Global Digital Light Processing Technology Market – Industry Trends and Forecast to 2029

Global Digital Light Processing Technology Market, By Method (Single-Chip Digital Light Processing Projection System, Three-Chip Digital Light Processing Projection System), Type (DLP Pico Chipsetm, DLP Standard Chipset), Resolution Type (800x600, 1024x768, 1920x 1200, 1280x800, 854x480, Others), Application (Mobile Phones, Conference Room, Home Theatre, Video Wall, Wearable Devices, 3D Printers, Others) - Industry Trends and Forecast to 2029

Market Analysis and Size

Digital light processing technology assists in the creation of a seamless picture by reducing the gap between pixels. DLP projectors are widely utilized for business presentations such as sales, training and marketing. DLP projectors are being deployed in home theatres for showing movies and viewing TV programs.

Adoption of DLP technology is being highly witnessed across commercial entertainment such as award ceremonies and concerts. Global Digital Light Processing Technology Market was valued at USD 1675.66 million in 2021 and is expected to reach USD 2650.65 million by 2029, registering a CAGR of 5.90% during the forecast period of 2022-2029. Home Theatre is expected to witness high growth in the application segment owing to the increase in consumer preference towards larger screens. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Digital light processing technology refers to a data projection technology that assist in producing clear and readable images on screens in lit rooms. It is a display device that uses optical micro-electro-mechanical technology with digital micro mirrors. This technology is being considered a revolutionary way of projecting or displaying information.

Report Scope and Market Segmentation

Digital Light Processing Technology Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Adoption of Digital Screens

The increase in the adoption of digital screens in the film industry is one of the major factors driving the growth of digital light processing technology market. Conversion of analog screens into digital screens escalating demand for DLP projectors.

• Increase in Films Released

The increase in the number of films released all over the world accelerate the market growth. Also, the rise in adoption of ultra-short throw DLP projectors in small space and demand for feature-rich DLP projectors with high brightness and interactive capabilities have positive impact on the market.

• Low Maintenance

The rise in adoption of DLP projectors owing to the low maintenance cost further influence the market. These projectors avoid color decay as a result of this unique design and limited parts.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the digital light processing technology market.

Opportunities

Furthermore, prevalence of spectroscopes, holographic storage and medical imaging extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, increase in popularity of 3D digital projection will further expand the market.

Restraints/Challenges

On the other hand, high cost associated with the chipset is expected to obstruct market growth. Also, concerns regarding rainbow effect are projected to challenge the digital light processing technology market in the forecast period of 2022-2029.

This digital light processing technology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital light processing technology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Digital Light Processing Technology Market

The COVID-19 had a negative impact on the digital light processing technology market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand digital light processing technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the digital light processing technology market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Recent Developments

• NEC Display Solutions launched NC1402L, the quietest and most compact projector in the 10,000 lumens segment in May’2020. This projector offers immersive projection and image quality for medium-sized venues.

Global Digital Light Processing Technology Market Size

The digital light processing technology market is segmented on the basis of method, type, resolution type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Method

• Single-Chip Digital Light Processing Projection System
• Three-Chip Digital Light Processing Projection System

Type

• DLP Pico Chipsetm
• DLP standard chipset.

Resolution Type

• 800x600
• 1024x768
• 1920x 1200
• 1280x800
• 854x480
• Others

Application

• Mobile Phones
• Conference Room
• Home Theatre
• Video Wall
• Wearable Devices
• 3D Printers
• Others

Digital Light Processing Technology Market Regional Analysis/Insights

The digital light processing technology market is analysed and market size insights and trends are provided by country, method, type, resolution type and application as referenced above.

The countries covered in the digital light processing technology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the digital light processing technology market because of rise in usage of smartphones as well as other electronic devices within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the growing investments in the consumer electronics in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Digital Light Processing Technology Market

The digital light processing technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to digital light processing technology market.

Some of the major players operating in digital light processing technology market are

• Texas Instruments Incorporated (US)
• OSRAM Opto Semiconductors GmbH (Germany)
• Barco (Belgium)
• BenQ Corporation. (Taiwan)
• Christie Digital Systems USA, Inc (US)
• DELTA ELECTRONICS, INC. (Taiwa)
• Digital Projection (UK)
• NEC Display Solutions, Ltd. (US)
• Optoma USA (US)
• ViewSonic Corporation (US)
• Formlabs (US)
• 3D Systems, Inc. (US)
• Stratasys Ltd. (Israel)
• Shining3D (China)