The projection module is a vital component of any pico projector. The advancement in technology has led to the development of better projection modules and light sources. Thus, projection modules have become compact and employ light sources, such as LED which offer more brightness per watt. Technological advancement have further led to a reduction in the size of pico projectors as well as their power consumption. Hence, even pocket-size pico projectors have entered the market and the integration of pico projectors into consumer electronics, such as tablet and mobile devices is the prevailing trend in the market.

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The pico projector market has also witnessed the introduction of some add-on devices, which could be combined with smartphones and similar devices to enable them to work as pico projector.

For instance, Moto Insta-Share projector is exclusively designed for Moto Z smartphones, while MobileCinema i60 from Global Aiptek Corporation (Taiwan) is a highly compatible compact projector for Apple iPhone 6 and iPhone 6s. Moreover, MobileCinema i60 is also compatible with other HDMI-supported devices. In September 2015, Lenovo Group Ltd. (China) had also launched the Lenovo Yoga Tab 3 Pro (a 10.1 inch tablet) with a pico projector of 50 Lumen, which is able to project a 60 inch picture diagonally.

• In October 2016, AAXA Technologies Inc. has launched HD pico projector with 720P native resolution. It is a cube-shaped pico projector having the weight of 0.37 pound. It is based on LCOS technology which can deliver the image up to 80-inch screen size diagonally. Thus, the company has strengthened its product portfolio with this tiny cube-shaped pico projector.
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• LG Electronics Inc. launched PH450U portable pico projector in IFA 2016, Berlin trade show. It is a DLP-based pico projector with 450-lumen brightness. It supports wireless connection via Bluetooth or Wi-Fi through Miracast. With the launch of PH450U, the company expands its Minibeam series of portable projectors