Video Equipment Market 2021 Growing Demand, Growth and Industry Outlook to 2025 - Bose Corporation, LG Electronics Inc., Panasonic Corporation, Sony Corporation, Samsung Electronics

The “Video Equipment Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Video Equipment market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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The study includes market share analysis and profiles of players such as Bose Corporation, LG Electronics Inc., Panasonic Corporation, Sony Corporation, Samsung Electronics, Bowers & Wilkins, Atlantic Technology, Definitive Technology, GoldenEar Technology, and Pioneer.

The global video equipment market is expected to grow from $90.61 billion in 2020 to $109.8 billion in 2021 at a compound annual growth rate (CAGR) of 21.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $125.37 billion in 2025 at a CAGR of 3%.

Executive Summary:

The video equipment market consists of sales of video equipment and related services that are used in various applications such as residential and commercial purposes. Video equipment include televisions, video cameras, Blue-ray players, and video cassette recorders.

The rise in disposable incomes was a major driver for the video equipment market. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India and Brazil. According to the World bank, the per capita net disposal income of lower middle-income countries is expected to be in between $1,036 and $4,045 and per capita net disposal income of upper middle-income countries is expected to be in between $4,046 and $12,535 in 2021. Increased earnings greatly increased disposable incomes in the emerging markets, increasing the demand for consumer electronics products such as televisions and home theatre systems.

In February 2019, GN Group, a Danish based Electrical & Electronic Manufacturing company acquired Altia Systems for $125 million. Through this acquisition GN Group is aiming to improve the quality of audio and video communications over digital networks. Altia Systems, a venture-backed company based in Cupertino.

The demand for Ultra HD televisions is increasing rapidly, as they are energy efficient and offer high quality images. Ultra HD televisions include 4K and 8K UHDs that have an aspect ratio of 16:9 or wider, and also present a minimum resolution of 3840x2160 pixels. The transition from traditional CRT and LCD TVs to ultra HD TVs has been fast owing to brisk pace in technological advances. For instance, in 2019, worldwide sales of 4K ultra-high-definition televisions reached 100 million units, thus, indicating high demand for ultra HD 4k and 8k televisions.

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Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Video Equipment market.

The Regional Analysis is exclusively focused in the report:

Asia Pacific was the largest region in the global Video Equipment market, accounting for 34.7% of the total in 2020. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the Video Equipment market will be the Middle East and South America, where growth will be at CAGRs of 10.5% and 10.4% respectively during 2020-2025. These will be followed by Africa and Asia Pacific, where the markets are expected to grow at CAGRs of 9.8% and 8.7% respectively.

The study objectives of this report are:

To study and analyze the global Video Equipment size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2024, and forecast to 2025.
To understand the structure of Video Equipment by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Video Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Video Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Video Equipment submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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This release was published on openPR.