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
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.