Compact and flexible nature, rapid advancements in technologies, and increased disposable income are expected to propel the growth of the global Pico projector market. By region, the market across Asia-Pacific held the largest share in 2017, contributing around one-third of the market. Several restrictions on manufacturing activities during the pandemic impacted the electronics industry, thereby hampering the global Pico projector negatively.
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According to the report published by Allied Market Research, the global Pico projector market generated $986.0 million in 2017 and is projected to reach $5.0 billion by 2023, registering a CAGR of 31.1% from 2017 to 2023. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
COVID-19 scenario:
· Several restrictions on manufacturing activities during the pandemic impacted the electronics industry, thereby hampering the global Pico projector negatively.
· Supply chain was disrupted due to import & export restrictions. Manufacturers faced shortage of labor and unavailability of raw materials.
· However, the market has already recovered in the post-pandemic.
The global Pico projector market is analyzed across technology, product, application, compatibility, and region.
On the basis of product, the market is bifurcated into embedded, non-embedded/standalone, and USB. The non-embedded/ standalone segment held the largest share in 2017, accounting for more than two-fifths of the revenue. However, the embedded segment is estimated to manifest the fastest CAGR of 32.7% from 2017 to 2023.
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Based on application, the market is categorized on the basis of consumer electronics, business & education, and others. The consumer electronics segment held the lion’s share in 2017, contributing nearly half of the market. However, the business & education segment is projected to register the fastest CAGR of 31.6% during the forecast period.
The global Pico projector market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2017, contributing around one-third of the market. However, the market across LAMEA is estimated to register the fastest CAGR of 33.5% during the forecast period.
The report provides an in-depth analysis of the major market players such as MicroVision, Inc, Texas Instruments, Inc., LG Electronics, Inc., Aaxa Technologies, Inc., Optoma Technology Corp., Lenovo Group Ltd., ZTE Corporation, Syndiant, Miroir USA, and Celluon, Inc.
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