DLP Projector Market Size
| Study Period | 2018 - 2028 |
| Market Size (2023) | USD 5.42 Billion |
| Market Size (2028) | USD 7.69 Billion |
| CAGR (2023 - 2028) | 7.24 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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DLP Projector Market Analysis
The Digital Light Processing (DLP) Projector Market size is estimated at USD 5.42 billion in 2023, and is expected to reach USD 7.69 billion by 2028, growing at a CAGR of 7.24% during the forecast period (2023-2028).
Digital light processing (DLP) projectors use a display device that includes optical microelectromechanical technology using a digital micromirror device.
- Digital light processing (DLP) projector uses data projection technology that produces readable, clear images on screens in lit rooms. It is a display device that uses digital micromirrors on optical micro-electro-mechanical technology. DLP is a new, revolutionary way to display and project information. The key factors driving DLP projector demand are advantageous features such as durability, high contrast, reliability, reduced pixilation, and portability.
- The market for projectors is predicted to grow as digital screens become more prevalent in the entertainment industry. The transition from analog to digital screens is anticipated to play a significant role in the expansion of the projector market. As more movies are released each year, the projector market is also anticipated to grow.
- The digital transformation in the education sector benefits teachers, students, and other participants in the learning process. With these changes, accessibility and engagement will be improved through attractive, engaging learning. As a result, online education has become more accessible, comprehensive, and inclusive.
- Due to qualities like high contrast, dependability, reduced pixilation, durability, and portability, these projectors are becoming more and more popular on the market. On the other hand, high costs and a lack of knowledge might in the future hinder the global DLP projector market.
- The COVID-19 outbreak had a significant impact on the growth of the DLP projector market. The rise in demand for homes, education, and business solutions in the household and commercial sectors became one of the major factors propelling the market's growth.
DLP Projector Market Trends
Increasing Demand of DLP Projector in the Entertainment Industry to Drive the Market
- The market for projectors is predicted to grow as digital screens become more prevalent in the entertainment industry. The current transition from analog screens to digital screens is anticipated to play a significant role in the expansion of the projector market. As more movies are released each year, it is also anticipated that the projector market will grow.
- Demand for DLP projectors is anticipated to rise as digital screens become more widely used in the film industry. DLP projectors are becoming more and more popular as analog screens are being replaced by digital screens. The number of movies released internationally has increased recently, further boosting the DLP projector market. In the upcoming years, DLP cinema is anticipated to expand even more. Additionally, DLP projectors with an ultra-short throw are used for small-space projections.
- Business applications are driving up demand for feature-rich DLP projectors with high brightness and interactive capabilities. DLP projectors are less complicated to repair and have fewer parts. The filter-free and sealed chip design of DLP projectors results in lower maintenance costs. Additionally, due to this distinctive design, DLP projectors are successful in preventing color decay. Around the world, 3D digital projection is still in its early stages.
- Due to the need for two synchronized projectors, conventional 3D projection technology is more expensive. Additionally, the markets for spectroscopes, holographic storage, and medical imaging offer opportunities for DLP projectors. When a user quickly looks away from the projected image or switches their gaze from one side of the screen to the other, the rainbow effect can occur.
- Many manufacturers, though, are eager to supply DLP projectors specifically to meet the demand in the entertainment industry. For instance, Optoma USA will release its most recent 4K DLP projector in May 2022 in an effort to increase home entertainment versatility. For screens or walls larger than 300 inches, the UHD55 promises low lag gaming, daylight cinematic viewing, and comparatively easy setup. With a maximum throw resolution of 3,480 x 2,160 pixels, the UHD55 gaming and home entertainment projector can handle displays with diagonal sizes ranging from 34.1 to 302.4 inches. The new Optoma UHD55 combines top-of-the-line features to satisfy the needs of home entertainment enthusiasts while delivering image quality, performance, and functionality.
Asia Pacific is Expected to Witness Significant Growth
- The Asia-Pacific digital light processing (DLP) projector market is projected to showcase significant growth during the projection period owing to the rise in digitalization in the education sector and the growing entertainment industry in the countries such as India, China, and Japan. In addition, the region is the home of leading vendors, including Sharp Corporation, BenQ Corporation, Vivitek, Panasonic Corporation, LG Electronics, and others in the market.
- The rising smart classrooms in the countries and growing focus on improving the education system drive the market growth in the region. For instance, in the last decade, the Pakistani government has been making efforts to improve educational infrastructure and the higher education system. According to the government, the ‘Smart Classroom’ project under the China-Pakistan Economic Corridor (CPEC) accelerated vigorously in the country. In May 2022, under the project, a total of 100 smart classrooms will be constructed across 50 public universities in 49 cities covering all the regions of Pakistan.
- Similarly, the Government of India is shifting from a traditional education system to smart classrooms. In August 2022, around 3,000 classrooms were planned to shift into digital classrooms integrated with projectors, laptops, screens, and integrators in the government schools of Telangana. Similarly, smart-class projects have been launched in various cities in India, including Ajmer, Uttarakhand, and others.
- In January 2023, the Uttarakhand government launched a smart classroom project set in government schools. The government aims to reach over 11,000 schools in the state. Also, in January 2023, Huawei Technologies Co. Ltd, a China-based DLP projector provider, launched a smart classroom 2.0 solution at the education forum. The solution is integrated with intelligent edge devices, and Wi-Fi 7 provides smart teaching practices through cloud-edge interaction.
- Such active efforts to promote smart classrooms will create demand for solutions such as DLP projectors in the coming years.
DLP Projector Industry Overview
The Digital Light Processing (DLP) Projector Market is fragmented with the presence of major players like Optoma, BenQ, BARCO, Acer, ViewSonic, XMIGI, Sharp, JMGO, NEC, Delta Electronics, Panasonic, InFocus, and JVC. Players in the market are adopting strategies such as partnerships, mergers, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- September 2022 - Optoma debuted two highly anticipated series at Infocomm 2022 in Mumbai, namely the All-in-One FHDS130 Solo LED and the WUXA Laser ZU920TST. These product lines include the Optoma ZU920T and ZU920TST dura core high brightness laser projectors and the Optoma FHDS130 solo LED display.
- September 2022 - Barco Technology Company signed an agreement of GBP 15 million (~USD 18.2 million) to provide projectors to the district, the Korean design company. As part of the deal, BARCO will provide G-series DLP projectors and hardware delivery of UDM and access to its Insights Management Suite for fleet management.
DLP Projector Market Leaders
Texas Instruments Inc.
Barco
Optoma Corporation (Coretronic Corp.)
Digital Projection Limited
NEC Corporation
*Disclaimer: Major Players sorted in no particular order
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DLP Projector Market News
- February 2023 - Digital Projection International received the coveted TNT (Top New Technologies) award from CE Pro magazine for its HIGHlite 4K UHD Reference Satellite Modular Light Source (MLS) projection system.
- January 2023 - Epson announced the launch of new projectors and visual solutions for professional displays, education, business, and life events. The company will showcase its latest projection solutions at ISE in Barcelona. The company will also showcase new short-throw, lamp-free laser displays designed specifically for business conference rooms, meeting spaces, and educational environments and ultra short-throw interactive, lamp-free laser displays promoting adaptable solutions for business spaces combined with collaboration and connectivity.
DLP Projector Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Degree of Competition
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the DLP Projector Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increment in the Demand of DLP Projector in the Entertainment Industry
5.1.2 Increasing Digitalization Process in the Education Sector
5.2 Market Restraints
5.2.1 High Cost and Lack of Knowledge
5.2.2 Stiff Competition from Other Projection Technologies such as LCD, LCOS
6. MARKET SEGMENTATION
6.1 By Light Source
6.1.1 Lamp
6.1.2 LED
6.1.3 Laser
6.2 By Chip Model
6.2.1 One Chip
6.2.2 Three Chip
6.3 By Throw Distance
6.3.1 Normal Throw
6.3.2 Short Throw
6.3.3 Ultra-Short Throw
6.4 By Application
6.4.1 Home Entertainment and Cinema
6.4.2 Business
6.4.3 Education and Government
6.4.4 Large Venues
6.4.5 Other Applications
6.5 By Geography
6.5.1 North America
6.5.2 Europe
6.5.3 Asia Pacific
6.5.4 Rest of the World
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Texas Instruments Inc.
7.1.2 Barco
7.1.3 Optoma Corporation (Coretronic Corp.)
7.1.4 Digital Projection Limited
7.1.5 NEC Corporation
7.1.6 Acer Inc.
7.1.7 ViewSonic Corporation
7.1.8 Delta Electronics Inc.
7.1.9 BenQ Corporation
7.1.10 Sharp Corporation
7.1.11 Vivitek (DELTA Electronics)
7.1.12 Panasonic Corporation
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
DLP Projector Industry Segmentation
Digital light processing is called DLP. Micro-electromechanical systems (MEMS) and digital micrometer devices (DMDs) are used in a DLP projector to produce reflective projections. The MEMS array of semiconductor-based digital light switches on the microchip controls the light source. Digital cinema projection typically utilizes DLP projectors.
The scope of the study includes the revenue accrued from DLP projectors that use several types of light sources, such as lamps, LEDs, and lasers. It uses chip models such as one chip or three chips. The study also analyzes the DLP projectors by throw distance, which comprises normal, short, and ultra-short throws. The study also analyzes the revenue earned from the sales of DLP projectors across various applications such as home entertainment and cinema, business, education, government, large venues, and other applications across several geographies. The study further analyzes the overall impact of COVID-19 on the ecosystem.
The DLP Projector Market is segmented by Light Source (Lamp, LED, Laser), Chip Model (One Chip, Three Chip), Throw Distance (Normal, Short, Ultra-Short Throw), Application (Home Entertainment and Cinema, Business, Education & Government, Large Venues), by Geography (North America, Europe, Asia Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value in USD billion for all the above segments.
| By Light Source | |
| Lamp | |
| LED | |
| Laser |
| By Chip Model | |
| One Chip | |
| Three Chip |
| By Throw Distance | |
| Normal Throw | |
| Short Throw | |
| Ultra-Short Throw |
| By Application | |
| Home Entertainment and Cinema | |
| Business | |
| Education and Government | |
| Large Venues | |
| Other Applications |
| By Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Rest of the World |
DLP Projector Market Research FAQs
How big is the DLP Projector Market?
The DLP Projector Market size is expected to reach USD 5.42 billion in 2023 and grow at a CAGR of 7.24% to reach USD 7.69 billion by 2028.
What is the current DLP Projector Market size?
In 2023, the DLP Projector Market size is expected to reach USD 5.42 billion.
Who are the key players in DLP Projector Market?
Texas Instruments Inc., Barco, Optoma Corporation (Coretronic Corp.), Digital Projection Limited and NEC Corporation are the major companies operating in the DLP Projector Market.
Which is the fastest growing region in DLP Projector Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in DLP Projector Market?
In 2023, the Asia Pacific accounts for the largest market share in the DLP Projector Market.
DLP Projector Industry Report
Statistics for the 2023 DLP Projector market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. DLP Projector analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
