The invention discloses a projection lamp and a control method thereof; the projection lamp comprises an LED array light source, a control system, an imaging system with an infrared filter, a light condensing mirror, a front lens, a light-transmission liquid crystal plate, a rear lens and a group of projection lenses, a temperature detector which collects the temperature signal in the projection lamp, a cooling system, and a pair of wedge-shaped light pipes which are used for homogenizing and collimating light beam; the infrared filter is arranged in front of the wedge-shaped light pipes; the light source enters the imaging system through the wedge-shaped light pipe; the control method comprises the steps as follows: firstly, the power supply is turned on, the control system is started, the image signal input by a host computer is scanned and processed, simultaneously, the temperature signal is collected so as to carry out the comparison treatment; the cooling system is adjusted according to the temperature signal. The projection lamp has low cost, smart and convenient use, can be used for projecting the colorful images for a long time, can change the color of the patterns, prolong the service life of the projection lamp, and extend the application range of the projection lamp.