Cinema LED Screen Market: Introduction
Cinema LED screen can be referred as cinema screen, which has the ability to create realistic and deep black color expression for High Dynamic Range (HDR) picture and video quality. Cinema LED screen can achieve nearly 10 times the peak brightness of standard projector-based alternatives.
The concept of cinema LED screen came into existence with the continuous development in video viewing experience. The series of development was as follows:
- In 1900 there was the evolution of film projectors
- In 2000 there was development of lamp projector
In year 2015 there was development of laser projector and with the continuous focus on development of video viewing platform there was the evolution of cinema LED screen in year 2017.
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Global Cinema LED Screen Market Dynamics
Increasing Demand for High Video Quality Viewing Experience due to increase in the Personal Disposable Income is driving the Growth of Cinema LED Screen Market
Increase in Focus on Environment-friendly Video Viewing Experience
The focus on better video quality with least emission and minimal environmental impact has increased across the globe. Energy efficiency, lack of toxic elements, less energy consumption, and long lifespan are the major advantages of LED screen. These advantages help products to sustain for long period of time, as they do not harm the environment. Demand for cinema LED screen has been increasing due to the rise in focus of governments on environment-friendly displays. This trend is estimated to continue in the near future.
Rise in Disposable Income
Demand for better video quality and better viewing experience in cinema has increased owing to the rise in disposable income of consumers. Personal disposable income has increased exponentially across the globe in the last 10 years. The trend has shifted from quantity based consumption to quality based consumption. Cinema LED screen has the ability to render 4K video, whose resolution is four times higher than the current high-definition television standard.
High Initial Cost of Deployment Could Restrict the Growth of Cinema LED Screen Market
High Cost of Deployment
The cost of cinema LED screen is very high due to the advanced technologies and presence of low number of players in the market. For instance, Onyx, a global provider of cinema LED screen, charges nearly US$ 700,000 for a single LED screen deployment. Thus, high price and cost of deployment are expected to hamper the market in the near future.
North America Expected to Dominate the Cinema LED Screen Market
In terms of region, the global cinema LED screen market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global cinema LED screen market during the forecast period. Various companies providing cinema viewing service such as Warehouse Cinemas and Star Cinema Grill are continuously adopting and partnering with cinema LED screen providers. Thus, the adoption of cinema LED screen is high in North America.
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Global Cinema LED Screen Market – Competitive Landscape
- In April 2019, Samsung launched the world's largest Onyx Cinema LED screen. The launch of the screen was held at Swagath Cinemas. Bengaluru.
Established in 1938, SAMSUNG is headquartered in Seoul, South Korea. The company majorly operates through three business segments: Consumer Electronics, IT & Mobile Communications, and Device Solutions. Cinema LED screens falls under the consumer electronics business segment. The company has high focus on digital display equipment. The company constantly keeps on developing new products to enhance the viewing experience of consumers.
Global Cinema LED Screen Market: Segmentation
The global cinema LED screen market can be segmented based on:
- Theatre Size
Cinema LED Screen Market Segmentation, by Theatre Size
Based on theatre size, the global cinema LED screen market can be divided into:
- Small & Medium Size Theatre
- Large Size Theatre
Regional analysis of the global cinema LED screen market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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