Asia Pacific 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)
Market Introduction
APAC comprises of the largest and most dynamic economies such as China, India, Japan, Australia, and South Korea. The countries in the region are noticing surge in the middle-class population and urbanization that offers plentiful opportunities for the advanced cinema projector market players. The rising urbanization has resulted in growth of media & entertainment industry. Also, the wide application of advanced cinema projectors at cinema halls, auditoriums, and residential places anticipated to enhance the market growth during the forecast period. The region is the largest continent in the world and is recognized for its technological innovations. Rapid advancement in technologies, along with policy support as well as economic digitization are among the major factors that support the transition of economies in APAC from the growing stage to the developed stage. There are several advanced technologies that are been used in cinema projectors such as digital light processing (DLP), liquid crystal display (LCD), and light emitting diode (LED). Further, now-a-days, the cinema screens are coming with new technological innovations such as digital, 3D, 4D, 5D, and others. For instance, in September 2020, Sony Corporation had launched its three new native 4K (4096 x 2160) home cinema projectors with SXRD panels for the consumer and custom installation (CI) channels. The VPL-VW715ES, VPL-VW915ES, and flagship VPL-GTZ380 models offer an incredibly clear HDR experience by implementing new X1 picture processor for projector. Further, in October 2018, 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. Therefore, the growing use of advanced technologies in cinema projectors are influencing the growth of advanced cinema projector market in the region.
APAC, the manufacturing hub of consumer electronics, houses several well-established and small/emerging advanced cinema projectors. Since the outbreak of the COVID-19 in China, the manufacturers of advanced cinema projectors have been experiencing a significant downfall in the demand for their products. This affected their annual sales in 2020. Japanese and Taiwanese advanced cinema projector manufacturers were also hit hard due to the COVID-19 outbreak, and the subsequent closure of cinema theaters and the hospitality industry especially restaurants. Owing to this, APAC suffered the maximum loss in the global advanced cinema projector market in 2020. India, another crucial country in terms of the cinema industry, maintained the decision to close cinema theaters. This resulted in a severe loss for the cinema theater owners, which resulted in limited attraction toward newer or technologically enhanced cinema projectors. This factor negatively affected the growth of the advanced cinema projector market. In addition, the surge in second and third waves of COVID-19 in India, Japan, South Korea, and Australia in 2021 weakened the demand for advanced systems from commercial customers in the advanced cinema projector market. This is further expected to showcase slower growth in the market through 2021.
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Market Overview and Dynamics
The advanced cinema projector market in APAC is expected to grow from US$ 443.66 million in 2021 to US$ 827.21 million by 2028; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028. The growing media and entertainment industry across APAC region is also one of the major factor in the growth of advanced cinema projector market. As, according to the India Brand Equity Foundation data of May 2021, the Indian media and entertainment industry would experience a strong phase of growth due to the rising consumer demand and improving advertising revenue. Further, according to the Deloitte website data of 2020, the Chinese box office is on rise, overtaking the North America market. The Chinese film market is rising due to the three factors such as policy, internet, and funding. Thus, with rising media and entertainment industry across APAC and growing preference for watching movies at residential places, are anticipated to increase the demand in the market.
Key Market Segments
The APAC 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 APAC advanced cinema projector market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. Japan held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the advanced cinema projector market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Barco NV; BENQ Corporation; Christie Digital; Delta Electronics, Inc.; Hitachi Ltd.; Infocus Corporation; LG Electronics Inc.; Optoma Corporation; Panasonic Corporation; and Sharp Corporation.
Reasons to buy report
- To understand the APAC advanced cinema projector market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC advanced cinema projector market.
- Efficiently plan M&A and partnership deals in APAC advanced cinema projector market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC advanced cinema projector market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC Advanced Cinema Projector Market Segmentation
APAC Advanced Cinema Projector Market - By Illumination Source
- Lamp
- RGB Pure Laser
APAC Advanced Cinema Projector Market - By End User
- Residential
- Commercial
APAC Advanced Cinema Projector Market - By Resolution
- 2K
- 4K
APAC Advanced Cinema Projector Market - By Lumens
- 1000 – 5000
- 5001 – 10000
- 10001 – 30000
- Above 30000
APAC Advanced Cinema Projector Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Advanced Cinema Projector Market - Company Profiles
- Barco NV
- BENQ Corporation
- Christie Digital
- Delta Electronics, Inc.
- Hitachi Ltd.
- Infocus Corporation
- LG Electronics Inc.
- Optoma Corporation
- Panasonic Corporation
- Sharp Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Advanced Cinema Projector Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
5. APAC Advanced Cinema Projector Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Usage of Advanced Cinema Projectors Among Residential Sectors
5.1.2 Heavy Demand for Advanced Cinema Projectors in Commercial Usages
5.2 Market Restraints
5.2.1 Laser Projectors Being Costly Hampers Market Growth in Developing Countries
5.3 Market Opportunities
5.3.1 Next Generation Cinema Projectors Getting Developed
5.4 Future Trends
5.4.1 3D Enhanced Projectors Coming in Trend
5.5 Impact Analysis of Drivers and Restraints
6. Advanced Cinema Projector Market – APAC Analysis
6.1 Overview
6.2 APAC Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
7. APAC Advanced Cinema Projector Market Analysis – By Illusion Source
7.1 Overview
7.2 APAC Advanced Cinema Projector Market, By Illusion Source (2020 and 2028)
7.3 Lamp
7.3.1 Overview
7.3.2 Lamp: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
7.4 RGB Pure Laser
7.4.1 Overview
7.4.2 RGB Pure Laser: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Advanced Cinema Projector Market Analysis – By End User
8.1 Overview
8.2 APAC Advanced Cinema Projector Market, By End User (2020 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Advanced Cinema Projector Market Analysis – By Resolution
9.1 Overview
9.2 APAC Advanced Cinema Projector Market, By Resolution (2020 and 2028)
9.3 2K
9.3.1 Overview
9.3.2 2K: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
9.4 4K
9.4.1 Overview
9.4.2 4K: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Advanced Cinema Projector Market Analysis – By Lumens
10.1 Overview
10.2 APAC Advanced Cinema Projector Market, By Lumens (2020 and 2028)
10.30 – 5000
10.3.1 Overview
10.3.20 – 5000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
10.41 – 10000
10.4.1 Overview
10.4.21 – 10000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
10.501 – 30000
10.5.1 Overview
10.5.201 – 30000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Above 30000
10.6.1 Overview
10.6.2 Above 3000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11. APAC Advanced Cinema Projector Market – Country Analysis
11.1 Overview
11.1.1 APAC: Advanced Cinema Projector Market, By Country
11.1.1.1 Australia: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Advanced Cinema Projector Market, By Illusion Source
11.1.1.1.2 Australia: Advanced Cinema Projector Market, By End User
11.1.1.1.3 Australia: Advanced Cinema Projector Market, By Resolution
11.1.1.1.4 Australia: Advanced Cinema Projector Market, By Lumens
11.1.1.2 China: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Advanced Cinema Projector Market, By Illusion Source
11.1.1.2.2 China: Advanced Cinema Projector Market, By End User
11.1.1.2.3 China: Advanced Cinema Projector Market, By Resolution
11.1.1.2.4 China: Advanced Cinema Projector Market, By Lumens
11.1.1.3 India: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Advanced Cinema Projector Market, By Illusion Source
11.1.1.3.2 India: Advanced Cinema Projector Market, By End User
11.1.1.3.3 India: Advanced Cinema Projector Market, By Resolution
11.1.1.3.4 India: Advanced Cinema Projector Market, By Lumens
11.1.1.4 Japan: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: Advanced Cinema Projector Market, By Illusion Source
11.1.1.4.2 Japan: Advanced Cinema Projector Market, By End User
11.1.1.4.3 Japan: Advanced Cinema Projector Market, By Resolution
11.1.1.4.4 Japan: Advanced Cinema Projector Market, By Lumens
11.1.1.5 South Korea: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Advanced Cinema Projector Market, By Illusion Source
11.1.1.5.2 South Korea: Advanced Cinema Projector Market, By End User
11.1.1.5.3 South Korea: Advanced Cinema Projector Market, By Resolution
11.1.1.5.4 South Korea: Advanced Cinema Projector Market, By Lumens
11.1.1.6 Rest of APAC: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of APAC: Advanced Cinema Projector Market, By Illusion Source
11.1.1.6.2 Rest of APAC: Advanced Cinema Projector Market, By End User
11.1.1.6.3 Rest of APAC: Advanced Cinema Projector Market, By Resolution
11.1.1.6.4 Rest of APAC: Advanced Cinema Projector Market, By Lumens
12. APAC Advanced Cinema Projector Market - COVID-19 Impact Analysis
12.1 Overview
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Barco NV
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 BenQ Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Christie Digital Systems
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Delta Electronics, Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Hitachi, Ltd.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 InFocus Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 LG Electronics
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Optoma Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Panasonic Corporation
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Sharp Corporation
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. APAC Advanced Cinema Projector Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Australia Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 6. China Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 7. China Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. China Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 9. China Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 10. India Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 11. India Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. India Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 13. India Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of APAC Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of APAC Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of APAC Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of APAC Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Advanced Cinema Projector Market Segmentation
Figure 2. APAC Advanced Cinema Projector Market Segmentation – By Country
Figure 3. APAC Advanced Cinema Projector Market Overview
Figure 4. APAC Advanced Cinema Projector Market, by Illusion Source
Figure 5. APAC Advanced Cinema Projector Market, By Resolution
Figure 6. APAC Advanced Cinema Projector Market, By Country
Figure 7. APAC – PEST Analysis
Figure 8. APAC Advanced Cinema Projector Market – Ecosystem Analysis
Figure 9. APAC Advanced Cinema Projector Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Advanced Cinema Projector Market Revenue Share, By Illusion Source (2020 and 2028)
Figure 12. APAC Lamp: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC RGB Pure Laser: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Advanced Cinema Projector Market Revenue Share, By End User (2020 and 2028)
Figure 15. APAC Residential: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Commercial: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Advanced Cinema Projector Market Revenue Share, By Resolution (2020 and 2028)
Figure 18. APAC 2K: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC 4K: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Advanced Cinema Projector Market Revenue Share, By Lumens (2020 and 2028)
Figure 21. APAC 1000 – 5000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC 5001 – 10000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC 10001 – 30000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Above 3000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC: Advanced Cinema Projector Market, by Key Country – Revenue (2020) (US$ Million)
Figure 26. APAC: Advanced Cinema Projector Market Revenue Share, By Country (2020 and 2028)
Figure 27. Australia: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. China: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. India: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Japan: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of APAC: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in APAC Country Markets
- Barco NV
- BENQ Corporation
- Christie Digital
- Delta Electronics, Inc.
- Hitachi Ltd.
- Infocus Corporation
- LG Electronics Inc.
- Optoma Corporation
- Panasonic Corporation
- Sharp Corporation
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