Portable Projector Market worth $2.1 billion in 2029

The global portable projector market size is projected to reach USD 2.1 billion in 2029 from USD 1.7 billion by 2024, with a CAGR of 4.4% according to a new report by MarketsandMarkets™. Key factors propelling the market growth include the rapid technological advancements and increased demand in educational and business sectors. Moreover, the increase in demand in entertainment sector mainly due to the expansion of the gaming industry and consumer electronics are expected to create significant opportunities for the portable projector market.

DLP Technology is poised to experience the highest growth rate (CAGR) in portable projector market. DLP technology offers high contrast ratio, compact size and portability, superior color accuracy and durability compared with other technologies. DLP technology enables portable projectors to achieve high brightness. This makes DLP portable projectors suitable for a wide range of applications, from business presentations, home entertainment, healthcare and medical & education. The combination of these factors has helped to boost the popularity of DLP projectors in the portable projector market, allowing them to grow at a higher CAGR.

3D is expected to hold a significant growth rate during the forecast period. This growth is due to their ability to create immersive and engaging viewing experiences, advancements in 3D technology and increasing availability of 3D content. The increasing adoption of 3D projection in presentations, gaming and education further boosts the growth of the market. These factors combined are contributing to the rising popularity of 3D portable projectors, giving them greater market potential in the future.

In projected image size <50 inches is anticipated to hold a significant market share during the forecast period. These small projectors are ideal for personal use, including home entertainment, gaming and presentations. Its portability makes it easy for users to install it in various environments including small rooms, outdoor settings, and during travel. As consumers demand simpler and more convenient entertainment solutions, the demand for portable projectors with an image size under 50 inches will grow, further solidifying their position in the market.

Portable projectors with lumen range of 500-3000 lm are expected to hold a significant market share during the forecast period. This range provides a balance between brightness and portability, making it suitable for a wide variety of applications like home entertainment, business presentations, classrooms, gaming, small conference rooms and outdoor viewing.