The pico projector market in Europe is expected to continue to grow steadily in the coming years, according to newly published research.

A study by Research and Markets suggested that the expanding industry was valued $342.8 million (£218.7 million) in 2014.

The pico projector market was forecast to increase by a compound annual growth rate of 37 per cent between 2014 and 2019.

Pico projectors allow users to display images and videos off a portable device onto walls or other surfaces. They are typically very light and miniature in size, making them portable.

In the report, entitled 'Europe Pico Projector Market by Product, by Application, by Geography - Analysis & Forecast to 2019', Research and Markets noted that the embedded segment of the European pico projector market is currently contributing 35 per cent of the sector.

Camera, laptops, tablets and smartphones are increasingly incorporating pico projectors and this section of the market is expected to continue to grow fast in the next few years.

"The application area for pico projector include aerospace & defence, automotive, business & education consumer electronics, industrial, healthcare, and retail," said the report.

Standalone pico projectors are also becoming more popular and these types of products are expected to continue to sell well in the coming years.