Global DLP Projector Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global DLP Projector Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

DLP stands for 'Digital Light Processing' and what DLP projector means is a projector using a DLP chip to display the projector images. DLP projectors beam light through a color wheel, reflection mirrors, then finally a lens. DLP Technology was invented by Texas Instruments. The picture in a DLP projector is produced by light reflecting off a Chip which has millions of tiny mirrors fixed on it. This chip is commonly known as a 'Digital Micromirror Device' or DMD.

Market Overview:

The latest research study on the global DLP Projector market finds that the global DLP Projector market reached a value of USD 4396.62 million in 2022. It’s expected that the market will achieve USD 5775.03 million by 2028, exhibiting a CAGR of 4.65% during the forecast period.
DLP Projector Market Drivers
DLP projectors provide sharp, high-quality projections with the potential for 3D capability as well. DLP projectors tend to have more mirrors and therefore more pixels to project the desired images and videos in higher definition. The DLP Chip and the whole light path in DLP projectors are sealed and no dust can get in. Thus maintenance on DLP projectors is less than in an LCD projector, even though DLP projector has more moving mechanical parts like the high-speed color wheel and the DMD DLP Chip. Owing to advantages such as high contrast feature, reliability, reduced pixilation, durability, and portability, these projectors are becoming popular in the market.
An increasing number of digital screens in the film industry is expected to drive market growth as the conversion of analog screens into digital screens is helping DLP projectors gain popularity. The number of films released all over the world has increased during recent years, further driving the DLP projector market. DLP projectors are used in the film industry because of the increase in the number of 3D films and their cost-saving benefits over traditional projectors. DLP projectors operate fast and provide extremely high-contrast pictures. Moreover, DLP projectors are generally smaller and lighter than other types of projectors which are likely to boost the usage of DLP projectors in the Home Entertainment & Cinema industry.

Region Overview:

Asia-Pacific had the highest growth rate of all regions.

Company Overview

The top three companies are Coretronic, XGIMI, BenQ, with the revenue market share of 13.65%, 10.85% and 10.20% in 2021.

Coretronic

Coretronic Corp is engaged in research and development, production, manufacturing & marketing of projectors, backlight, and FPD-related products. Its segments include energy-saving products, image products & brands, and optical components.

XGIMI

XGimi is a high-tech company focused on self-design, development, producing and marketing of high-performance multifunctional projectors.

Segmentation Overview:

Among different product types, 1-chip DLP Projectors segment is anticipated to contribute the largest market share in 2027.

1-chip DLP Projectors

The cheaper Home and portable DLP projectors use only one DLP Chip and processes the RGB light sequentially one after the other with the help of a high speed rotating color wheel.
In a projector with a single DLP chip, colors are produced either by placing a color wheel between a white lamp and the DLP chip or by using individual light sources to produce the primary colors, LEDs or lasers for example. The color wheel is divided into multiple sectors: the primary additive colors: red, green, and blue, and in many cases white (clear).
The DLP chip is synchronized with the rotating motion of the color wheel so that the green component is displayed on the DMD when the green section of the color wheel is in front of the lamp. The same is true for the red, blue and other sections. The colors are thus displayed sequentially at a sufficiently high rate that the observer sees a composite full color image.

3-chip DLP Projectors

3 chip DLP projectors can process individual beams of RGB light simultaneously and are capable of producing high quality images which are bright.
A 3-chip DLP projector uses a prism to split light from the lamp, and each primary color of light is then routed to its own DMD chip, then recombined and routed out through the lens. Three chip systems are found in higher-end home theater projectors, large venue projectors and DLP Cinema projection systems found in digital movie theaters.

Application Overview:

By application, the Household Use segment occupied the biggest share from 2017 to 2022.

Key Companies in the global DLP Projector market covered in Chapter 3:

XGIMICoretronic
XGIMI
Canon
Sharp
JVC
ViewSonic
Acer
Samsung
JMGO
BenQ
Panasonic
BARCO
Dangbei

In Chapter 4 and Chapter 14.2, on the basis of types, the DLP Projector market from 2018 to 2029 is primarily split into:

1-chip DLP Projectors
3-chip DLP Projectors

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the DLP Projector market from 2018 to 2029 covers:

Business
Education
Home
Cinema
Large Venue

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)