Commercial Segment to Dominate Europe Advanced Cinema Projector Market during 2020–2028      

According to a new market research study on “Europe Advanced Cinema Projector Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Illumination Source, End User, Resolution, and Lumens” is expected to reach US$ 538.52 million by 2028 from 316.50 US$ million in 2021. The market is estimated to grow at a CAGR of 7.9% from 2021 to 2028. The report provides trends prevailing in the Europe advanced cinema projector market along with the drivers and restraints pertaining to the market growth. Advanced cinema projectors in commercial applications at high demand is the major factor driving the growth of the Europe advanced cinema projector market. However, issues associated with costly laser projectors hinders the growth of Europe advanced cinema projector market.

 The Europe advanced cinema projector market is segmented on the basis of Illumination Source, end users, resolution, lumens, and country. Based on Illumination Source, the market is segmented into lamp, and RGB pure laser. RGB pure laser segment held the largest market share in 2020. Based on end user, the market is segmented into commercial and residential. Commercial segment held the largest market share in 2020. Based on resolution, the market is segmented into 2K and 4K. 2K segment held the largest market share in 2020. Based on lumens the market is segmented into 1000–5000, 5001–10000, 10001–30000, and Above 30000. 5001–10000 segment held the largest market share in 2020. Based on country, the Europe advanced cinema projector market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. UK held the largest market share in 2020.

The European market suffered huge economic loss in 2020 owing to a high number of COVID-19 cases. To curb the spread of the virus, the governments of various countries in Europe announced shutdown protocols for all the commercial places, including cinema theaters, outdoor cinema venues, and restaurants and lounges. This led to a huge loss in revenues for the owners of the cinema theaters, restaurants, outdoor cinema venues, and lounges. The owners of the respective venues mentioned above focused on maintaining their operational costs and refrained from investing in the procurement of newer products. This resulted in a drop in demand for advanced cinema projectors. From the supply side perspective, the UK and Russia have a noteworthy number of advanced cinema projector manufacturers and suppliers across respective borders. However, due to disruption in the supply chain across the globe, the supply and sourcing business of the manufacturers and suppliers declined drastically, resulting negatively in the advanced cinema projector growth. Additionally, to adhere to governmental norms, the manufacturing facilities of advanced cinema projectors witnessed a limited footfall of employees, which resulted in limited production volumes. This is another key hindering factor for the growth of the advanced cinema projector market in Europe. Hence, due to the COVID-19 outbreak, the region's economic strength is anticipated to decrease. However, it is expected that the growth will normalize from 2021 end.

Barco NV; BENQ Corporation; Christie Digital; Delta Electronics, Inc.; Hitachi Ltd.; Infocus Corporation; LG Electronics Inc.; Optoma Corporation; Panasonic Corporation; and Sharp Corporation are among the leading companies in the Europe advanced cinema projector market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Barco and Cinionic launched next generation 4K laser projector platform to take cinema into the smart projection era.