Digital Light Processing (DLP) Market Trends, Business Overview, Industry Growth and Forecast to 2028

The digital light processing (DLP) market is anticipated to grow at a significant CAGR of 6.0% during the forecast period (2022-2028). DLP is a data projection technique that creates clear, legible images on screens in well-lit areas. The three-chip architecture of the DLP projector allows it to deliver up to 35 million colours. DLP projectors are the most common type of projector used in movie theatres. The conversion of analogue screens to digital screens is helping DLP projectors gain popularity, therefore an increase in the number of digital screens in the film industry is expected to drive the growth of the global DLP market. The number of films released around the globe has surged in recent years, which in turn propelling the DLP market even more.

The global DLP market is segmented based on light source and application. Based on type, the market is sub-segmented into lamp, LED, and laser. Based on the application, the market is sub-segmented into home entertainment & cinema, business, education & government, large venues, and others. Among these applications, the home entertainment & cinema segment is expected to propel the growth of the market due to the increasing demand for cinemas & home theatres globally. As due to rising demand for 3D films and their cost-saving advantages over standard projectors, DLP projectors are increasingly being used in the film industry. Some of the leading manufacturers of DLP projectors for the film industry include Barco NV, Christie Digital Systems Inc., and NEC Corp.

The market players are also contributing significantly to the market's growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2020, Barco announced a partnership with World's Best Technology Distributors (WBT) for its projector and AV technology portfolio. Barco's national expansion will be aided by this partnership, which will allow the company to penetrate new vertical sectors such as retail signage, display, and education. Similarly, in March 2020, BenQ debuted its Smart Projectors to address changing working patterns. BenQ Smart Projectors provide a wireless, driver-less, PC-less, and effort-less experience for smart meetings. The USB type-A port on BenQ Smart Projectors supports a wide range of file formats, including JPEG, PDF, Microsoft Word, Excel, and PowerPoint.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Light Source
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Texas Instruments Inc., BARCO Technology Co., Digital Projection Ltd., Optoma Corp., NEC Corp., Acer Inc., Delta Electronics Inc., BenQ Corp., and Panasonic Corp., among others.

A full report Digital Light Processing (DLP) Market of is available at:  https://orionmarketreports.com/digital-light-processing-dlp-market/105159/

Global DLP Market Report by Segment
By Light Source
•Lamp
•LED
•Laser
By Application
•Home Entertainment & Cinema
•Business
•Education & Government
•Large Venues
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

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This release was published on openPR.