Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Portable Projector Market Size is Expected to Grow from USD 1.72 Billion in 2023 to USD 3.14 Billion by 2033, at a CAGR of 6.20% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Portable Projector Market Size, Share, and COVID-19 Impact Analysis, By Technology (Digital Light Processing (DLP), Liquid Crystal on Silicon (LCoS), Laser Beam Steering, and Holographic Laser Projection), By Application (Business, Education, Consumer Electronic, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
A portable projector is sometimes referred to as a handheld, pico, pocket, or mobile projectors used to project images onto portable devices. These projectors are also known as pocket or handheld projectors since they can be built into portable electronics like laptops, cellphones, tablets, and cameras. To grow their projection business, companies such as LG Electronics, Seiko Epson Corporation, and Canon Inc. are incorporating new functions into projectors for use by educators and students. The declining average selling price is creating lucrative market opportunities in the entertainment industry in addition to the education sector. Further, the use of AI for improved user experience and broadening applications are driving market growth opportunities. The digital transformation in the education sector which includes the integration of advanced technologies for delivering dynamic content and government support is driving the market growth. On the contrary, the technological constraints of DLP projectors including pixelation in projected images and the rainbow effect that causes visual discomfort are the factors challenging the portable projector market.
The digital light processing (DLP) segment is anticipated to dominate the market through the forecast period.
Based on the technology, the portable projector market is classified into digital light processing (DLP), liquid crystal on silicon (LCoS), laser beam steering, and holographic laser projection. Among these, the digital light processing (DLP) segment is anticipated to dominate the market through the forecast period. Data projection technology is used by digital light processing (DLP) projectors to create clear, readable images on displays in well-lit spaces. It is a brand-new, ground-breaking method of information projection and display. The growing demand for digital screens in the entertainment and education sectors is driving the market in the digital light processing (DLP) segment.
The consumer electronics segment is anticipated to grow at the fastest CAGR growth during the forecast period.
Based on the application, the global portable projector market is divided into business, education, consumer electronic, and others. Among these, the consumer electronics segment is anticipated to grow at the fastest CAGR growth during the forecast period. A portable projector is used in consumer electronics for entertainment, business, and education purposes. The consumer's increasing preference for lightweight and compact electronic devices and individualized home theatre settings is driving the market demand in the consumer electronics segment.
North America is projected to hold the largest share of the global portable projector market over the forecast period.
North America is projected to hold the largest share of the global portable projector market over the forecast period. A study conducted by the US Bureau of Labor Statistics projects that between 2020 and 2030, the number of positions in business and financial activities will increase by 8%, creating around 750,800 new jobs. This leads to the demand for portable presentation tools driving the market growth. The enormous demand for consumer electronics and the introduction of innovative technologies especially in the education sector are responsible for driving the market growth. Further, the growing popularity of home theatres and outdoor movie nights is propelling the market demand for portable projectors.
Asia Pacific is predicted to grow at the fastest CAGR in the portable projector market over the forecast period. The adoption of portable projectors is anticipated to be driven by the initiatives taken by governments in several Asian nations, such as China, India, Japan, and Australia, to incorporate cutting-edge technologies and innovative educational materials into their educational cultures. The growing demand for portable projectors owing to their convenience and versatility provided in entertainment, education, and business solutions is driving the market growth.
Competitive Analysis
Major key players in the portable projector market include AAXA Technologies Inc., Acer Inc., Anker Innovations Limited, Asustek Computer Inc., BenQ Corporation, Epson America Inc., LG Electronics Inc., Optoma Corporation, Philips International B.V., RIF6, LLC, Seiko Epson Corporation, Sony Corporation, VANKYO Technology Co., Ltd., ViewSonic Corporation, Xiaomi Corporation, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global portable projector market based on the below-mentioned segments:
Global Portable Projector Market, By Technology
Global Portable Projector Market, By Application
Global Portable Projector Market, Regional Analysis
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