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Surging Demand For Ultra Hd Televisions Industry Trends Gaining Momentum in the Global Video Equipment Market
Video Equipment
Video Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the video equipment market has experienced robust growth in the past few years. The projected growth is from $241.77 billion in 2024 to $253.99 billion in 2025, marking an impressive compound annual growth rate (CAGR) of 5.1%. The past growth can be linked to various sectors including television broadcasting, film and entertainment industry, surveillance and security, along with video conferencing and communication.
Video Equipment Market Size Forecast: What's the Projected Valuation by 2029?
Anticipations for the video equipment market are optimistic, as consistent growth is projected for the upcoming years. The market is estimated to flourish to $296.66 billion by 2029, expanding at a compound annual growth rate (CAGR) of 4.0%. Several key factors for this projected growth during the forecast period include 5G technology, high-definition content, advancements in Augmented and Virtual Reality, the shift towards remote work and distance learning, the popularity of video streaming services, IoT, and surveillance. Dominant trends to watch in this period involve 8k and high-resolution video, compact and easily transportable video solutions, Artificial Intelligence and Machine Learning, live streaming, user-generated content and a focus on sustainable and environmentally friendly practices.
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What Are the Drivers Transforming the Video Equipment Market?
An increase in disposable income was a significant factor propelling the video equipment market upward. This increase was primarily attributed to the economic and middle-class population expansion in developing nations like China, India, and Brazil. For example, the UK Office of National Statistics, executive arm of the Statistics Authority, reported in an article published in September 2024 that there was a 6.3% growth in gross disposable household income (GDHI) in 2022 as compared to 2021. This surge in earnings significantly bolstered disposable incomes in emerging markets, thereby spurring the demand for consumer electronics such as televisions and home theatre systems.
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What Long-Term Trends Will Define the Future of the Video Equipment Market?
The popularity of Ultra HD televisions has been soaring due to their superior energy efficiency and high-resolution image quality. These advanced televisions, encompassing 4K and 8K UHDs, showcase an aspect ratio of 16:9 or wider, with a baseline resolution of 3840x2160 pixels. There has been a swift switch from commonplace CRT and LCD TVs to these Ultra HD TVs, fueled by rapid strides in technology. For instance, a report by the UK's Office of Communications stated that in 2022, the television viewership of individuals over 64 fell by 8% in comparison to the previous year. Instead, the older demographic is increasingly turning to streaming platforms - the usage rate of Disney+ among online viewers over 64 rose from 7% in 2022 to 12% in 2023. In several developed nations like the US and the UK, smart TVs are present in 34% of global households, and the sales are predicted to dominate by 2026. This suggests a potent demand for ultra-HD 4k and 8k televisions.
Which Segments in the Video Equipment Market Offer the Most Profit Potential?
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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Which Firms Dominate the Video Equipment Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Video Equipment Market?
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
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