An advanced cinema projector is a device that projects an image onto a large surface such as a white screen or wall. It can be used as an alternative to a monitor or television set when showing videos or images to a large audience. Advanced cinema projectors are high-definition and high-quality image projectors that offer an immersive 4K viewing experience with high brightness, attractive colors, and extensive details. Unlike the traditional projectors, advanced cinema projectors are used in auditoriums, cinema halls, and even at homes. These projectors can be mounted on ceilings or they can be freestanding and portable. The global advanced cinema projector market is anticipated to reach value of US$ 174.8 Mn by 2026 from US$ 91.4 Mn in 2017, expanding at a CAGR of 7.5% during the forecast period.
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The global advanced cinema projector market has been broadly segmented based on technology, resolution, brightness, application, and region. Based on technology, the market has been divided into digital light processing (DLP), liquid crystal display (LCD), and light emitting diode (LED). Based on resolution, the market has been classified into less than 2K, 4K, and 8K. Furthermore, in terms of brightness, the market has been segmented into less than 4999 lumens, 5,000–10,000 lumens, and above 10,000 lumens. In terms of application, the market has been divided into commercial and residential. In terms of region, the global advanced cinema projector market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The DLP technology segment holds a major share of the global advanced cinema projector market and it is expected to continue its dominance during the forecast period also. Increasing disposable income is anticipated to drive the global cinema projector market. However, the market faces challenges led by high costs of maintenance associated with advanced cinema projectors. Lamps used in these projectors need to be changed periodically. However, the increasing demand for larger screen size and high resolution is expected to provide significant opportunities to the advanced cinema projector market in the near future.
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Considering rapid growth of the market, several players are investing in the advanced cinema projector market. In January 2019, Canon Inc. launched LX-MH502Z, a single-chip DLP laser projector. This product is incorporated with four-way pixel shift technology with 4K ultra high definition 3840 x 2160 resolution.
Some of the prominent players operating in the global advanced cinema projector market and profiled in the study are BenQ Group, Barco NV, Sony Corporation, Seiko Epson Corporation, Canon Inc., Delta Electronics, Inc., LG Electronics, Christie Digital Systems USA, Inc., Panasonic Corporation, and Hitachi Digital Media Groups.
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