Audio And Video Equipment Market 2020: Global Growth, Size, Share, Geography, Statistics, Top Players, 2022 Forecast

Audio And Video Equipment Market - By Type Of Product (Video Equipment And Audio Equipment), Trends, Maret Size, Market Share, And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global audio and video equipment market reached a value of nearly $160.4 billion in 2018, having declined at a compound annual growth rate (CAGR) of -1.86% since 2014, and is expected to marginally decline at a CAGR of -0.05% to nearly $160.1 billion by 2022.

The key drivers of the audio and video equipment market include:
Growing Demand For Wireless Audio Devices And Smart TVs:
The audio and video equipment market is expected to be driven by growing demand for wireless audio devices and smart TVs. The demand for wireless audio devices is growing rapidly due to changing consumers’ behavior in media consumption and increasing popularity of mobile devices. Consumers are increasingly using their mobile devices, laptops and tablets to play audio on speakers wirelessly, which is driving the growth of Wi-Fi and Bluetooth connected speakers. Also, growing demand for smart TVs will be driven by the rising consumer preference for built-in smart functions in increasing internet penetration and personal devices. Companies such as Samsung, Sony, LG and Bose are launching wireless audio products and smart TVs.

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Audio And Video Equipment Market Segmentation:
The audio and video equipment market is segmented by type of equipment, by end-use and by geography.
By Type Of Equipment- The audio and video equipment market can be segmented by type of equipment
a) Video Equipment
b) 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
a) B2B
b) 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

Some of the major key players involved in audio and video equipment market are
• Samsung Electronics Co. Ltd
• Sony Corporation
• LG Electronics
• TCL
• Panasonic

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