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DLP Projector Market

Market Study on DLP Projectors: Need for Enhanced Picture Quality among Moviegoers Worldwide to Play a Vital Role!

Digital Light Processing (DLP) Projector Market by Light Source (Lamp, LED, Laser)

Digital Light Processing (DLP) Projector Market Outlook (2022 to 2032)

The Global Digital Light Processing (DLP) Projector Market size is estimated to surpass US$ 10.3 billion by 2032. It stood at US$ 6.2 billion in 2022. The market is likely to exhibit steady growth at a CAGR of 5.2% from 2022 to 2032.

Projectors that combine digital micro-mirror technology and optical micro electro automation & robotics are referred to as digital light processing (DLP) projectors. The market is anticipated to be driven by rising digital displays in the movie industry and digitization of education.

Data projection using digital light processing technology creates sharp, legible images on screens in well-lit spaces. The triple chip architecture of DLP projectors allows for the delivery of up to 35 million colors. DLP projectors are the most common type of projector used in movie theaters.

Increasing use of 3-dimensional projection in new applications is another crucial factor that would push DLP projector demand. Sales growth in small-space applications is anticipated to be boosted by high demand for short-throw and mega DLP projectors.

Consumers are shifting away from normal-throw DLP projectors. These comparatively tiny applications are expected to have a beneficial effect on the market. They are associated with the commercial, entertainment, and educational sectors.

These projectors are gaining immense popularity in the market due to features such as high contrast, dependability, decreased pixelation, sturdiness, and mobility. The global DLP projector market, on the other hand, might be hampered by high costs and a lack of knowledge in the forecast period.

There is a rising demand for high-caliber movies with superior visual effects on a global scale. To improve the viewing experience for millennials, visual effects (VFX) imagery and tools, including sensing technology and HD video cameras are being used more frequently.

Technical developments in stunning visuals and desire for top-notch films are projected to drive growth in the global market over the predicted years. It is anticipated that the business would develop as a result of expansion of 3D cinemas.

Digitization of movies would also contribute to growth. Increased per capita income and rising entertainment spending are further anticipated to drive the market throughout the predicted period.

Attributes

Key Insights

Digital Light Processing (DLP) Projector Market Estimated Size (2022E)

US$ 6.2 billion

Projected Market Valuation (2032F)

US$ 10.3 billion

Value-based CAGR (2022 to 2032)

5.2%

United States of America Value-based CAGR (2022 to 2032)

4.1%

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How Will Sales of Digital Light Processing (DLP) Projectors between 2017 and 2021 Outpace Demand from 2022 to 2032?

According to Persistence Market Research (PMR), the global DLP projector market is expected to witness considerable growth at 5.2% CAGR from 2022 to 2032. The market showcased growth at a CAGR of 6.1% in the historical period.

As more analogue screens are converted to digital ones, the market for DLP projectors is likely to rise. Digital screens are set to be frequently used in the film industry. Number of movies released internationally has surged recently, thereby significantly boosting the DLP projector industry.

Adoption of DLP projectors in the movie business is a result of rising development of 3D movies. It also has several cost-saving advantages over conventional projectors. Few of the top manufacturers of DLP projectors for the film industry include NEC Corp. (Japan), Christie Digital Systems Inc. (United States of America), and Barco N.V. (Belgium).

Images produced by DLP projectors are extraordinarily high contrast and work quickly. These projectors are typically lighter and smaller than other projector types. It is anticipated to increase their use in the home entertainment & cinema business.

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Top Digital Light Processing (DLP) Projector Market Trends Listed by Persistence Market Research (PMR)

  • Digital light processing projectors use DLP technology.
  • It is a data projection technique that enables the display of a clean, legible picture even in well-lit environments.
  • DLP projectors work on an optical micro-electro-mechanical technology by using digital micro-mirrors.
  • DLP projectors offer various advantages over traditional projectors such as higher contrast, reliability, and a significant reduction in pixilation.
  • These projectors are more portable than traditional projectors.
  • DLP projectors are widely utilized in commercial applications such as entertainment for their ability to produce clear images and offer high contrast.
  • They are being widely adopted in home entertainment systems for providing theater-like experiences at home.
  • Recent advancements in DLP technology have resulted in its increased application in various markets such as medical imaging and holographic storage.
  • Increasing adoption of 3D projection across the entertainment industry has resulted in rising demand for DLP projectors.
  • The number of digital cinema screens in 2018 was around 182,000.
  • It expanded to around 208,000 screens in 2021.
  • With rising count of cinema screens and advancements in DLP technology, the market is projected to expand during the assessment period.
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Which Region is Projected to Offer a Significant Opportunity to DLP Projector Manufacturers?

North America DLP projector market size stood at US$ 2.3 billion in 2021. It crossed US$ 2.4 billion in 2022.

It is expected that North America would exceed a valuation of US$ 4.0 billion in 2032. The predicted CAGR from 2022 to 2032 is expected to be 39.8%.

North America is projected to be a significant market with rapid adoption of DLP projectors in the world. Rising demand for superior quality and 4K display solutions is a crucial factor pushing demand.

Increasing need for high-quality displays in the region is further flourishing the market for DLP projectors. Surging demand for better home entertainment systems and growing adoption of 3D technology in the entertainment industry would also boost DLP projector sales.

There were around 44000 digital cinema screens in North America in 2021. With rising popularity of films and surging adoption of DLP projectors to provide better picture quality, the market would elevate by 2032.

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Country-wise Insights

Why is the Demand for DLP Home Theater Projectors Expanding in the United States of America?

The United States of America DLP projector market is expected to be worth US$ 3.2 billion by 2032 and create an absolute dollar growth of US$ 1.1 billion in the next ten years. The United States of America market witnessed a CAGR of 4.7% from 2017 to 2021. It is anticipated to broaden at a CAGR of 4.1% from 2022 to 2032.

The United States of America market is projected to expand during the assessment period owing to rising demand for home theaters and advancements in DLP technology. Projectors are becoming more capable of producing images that are clearer and have brighter colors with high resolution than traditional projectors.

Increasing popularity of 3D movies and rising use of projectors in the education sector are also expected to propel the market. The United States of America has a significant media and entertainment industry. With the rising popularity of movies, the market for DLP projectors is likely to expand during the assessment period.

There were around 41000 digital cinema screens in the United States of America in 2021. With surging number of movies released every year, the number of digital movie screens in the country will increase. Hence, the market for DLP projectors is projected to expand during the estimated time frame.

Would the United Kingdom Exhibit High Sales of 4K DLP Projectors?

The United Kingdom DLP projector industry is anticipated to surpass US$ 503.1 million in 2032. It would create an incremental opportunity of US$ 175.7 million till 2032.

The market in the United Kingdom is expected to witness a CAGR of 4.4% from 2022 to 2032. It exhibited growth at a CAGR of 5.0% from 2017 to 2021.

There were around 840 movie theaters in the United Kingdom in 2019. It rose to around 860 movie theaters in 2021. With increasing count of movie theaters, there has also been a surging demand for home theaters.

DLP projectors are the preferred projectors for home theaters. They provide the user with high resolution and a better viewing experience when compared to traditional projectors.

Would China be a Significant DLP Projector Home Theater Manufacturing Hub?

DLP projector sales in China would expand at a CAGR of 6.2% from 2022 to 2032. It is likely to create an absolute dollar opportunity of US$ 402.4 million through 2032.

A valuation of US$ 892.5 million is projected for the China market by 2032. The country showcased steady growth at a CAGR of 7.6% from 2017 to 2021.

China is a significant consumer of movies in the world. Rising popularity of movies is due to increasing urban population and their need for entertainment.

China is also investing heavily in the education and installation of smart classroom hardware. With high popularity of movies and increased adoption of smart classrooms in the country, the market for DLP projectors is expected to expand by 2032.

China also has a significant number of movie screens. In 2021, there were around 82000 movie screens in the country. With increasing popularity of movies and growing investments in education for the adoption of smart classrooms, the market for DLP projectors is projected to expand.

Why are Sales of Digital Light Processing Projection Equipment Surging in South Korea?

The DLP projector market in South Korea is expected to be worth US$ 420.6 million by 2032. It would create an absolute dollar opportunity of US$ 176.7 million till 2032.

South Korea witnessed growth at a CAGR of 6.9% from 2017 to 2021. It is likely to elevate at a CAGR of 5.6% from 2022 to 2032.

South Korea is a significant consumer of movies in the world. There were around 226 million moviegoers in 2019.

It is estimated that people in South Korea watched an average of about 4 movies per capita in 2019. It is projected that the number of moviegoers will expand significantly during the assessment period.

Due to rising popularity of movies in the country, the number of cinema screens will also expand significantly. Hence, the market for DLP projectors is likely to flourish throughout the evaluation period.

Category-wise Insights

Which Type of Light Source is Frequently Used in Digital Light Processing Projection Equipment?

Based on light source, the lamp category is expected to remain at the forefront in the global market. It witnessed a CAGR of around 5.9% during the historical period. It is anticipated to showcase a CAGR of 5.1% from 2022 to 2032.

Increasing development of new light sources, including lasers, LEDs, and high-intensity discharge, would provide long lifespan and an enhanced color projection quality. Key projector lamp firms are nowadays focusing on creating novel technologies to reduce installation and operational costs.

Which is the Most Preferred Chip Model for Digital Light Processing Projection?

DLP projectors consisting of a single chip are projected to witness prominent growth. The segment witnessed growth at a CAGR of 5.7% from 2017 to 2021. It is likely to expand at a CAGR of 5.0% from 2022 to 2032.

In a projector with a single DLP chip, colors can either be created by carefully placing a color wheel between a white bulb and the DLP chip or by employing separate light sources. These include LEDs or lasers to create the primary colors.

Fundamental additive hues of red, green, and blue, as well as white in several circumstances, are separated into numerous sectors on the color wheel (clear). In more recent systems, white is replaced by the primary subtractive hues cyan, magenta, and yellow.

Usage of subtractive colors is a component of the latest brilliant color performance system. It processes both additive and subtractive colors to produce a wide range of potential color combinations on the screen. The single-chip DLP projector is a predominant form of DLP projector available in the market.

Competitive Landscape

Due to the existence of numerous sizable competitors working on both domestic and foreign markets, the DLP projector market is quite competitive. Top firms have adopted strategies, including innovative products and mergers & acquisitions. They are giving the market the appearance of being somewhat concentrated.

A few recent developments in the DLP projector market are:

  • In March 2020, NEC display announced its new NC 1402L. It is a 9500 lumen compact portable laser projector. The NC 1402L offers eco-friendly power consumption and maintenance-free operations.
  • In March 2020, BenQ Corporation launched its new range of smart projectors. It aims to cater to new working trends. BenQ Smart Projectors provide an effortless experience to its user. It consists of USB type A that can support a wide variety of file formats. It can be used for meetings, as well as presentations.

Scope of the Report

Attribute

Details

Estimated Market Size (2022)

US$ 6.2 billion

Projected Market Valuation (2032)

US$ 10.3 billion

Value-based CAGR (2022 to 2032)

5.2%

Forecast Period

2022 to 2032

Historical Data Available for

2017 to 2021

Market Analysis

Value (US$ billion)

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Key Countries Covered

  • USA
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy
  • Japan
  • China
  • Singapore
  • Malaysia
  • Sri Lanka
  • Kingdom of Saudi Arabia
  • United Arab Emirates
  • South Korea
  • Finland
  • Hungary
  • Rest of the World

Key Segments Covered

  • Light Source
  • Chip Model
  • Brightness
  • Throw Distance
  • Application
  • Region

Key Companies Profiled

  • Optoma Corp
  • Christie Digital Systems, Inc.
  • NEC Corp.
  • Barco
  • Benq Corporation
  • Delta Electronics
  • Inc., Digital Projection Limited
  • Acer Inc.
  • ViewSonic Corp
  • Texas Instruments Inc.

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

DLP Projector Market Outlook by Category

By Light Source:

  • Lamp
  • LED
  • Laser

By Chip Model:

  • One Chip
  • Three Chip

By Brightness:

  • Less than 2999 Lumens
  • 3000 to 5999 Lumens
  • 6000 Lumens and Above

By Throw Distance:

  • Normal Throw
  • Short Throw
  • Ultra-Short Throw

By Application:

  • Home Entertainment & Cinema
  • Business
  • Education & Government
  • Large Venues
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Optoma Corp
  • Christie Digital Systems, Inc
  • NEC Corp.
  • Barco
  • Benq Corporation
  • Delta Electronics, Inc.
  • Digital Projection Limited
  • Acer Inc.
  • ViewSonic Corp
  • Texas Instruments Inc.

- Frequently Asked Questions -

The global DLP projector industry was worth US$ 5.9 billion in 2021.

The global DLP projector industry witnessed a market size of US$ 6.2 billion in 2022.

Valuation of the DLP projector industry will be US$ 10.3 billion by 2032.

The global DLP projector industry exhibited a CAGR of around 6.1% over the last 4 years.

The global DLP projector industry is estimated to witness a CAGR of 5.2% from 2022 to 2032.

DLP projectors using one chip model will garner a significant value share by 2022.

Japan DLP projector industry is estimated to showcase a CAGR of 4.7% from 2022 to 2032.

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