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Pico projectors market size to grow by USD 1,514.65 million from 2022 to 2027, High adoption of embedded pico projectors to be a key trend - Technavio
[March 21, 2023]

Pico projectors market size to grow by USD 1,514.65 million from 2022 to 2027, High adoption of embedded pico projectors to be a key trend - Technavio


NEW YORK, March 21, 2023 /PRNewswire/ -- The global pico projectors market size is estimated to grow by USD 1,514.65 million from 2022 to 2027, according to Technavio. The market is expected to grow at a CAGR of 10.67% during the forecast period. Moreover, the growth momentum will accelerate. The high adoption of embedded pico projectors is a key trend in the market. The demand for small-sized flexible devices is growing. These projectors are integrated into devices such as smartphones. Moreover, with the advent of augmented reality and IoT, embedded pico projectors have become important in electronic devices. These factors will support the growth of the market during the forecast period. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

Pico projectors market - Segmentation assessment
Segment overview
Technavio has segmented the market based on type (embedded and standalone) and technology (DLP, LCOS, and LBS). 

  • The embedded segment will account for a significant share of the market growth during the forecast period. Embedded pico projectors work as an alternate display when added to portable devices such as smartphones, cameras, gaming devices, and laptops. Technological advances in communication devices and consumer electronics have improved imaging performance, which is driving the growth of this segment. Embedded pico projectors are also used in wearable and gaming devices. These factors will drive the growth of this segment during the forecast period.

Geography Overview
Based on geography, the global pico projectors market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global pico projectors market.

  • North America is estimated to account for 45% of the growth of the global market during the forecast period. The sales of pico projectors are high in the region owing to the increasing adoption of LCOS technology. The high spending in the education sector, the demand from smartphone manufacturers, and the demand for portable and durable low-cost projection systems are increasing the demand for pico projectors in North America. In addition, there are several well-established vendors in the region, which further supports the growth of the market in the region.

Insights on the market contribution of various segments, including country- and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a sample report

Pico projectors market – Vendor analysis

The report also includes a detailed analysis of key market vendors, including AAXA Technologies Inc., Acer Inc., Akaso, ASUSTeK Computer Inc., B and H Foto and Electronics Corp., Canon Inc., Coretronic Corp., Eastman Kodak Co, Koninklijke Philips NV, Lenovo Group Ltd., Magnasonic, MicroVision Inc., Qisda Corp, Ricoh Co. Ltd., Sony Group Corp., Syndiant, Texas Instruments Inc., ViewSonic Corp., LG Electronics Inc., and Samsung Electronics Co. Ltd.

What's New?

  • Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
  • Global competitiveness and key competitor positions 
  • Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

Pico projectors market – Market dynamics
Key factor driving market growth

  • The increasing integration of pico projectors in smartphones is driving the market growth.
  • Pico projectors are integrated into various devices, such as smartphones.
  • Many vendors have launched pico projectors with innovative technologies.
  • For instance, Canon Inc. has launched the MP250 wireless mini projector with smartphone mirroring technology, with a built-in rechargeable battery and HDMI interface.
  • Therefore, the launch of such projectors will contribute to the growth of the market during the forecast period.

Major challenges hindering the market growth

  • Low brightness and limited features of pico projectors are challenging the market growth.
  • Pico projectors are small and have limited light-emitting technology, and most of them are embedded in devices.
  • Moreover, it is challenging to provide high power backups to support these devices, which leads to low brightness.
  • In addition, pico projectors lack features such as contrast, focus, and brightness adjustment.
  • These factors may decrease the demand for pico projectors during the forecast period.

Insights on market drivers & challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) - Request a sample report!

What are the key data covered in this pico projectors market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the pico projectors market between 2023 and 2027
  • Precise estimation of the size of the pico projectors market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the pico projectors market across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of pico projectors market vendors

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Pico Projectors Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.67%

Market growth 2023-2027

USD 1,514.65 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.0

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 45%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

AAXA Technologies Inc., Acer Inc., Akaso, ASUSTeK Computer Inc., B and H Foto and Electronics Corp., Canon Inc., Coretronic Corp., Eastman Kodak Co, Koninklijke Philips NV, Lenovo Group Ltd., Magnasonic, MicroVision Inc., Qisda Corp, Ricoh Co. Ltd., Sony Group Corp., Syndiant, Texas Instruments Inc., ViewSonic Corp., LG Electronics Inc., and Samsung Electronics Co. Ltd.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


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Table of contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global pico projectors market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global pico projectors market 2017 - 2021 ($ million)
  • 4.2 Type Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
  • 4.3 Technology Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

  • 6.1 Market segments
    • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
  • 6.2 Comparison by Type
    • Exhibit 32: Chart on Comparison by Type
    • Exhibit 33: Data Table on Comparison by Type
  • 6.3 Embedded - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Embedded - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Embedded - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Embedded - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Embedded - Year-over-year growth 2022-2027 (%)
  • 6.4 Standalone - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Standalone - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Standalone - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Standalone - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Standalone - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Type 
    • Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Technology

  • 7.1 Market segments
    • Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)
  • 7.2 Comparison by Technology 
    • Exhibit 45: Chart on Comparison by Technology
    • Exhibit 46: Data Table on Comparison by Technology
  • 7.3 DLP - Market size and forecast 2022-2027 
    • Exhibit 47: Chart on DLP - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Data Table on DLP - Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Chart on DLP - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on DLP - Year-over-year growth 2022-2027 (%)
  • 7.4 LCOS - Market size and forecast 2022-2027 
    • Exhibit 51: Chart on LCOS - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on LCOS - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on LCOS - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on LCOS - Year-over-year growth 2022-2027 (%)
  • 7.5 LBS - Market size and forecast 2022-2027 
    • Exhibit 55: Chart on LBS - Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on LBS - Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on LBS - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on LBS - Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by Technology 
    • Exhibit 59: Market opportunity by Technology ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 63: Chart on Geographic comparison
    • Exhibit 64: Data Table on Geographic comparison
  • 9.3 North America - Market size and forecast 2022-2027 
    • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.4 APAC - Market size and forecast 2022-2027 
    • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.5 Europe - Market size and forecast 2022-2027 
    • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 Germany - Market size and forecast 2022-2027 
    • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.11 UK - Market size and forecast 2022-2027 
    • Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.12 Japan - Market size and forecast 2022-2027 
    • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 108: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 109: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 110: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 111: Matrix on vendor position and classification
  • 12.3 AAXA Technologies Inc. 
    • Exhibit 112: AAXA Technologies Inc. - Overview
    • Exhibit 113: AAXA Technologies Inc. - Product / Service
    • Exhibit 114: AAXA Technologies Inc. - Key offerings
  • 12.4 Acer Inc.
    • Exhibit 115: Acer Inc. - Overview
    • Exhibit 116: Acer Inc. - Business segments
    • Exhibit 117: Acer Inc. - Key news
    • Exhibit 118: Acer Inc. - Key offerings
    • Exhibit 119: Acer Inc. - Segment focus
  • 12.5 Akaso
    • Exhibit 120: Akaso - Overview
    • Exhibit 121: Akaso - Product / Service
    • Exhibit 122: Akaso - Key offerings
  • 12.6 ASUSTeK Computer Inc. 
    • Exhibit 123: ASUSTeK Computer Inc. - Overview
    • Exhibit 124: ASUSTeK Computer Inc. - Product / Service
    • Exhibit 125: ASUSTeK Computer Inc. - Key news
    • Exhibit 126: ASUSTeK Computer Inc. - Key offerings
  • 12.7 B and H Foto and Electronics Corp. 
    • Exhibit 127: B and H Foto and Electronics Corp. - Overview
    • Exhibit 128: B and H Foto and Electronics Corp. - Product / Service
    • Exhibit 129: B and H Foto and Electronics Corp. - Key offerings
  • 12.8 Canon Inc.
    • Exhibit 130: Canon Inc. - Overview
    • Exhibit 131: Canon Inc. - Business segments
    • Exhibit 132: Canon Inc. - Key offerings
    • Exhibit 133: Canon Inc. - Segment focus
  • 12.9 Eastman Kodak Co
    • Exhibit 134: Eastman Kodak Co - Overview
    • Exhibit 135: Eastman Kodak Co - Business segments
    • Exhibit 136: Eastman Kodak Co - Key news
    • Exhibit 137: Eastman Kodak Co - Key offerings
    • Exhibit 138: Eastman Kodak Co - Segment focus
  • 12.10 Koninklijke Philips NV 
    • Exhibit 139: Koninklijke Philips NV - Overview
    • Exhibit 140: Koninklijke Philips NV - Business segments
    • Exhibit 141: Koninklijke Philips NV - Key news
    • Exhibit 142: Koninklijke Philips NV - Key offerings
    • Exhibit 143: Koninklijke Philips NV - Segment focus
  • 12.11 Magnasonic
    • Exhibit 144: Magnasonic - Overview
    • Exhibit 145: Magnasonic - Product / Service
    • Exhibit 146: Magnasonic - Key offerings
  • 12.12 MicroVision Inc.
    • Exhibit 147: MicroVision Inc. - Overview
    • Exhibit 148: MicroVision Inc. - Product / Service
    • Exhibit 149: MicroVision Inc. - Key offerings
  • 12.13 Ricoh Co. Ltd.
    • Exhibit 150: Ricoh Co. Ltd. - Overview
    • Exhibit 151: Ricoh Co. Ltd. - Business segments
    • Exhibit 152: Ricoh Co. Ltd. - Key offerings
    • Exhibit 153: Ricoh Co. Ltd. - Segment focus
  • 12.14 Samsung Electronics Co. Ltd. 
    • Exhibit 154: Samsung Electronics Co. Ltd. - Overview
    • Exhibit 155: Samsung Electronics Co. Ltd. - Business segments
    • Exhibit 156: Samsung Electronics Co. Ltd. - Key news
    • Exhibit 157: Samsung Electronics Co. Ltd. - Key offerings
    • Exhibit 158: Samsung Electronics Co. Ltd. - Segment focus
  • 12.15 Sony Group Corp.
    • Exhibit 159: Sony Group Corp. - Overview
    • Exhibit 160: Sony Group Corp. - Business segments
    • Exhibit 161: Sony Group Corp. - Key news
    • Exhibit 162: Sony Group Corp. - Key offerings
    • Exhibit 163: Sony Group Corp. - Segment focus
  • 12.16 Syndiant
    • Exhibit 164: Syndiant - Overview
    • Exhibit 165: Syndiant - Product / Service
    • Exhibit 166: Syndiant - Key offerings
  • 12.17 Texas Instruments Inc. 
    • Exhibit 167: Texas Instruments Inc. - Overview
    • Exhibit 168: Texas Instruments Inc. - Business segments
    • Exhibit 169: Texas Instruments Inc. - Key news
    • Exhibit 170: Texas Instruments Inc. - Key offerings
    • Exhibit 171: Texas Instruments Inc. - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 172: Inclusions checklist
    • Exhibit 173: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 174: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 175: Research methodology
    • Exhibit 176: Validation techniques employed for market sizing
    • Exhibit 177: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 178: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

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