If you have a small space where you want to aim for big entertainment yet in a budget-conscious manner, any short-throw home projector can be your reliable choice over upgrading to a large-screen TV.
Traditional television units occupy a lot of space in the room, which tends to be replaceable with a projector due to its portability and ease, with no extra space required.
To be factual, all it means is that upgrading to a short-throw home projector, which can project a large image from a very close distance to the wall or screen, usually a 100-inch picture from about 1 to 2 meters away, unlike standard projectors that need several meters of space, definitely results in replacing your traditional TV.