According to the report analysis, ‘Pico Projector Market: Market Segments: By Product Type (USB Projector, Embedded Projector, Laser Projector, Media player Projector and Standalone); By Technology (Liquid Crystal on Silicon, Laser Beam Steering, Holographic Laser Projection and Digital Light Processing); By Component (MEMS, Batteries, Light Source, Optics and Others); By Application (Aerospace and Defense, Healthcare, Automotive, Consumer Electronics and Others) and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030’ states that the growth of the market for portable projectors is projected to rise owing to digitalization in the education segment and the improvement of technology in portable projectors. In addition, noteworthy investment in the introduction of state-of-the-art technology-based devices in the education segment is propelled to fuel market growth. Strong economic growth coupled with increasing consumer disposable income can catalyze adoption, predominantly in consumer electronics and automobiles. Augmented adoption of smart devices and the appearance of the Internet of Things (IoT) may propel requirements over the next few years. Besides, the market is projected to gain traction owing to expanding applications and an increase in requirements for mobility across all segments.
In addition, the Portable projectors have built-in speakers and batteries and deliver a high resolution for healthier picture quality. Such devices are informal to carry and can effortlessly fit in pockets. Portable projectors are accessible at a reasonable price, making them an economically practical option for home entertainment determinations. They are majorly purchased on the basis of their transferability, convenience, and budget characteristics. Corporates now also offer high-quality 2D and 3D portable projectors that introduce less heat and devour low power. These features are probable to accelerate the sale of such devices during the coming years.
With the developments in technology, portable projectors are no lengthier devices with poor quality and unusual properties, complex, oversized, and problematic to usage which is propelling the growth of the worldwide market. They are lightweight and propose ease of usage for business, educational, and entertainment applications. Modern portable projectors can be linked to the internet and are prepared with memory devices to store pertinent data. In addition, portable projectors come with opportune USB, HDMI, and MHL ports with the support of which information can be effortlessly accessed and the device can be associated with laptops, smartphones, and tablets. Therefore, in the near years, it is predicted that the market of pico projector will increase around the globe more effectively over the upcoming years.
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Ankur Gupta, Head Marketing & Communications