Press release
Pro AV Market Size By Type, Application, Key Players, Geographic Scope and Forecast 2023 - 2028
The global pro AV market size reached US$ 2.8 Billion in 2022. Looking forward, expects the market to reach US$ 3.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.34% during 2023-2028.Pro audio/visual (AV) refers to an advanced interaction system installed for commercial sharing, advertising and marketing. It is used for electronic displays to deliver videos, web content, graphics and texts in private and public complexes. It consists of lighting and sound devices, digital signages, video conferencing systems, companion whiteboard recording equipment and projector systems. These components aid in improving the overall communication and connectivity between the users and are also used for classrooms, presentations and on-site product demonstrations. As a result, pro AV finds extensive applications across various industries, such as hospitality, education and retail.
Pro audio/visual (AV) refers to an advanced interaction system installed for commercial sharing, advertising and marketing. It is used for electronic displays to deliver videos, web content, graphics and texts in private and public complexes. It consists of lighting and sound devices, digital signages, video conferencing systems, companion whiteboard recording equipment and projector systems. These components aid in improving the overall communication and connectivity between the users and are also used for classrooms, presentations and on-site product demonstrations. As a result, pro AV finds extensive applications across various industries, such as hospitality, education and retail.
Significant growth in the education industry, along with rapid urbanization across the globe, is one of the key factors creating a positive outlook for the market. Pro AV is widely adopted for smart learning systems in schools, universities and various academic and research institutions, which use multi-touch high-definition (HD) televisions (TVs). They enhance real-time blended teaching and learning and augment visualization and creativity to provide improved in-classroom experience. In line with this, pro AVs are installed in shopping centers, exhibition halls, hotels and stadiums to attract consumers' attention and influence their buying decisions, thereby favoring the market growth. Additionally, various technological advancements, such as the integration of pro AV with the Internet of Things (IoT), smart and cloud-computing systems, are acting as other growth-inducing factors. These technologies are effective for conferencing, collaboration, learning, live events, security and surveillance.
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Global Pro AV Market: Segmentations
Global Pro AV Market: Major Players
Electrosonic
Diversified
Washington Professional Systems
AVI-SPL
AVI Systems
Whitlock
CCS Presentation Systems
Solotech
Avidex
Ford Audio-Video
IVCI
Solutionz
SKC Communications
Video Corporation of America (VCA)
HB Communications
Global Pro AV Market: By Types
Products
Services
Global Pro AV Market: By Applications
Corporate
Media and Entertainment
Security/Surveillance/Life Safety
Others
Global Pro AV Market: Regional Analysis
The countries covered in the regional analysis of the Global Pro AV market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Study Objectives of this report are:
● To study and analyze the global Pro AV market size (value and volume) by company, key regions/countries, products and application, history data from 2017 to 2020, and forecast to 2028.
● To understand the structure of Pro AV market by identifying its various subsegments.
● 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 Pro AV manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
● To analyze the Pro AV with respect to individual growth trends, future prospects, and their contribution to the total market.
● To project the value and volume of Pro AV 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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