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The demand for high-quality movies with enhanced VFX is increasing globally. Instruments, such as depth sensors and HD video cameras, and visual effects (VFX) photography are increasingly being used to enhance the movie experience for viewers. For instance, DepthKit, which was developed by Microsoft, is a markerless motion-capturing device that has been introduced in the entertainment industry. It enables photographers to photograph objects such as 3D sculptures.
After syncing the kit with the camera, the photographer can capture 3D CGI sculptures for every frame that is included in the film, thereby enhancing the overall 3D effect. Moreover, the increasing immediacy and flexibility of digital movies will propel the movie theater market growth over the next few years. The global movie theater industry statistics report compiled by Technavio’s market research analyst predict that the movie theatre market will grow steadily at a CAGR of around 7% by 2021. One of the key factors responsible for the movie theatre market growth is the rise in the demand for high-quality movies.
The global movie theater market is experiencing an increasing demand and sustainable growth. A limited number of theaters in the market provide digital cinema initiatives (DCI) standard projectors and servers for digital cinema. The established players dominate the market with their innovative and high-quality products. Due to the emergence of new players, the competition in the movie theater market is expected to intensify during the forecast period.
Leading vendors in the market are -
Other prominent vendors in the global movie theater market include B&B Theatres, Beta Cineplex Thái Nguyên, Cinemark Theatres, CGV Cinemas, Galaxy Cinemas, Golden Screen Cinemas, Harkins Theatres, INOX Leisure, Landmark Cinemas, Lotte Cinema, Mega GS, Megaplex Theaters, National Amusements, Omniplex Cinemas, Picturehouse, PVR Cinemas, Reel Cinemas, SF Bio, Wave Cinemas, and WE Cinemas.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market over the next four years, according to the movie theater market statistic report. This dominance can be attributed to, the presence of the highest number of digital screens in the region. Digitization is growing at a fast rate in the South American countries. Countries in the region like Saint Kitts and Nevis, Aruba, and the US ranked among the highest in terms of the number of screens.
Segmentation by screen and the movie theater market analysis
During 2016, the 3D screen movie theater was number one movie theater market segment that dominated the industry and accounted for a major part of the overall market share, as per the movie theatre market analysis report. The rising demand for 3D movies, the number of 3D televisions and movie screens is increasing. Movies such as, James Cameron's Avatar, which was released in 2009, changed the landscape of the film industry. After the success of Avatar, 3D cinemas across the world has grown exponentially. The growing demand for 3D movies is also encouraging vendors to focus on technological advances. For instance, wearing 3D glasses is not very comfortable for the viewers, to overcome this, theaters are coming up with alternatives, such as the lenticular lens technology, to provide customers a better experience. Owing to the growing demand for high-quality 3D movies, the theaters are expected to be flooded with movies during the forecast period.
The multiplex segment accounted for the maximum market share during 2016 and will continue to be the most dominating movie theatre market segment for the next few years. The key factor for this dominance is the presence of multiplexes in recreational centers and shopping malls. Multiplexes are largely popular in developing countries like China and India. Also, there have been several mergers and acquisitions in this segment of the movie theater market. For instance, in 2015, Alibaba Pictures Group, a subsidiary of the Alibaba Group, invested to buy stakes in Dadi Cinema, which is one of the largest movie theater chains in China.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by screen
PART 07: Market segmentation by type
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: Explore Technavio
Tags: cinema, auditorium, projector, media storage, consumer technology, media and entertainment services top companies, ,
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