Media Player Pico Projector Market is segmented by Type (1080p, 720p, 576p, 480p and Other), by Application (Household and Commercial), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Market Definition / Research Scope
A pico projector is a small device intended to project content from cell phones, cameras, tablets, notebooks, or storage devices onto dividers or other level surfaces. Pico projectors are called pocket, handheld, or mobile projectors, and that they take an assortment of configurations that work in different manners. What every one of them shares is that they are minimized and intended to require the spot of usual, massive projectors for introductions and media see. For intuitive presentations, a pico projector can empower the control of a personal computer, working related to a laser pointer, a webcam, and an image processing application.
Media Player Pico Projector Market shall reach a value of $2x61.4 Million in 2032, growing with a CAGR of 12.13% during the forecast period of 2022 to 2032.
Media Player Pico Projector Market Growth and Trends
Flexible and compact in nature
Compared to traditional business projectors, which are considered bulky and heavy, Pico projectors are very light and small. Moreover, they are flexible in nature and can be connected to a number of devices such as DVD players, Laptops, PCs, gaming stations, and cell phones. The user can therefore easily carry them. The pre-sales person or the salesperson can carry a pico projector easily and give a presentation or demonstration on-site. These advantages fueled the growth of the pico projector market.
Market growth is hindered by the poor brightness of projectors. In comparison with business projectors, which are rated at 1,000-1,200 lumens, pico projectors fall into the brightness range of 10 to 1,000 lumens, making the need for a dark room necessary to comprehend the image clearly. In turn, this limits the growth of the pico projector market.
Consumer Electronics Demand Rises
Consumer electronics are in high demand, especially in developing countries like India and China. A growing middle class, rising disposable incomes, and progressive government reforms all contribute to the demand for consumer electronics. In addition, applications of pico projectors in consumer electronics are expected to increase rapidly during the forecast period. Pico projectors will be adopted to a much higher level in the future due to the emergence of such applications. It is expected that the number of smartphones and tablets will increase in the upcoming years, which will allow the market to grow.
Low-end models face operational challenges
The operation of portable projectors may be challenging, such as the rainbow effect and light leakage. Low-end models tend to have these issues. If a fast-moving image is observed, or if a viewers eye is rapidly moving while viewing an image, the rainbow effect can occur. The rainbow effect may also cause headaches to the viewer. Along with the rainbow effect, light leakage can create a gray bar on the projected image and spoil it. Portable projector market growth is hindered by these factors.
By 2032, portable projectors will be dominated by the DLP segment
The main reason why manufacturers use portable projectors with DLP technology is because of its advantages over portable projectors based on LCD or LCoS technologies, such as a higher native contrast and a compact size. With DLP projectors, you receive a bright, colorful, clear image with good contrast.
In 2022, the portable projector market will be dominated by consumer electronics.
As end users increasingly prefer lightweight and compact electronic products, portable projectors will benefit from the growing trend toward creating a personalized entertainment hub where they can watch films, games, sports, music, and any other streaming content all from their smartphones, tablets, and laptops.
On the pico projector market, several key players are investing in product innovation and acquiring other players. A few of the major players in the market are Philips N.V., Sony Corporation, and LG Electronics Inc. Phillips launched two new DLP projectors, the PicoPix Nano and PicoPix Micro, in June. Featuring brighter colors and higher lumens, these are the smallest projectors ever. Miroir USA released SYNQ, its newest portable home projector featuring plug and play functionality with streaming devices, including Amazon Fire Stick, Apple TV, Google Chromecast, and Roku.
Media Player Pico Projector Market Regional Analysis
The media player pico projector market is expected to gain an upper-hand in the market with key players like Aaxa Tech, LG Electronics, and Lenovo Group functioning globally. The Middle East and Africa are expected to dominate the market with prominent players adapting product launch and product enhancement strategies. Rising demand for consumer electronics and advancement in technology is estimated to drive the market growth in the North American region. The Asia Pacific region is expected to increase its growth rate in the market with an increase in disposable income of people and developments in the middle class and progressive government reforms. Europe is expected to witness a hasty growth in the market with increased penetration of smart-phones and tablets in the region.
Media Player Pico Projector Market Share and Competition
Key companies operating in this industry are: Aaxa Technologies, Philips, Acer, Microvision, Sony, Canon, ASUS, Toshiba, 3M, Brookstone, Samsung, Optoma Technology, LG, BenQ, OPUS Microsystems and Aiptek International.
Media Player Pico Projector Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2032)
Application Analysis (Revenue, USD Million, 2022 - 2032)
Region Analysis (Revenue, USD Million, 2022 - 2032)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Media Player Pico Projector Market Companies
• Aaxa Technologies
• Optoma Technology
• OPUS Microsystems
• Aiptek International
United States Media Player Pico Projector Market Research Report
Europe Media Player Pico Projector Market Research Report
Asia Pacific Media Player Pico Projector Market Research Report
India Media Player Pico Projector Market Research Report
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