DUBLIN--(BUSINESS WIRE )--The "Pico Projectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global pico projectors market reached a value of US$ 3.2 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 5.3 Billion by 2027, exhibiting a CAGR of 8.77% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A pico projector, also known as mobile, handheld or pocket projector, is a compact hardware device that is used to project visual content from a smartphone, tablet, camera or a memory device. It is primarily used to display videos and photos for portable entertainment as well as to present charts and slides for educational and business purposes.

Certain stand-alone projector models connect to another device using a USB, HDMI or other cables, while some models are embedded in mobile devices and digital cameras. For an enhanced interactive experience, pico projectors can also be connected to an image processing application, laser pointer and a webcam.

The growing need for handy and portable electronic devices, along with increasing adoption of the Digital Light Processing (DLP) technology, is the key factor driving the growth of the market. DLP projectors use a variety of light sources, such as high-powered LEDs and lasers, to effectively project content onto a screen. These projectors can produce high-quality images, which is positively impacting the demand for the product.

Furthermore, pico projectors are being extensively used in the automotive sector for image projection systems in vehicles. Additionally, the integration of pico projectors in smartphones and consumer electronics is another factor catalyzing the market growth.

Devices such as digital cameras, camcorders, digital photo frames, laptops, wearables and portable gaming devices use pico projector to keep up with the diversified and ever-changing consumer demands. Moreover, various product innovations such as Wi-Fi and 3G/4G compatibility, coupled with rising disposable incomes of consumers across the globe, are further favoring the growth of the market.

Key Questions Answered in This Report:

5.5 Market Breakup by Product Type

5.7.2 Market Breakup by Power Source

7 Market Breakup by Product Type

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900