A projection apparatus includes an illumination system including a first laser light source and a second laser light source, a first light valve, and a second light valve. The first laser light source provides a first laser beam in first time periods. The second laser light source provides a second laser beam in second time periods. A color refresh rate of the projection apparatus is the number of times of alternating the first and second time periods with each other, and the color refresh rate ranges between 60 Hz and 6000 Hz. The first and second laser beams respectively form a first color light and a second color light when exiting the illumination system. The first and second light valves are located on a transmission path of the first color light. One of the first and second light valves is located on a transmission path of the second color light.