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Global Audio And Video Equipment Market (2022-2031) - Samsung Electronics Co Ltd, Sony Corp, LG Electronics Inc, Panasonic Corporation And Bose Corporation.
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The audio and video equipment global market report by the business research company identifies internet penetration will increase rapidly due to increased public and private investments to increase internet connectivity to be a major growth driver for the audio and video equipment market. Many audio and video equipment uses the internet to enhance the customer's experience. The growth in internet users will be also driven by greater access to affordable smartphones. In 2019, an estimated 4.1 billion people will use the Internet, representing a 5.3% increase over the previous year. In 2020, China reported that the country's internet user base had risen to 989 million, with more than 80 million going online in the aftermath of the coronavirus pandemic. Increased internet penetration increased the demand for connected audio and video devices.
The global audio and video equipment market grew from $149 billion in 2021 to $152.76 billion in 2022 at a compound annual growth rate (CAGR) of 2.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The audio and video equipment market is expected to grow to $160.64 billion in 2026 at a CAGR of 1.3%.
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Asia Pacific was the largest region in the audio and video equipment market in 2021. North America was the second largest region in the audio and video equipment market. The regions covered in the audio and video equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major companies in the audio and video equipment market include Samsung Electronics Co Ltd, Sony Corp, LG Electronics Inc, Panasonic Corporation and Bose Corporation.
The global audio and video equipment market is segmented -
1) By Type: Audio Equipment, Video Equipment.
2) By End-User: B2B, B2C.
3) By Sales Channel: OEM, Aftermarket.
4) By Mode: Online, Offline.
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The Audio And Video Equipment Market Report Contents Include
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
....
21. Audio And Video Equipment Market Competitive Landscape
22. Key Mergers And Acquisitions In The Audio And Video Equipment Market
23. Market Background: Electronic Products Manufacturing Market
24. Recommendations
25. Appendix
This 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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