Global Portable Projector Market Size, Share, Growth Analysis, By Technology(Digital Light Processing (DLP), Liquid Crystal on Silicon (LCoS)), By Application(Business, Education) - Industry Forecast 2024-2031

Portable Projector Market size was valued at USD 1.57 billion in 2019 and is poised to grow from USD 1.69 billion in 2023 to USD 3.2 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).

Portable projectors are also known as mobile projectors or small projectors due to their portability. These projectors utilise hardware and software that has been scaled down to a tiny size in order to project digital images onto a nearby display or viewing surface. The marketability of portable projectors is enhanced by their ease of setup and portability. Companies involved in the production of portable projectors are now concentrating on clearer image quality by removing various artefacts from the projector's display, which will produce more accurate results. The portable projector market is expected to enjoy higher sales thanks to this improvement. Today, portable projectors are used across numerous sectors such as consumer electronics, business, education, and others.

The rapid expansion of the portable projector market is attributable to the quick digitalization in the education industry. Governments from many nations around the globe make significant investments to familiarise the education sector with cutting-edge technology-based equipment. The widespread use of cutting-edge learning techniques, such as distance learning, smart learning, mobile learning, and electronic learning, would probably support the adoption of portable projectors, with the market for these devices experiencing significant growth due to continuous technological advancement. The rapidly expanding demand for handheld projectors for home entertainment is anticipated to fuel the expansion of the portable projector market in the coming year. Additionally, the fierce competition in the market for portable projectors encourages sellers to lower the price of these products dramatically in order to appeal to a larger audience. Thus, there would be profitable prospects for the portable projector market to expand as a result of the significantly increasing demand and cost reduction.

US Portable Projector Market  is poised to grow at a sustainable CAGR for the next forecast year.