Market Insights Advertising & Media Advertising

Cinema Advertising - Ireland

Ireland

Ad spending in the Cinema Advertising market is projected to reach €4.47m in 2024.
Ad spending is expected to show an annual growth rate (CAGR 2024-2029) of 5.09%, resulting in a projected market volume of €5.73m by 2029.
With a projected market volume of €870.30m in 2024, most revenue will be generated in the United States.
In the Cinema Advertising market, the number of viewers is expected to amount to 1.8m users by 2029.
The average ad spending per viewer in the Cinema Advertising market is projected to amount to €2.69 in 2024.

Marché

Région

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Analyst Opinion

The Cinema Advertising market in Ireland is experiencing significant growth and development in recent years.

Customer preferences: Customers in Ireland have shown a growing interest in cinema advertising due to its unique and immersive nature. Unlike other forms of advertising, cinema ads provide a captive audience in a darkened theater, where viewers are more likely to pay attention to the advertisements. Additionally, the large screen and high-quality audio in cinemas create a memorable and impactful advertising experience for consumers.

Trends in the market: One of the key trends in the cinema advertising market in Ireland is the increasing use of digital technology. Digital cinema screens are becoming more prevalent, allowing for more dynamic and interactive advertising content. Advertisers can now incorporate motion graphics, 3D effects, and even virtual reality experiences into their cinema ads, enhancing the overall viewer experience. This trend is driven by advancements in technology and the desire to create more engaging and memorable advertisements. Another trend in the market is the growing popularity of targeted advertising. Advertisers are now able to target specific audience segments based on demographic data, such as age, gender, and location. This allows for more personalized and relevant advertising messages, increasing the effectiveness of cinema ads. Additionally, the use of data analytics and artificial intelligence enables advertisers to measure the impact and ROI of their cinema advertising campaigns more accurately.

Local special circumstances: Ireland has a strong cinema culture, with a high number of cinema-goers compared to other countries. The Irish population has a strong affinity for film and regularly attends movie screenings, creating a prime opportunity for advertisers to reach a large and engaged audience. Furthermore, Ireland has a vibrant film industry, with several internationally renowned film festivals and production companies. This creates a unique environment where cinema advertising can leverage the country's rich cinematic heritage and engage with a culturally aware audience.

Underlying macroeconomic factors: The growth of the cinema advertising market in Ireland is also influenced by favorable macroeconomic factors. The Irish economy has been experiencing steady growth in recent years, leading to increased consumer spending and confidence. This economic stability provides advertisers with a conducive environment to invest in cinema advertising and reach a receptive audience. Additionally, Ireland's strong tourism industry attracts a significant number of international visitors, further expanding the potential reach of cinema ads. In conclusion, the Cinema Advertising market in Ireland is developing due to customer preferences for immersive and impactful advertising experiences, as well as the adoption of digital technology and targeted advertising. The unique cinema culture and strong macroeconomic factors in Ireland contribute to the growth and success of the market.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on the Cinema Advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising both on and off screen in cinemas, including ads shown before a movie and those displayed inside a cinema.

Modeling approach / market size:

Market size is determined by a combined top-down and bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party reports, and survey results from our primary research (e.g., Consumer Insights) to analyze the markets.as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, reported performance indicators of key market players as well as performance factors (e.g., user penetration and usage) to analyze the markets.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.