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.
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.
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Digital Light Processing Technology Market 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.
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)
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Global Digital Light Processing Technology Market Size
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 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.
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.
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