Advanced Cinema Projector Market - Research Report 2028

Advanced Cinema Projector Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Illumination Source (Lamp and RGB Pure Laser), End User (Residential and Commercial), Resolution (2K and 4K), Lumens (1000-5000, 5001-10000, 10001-30000, and Above 30000)

Publication Month : Jul 2021

  • Report Code : TIPRE00005425
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 181
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[Research Report] The Advanced Cinema Projector market is expected to grow from US$ 1,100.69 million in 2021 to US$ 1,861.33 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.

Rapid growth in demand for advanced technologies in the film industry and increase in installation of digital displays are driving the advanced cinema projector market across the globe. The advanced cinema projectors efficiently project an image onto a large surface such as a white screen or a wall and are used as an alternative to a television set or monitor to showcase videos or images to a large audience. Increase in disposable income of the individuals, rise in number of cinema hall/ theaters/ multiplexes, and surge in number of filmgoers across the globe is forcing the market players to develop advanced technological cinema projectors. Furthermore, the increasing development of 3D movies by the production houses to offer enhanced experience to the viewers is boosting the demand for advanced 3D laser projectors.

The advantages of advanced cinema projectors such as better picture quality, enhanced brightness, and color feature, to boost the overall visual experience of the viewer, are driving the market globally. Moreover, during the time of COVID-19 pandemic, the demand for advanced cinema projectors for residential application as a home theater has increased immensely, owing to the enhanced flexibility, color accuracy, incredible brightness, and portability. Additionally, the mounting demand from the customer to enjoy sport events in clubs/restaurants/hotels and outdoor cinema watching is also supporting the growth of commercial advanced cinema projectors, is boosting the adoption of advanced cinema projectors in the market.

Impact of COVID-19 Pandemic on Advanced Cinema Projector Market

The COVID-19 pandemic has hit hard on several industries across the globe, thereby, decimating the demand for various electronics industry products. The electronics industry players have observed steep decline in their revenues in 2020, however, since the beginning of 2021, the companies have been witnessing notable growth in their product among certain countries. The cinema projector manufacturers also experienced decline in their revenues as the demand dropped substantially as majority of the cinema theatres were shut down by the governments to curb the spread of COVID-19. This resulted in revenue loss among the cinema theatre owner, which in turn restricted them to opt for advanced projection solutions to enhance the customer experience. This parameter hindered the growth of advanced cinema projector market in 2020. In addition to cinema theatres the cinema projectors are also procured by various restaurants and hotels to entertain their customers. However, the emergence and rapid spread of the COVID-19 virus, pushed the hospitality to temporarily shut their business, which again restricted the purchase of newer or advanced projectors. This ultimately hampered the businesses of advanced cinema projector market players. Apart from demand side, the supply side of the advanced cinema projector market also affected the growth of the market. This pertains to the closure of borders which led to disruption in supply chain of several components/parts. This resulted in reduction in production volumes, thereby, negatively impacting the growth of the market.

Lucrative Regions for Advanced Cinema Projector Providers

Lucrative Regions for Advanced Cinema Projector Providers
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Advanced Cinema Projector Market Insights

Rising Adoption of Advanced Cinema Projectors Across Residential Sector Globally

The advanced cinema projector for residential application is constantly gaining popularity in the market as customers are curious to have high quality visual experience at home. Additionally, increasing spending capacity and rising disposable income are boosting the adoption of advanced cinema projectors as a home theater application. Also, lockdowns initiated by the governments to prevent the spread of COVID-19 has further propelled the demand for advanced cinema projectors. As a result, the customers are purchasing new home entertainment products such as advanced cinema projectors to enjoy their time indoors amid the pandemic. For instance, in September 2020, BenQ introduced new BenQ TH585, a Full HD Home entertainment projector, in India. This new projector provides high resolution and high picture quality for customers to watch movies and shows on the screen at home.

Illusion Source-Based Market Insights

Based on illumination source the market is segmented into lamp and RGB pure laser. The traditional projectors integrate lamps to generate light, and with the advancement in technology the RGB pure laser projectors are developed to offer enhanced quality of light and colors. The RGB pure laser segment dominates the market and is foreseen to continue dominating the market during the forecast period.

Advanced Cinema Projector Market, by Illusion Source – 2020 and 2028   


Advanced Cinema Projector Market, by Illusion Source – 2020 and 2028   
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End User- Based Market Insights

Based on end user the market is segmented into residential and commercial. The commercial segment dominates the market, as majority of the cinema theatres use laser projectors, and the demand for transition of 2K to 4K is growing among the cinema theatre owners. This is propelling the commercial segment in the advanced cinema projector market. On the other hand, with the growing disposable income of the individual globally and due to COVID-19 impact, the demand of residential projector is boosting across the world.

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Advanced Cinema Projector Market: Strategic Insights

advanced-cinema-projector-market
Market Size Value inUS$ 1,100.69 Million in 2021
Market Size Value byUS$ 1,861.33 Million by 2028
Growth rateCAGR of 7.8% from 2021-2028
Forecast Period2021-2028
Base Year2021
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The players operating in the advanced cinema projector market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In 2021, Cinionic (Barco NV) has entered into a partnership with Cine Colombia. The deal is a culmination of ongoing support by Cinionic for Cine Colombia, the largest exhibitor in Colombia, with 339 cinema screens across 46 locations.

  • In 2020, Sharp Corporation and NEC Corporation had formed a joint venture to combine display solution businesses. They together will provide display solutions such as projectors under the new name Sharp NEC Display Solutions Ltd. This joint venture would create a new opportunity for delivering high-quality, innovative solutions to its customers globally.

The global Advanced Cinema Projector market has been segmented as follows:


Advanced Cinema Projector Market – by Illusion Source

  • Lamp
  • RGB Pure Laser


Advanced Cinema Projector Market – by End User

  • Residential
  • Commercial


Advanced Cinema Projector Market – by Resolution

  • 2K
  • 4K


Advanced Cinema Projector Market – by Lumen

  • 1000 – 5000
  • 5001 – 10000
  • 10001 – 30000
  • Above 30000


Advanced Cinema Projector Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Russia
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South & Central America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • Barco NV
  • BENQ Corporation
  • Christie Digital
  • Delta Electronics, Inc.
  • Hitachi Ltd.
  • Infocus Corporation
  • LG Electronics Inc.
  • Optoma Corporation (Coretronic Corporation)
  • Panasonic Corporation
  • Sharp Corporation
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Illumination Source , End User , Resolution , Lumens

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which end user segment led the advanced cinema projector market?

Based on end user the market is segmented into residential and commercial. The commercial segment dominates the market, as majority of the cinema theatres use laser projectors, and the demand for transition of 2K to 4K is growing among the cinema theatre owners. This is propelling the commercial segment in the advanced cinema projector market. On the other hand, with the growing disposable income of the individual globally and due to COVID-19 impact, the demand of residential projector is boosting across the globe.

Which region led the advanced cinema projector market in 2021?

Presently, Asia Pacific held the largest revenue share of global advanced cinema projector market. The growth in APAC is driven by the rising construction of commercial and infrastructural spaces, particularly in the developing economies such as China, India, Malaysia, and Indonesia, among others.

What are the factors responsible for the growth of the advanced cinema projector market?

Rising adoption of advanced cinema projectors across residential sector globally and accentuating demand for advanced cinema projectors in commercial applications are driving the growth of the advanced cinema projector market.

What are the reasons behind faster growth of 4K segment?

The 4K advanced cinema projector refers to a class of projectors which is about four times the resolution of Full HD 1920 x 1080. These resolution projectors are generally being used in the range of 8 to 10 million pixels to produce a picture, compared to the Full HD. The higher pixel projector permits the user to have a closer viewing without losing the quality of the content on the screen and provides a better picture for audiences. In addition, several companies are venturing into the 4K space, which is another growth parameter for the 4K during the forecast period.

How will the market in Europe perform over the years?

Western Europe is well-known for its better living conditions, with residents experiencing higher income levels. The high standard of living of people in western European countries drives the demand for advanced cinema projectors for residential use. Also, these countries comprise several organizations undergoing digital transformation, which is bolstering the growth of advanced cinema projectors. Furthermore, the European box office revenues accounted for 22% of the overall market share in 2019. Furthermore, a trend of shifting Hollywood productions to Europe has been witnessed in the last few years. As per the British Film Institute, in 2019, UK film & TV production increased by 11% in 2019 compared to 2018. These factor are responsible for decent growth of advanced cinema projector market in Europe.

Which are the top players in the global market?

The top players in the advanced cinema projector market include LG Electronics, Panasonic Corporation, Barco NV, Epson Seiko, and Acer Inc. These companies are actively participating in developing robust projectors for cinema application (both residential and commercial). In addition, these players invest substantial capitals in respective R&D teams to design and develop projectors that meet the demands of the end users.

The List of Companies - Advanced Cinema Projector Market

  1. Barco NV
  2. BenQ Corporation
  3. Christie Digital Systems
  4. Delta Electronics, Inc.
  5. Hitachi, Ltd.
  6. InFocus Corporation
  7. LG Electronics
  8. Optoma Corporation
  9. Panasonic Corporation
  10. Sharp Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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