The present disclosure may provide an image projection apparatus including a light source configured to generate a light bundle, a display element configured to form an image using the light bundle, and a illumination system disposed between the light source and the display element, wherein the illumination system includes a plurality of lenses disposed to illuminate the light bundle to the display element, and a polarization forming unit disposed between the plurality of lenses to convert the light bundle into polarized light in the illumination system so as to implement stereoscopic images.