The digital cinema projectors market was valued at US$440.689 million in 2018 and is expected to grow at a healthy CAGR during the forecast period. Digital cinema projector refers to the use of digital technology to project motion pictures as opposed to the earlier use of the analog medium for projecting motion pictures through reels of films, most commonly using the 35mm film gauge. Digital cinema projectors are easier to maintain than their earlier counterparts as there is very little upkeep for these projectors. Usually, digital cinema projectors use DLP (Digital Light Processing) for projection. Furthermore, this market is expected to grow at a significant rate on account of the growing Media/Entertainment industry specifically from countries like China and India, which is due to the improvement in the standards of living. Simultaneously, the digital cinema projectors market faces some challenges in the form of some prolific filmmakers preferring the 35mm film gauge as a medium of projection as well as new technological advancements such as a LED cinema screen rendering digital projectors useless.
Easy maintenance of these projectors.
Growing media and entertainment industry.
New technological advancements in this industry.
Slow adoption of new projectors over the traditional ones.
In October 2018, BenQ an internationally renowned provider for display solutions unveiled the line-up of Blue core laser projectors designed for higher education purpose and enterprise applications.
In April 2017, NEC introduced 35,000 Lumen 4K laser projector that utilizes a phosphor-based laser light engine that will help it to produce 35,000 Lumen.
The major players profiled in the digital cinema projectors market include Barco, Christie Digital Systems USA, Inc., Sony Corporation, NEC Corporation, and IMAX Corporation among others.
The digital cinema projectors market has been analyzed through the following segments:
Middle East and Africa