According to a new market research report titled ‘Advanced Cinema Projector Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research the global advanced cinema projector market is expected to reach value of US$ 174.8 Mn by 2026, expanding at a CAGR of 7.5% from 2018 to 2026. According to the report, the global market is expected to be influenced by a range of macroeconomic and market-specific factors during the forecast period.
In terms of demand, Asia Pacific is projected to lead the global market, and expanding at a CAGR of 8.3% between 2018 and 2026. Technological advancements in cinema projectors and increasing attention toward entertainment in Asia Pacific are anticipated to drive the market in the region during the forecast period.
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Technological advancements in cinema projectors to drive the global advanced cinema projector market
The global advanced cinema projector market is projected to expand at a significant growth rate during the forecast period, owing to technological advancements in cinema projectors across the world. Advanced cinema projectors offer better-quality picture and they use the 3D technology. With the help of the 3D technology, advanced cinema projectors can handle multiple 3D formats and can convert 2D pictures into 3D pictures. Also, use of high brightness and resolution helps watch movies with clear and best-quality picture. These factors are likely to augment the global advanced cinema projector market in the next few years.
Global Advanced Cinema Projector Market: Scope of Report
The global advanced cinema projector market has been broadly segmented based on technology, resolution, brightness, application, and region. In terms of technology, the market has been divided into DLP, LCD, and LED. Among these, the DLP segment holds a significant share of the market. The segment is anticipated to expand at a CAGR of 7.6% throughout the forecast period. Based on resolution, the market has been classified into less than 2K, 4K, and 8K. Among these, the 2K segment held a prominent i.e. 59.6% share of the global advanced cinema projector market in 2017. It was followed by the 4K segment.
