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An LCD projector is a type of projector based on liquid crystal displays which can display images, data or video. An LCD projector works on transmissive technology. LCD projectors are more popular than many alternatives due to the fact that they are cheaper to produce and have excellent color reproduction.
DLP stands for Digital Light Processing. With a DLP projector, white light is projected through an array of movable mirrors that control the intensity of each pixel of light as well as the color. DLP projectors generally feature brighter, more defined display outputs than LCD, but are certainly more costly.