The global DLP Projector market sales will be 5976.7 K Units in 2024 with a CAGR of 4.47% from 2024 to 2029. DLP projectors also provide sharp, high-quality projections with the potential for 3D capability. Technological innovation is an important driving force for the sustainable development of the DLP projector industry. With the breakthrough of semiconductor technology and the optimization of optical design, DLP projectors have made significant improvements in picture quality, brightness, and color reproduction degree.
1. Global DLP Projector Market Insights
The global DLP Projector market sales will be 5976.7 K Units in 2024 with a CAGR of 4.47% from 2024 to 2029. DLP projectors also provide sharp, high-quality projections with the potential for 3D capability. Technological innovation is an important driving force for the sustainable development of the DLP projector industry. With the breakthrough of semiconductor technology and the optimization of optical design, DLP projectors have made significant improvements in picture quality, brightness, and color reproduction degree. The rise of intelligent, portable, and other trends has prompted DLP projector products to continue to upgrade in a more convenient and intelligent direction. For example, the addition of intelligent voice control, automatic correction, wireless projection, and other functions has greatly improved the user experience. With the continuous improvement of consumer demand for high-definition displays and the continuous expansion of application scenarios, the market demand for DLP projectors continues to grow. In the field of home entertainment, with the popularity of 4K and 8K ultra-high-definition content, consumers have an increasingly strong demand for large-size and high-quality viewing experiences, providing a broad space for the development of the DLP projector market. Emerging areas such as online education and telecommuting have also brought new growth points to DLP projectors.
Global DLP Projector Market Sales
2. Market Dynamics
Increment in the Demand for DLP Projectors in the Entertainment Industry
These projectors are becoming popular in the market due to advantages such as high contrast features, reliability, reduced pixilation, durability, and portability. An increasing number of digital screens in the film industry is expected to drive market growth as converting analog screens into digital screens is helping DLP projectors gain popularity. The number of films released all over the world has increased in 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.
Light Leaks and Rainbow Effects
A few DLP projector users can suffer from the “rainbow effect” described as brief flashes of rainbow-like “shadows” most often seen on high contrast areas of moving bright/white objects on a mostly dark/black background such as the credits at the end of a movie. The technology has improved greatly over the years reducing the amount of people who notice this effect. Since DLP projectors use a spinning color wheel, it reduces the usability of the device once it gets worn out. These projectors also have a lower light output compared to 3LCD and are slightly more expensive. These issues may limit market demand.
3. Market Segment
By Type, the 1-chip DLP projectors segment will contribute the largest share in 2024.
1-chip DLP Projectors: Single-chip DLP projectors meet consumers’ demands for a high-quality visual experience with their technical advantages of high definition, vivid color, and high contrast. Compared to three-chip DLP projectors, single-chip DLP projectors have more advantages in cost, which makes them easier to be widely accepted and popularized in the market. New technologies and industrial policies introduced by countries such as China have provided favorable conditions for the development of the single-chip DLP projector market. Single-chip DLP projectors are widely used in many fields such as business, education, and home entertainment, which increases the demand. The market sales of this type will be 5937.2 K Units in 2024.
3-chip DLP Projectors: 3-chip DLP projectors can process individual beams of RGB light simultaneously and are capable of producing bright, high-quality images. 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.
By Application, the household use segment occupies the biggest share.
Based on application, the market is segmented into Business, Education, Home, Cinema and Large Venue.
Business: DLP projectors used in business places pay more attention to stability and low failure rate, and their heat dissipation performance, network function, and convenience of use are in higher demand. Market sales will be 1171.4 K Units in the business sector.
Education: DLP technology can bring high definition and high contrast, to obtain the resolution of 1080p, and ensure that the class content can be seen even from the back of the classroom. DLP products can improve teachers’ teaching effect, attract students’ attention, and help schools reduce the total cost of ownership (TCO) through SmartSource 3D technology. With the continuous advancement of global technology, more and more classrooms choose digital teaching methods, especially to strengthen the field of interactive education. The development of digital education has the potential to help expand standardized instruction, facilitate differentiated instruction, expand practical opportunities, and increase student engagement. The market sales will be 876.8 K Units in 2024.
Household Use: Household use projectors using DLP technology can bring high-quality picture quality. Fast DLP technology can make the video play smoothly and achieve a cinema effect. Fast action video is clear and sharp, without dynamic blur.Sales in 2024 are expected to be 3132.9 K Units.
With the advancement of technology and the refinement of the market, the types of home theater are increasingly diversified, and DLP projectors have become an important part of home theater because of their high definition and large screen advantages. As consumer demand for personalized home theater increases, DLP projectors can provide personalized home theater solutions according to consumer needs and home environment.
Cinema: DLP Projectors used by Cinema usually have high brightness, and DLP technology can support projectors with more than 5,000 lumens in large places. With the 3-chip DLP Projectors structure, more light can be projected onto the screen.
Market Sales and Share by Segment in 2024
| Market Sales in 2024 | Market Share in 2024 | ||
| By Type | 1-chip DLP Projectors | 5937.2 K Units | 99.34% |
| 3-chip DLP Projectors | 39.4 K Units | 0.66% | |
| By Application | Business | 1171.4 K Units | 19.60% |
| Education | 876.8 K Units | 14.67% | |
| Household Use | 3132.9 K Units | 52.42% | |
| Cinema | 162.7 K Units | 2.72% |
4. Regional Market
Asia-Pacific leads the global market.
The increasing adoption rate of digital screens in the film industry, the increasing demand for DLP projectors due to the conversion of analog screens to digital screens, and the development of the film market in the Asia Pacific region are providing growth drivers for the DLP projectors market. With the adoption of digital tools and platforms streamlining operations, improving supply chain management, and enhancing customer engagement, the advance of digital transformation in the Asia Pacific is providing new growth opportunities for the DLP projector market. China is one of the countries with the highest number of cinema screens, mainly driven by its growing urban population and rising demand for entertainment. The market sales of Asia Pacific are 3114.1 K Units, accounting for a share of 52.10% in 2024.
DLP technology with its high image fidelity, clear, bright, color realistic picture has been applied in a variety of display devices, including large-screen digital TVs, conference projectors, and home theaters, etc., the demand for this type of high-quality display technology is greater in North America. The increasing adoption rate of digital screens in the film industry and the conversion of analog screens to digital screens has led to an increasing demand for DLP projectors, with this trend particularly evident in North America as an important market for the film industry. The market sales of North America are 1502.5 K Units, accounting for a share of 25.14% in 2024.
Global DLP Projector Market Sales (K Units) by Region
5. Market Competition
DLP Projector companies are mainly from Asia. The industry concentrate rate is moderate. The market share of the top three companies in 2024 is 44.33%. The top three companies are Coretronic, XGIMI, and BenQ, with a revenue market share of 18.70%, 17.43%, and 8.20% in 2024.
DLP technology is the mainstream display method for smart projection at present. It has the advantages of high contrast ratio, high dust resistance, high response speed, etc., and the cost is lower. It can achieve high brightness in a small volume, leaving room for innovative designs. In addition, Texas Instruments (TI), which dominates DLP technology, has launched projection chips of different types and sizes that can meet different scenarios, and the layout is quite complete. 3LCD has the advantages of good image color saturation, rich layers, and good color separation. The core technology is in the hands of Sony and Epson, and it is mostly used in the mid-to-high-end market. The rapid growth of LCD is mainly due to the shortage of DLP chips, giving it more room for development. Epson, Sony, and other Japanese LCD camps will also increase the improvement of LCD projection technology to continue the vitality of LCD projectors. LCOS technology has many advantages such as a large screen, high brightness, high resolution, power saving, etc. However, due to the high manufacturing process requirements, the yield rate is difficult to control. At present, the main ones that achieve commercial mass production are Sony and JVC in Japan, as well as the Crystal Code of the United States. Because the cost cannot be compressed, LCOS products are mostly used in the high-end market. With the update and development of LCD and LCOS-related projector technologies in the future, it will pose a threat to the development of DLP projectors.
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, production, and marketing of high-performance multifunctional projectors.
BenQ: BenQ Corporation is a Taiwanese multinational company that sells and markets technology products, consumer electronics, computing, and communications devices under the “BenQ” brand name, which stands for the company slogan Bringing Enjoyment N Quality to Life.
ViewSonic: ViewSonic Corporation manufactures visual display products. The Company produces desktop computer monitors, liquid crystal display televisions, video projectors, digital signage, digital photo frames, and touchscreens.
Acer: Acer Incorporated is a Taiwan-based multinational electronics manufacturer. Its products include laptops, desktops as well as servers and storage, personal digital assistance (PDA), peripherals, peripherals, and e-business services for government, business, education, and home users.
Major Players Market Share in 2024
| Major Players | Market Share in 2024 |
| Coretronic | 18.70% |
| XGIMI | 17.43% |
| BenQ | 8.20% |
| ViewSonic | 7.01% |
| Acer | 8.02% |
| Samsung | 1.05% |
| JMGO | 6.10% |
| Panasonic | 0.81% |
| Dangbei | 4.98% |