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

5001–10000 Segment to Dominate MEA Advanced Cinema Projector Market during 2020–2028      

According to a new market research study on “MEA 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$ 127.29 million by 2028 from 96.07 US$ million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The report provides trends prevailing in the MEA advanced cinema projector market along with the drivers and restraints pertaining to the market growth. Rising need of 3D advanced projectors is the major factor driving the growth of the MEA advanced cinema projector market. However, issues associated with expensive laser projectors hinders the growth of MEA advanced cinema projector market.

 The MEA 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 MEA advanced cinema projector market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. UAE held the largest market share in 2020.

The MEA is highly dependent on international manufacturers for advanced technologies across industries. The GCC countries and Africa house several cinema theaters and the owners of the cinema theaters strive hard to attract customers by adopting robust and advanced solutions. The demand for advanced cinema projectors has started to increase in the past couple of years. However, the spread of COVID-19 has restricted the growth of the market. The cinema theaters and open-air cinema venues were temporarily shut down to adhere to the government regulations, which led to a drop in the demand for advanced solutions among the theater owners. However, as the cinemas re-opened in the later half of 2020, several cinema theaters started procuring advanced laser projector to enhance the customer experience. For instance, in June 2021, Saudi Arabia’s muvi Cinemas selected Cinionic to supply advanced laser projectors to more than 25 premium XPERIENCE auditoriums throughout the country. With such contractual collaboration, the demand for advanced cinema projectors is expected to rise in the country, thereby boosting market growth.

Barco NV; BENQ Corporation; Christie Digital; Delta Electronics, Inc.; Hitachi Ltd.; LG Electronics Inc.; Panasonic Corporation; and Sharp Corporation are among the leading companies in the MEA 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, Delta Electronics, Inc. had launched 8K 25,000-lumen DLP projector in Japan, along with Digital Projection International Ltd. Delta has enabled its fully equipped 8K projection showroom with a 320-inch mega screen at the Akiba Theater located in the Akihabara area as a new model to boost local 8K projection business and bring an extraordinary experience to audiences.

Contact Us
Contact Person: Sameer Joshi 
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com 

Download Free PDF Brochure