Pico projectors modify to project content from mobile or alterative electronic devices onto projection screens, walls or notebooks. They are conjointly referred to as pocket projector, handheld projector, mobile projector, or mini beamer is an image projector used to project image through a handheld device. These projectors are inbuilt in numerous devices like mobile phones, tablets, and cameras, that makes them popular as pocket or Pico projectors. These are miniature video, image, or personal digital assistance (PDAs) projectors, which could be employed in different applications where there is desire of projecting information on larger screens. Pico projectors have the ability to project content from mobile and alternative electronic devices onto a wall, notebook, or portable projection screens.
The report analysis of,’ Global Pico Projectors Market to reach USD XX billion by 2027.’ Global Pico Projector Marketplace is growing within the presence of major firms holding a large market share. Key market players within the market of Global Pico Projectors Market include Texas Instruments Incorporated (US), Micro Vision, Inc. (US), AAXA Technologies Inc., (US), LG Electronics Inc. (South Korea), Lenovo Group Limited (China), Optoma Technology Inc. (US), Syndiant (US), ZTE Corporation (China), Celluon Inc., (US) and Miroir USA (US).
Escalation within the use of Smart devices together with greater convenience once used with portable electronic devices is anticipated to rise demand within the market. For Instance: As per Oberlo Statistics in 2020, the current smartphone penetration rate in estimated to be 45.6% which means more than 4 persons out of every 10 own a mobile phone. Rising number of startups with acceptance of new technologies including Pico projectors as they are portable and could be easily carried for business and educational presentations by sales professionals who travel frequently. This enhance the market growth drastically. For Instance: As per Forbes in 2019, 20% increase in the number of startups is noticed as compared to last two years which escalates the Global Pico Market growth indirectly.
The regional analysis of global Pico Projectors market is accounted for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading region across the globe owing to ample availability of requisite material also with increased acceptance of technologies. While, Asia-Pacific is additionally predicted to exhibit highest growth rate over the forecast amount 2020-2027. Factors like emerging start-ups and the rise in demand by youngsters for handy gadgets would create moneymaking expansion prospects for the Pico Projectors market around Asia-Pacific region.
Moreover, smartphone proliferation along with high convenience when integrated with portable electronic devices is anticipated to increase 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 calculated to propel industry expansion. USB Pico projector industry is calculated to exhibit rapid expansion throughout the coming years due to a rising demand across several application areas including aerospace & defense, automotive, business & education, consumer electronics, and healthcare. Thus, it is anticipated that the market of Global Pico Projectors Market will boost up over the forecast amount.
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Ankur Gupta, Head Marketing & Communications