Europe 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
Germany, France, Russia, the UK, and Italy are among the major countries in Europe. Western Europe is well-known for its better living conditions, with residents experiencing higher income levels. It is one of the wealthiest regions on the continent of Europe, with more GDP per capita than the other parts. The high standard of living of people in western European countries drives the demand for advanced cinema projectors for residential use. Also, these countries comprise several organizations undergoing digital transformation, which is bolstering the growth of advanced cinema projectors. Furthermore, the European box office revenues accounted for 22% of the overall market share in 2019. Although, during the COVID-19 pandemic, the industry witnessed a downfall, owing to which the government announced several plans for supporting independent production. Other countries in the EU, including Germany, Hungary, Italy, and Poland, have also announced several strategies to support the film industry's growth during the COVID-19 epidemic. Such factors are expected to moderate the impact of COVID-19 on the EU film industry, thus creating a demand for advanced cinema projectors.
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.
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Market Overview and Dynamics
The advanced cinema projector market in Europe is expected to grow from US$ 316.50 million in 2021 to US$ 538.52 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028. Furthermore, a trend of shifting Hollywood productions to Europe has been witnessed in the last few years. As per the British Film Institute, in 2019, UK film & TV production increased by 11% in 2019 compared to 2018. Apart from the UK, several other EU countries, such as The Canary Islands, Ireland, and the Czech Republic, attract a surging number of movie production. Thus, the viewer demands high-quality visuals, enhanced brightness, and accurate colors to enjoy the movie at its best. Moreover, the rapid modifications in technology, business models, as well as consumer behavior have transformed the entertainment and media industry along with consumer's experience. The growing investment in advanced electronic equipment, which includes a wide range of cinema projectors, has increased tremendously, owing to the boosting expenditure and spending of the population across the region. The rising income of an individual and growing technological awareness among the masses in various European countries are also complementing the growth of the advanced cinema projectors market.
Key Market Segments
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.
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 Europe 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.
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Europe Advanced Cinema Projector Market Segmentation
Europe Advanced Cinema Projector Market - By Illumination Source
- Lamp
- RGB Pure Laser
Europe Advanced Cinema Projector Market - By End User
- Residential
- Commercial
Europe Advanced Cinema Projector Market - By Resolution
- 2K
- 4K
Europe Advanced Cinema Projector Market - By Lumens
- 1000 – 5000
- 5001 – 10000
- 10001 – 30000
- Above 30000
Europe Advanced Cinema Projector Market - By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe 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. Europe Advanced Cinema Projector Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
5. Europe Advanced Cinema Projector Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Advanced Cinema Projectors Across Residential Sector Rising in Europe
5.1.2 Advanced Cinema Projectors in Commercial Applications at High Demand
5.2 Market Restraints
5.2.1 Costly Laser Projectors to Hamper Market Growth
5.3 Market Opportunities
5.3.1 Next Generation Cinema Projectors Being Developed
5.4 Future Trends
5.4.1 Rising Acceptance of 3D Advanced Projectors
5.5 Impact Analysis of Drivers and Restraints
6. Advanced Cinema Projector Market – Europe Analysis
6.1 Overview
6.2 Europe Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Advanced Cinema Projector Market Analysis – By Illusion Source
7.1 Overview
7.2 Europe 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. Europe Advanced Cinema Projector Market Analysis – By End User
8.1 Overview
8.2 Europe 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. Europe Advanced Cinema Projector Market Analysis – By Resolution
9.1 Overview
9.2 Europe 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. Europe Advanced Cinema Projector Market Analysis – By Lumens
10.1 Overview
10.2 Europe 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. Europe Advanced Cinema Projector Market – Country Analysis
11.1 Overview
11.1.1 Europe: Advanced Cinema Projector Market, By Country
11.1.1.1 Germany: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Germany: Advanced Cinema Projector Market, By Illusion Source
11.1.1.1.2 Germany: Advanced Cinema Projector Market, By End User
11.1.1.1.3 Germany: Advanced Cinema Projector Market, By Resolution
11.1.1.1.4 Germany: Advanced Cinema Projector Market, By Lumens
11.1.1.2 France: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 France: Advanced Cinema Projector Market, By Illusion Source
11.1.1.2.2 France: Advanced Cinema Projector Market, By End User
11.1.1.2.3 France: Advanced Cinema Projector Market, By Resolution
11.1.1.2.4 France: Advanced Cinema Projector Market, By Lumens
11.1.1.3 Italy: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Italy: Advanced Cinema Projector Market, By Illusion Source
11.1.1.3.2 Italy: Advanced Cinema Projector Market, By End User
11.1.1.3.3 Italy: Advanced Cinema Projector Market, By Resolution
11.1.1.3.4 Italy: Advanced Cinema Projector Market, By Lumens
11.1.1.4 UK: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 UK: Advanced Cinema Projector Market, By Illusion Source
11.1.1.4.2 UK: Advanced Cinema Projector Market, By End User
11.1.1.4.3 UK: Advanced Cinema Projector Market, By Resolution
11.1.1.4.4 UK: Advanced Cinema Projector Market, By Lumens
11.1.1.5 Russia: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Russia: Advanced Cinema Projector Market, By Illusion Source
11.1.1.5.2 Russia: Advanced Cinema Projector Market, By End User
11.1.1.5.3 Russia: Advanced Cinema Projector Market, By Resolution
11.1.1.5.4 Russia: Advanced Cinema Projector Market, By Lumens
11.1.1.6 Rest of Europe: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Europe: Advanced Cinema Projector Market, By Illusion Source
11.1.1.6.2 Rest of Europe: Advanced Cinema Projector Market, By End User
11.1.1.6.3 Rest of Europe: Advanced Cinema Projector Market, By Resolution
11.1.1.6.4 Rest of Europe: Advanced Cinema Projector Market, By Lumens
12. Europe Advanced Cinema Projector Market - COVID-19 Impact Analysis
12.1 Europe: Impact Assessment of COVID-19 Pandemic
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. Europe Advanced Cinema Projector Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Germany Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 6. France Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 7. France Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. France Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 9. France Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 14. UK Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 15. UK Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 16. UK Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 17. UK Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Advanced Cinema Projector Market Segmentation
Figure 2. Europe Advanced Cinema Projector Market Segmentation – By Country
Figure 3. Europe Advanced Cinema Projector Market Overview
Figure 4. Europe Advanced Cinema Projector Market, by Illusion Source
Figure 5. Europe Advanced Cinema Projector Market, By Resolution
Figure 6. Europe Advanced Cinema Projector Market, By Country
Figure 7. Europe – PEST Analysis
Figure 8. Europe Advanced Cinema Projector Market – Ecosystem Analysis
Figure 9. Europe Advanced Cinema Projector Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Advanced Cinema Projector Market Revenue Share, By Illusion Source (2020 and 2028)
Figure 12. Europe Lamp: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe RGB Pure Laser: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Advanced Cinema Projector Market Revenue Share, By End User (2020 and 2028)
Figure 15. Europe Residential: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Commercial: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Advanced Cinema Projector Market Revenue Share, By Resolution (2020 and 2028)
Figure 18. Europe 2K: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe 4K: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Advanced Cinema Projector Market Revenue Share, By Lumens (2020 and 2028)
Figure 21. Europe 1000 – 5000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe 5001 – 10000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe 10001 – 30000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Above 3000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Advanced Cinema Projector Market, by Key Country– Revenue (2020) (US$ Million)
Figure 26. Europe: Advanced Cinema Projector Market Revenue Share, By Country (2020 and 2028)
Figure 27. Germany: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Italy: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. UK: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Russia: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Europe 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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