Press release
Video Audio Equipment Industry New Innovations Development Factors, Future Scope, Challenges Forecast to 2022
The audio and video equipment market consists of sales of audio and visual (or video) equipment by entities (organizations, sole traders and partnerships) that manufacture audio and video equipment used for home entertainment, musical instrument amplification, motor vehicles, and public address. Audio and video equipment are also known as audio and video devices. Audio and video equipment includes televisions, speaker systems, video cassette recorders, stereo equipment, household-type video cameras, jukeboxes, and amplifiers for musical instruments and public address systems.
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The top opportunities in the global audio and video equipment market will arise in the video equipment segment, which will gain $2.8 billion of global annual sales by 2022. The global audio equipment market segment will contract by $3.1 billion, however, it will grow in terms of volume sales. The top opportunities in the global video equipment market will arise in the television segment, which will gain $8.9 billion of global annual sales by 2022.
Audio And Video Equipment Market Segmentation: -
By Type Of Equipment - The audio and video equipment market can be segmented by type of equipment
1. Video Equipment
2. Audio Equipment
The video Equipment market can be segmented into Television, Video Cameras, and Video Players. The Audio Equipment market can be segmented into Music Players And Other Audio Devices, Loudspeakers And Sound Bars, Microphones, and Amplifiers And Mixers. The video equipment market was the largest segment of the audio and video equipment market, accounting for 78% of the total in 2018. Going forward, the fastest-growing segments in the audio and video equipment market will be video equipment, where growth will be at CAGR of 0.6%.
By End-Use - The audio equipment market and video equipment market are segmented at global level type of end-use into
1. B2B
2. B2C
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By Geography - The audio and video equipment market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa
Asia Pacific was the largest region in the global audio and video equipment market, accounting for 29.9% of the total in 2018. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the audio and video equipment market will be Africa and South America.
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Some of the major key players involved in the audio and video equipment market are Samsung Electronics Co. Ltd, Sony Corporation, LG Electronics, TCL, Panasonic, Bose Corporation, Harman International Industries, Inc., Pioneer Corporation, Klipsch, LLC, MartinLogan Ltd., Polk Audio, Inc., Amphion Loudspeakers Ltd., Audison, Behringer, AOC International, Philco International, Whatmough, Sansui Electric Co.. Ltd., Foster Electric Co., Ltd., Sansui Electric Co.. Ltd., Orion Electronics Ltd.
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