North America 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)

Code: TIPRE00024767 | Pages: 131 | Industry: Electronics and Semiconductor | Date: Sep 2021
Covid

Market Introduction

North America is the most technologically advanced region, with the US, Canada, and Mexico being the major economies. Advanced cinema projectors are used across commercial and residential sectors. For instance, Laser video projectors are gaining immense traction as standard fixtures across the US and Canada. Moreover, laser projectors offer high-resolution and high-definition pictures, which is one of the key reasons for their adoption in the commercial and residential sectors. The use of advanced technologies integrated with the projector, particularly in the US, is very high. This is attributed to the high disposable income of the masses and growing interest in using advanced equipment for entertainment purposes. The companies in countries, including the US and Canada, are early adopters of advanced technologies; thus, such technologies are relatively mature. This may create a need for replacement or up-gradation of old systems, including the projector. Most organizations in the diverse industries of the North American region are undergoing digital transformation, which will propel the growth of the advanced cinema projector market.

North American market suffered huge economic loss in 2020 owing to significantly higher number of COVID-19 patient’s cases, specifically in the US. In order to curb the spread of the virus, the government announced shutdown protocols for all the commercial places, including cinema theatres, outdoor cinema venues, and restaurants and lounges. This reflected havoc loss in revenues among the owners of the cinema theatres, restaurants, outdoor cinema venues, and lounges. The owners of the respective venues mentioned above focused on maintaining their operational costs and refrained themselves from investing on procurement of newer products. This resulted in drop in demand for advanced cinema projectors which affected the advanced cinema projectors. From the supply side perspective, the US and Canada have noteworthy number of advanced cinema projector manufacturers and suppliers across respective borders. However, due to disruption in supply chain across the globe, the supply and sourcing business of the manufacturers and suppliers declined drastically, resulting negatively on the advanced cinema projector growth. Additionally, in order to adhere to governmental norms, the manufacturing facilities of advanced cinema projectors witnessed limited footfall of employees, which resulted in limited production volumes. This is another key hindering factor for the growth of advanced cinema projector market in North America.              


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Market Overview and Dynamics

The advanced cinema projector market in North America is expected to grow from US$ 207.01 million in 2021 to US$ 321.99 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028. The region is one of the early adopters of advanced technology, which permits the individual and the cinema hall/IMAX owners to adopt these advanced cinema projectors to deliver an enhanced visual experience to the viewers.  Furthermore, the presence of a large number of advanced cinema projector manufacturers in the region also supports the growth of the market. Some prominent market players are BenQ, InFocus Corporation, Christie Digital Systems, Viewsonic, Wolf Cinema, and Boxlight, which are robustly focusing on designing and offering advanced technological equipment to the customer. Moreover, the production house in the region produces 3D cinemas, which demand the installation of a 3D advanced laser projector by the theatre/IMAX owner. For instance, BenQ in the US offers its 4K UHD Home Entertainment Projectors for a sports fan.

Key Market Segments

The North America 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. 10001–30000 segment held the largest market share in 2020. Based on country, the North America advanced cinema projector market is segmented into US, Canada, and Mexico. US 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 North America 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 North America 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 North America advanced cinema projector market.
  • Efficiently plan M&A and partnership deals in North America 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 North America advanced cinema projector market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Advanced Cinema Projector Market Segmentation

North America Advanced Cinema Projector Market - By Illumination Source

  • Lamp
  • RGB Pure Laser

North America Advanced Cinema Projector Market - By End User

  • Residential
  • Commercial

North America Advanced Cinema Projector Market - By Resolution

  • 2K
  • 4K

North America Advanced Cinema Projector Market - By Lumens

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

North America Advanced Cinema Projector Market - By Country

  • US
  • Canada
  • Mexico

North America 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.           North America Advanced Cinema Projector Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

5.           North America Advanced Cinema Projector Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Usage of Advanced Cinema Projectors Across Residential Sector

5.1.2        Rising Need for Advanced Cinema Projectors in Commercial Applications

5.2         Market Restraints

5.2.1        Huge Cost of Laser Projectors to Hamper Market Growth

5.3         Market Opportunities

5.3.1        Production of Next Generation Cinema Projectors

5.4         Future Trends

5.4.1        Rising Adoption of 3D Advanced Projectors

5.5         Impact Analysis of Drivers and Restraints

6.           Advanced Cinema Projector Market – North America Analysis

6.1         Overview

6.2         North America Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

7.           North America Advanced Cinema Projector Market Analysis – By Illusion Source

7.1         Overview

7.2         North America 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.           North America Advanced Cinema Projector Market Analysis – By End User

8.1         Overview

8.2         North America 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.           North America Advanced Cinema Projector Market Analysis – By Resolution

9.1         Overview

9.2         North America 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.        North America Advanced Cinema Projector Market Analysis – By Lumens

10.1      Overview

10.2      North America 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.        North America Advanced Cinema Projector Market – Country Analysis

11.1      Overview

11.1.1     North America: Advanced Cinema Projector Market, By Country

11.1.1.1       US: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1       US: Advanced Cinema Projector Market, By Illusion Source

11.1.1.1.2       US: Advanced Cinema Projector Market, By End User

11.1.1.1.3       US: Advanced Cinema Projector Market, By Resolution

11.1.1.1.4       US: Advanced Cinema Projector Market, By Lumens

11.1.1.2       Canada: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1       Canada: Advanced Cinema Projector Market, By Illusion Source

11.1.1.2.2       Canada: Advanced Cinema Projector Market, By End User

11.1.1.2.3       Canada: Advanced Cinema Projector Market, By Resolution

11.1.1.2.4       Canada: Advanced Cinema Projector Market, By Lumens

11.1.1.3       Mexico: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1       Mexico: Advanced Cinema Projector Market, By Illusion Source

11.1.1.3.2       Mexico: Advanced Cinema Projector Market, By End User

11.1.1.3.3       Mexico: Advanced Cinema Projector Market, By Resolution

11.1.1.3.4       Mexico: Advanced Cinema Projector Market, By Lumens

12.        North America Advanced Cinema Projector Market - COVID-19 Impact Analysis

12.1      North America: 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.             North America Advanced Cinema Projector Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.             US Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)

Table 3.             US Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)

Table 4.             US Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)

Table 5.             US Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Canada Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Canada Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Mexico Advanced Cinema Projector Market, By Illusion Source– Revenue and Forecast to 2028 (US$ Million)

Table 11.          Mexico Advanced Cinema Projector Market, By End User – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Mexico Advanced Cinema Projector Market, By Resolution – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Mexico Advanced Cinema Projector Market, By Lumens – Revenue and Forecast to 2028 (US$ Million)

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Advanced Cinema Projector Market Segmentation

Figure 2.           North America Advanced Cinema Projector Market Segmentation – By Country

Figure 3.           North America Advanced Cinema Projector Market Overview

Figure 4.           North America Advanced Cinema Projector Market, by Illusion Source

Figure 5.           North America Advanced Cinema Projector Market, By Resolution

Figure 6.           North America Advanced Cinema Projector Market, By Country

Figure 7.           North America – PEST Analysis

Figure 8.           North America Advanced Cinema Projector Market – Ecosystem Analysis

Figure 9.           North America Advanced Cinema Projector Market: Impact Analysis of Drivers and Restraints

Figure 10.        North America Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        North America Advanced Cinema Projector Market Revenue Share, By Illusion Source (2020 and 2028)

Figure 12.        North America Lamp: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        North America RGB Pure Laser: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Advanced Cinema Projector Market Revenue Share, By End User (2020 and 2028)

Figure 15.        North America Residential: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Commercial: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Advanced Cinema Projector Market Revenue Share, By Resolution (2020 and 2028)

Figure 18.        North America 2K: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America 4K: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America Advanced Cinema Projector Market Revenue Share, By Lumens (2020 and 2028)

Figure 21.        North America 1000 – 5000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        North America 5001 – 10000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        North America 10001 – 30000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America Above 3000: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        North America: Advanced Cinema Projector Market, by Key Country – Revenue (2020) (US$ Million)

Figure 26.        North America Advanced Cinema Projector Market Revenue Share, By Country (2020 and 2028)

Figure 27.        US: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Canada: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Mexico: Advanced Cinema Projector Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Impact of COVID-19 Pandemic in North American Country Markets

  1. Barco NV
  2. BENQ Corporation
  3. Christie Digital
  4. Delta Electronics, Inc.
  5. Hitachi Ltd.
  6. Infocus Corporation
  7. LG Electronics Inc.
  8. Optoma Corporation
  9. Panasonic Corporation
  10. Sharp Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America advanced cinema projector market
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