Press release
Audio And Video Equipment Market 2020-2030 Business Opportunities, Modern Global Trends, Market Challenges, Key Players Analysis | Covid 19 Impact And Recovery
Audio And Video Equipment Market
The global audio and video equipment market is expected to decline from $153.9 billion in 2019 to $141.6 billion in 2020 at a compound annual growth rate (CAGR) of -8.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 1% from 2021 and reach $143.6 billion in 2023.
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The audio and video equipment market consists of sales of audio and video equipment by entities (organizations, sole traders and partnerships) that produce audio and video equipment audio and video equipment for home entertainment, musical instrument amplification, motor vehicles, and public address systems. Audio and video equipment products include televisions, speaker systems, video cassette recorders, stereo equipment, household-type video cameras, jukeboxes, and amplifiers for musical instruments and public address systems.
The demand for wireless audio equipment market is increasing rapidly due to increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using their mobile devices, tablets and laptops to wirelessly play audio on speakers, which is driving the growth of Wi-Fi and Bluetooth connected speakers. To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS and Qualcomm are also launching wireless audio products or platforms. Some of the popular Wi-Fi audio equipment include Sonos Wi-Fi speakers, Bose’s SoundTouch system, Amazon’s Echo speakers.
Audio And Video Equipment Market Segmentation: -
By Type
Audio Equipment
Video Equipment
By End-Use
B2B
B2C
By Sales Channel
OEM
Aftermarket
By Mode
Online
Offline
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Audio And Video Equipment Market Characteristics
4. Audio And Video Equipment Market Product Analysis
5. Audio And Video Equipment Market Supply Chain
.....
20. Audio And Video Equipment Market Competitive Landscape
21. Key Mergers And Acquisitions In The Audio And Video Equipment Market
22. Market Background: Electronic Products Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the Audio And Video Equipment Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Audio And Video Equipment Market are Samsung Electronics Co Ltd; Sony Corp; LG Electronics Inc; Panasonic Corporation; Bose Corporation
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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