Middle East and Africa Advanced Cinema Projector Market

Market Introduction

The advanced cinema projector market in the MEA is further segmented into South Africa, Saudi Arabia, and the UAE. The swift growth of the media & entertainment industry in the region is attributed to factors such as robust economic growth, strong consumer demand in Gulf countries, and high spending potential. The Gulf countries are economically advanced, while the African countries still to balance their economic conditions. In addition, the rising disposable incomes in developing countries of Africa, growing population, rapid procurement of advanced and innovative electronic devices, and rising infrastructural development in both the MEA countries are anticipated to contribute toward the advanced cinema projector market growth. Thus, it is foreseen to propel further the demand for advanced cinema projectors in the MEA region.

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.              

Market Overview and Dynamics

The advanced cinema projector market in MEA is expected to grow from US$ 96.07 million in 2021 to US$ 127.29 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The advanced cinema projector for residential application is constantly gaining popularity in the market as customers are curious to have high quality visual experience at home. Additionally, increasing spending capacity and rising disposable income are boosting the adoption of advanced cinema projectors as a home theater application. Also, lockdowns initiated by the governments to prevent the spread of COVID-19 has further propelled the demand for advanced cinema projectors. As a result, the customers are purchasing new home entertainment products such as advanced cinema projectors to enjoy their time indoors amid the pandemic. For instance, in September 2020, BenQ introduced new BenQ TH585, a Full HD Home entertainment projector, in India. This new projector provides high resolution and high picture quality for customers to watch movies and shows on the screen at home.

Key Market Segments

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.

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 MEA 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 LG Electronics Inc.; Panasonic Corporation; and Sharp Corporation.       

Reasons to buy report

• To understand the MEA 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 MEA advanced cinema projector market.
• Efficiently plan M&A and partnership deals in MEA 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 MEA advanced cinema projector market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA Advanced Cinema Projector Market Segmentation

MEA Advanced Cinema Projector Market - By Illumination Source

• Lamp
• RGB Pure Laser

MEA Advanced Cinema Projector Market - By End User

• Residential
• Commercial

MEA Advanced Cinema Projector Market - By Resolution

• 2K
• 4K

MEA Advanced Cinema Projector Market - By Lumens

• 1000 – 5000
• 5001 – 10000
• 10001 – 30000
• Above 30000

MEA Advanced Cinema Projector Market - By Country

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

MEA Advanced Cinema Projector Market - Company Profiles

• Barco NV
• BENQ Corporation
• Christie Digital
• Delta Electronics, Inc.
• Hitachi Ltd.
• LG Electronics Inc.
• Panasonic Corporation
• Sharp Corporation

Middle East and Africa Advanced Cinema Projector Market Strategic Insights

Middle East and Africa Advanced Cinema Projector Market Segmentation Analysis

Middle East and Africa Advanced Cinema Projector Market Report Highlights

Middle East and Africa Advanced Cinema Projector Report Scope

Middle East and Africa Advanced Cinema Projector Market Country and Regional Insights