The Global Market for Digital Cinema Projectors is Projected to Inch Up to US$642 Million by 2024
Digital Transformation Maturity Dampens Growth in the Global Digital Cinema Projectors Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Digital Cinema Projectors market. The global market for Digital Cinema Projectors is projected to inch up to US$642 million by 2024 , restrained to a large extent by digital transformation maturity and the ensuing decline in market opportunities. Digitization of projection technology in cinemas which began at the turn of the millennium, is now reaching completion. Conventional film based or 35mm projectors are now fully replaced with digital projectors in most movie theaters worldwide. Few of the initial push factors that drove the digitization trend included low cost production and distribution of movies in digital format; convenience associated with digital movie distribution; better...