Pro AV Market Estimated to Exceed US$ 3.6 Billion Globally By 2028 | CAGR of 4.34%

According to IMARC Group latest report titled "Pro AV Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on Pro AV market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global pro AV market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.34% during 2023-2028.

Professional audio-visual (Pro AV) is an advanced audio or visual product and service that is widely utilized for advertising and marketing purposes. It involves integrating, installing, and managing audio and visual systems for business, educational, and entertainment purposes. This includes video conferencing systems, digital signage, speakers, projector systems, lighting and sound devices, companion whiteboard recording equipment, building automation, and projector systems. It is widely used for corporate boardrooms, conference rooms, auditoriums, educational classrooms, and home theaters. Besides this, it also includes streaming media, interactive media, teleconferencing, and other AV solutions. It is gaining prominence across the globe as it helps businesses and organizations create a cost-effective AV solution that is tailored to their budget and needs.

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Market Trends:

The escalating demand for high-end display systems majorly drives the global market. This can be supported by the rising creation of digital content requiring the need for pro AV products, such as projectors, monitors, and control systems to deliver high-end visual experiences to viewers. Along with this, the widespread adoption of smart learning systems in schools, academic and research institutions, and universities, that uses multi-touch high-definition (HD) televisions (TVs), is significantly supporting the market. In line with this, the increasing number of pro AV installations in exhibition halls, stadiums, hotels, and shopping centers to influence buying decisions and attract customers is also positively influencing the market. Apart from this, the growing popularity of live music and sports events is impacting the market favorably. Furthermore, the widespread integration of the internet of things (IoT) with pro AV to develop interactive touchscreens and automated control systems is creating a positive market outlook.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Anixter International Inc. (Wesco International Inc.)
• AVI Systems Inc.
• AVI-SPL Inc.
• Biamp Systems LLC
• CCS Presentation Systems LLC
• Ford Audio-Video Systems LLC
• New ERA Technology Inc.
• Professional Audio Visual Ltd.
• Solutionz Inc.
• Telerent Leasing Corp. (ITOCHU International Inc.)
• Vistacom Inc.

Pro AV Market Segmentation:

Our report has categorized the market based on region, solution, distribution channel and application.

Breakup by Solution:
• Products
o Display
o AV Acquisition and Delivery Products
o Projectors
o Sound Reinforcement Products
o Conferencing Products
o Other Products
• Services
o Installation Services
o Maintenance Services
o IT Networking Services
o System Designing Services
o Other Services

Breakup by Distribution Channel:
• Direct Sales
• Distributors

Breakup by Application:
• Home Use
• Commercial
• Education
• Government
• Hospitality
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.