Pico Projectors Market – Global Industry Share, Size, Growth, Demands, Revenue, Top Leaders and Forecast by 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Pico Projectors Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Pico Projectors Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Pico Projectors Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Pico projectors enable to project content from mobile or other electronic devices onto projection screens, walls or notebooks. Technological advancements in the field of education and increasing adoption of smart devices along with use of IoT and AI technologies are the major drivers for the market growth of Global Pico Projectors Market. Escalation in the use of Smart devices coupled with greater convenience when used with portable electronic devices is expected to increase demand in 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. Due to Covid-19 Pandemic, educational Institute as well as business presentations are operating online which has decreased the use of Pico projectors. This factor has adversely affected the demand of Pico projectors. However, Pico projectors are easy to maintain as compared to traditional chalk and board education method, which increase their usability. Pico projectors are convenient to connect new smartphones and tablets by various ways USB, HDMI, Wi-Fi or Bluetooth which supports the market growth. Even so, higher cost, low battery backup and the laser beams dispersion from the projector appears to be a concern regarding health issues and safety for consumers are the major restraining factors which impede the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Pico Projectors market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world due to ample availability of requisite material as well as increase acceptance of technologies. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as emerging startups and the increase in demand by youngsters for handy gadgets would create lucrative growth prospects for the Pico Projectors market across Asia-Pacific region.

Major market player included in this report are:
Texas Instruments Incorporated (US)
MicroVision, 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)
Miroir USA (US)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Digital Light Processing (DLP)
Liquid Crystal on Silicon (LCoS)
Laser Beam Steering (LBS)

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By Application:
Consumer Electronics
Business & Education

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Pico Projectors Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & forecasts, 2018-2027 (USD Billion)
1.2.1. Pico Projectors Market, by Region, 2018-2027 (USD Billion)
1.2.2. Pico Projectors Market, by Technology, 2018-2027 (USD Billion)
1.2.3. Pico Projectors Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Pico Projectors Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Pico Projectors Market Dynamics
3.1. Pico Projectors Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Pico Projectors Market: Industry Analysis
4.1. Porter’s 5 force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model

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