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Digital light processing (DLP) projector uses DLP technology, which is a data projection technology that produces readable, clear images on screens in lit rooms. It is a display device that is works on an optical micro-electro-mechanical technology using digital micromirrors. DLP is a new, revolutionary way to display and project information. Advantageous features such as durability, higher contrast, reliability, reduced pixilation, and portability are key factors that drives the demand for DLP projectors. Apart from this, the DLP projector requires less space than a traditional projector, and it also offers ease of shifting from one place to another. Thus, the advantages provided by DLP projectors over the conventional LCD or LED projectors are the major factors driving the growth of the market.
DLP projectors are also applicable for business presentations such as sales, training, and marketing. Home theatres are progressively using digital light processing projectors for viewing TV programs and movies on a large screen. The growing popularity of digital-screens in the film industry is probable to drive the DLP projector’s demand.
Digital light processing projectors are less expensive to repair and contain fewer parts. Sealed and filter-free chip design reduces the maintenance cost for DLP projectors. Thus, the ability of DLP projectors to minimize overall cost is driving the market growth. Moreover, spectroscopes, medical imaging, and holographic storage markets provide opportunities for digital light processing projectors. The increasing adoption of 3-dimensional projection in emerging applications is accelerating the demand for DLP projectors. Additionally, ongoing digitalization in each sector, including the entertainment and education sector is further influencing the DLP projector.
Key Market Driver -
• Increasing demand for cost-effective, high quality digital screens to drive the adoption of cloud DVR • A growing digitization in the education sector to accelerate the market growth
Key Market Restraint -
• Light leakage problem and rainbow effects would affect DLP projector’s adoption
The digital light processing projector market represents a highly competitive landscape where many large and small market players are operating in local and international markets. Major players are adopting ultimate business strategies, including partnerships, collaborations, mergers, or acquisitions, to uplift their market position. These strategies are also helpful for market players to expand their product portfolio and geographical presence. For instance, In April 2020, Barco NV partnered with the Australian distributor technology distributors for its AV technology and projectors portfolio. The partnership aimed to enter new markets such as display, retail signage, and education and expand Barco’s nationwide presence. Several vendors are investing their efforts in the featured product innovations and existing product development to sustain their market competence.
Prominent companies in the global market includes OSRAM Opto Semiconductors GmbH., ViewSonic Corporation, Sharp Corporation, Delta Electronics, Inc., Ezoic Inc., Acer Inc., Coretronic Corp., Barco NV, WhiteClouds Inc., BenQ Corporation, Digital Projection Ltd, Panasonic Corporation, Optoma Corporation, Christie Digital Systems USA, Inc., Texas Instruments Incorporated, NEC Display Solutions, Ltd., PC Connection, Inc., Alibaba.com, Shenzhen Appotronics Corporation Ltd., and among others.
North America is likely to hold a significant share in the global DLP market owing to the high demand for superior quality, 4K UHD display solutions. These high-quality display solutions are driving the need for advanced digital light processing projectors. The developed education and corporate sector are also driving the substantial adoption of digital light processing (DLP) projectors. The increasing popularity of 3D projection technology and related applications would drive the DLP projector’s market growth across North America. Likewise, North America, Europe is also representing significant adoption for ultra-short throw DLP projectors. Further, the rising demand for gaming projectors and home theater provides an opportunity for the low-cost DLP projectors for home theater applications.
The Asia-Pacific region is expected to significantly contribute to the DLP projector market during the forecast period. Increasing investments in consumer electronics products are one of the key factors driving the DLP market growth. Additionally, the strong demand for the DLP projectors from the healthcare, education, and automotive industries further supports market growth. The developing entertainment industry of Asia-Pacific is looking for advanced technologies, which offers an opportunity for the DLP projector market to grow. The increasing proliferation of 3D films and the growing adoption of high-quality film screens are likely to propel the market growth across Asia-Pacific. The presence of prominent market players across the region is further flourishing the DLP market growth.
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