Samsung Electronics Co. Ltd., Sony Corporation, STMicroelectronics N.V., Texas Instruments, and Coretronic Corporation. Industry participants strive to develop products with enhanced image quality, resolution and brightness. Prominent players also emphasize on developing new generation HD micro-display chips for enhancing product offering.

Pico Projector Market Segmentation

Grand View Research has segmented global pico projector market based on technology, product, compatibility, application, and region:

Pico Projector Technology Outlook (Revenue, USD Million; 2018 - 2030)

• Digital Light Processing

• Liquid Crystal on Silicon

• Laser Beam Steering

• Holographic Laser Projection

Pico Projector Product Outlook (Revenue, USD Million, 2018 - 2030)

• USB

• Embedded

• Media Player

• Stand-alone

Pico Projector Compatibility Outlook (Revenue, USD Million, 2018 - 2030)

• Laptop/Desktop

• Smartphones

• Digital Cameras

• Portable Media Players

• Others

Pico Projector Application Outlook (Revenue, USD Million, 2018 - 2030)

• Consumer Electronics

• Business and Education

• Others

Pico Projector Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • India

  • China

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Pico Projector Market

• AAXA TECHNOLOGIES INC.

• Acer Inc.

• Coretronic Corp.

• Koninklijke Philips N.V.

• Lenovo

• Miroir USA

• Samsung

• SYNDIANT

• Texas Instruments Incorporated