Global Digital Light Processing (DLP) Projector Market Size and Share Analysis 2023-2028


Market Overview

The Digital Light Processing (DLP) Projector Market is projected to witness substantial growth, with an estimated size of USD 5.42 billion in 2023, expected to reach USD 7.69 billion by 2028, reflecting a robust CAGR of 7.24% during the forecast period (2023-2028).

DLP projectors, also known as Digital Light Processing, employ Micro-Electro-Mechanical Systems (MEMS) and digital micrometer devices (DMDs) to generate reflective projections. These projectors utilize a semiconductor-based MEMS array to control the light source on the microchip. Digital cinema projection commonly utilizes DLP projectors.

Product Type

Market Report

No. of Pages

140

Release Date

April 2023

Base Year

2022

Forecast Period

2023-2028

Market Size

USD 4.9 billion in 2021

Market Segments

Light Source, Chip Model, Throw Distance, Application, and Geography

Region

Global

No. of Companies Mentioned

12


A DLP projector utilizes data projection technology to produce clear and readable images on screens, even in well-lit environments. The device incorporates digital micromirrors based on optical micro-electro-mechanical technology, representing a novel and revolutionary way to display and project information. The key driving factors for the demand of DLP projectors include their advantageous features, such as durability, high contrast, reliability, reduced pixilation, and portability.

The market for projectors is predicted to experience growth, primarily due to the increasing prevalence of digital screens in the entertainment industry. The ongoing transition from analog to digital screens is expected to play a significant role in expanding the projector market. Additionally, with the continuous release of numerous movies each year, the demand for projectors is anticipated to rise correspondingly.

The digital transformation in the education sector has proven beneficial for teachers, students, and other participants in the learning process. These changes have improved accessibility and engagement through attractive and engaging learning methods. Consequently, online education has become more accessible, comprehensive, and inclusive.

DLP projectors’ rising popularity can be attributed to their qualities, such as high contrast, dependability, reduced pixilation, durability, and portability. However, potential challenges for the global DLP projector market in the future may arise due to their high costs and limited awareness.

The COVID-19 outbreak had a significant impact on the growth of the DLP projector market. The increased demand for home, education, and business solutions in both household and commercial sectors became a major driving force behind the market’s growth.


Market Segmentation

The market is segmented based on various factors, including light source, chip model, throw distance, application, and geography.

Segmentation by Light Source
Lamp
LED
Laser

Segmentation by Chip Model
One Chip
Three Chip

Segmentation by Throw Distance
Normal Throw
Short Throw
Ultra-Short Throw

Segmentation by Application
Home Entertainment and Cinema
Business
Education and Government
Large Venues
Other Applications

Segmentation by Geography
North America
Europe
Asia Pacific
Rest of the World

The lamps segment held the largest share, accounting for 55.18% of the Digital Light Processing (DLP) Projector Market in 2022. Valued at USD 2.72 billion in 2022, this segment is projected to reach USD 3.99 billion by 2028, showcasing a steady CAGR of 6.13% during the forecast period.

In 2022, the one chip segment dominated the market, holding a share of 61.91%. With a value of USD 3.06 billion in 2022, this segment is expected to reach USD 4.64 billion by 2028, experiencing a CAGR of 6.77% during the forecast period.

The normal throw segment accounted for the largest share, reaching 51.68% of the market in 2022, valued at USD 2.55 billion. This segment is anticipated to grow to USD 3.86 billion by 2028, registering a CAGR of 6.72% during the forecast period.

In 2022, the home entertainment and cinema segment held the largest market share at 42.41%. Valued at USD 2.09 billion in 2022, this segment is predicted to reach USD 3.21 billion by 2028, exhibiting the highest CAGR of 6.94% during the forecast period. The growing prevalence of digital screens in the entertainment industry is expected to drive the demand for DLP projectors, especially for home entertainment and cinema purposes.

The transition from analog to digital screens in the entertainment industry is expected to boost the demand for DLP projectors, as they become more popular with the increasing number of movies released internationally. Additionally, the adoption of DLP projectors with ultra-short throw capabilities is on the rise, particularly for small-space projections.

Business applications are driving the demand for feature-rich DLP projectors with high brightness and interactive features. DLP projectors stand out for their lower maintenance costs due to their filter-free and sealed chip design, resulting in prevention of color decay.

While 3D digital projection is still in its early stages globally, opportunities for DLP projectors exist in various markets, including spectroscopes, holographic storage, and medical imaging. However, conventional 3D projection technology can be more expensive due to the need for two synchronized projectors.

Asia-Pacific held the largest market share of 34.68% in 2022, valued at USD 1.71 billion. This region is expected to witness the highest CAGR of 8.04% during the forecast period, reaching USD 2.79 billion by 2028. The growth is attributed to the increasing digitalization in the education sector and the thriving entertainment industry in countries like India, China, and Japan.

In particular, the rise of smart classrooms in countries like Pakistan and India is driving the demand for DLP projectors. The governments of these nations are actively promoting smart classroom projects, leading to a surge in demand for educational solutions like DLP projectors.

Huawei Technologies Co. Ltd’s launch of a smart classroom 2.0 solution in January 2023 further contributes to the demand for DLP projectors in the region. With such initiatives and investments in the education sector, the Asia-Pacific DLP Projector Market is poised for significant growth in the upcoming years.


Competitive Landscape

The Digital Light Processing (DLP) Projector Market exhibits a fragmented landscape, featuring the prominent presence of major players such as Optoma, BenQ, BARCO, Acer, ViewSonic, XMIGI, Sharp, JMGO, NEC, Delta Electronics, Panasonic, InFocus, and JVC. In order to bolster their product offerings and establish a sustainable competitive advantage, companies within this market are implementing various strategies, including partnerships, mergers, innovations, and acquisitions.

In September 2022, Optoma made a notable debut at Infocomm 2022, held in Mumbai, where they introduced two highly anticipated series. These series are the All-in-One FHDS130 Solo LED and the WUXA Laser ZU920TST. The product lineup includes the Optoma ZU920T and ZU920TST dura core high brightness laser projectors, along with the Optoma FHDS130 solo LED display.

During September 2022, Barco Technology Company successfully entered into an agreement valued at GBP 15 million (~USD 18.2 million) with the Korean design company to supply projectors. As part of this contract, BARCO will provide G-series DLP projectors and hardware delivery of UDM, along with access to its Insights Management Suite, facilitating fleet management for the client.

Key companies profiled in this report include Texas Instruments Inc., Barco, Optoma Corporation (coretronic Corp.), Digital Projection Limited, Nec Corporation, Acer Inc., Viewsonic Corporation, Delta Electronics Inc., Benq Corporation, Sharp Corporation, Vivitek (delta Electronics), Panasonic Corporation.


Recent Industry Developments

In February 2023, Digital Projection International was honored with the prestigious TNT (Top New Technologies) award by CE Pro magazine. This recognition was bestowed upon the company for its outstanding HIGHlite 4K UHD Reference Satellite Modular Light Source (MLS) projection system.

In January 2023, Epson made a significant announcement regarding the launch of its latest projectors and visual solutions. These cutting-edge solutions cater to various domains, including professional displays, education, business, and life events. Epson is set to showcase these advanced projection solutions at the ISE event held in Barcelona. The company’s display lineup includes new short-throw, lamp-free laser displays, designed specifically for business conference rooms, meeting spaces, and educational environments. Additionally, Epson will also unveil ultra short-throw interactive, lamp-free laser displays that provide adaptable solutions for business spaces, fostering collaboration and seamless connectivity.


Key Questions Answered

What is the study period of the DLP Projector Market?
The DLP Projector Market is studied from 2018 to 2028.

What is the growth rate of the DLP Projector Market?
The DLP Projector Market is experiencing a Compound Annual Growth Rate (CAGR) of 7.24% over the next 5 years.

What is the size of the DLP Projector Market?
The DLP Projector Market is projected to reach USD 5.42 billion in 2023 and is expected to grow at a CAGR of 7.24% to reach USD 7.69 billion by 2028.

Which region has the highest growth rate in the DLP Projector Market?
The Asia Pacific region exhibits the highest CAGR over the period from 2018 to 2028.

Which region has the largest share in the DLP Projector Market?
As of 2022, the Asia Pacific region holds the highest market share in the DLP Projector Market.

Who are the key players in the DLP Projector Market?
The major companies operating in the DLP Projector Market are Texas Instruments Inc., Barco, Optoma Corporation (Coretronic Corp.), Digital Projection Limited, and NEC Corporation.

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