Pico Projector Market Size & Analysis Report, 2022

The global pico projector market size is expected to grow with a CAGR of over 30% from 2015 to 2022. The growth can be attributed to increase in the variety of portable equipments such as tablets, cameras, mobile phones etc.

Pico projectors use a LED or a laser light as a source which efficiently illuminates any surface facilitating the user to use it as a screen, thus eliminating the need of lamp based projectors over the LED ones, making the electronic devices as well as products more attractive.

High application scope is expected to be a vital pico projector market driver. Apart from tablets, cameras and mobile phones, applications also include numerous sectors such as business & education, aerospace, automotive, defence, healthcare, consumer electronics, industrial and retail. Business & education and consumer electronics applications offer significant potential opportunities for industry participants. These two potential sectors collectively accounted the market share of over 47% in 2014; where as other applications may witness gains at over 40% from 2015 and 2022.
 
Attributes such as flexibility and light weight accompanied by the decrease in selling price are likely to drive industry demand. Large scale implementation in innovation driven markets such as cell phones, laptops, portable media players, and portable gaming devices is also likely to serve as a significant driver for pico projector market growth.

Arduous focus adjustment, safety issues with laser, low feature inclusion and low brightness serves as key challenges. Tenacious competition from flat panel displays is also one of the factors likely to hinder the market growth. The embodiment of pico projectors into consumer electronics such as head phones, image processing software etc are expected to intensify growth opportunities in the near future. 
Key technologies include DLP HVGA, Holographic laser projection, Color Filter LCoS (CF-LCoS), Syndicate’s Syl and Laser Beam Scanning (LBS), Laser Beam Steering (LBS), Liquid crystal on silicon (LCoS), Digital Light Processing (DLP) and Ferroelectric LCoS. Based on the components those are built-in such as optics and red laser diodes, high brightness LED (HbLED), Light Emitting Diode (LED), Lighting source.

Aerospace & defence, business & education, automotive, consumer electronics as well as healthcare are key pico projector market applications; with laser, standalone, embedded, multimedia and USB being prominent models in the industry.

Asia Pacific pico projector market is anticipated to witness high growth, owing to the rising demand in China, Taiwan, South Korea and India. North America and Europe are expected to witness moderate gains over the forecast period.

The major participants in the pico projector market include 3M, Light Blue Optics, bTendo, Aiptek, AAXA Technologies, Optoma, Acer, Greenlight Optics, Luminus Device, Toshiba, Opus Microsystems, Lemoptix,  Maradin, MicroVision, Micron Technology, Mezmeriz, Syndiant, Texas Instruments, and  Samsung.