Audio and Video Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Headphones, home theatre, soundbars, speakers, TVs, projectors, audio and video players, and other devices are the examples of audio and video equipment. The audio and video equipment market is growing due to increased investments in electronic product manufacture, lower manufacturing costs, and increasing e-commerce penetration. Furthermore, the rise of realistic home audio equipment and rising customer demand for high-performance home theatre are propelling the audio and video equipment market forward.

MARKET SCOPE

The "Global Audio and Video Equipment Market Analysis to 2031" is a specialized and in-depth study of the Audio and video equipment Market with a special focus on the global market trend analysis. The report aims to provide an overview of audio and video equipment market with detailed market segmentation by type and distribution channel. The global audio and video equipment market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading audio and video equipment market player and offers key trends and opportunities in the audio and video equipment market.

MARKET SEGMENTATION

  Based on type the market is segmented as, audio equipment and video equipment.

  Based on distribution channel the market is segmented as, online and offline.

MARKET DYNAMICS

Drivers:

  Increasing internet penetration, increasing demand for entertainment systems, rising disposable incomes, and increased popularity of audio and video broadcasting are some of the driving factors for the market growth.

  Ongoing technology advancements along with growing demand for wireless devices is also expected to propel market growth forward.

  Launch of smart audio devices, smart televisions, smart phones is also expected to spur market growth during forecast period.

Restraints:

  High cost of such equipment and continuous changing technology are expected to restrain market growth during the forecast period.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global audio and video equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The audio and video equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting audio and video equipment Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the audio and video equipment market in these regions.

IMPACT OF COVID-19 ON AUDIO AND VIDEO EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The reports cover key developments in the audio and video equipment market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from audio and video equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for audio and video equipment market. Below mentioned is the list of few companies engaged in the audio and video equipment market.

The report also includes the profiles of key audio and video equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Apple Inc.
  
•   BenQ
  
•   Bose Corporation
  
•   Koninklijke Philips N.V.
  
•   LG Electronics
  
•   Panasonic Corporation
  
•   Samsung
  
•   Sennheiser electronic GmbH and Co. KG
  
•   Sonos Inc.
  
•   Sony Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Audio and Video Equipment Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Audio Equipment Video Equipment By Distribution Channel Online Offline
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Apple Inc. BenQ Bose Corporation Koninklijke Philips N.V. LG Electronics Panasonic Corporation Samsung Sennheiser electronic GmbH and Co. KG Sonos Inc.