Press release
Economic Growth And Middle-Class Expansion Fueling The Video Equipment Market: Key Factor Driving The Growth In The Video Equipment Market
Video Equipment
What Is the Expected Video Equipment Market Size During the Forecast Period?
The video equipment market has grown significantly in recent years. It is expected to grow from $241.77 billion in 2024 to $253.99 billion in 2025, at a CAGR of 5.1%. This growth is driven by television broadcasting, the film and entertainment industries, surveillance and security needs, and the growing demand for video conferencing and communication tools.
The video equipment market is forecasted to reach $296.66 billion in 2029 with a CAGR of 4.0%. Growth is fueled by the rise of 5G, high-resolution content, virtual work and learning, and increased streaming use. Emerging trends include portable and high-resolution equipment, user-generated video, AI-driven editing, and sustainable production methods.
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What Are the High-Growth Segments in the Video Equipment Market?
The video equipment market covered in this report is segmented -
1) By Product Type: Television, Video Cameras, Video Players
2) By Application: Online, Offline
3) By End Use Industry: B2B, B2C
Subsegments:
1) By Television: LED TV, OLED TV, QLED TV, Smart TV, Plasma TV, 4K/8K UHD TV
2) By Video Cameras: Digital Video Cameras, Camcorders, Action Cameras, 360° Cameras, DSLR Video Cameras
3) By Video Players: Blu-ray Players, DVD Players, Streaming Media Players, VHS Players, Portable Media Players
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What Key Drivers Are Expected to Influence Future Video Equipment Market Growth?
Rising disposable incomes are helping drive the video equipment market. Economic development in countries like India, China, and Brazil has expanded the middle class and household earnings. The UK's Office of National Statistics reported a 6.3% rise in gross disposable household income in 2022 compared to 2021. These higher earnings are increasing demand for consumer electronics like TVs and home entertainment systems.
Which Companies Hold the Largest Share Across Different Video Equipment Market Segments?
Major companies operating in the video equipment market include Bose Corporation, LG Electronics Inc., Panasonic Corporation, Sony Corporation, Samsung Electronics Co. Ltd., Toshiba Corporation, Koninklijke Philips N.V. (Philips), D&M Holdings Inc., Sharp Corporation, Harman International Industries Incorporated, Hisense Group, TCL Corporation, Skyworth Group, Vizio Inc., Fujitsu Limited, Sansui Electric Co. Ltd., Haier Group, Hitachi Ltd., Lloyd Electric & Engineering Ltd., Micromax Informatics Ltd., Xiaomi Corporation (Mi), Onida Electronics, Canon Inc., JVC Kenwood Corporation, Fujifilm Holdings Corporation, GoPro Inc., Nikon Corporation, Blackmagic Design Pty. Ltd., RED Digital Cinema, Grass Valley USA LLC, Avid Technology Inc., Atomos Limited, Teradek LLC, Marshall Electronics Inc., NewTek Inc., Vitec Group plc, Ross Video Ltd., Evertz Microsystems Ltd., Telestream LLC, Matrox Electronic Systems Ltd., FOR-A Company Limited, ChyronHego Corporation
What Are the Latest Developing Trends in the Video Equipment Market?
The demand for Ultra HD televisions is rapidly increasing due to their energy efficiency and high image quality. Ultra HD TVs, including 4K and 8K models, offer improved resolutions, with a minimum of 3840x2160 pixels. According to a report by the Office of Communications in the UK, older viewers are adopting streaming services like Disney+, with usage increasing from 7% in 2022 to 12% in 2023. In developed countries, 34% of global households had smart TVs in 2023, and sales are expected to dominate by 2026.
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What Are the Emerging Geographies for The Video Equipment Market Growth?
Asia-Pacific was the largest region in the video equipment market in 2023. North America was the second-largest region in the video equipment market. The regions covered in the video equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Video Equipment Market?
2. What is the CAGR expected in the Video Equipment Market?
3. What Are the Key Innovations Transforming the Video Equipment Industry?
4. Which Region Is Leading the Video Equipment Market?
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