In a projection display system, a light-emitting diode (LED) can generate unpolarized light. A light guide can receive the unpolarized light from a perimeter of the light guide and guide the unpolarized light between a light emission surface and an opposing surface as guided light. The light guide can include a plurality of light-extraction features that can direct a portion of the guided light out of the light guide through the light emission surface as unpolarized emitted light. A polarizing film can reflect at least some of a first polarization state of the unpolarized emitted light into the light guide through the light emission surface and can transmit at least some of a second polarization state of the unpolarized emitted light through the polarizing film to form a polarized light beam. An angular reduction film can reduce a range of propagation angles of the polarized light beam.