In a new market research report by MarketsandMarkets, the pico projector market is estimated to reach $9.32B by 2020, growing at a rate of 39.82% from 2014 to 2020.
The market is growing steadily due to increased demand for these products, the implementation we’ve seen in the past year in tablets and smartphones are driving growth, including new products from the usual AAXA, 3M, etc.
Another area of the market that pico projectors have found themselves in is aerospace, defense, automotive (Heads-Up Displays), business, education, healthcare, and even retail.
The major constraints right now on the pico projector market are a few things, brightness and safety, safety being mainly concerned with laser-based projectors.
We’re excited for the market to grow even more, we’ll always be here to bring you the latest in pico projector news.