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Global Audio And Video Equipment Market: Powered by $323.9 Billion Market Size in 2025 and 5% CAGR, Driven by Strong Internet Penetration and Revolutionary Trends
Audio And Video Equipment Market Size
What Is The Projected Market Size Of The Global Audio And Video Equipment Market And Its Growth Rate?
•In 2024, the audio and video equipment market size was worth $308.39 billion.
•It is projected to grow to $323.9 billion in 2025, indicating a CAGR of 5.0%.
•The market size will further soar to $378.07 billion in 2029, showing a consistent CAGR of 3.9%.
The substantial market growth in the historic and forecast period is attributable to the rising integration of mobile devices, spreading smart homes, booming podcasting and audio content, along with growing video conferencing demand.
What Is Driving The Growth In The Audio And Video Equipment Market?
The audio and video equipment market growth is predominantly driven by the increasing penetration of the internet. As per Broadband Search, around 93.79% of the US population, approximately 311.3 million individuals, were active internet users in September 2023. The majority of audio and video equipment leverage the internet to enhance customers' experience. Thus, the escalating number of internet users worldwide, courtesy of increased public and private investments to improve internet connectivity, fuels the growth of the audio and video equipment market.
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Who Are the Key Players Driving Audio And Video Equipment Market Growth?
•Kenwood Corporation
•Samsung Electronics Co. Ltd.
•Sony Corporation
•Panasonic Corporation
•LG Electronics Inc.
•JBL Incorporated
•Pioneer Corporation
•TEAC Corporation
•Harman International Industries Inc.
•Yamaha Corporation
•Bose Corporation
•Sennheiser Electronic GmbH & Co. KG
•Onkyo Corporation
•Shure Incorporated
•Bowers & Wilkins Ltd.
•AKG Acoustics GmbH
•Peavey Electronics Corporation
•Alpine Electronics Inc.
•Allen & Heath Limited
•Klipsch Group Inc.
What Are The Key Trends In The Audio And Video Equipment Market?
•5G connectivity
•Smart and connected devices
•Home entertainment systems
•AI and machine learning integration
•Wireless audio solutions
•Compact and portable devices
What Are The Segments Of The Global Audio And Video Equipment Market?
•By Type: Audio Equipment, Video Equipment
•By Mode: Online, Offline
•By Sales Channel: OEM, Aftermarket
•By End-User: B2B, B2C
Which Region Leads The Audio And Video Equipment Market?
Asia-Pacific held the largest share in the audio and video equipment market in 2024, trailed by North America. With significant advancements in home entertainment, integration of AI and ML, and the surge in video conferencing and rise in esports industry, these markets are expected to foster the growth of the global audio and video equipment market.
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What Is Covered In The Audio And Video Equipment Market Global Market Report?
- Market Size Analysis: Analyze the Audio And Video Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Audio And Video Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Audio And Video Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Audio And Video Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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