Pro AV Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Pro AV refers to audio-video products and services, which are utilized for numerous applications such as collaborative conferencing, including video, audio, web, command and control centers, virtual events, digital signage, tradeshow exhibitions, and corporate events. Innovation, as well as savvy customers who push audio-video solutions to accommodate novel ways of working and experiencing the world, continue to offer new and different opportunities. The pro AV industry to see greater acceptance of AI in service-related markets, such as retail, hospitality, and healthcare, where customer experience is important.
MARKET DYNAMICS
The major factor that is boosting the growth of the pro AV market is advances in audio, cloud solutions, Internet of Things, display technology, smart buildings, and AI contributing to AV demand. In addition, the growing requirement for engagement and collaboration, especially in the education and corporate markets is anticipated to provide significant growth opportunities for the pro AV market growth in the coming years.
MARKET SCOPE
The "Global Pro AV Market Analysis to 2028" is a specialized and in-depth study of the pro AV industry with a special focus on the global market trend analysis. The report aims to provide an overview of pro AV market with detailed market segmentation by offering, industry vertical, and geography. The global pro AV market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading pro AV market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global pro AV market is segmented on the basis of offering and industry vertical. Based on offering, the market is segmented as products and services. Based on industry vertical, the pro AV market is divided into corporate, entertainment, hospitality, retail, transportation, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global pro AV market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The pro AV market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting pro AV market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the pro AV market for each region.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global pro AV market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The pro AV market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting pro AV market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the pro AV market for each region.
MARKET PLAYERS
The reports cover key developments in the pro AV market as 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 the way for the expansion of business and customer base of market players. The market payers from pro AV market are anticipated to lucrative growth opportunities in the future with the rising demand for pro AV in the global market. Below mentioned is the list of few companies engaged in the pro AV market.
The report also includes the profiles of key 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 the last three years, key development in the past five years.
- AVI Systems Inc.
- AVI-SPL
- BenQ Corporation
- Bose Corporation
- DIVERSIFIED
- Ford Audio-Video, LLC
- LEGRAND AV INC.
- LG Electronics
- Samsung
- Whitlock
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pro AV Market - By Offering
1.3.2 Pro AV Market - By Industry Vertical
1.3.3 Pro AV Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PRO AV MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. PRO AV MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PRO AV MARKET - GLOBAL MARKET ANALYSIS
6.1. PRO AV - GLOBAL MARKET OVERVIEW
6.2. PRO AV - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PRO AV MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
7.1. OVERVIEW
7.2. OFFERING MARKET FORECASTS AND ANALYSIS
7.3. PRODUCT
7.3.1. Overview
7.3.2. Product Market Forecast and Analysis
7.3.3. Digital Signage and Video Walls Market
7.3.3.1. Overview
7.3.3.2. Digital Signage and Video Walls Market Forecast and Analysis
7.3.4. Video Conferencing and Integrated Meeting Rooms Market
7.3.4.1. Overview
7.3.4.2. Video Conferencing and Integrated Meeting Rooms Market Forecast and Analysis
7.4. SERVICE
7.4.1. Overview
7.4.2. Service Market Forecast and Analysis
7.4.3. Professional Service Market
7.4.3.1. Overview
7.4.3.2. Professional Service Market Forecast and Analysis
7.4.4. Managed Service Market
7.4.4.1. Overview
7.4.4.2. Managed Service Market Forecast and Analysis
8. PRO AV MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. CORPORATE
8.3.1. Overview
8.3.2. Corporate Market Forecast and Analysis
8.4. ENTERTAINMENT
8.4.1. Overview
8.4.2. Entertainment Market Forecast and Analysis
8.5. HOSPITALITY
8.5.1. Overview
8.5.2. Hospitality Market Forecast and Analysis
8.6. RETAIL
8.6.1. Overview
8.6.2. Retail Market Forecast and Analysis
8.7. TRANSPORTATION
8.7.1. Overview
8.7.2. Transportation Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. PRO AV MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pro AV Market Overview
9.1.2 North America Pro AV Market Forecasts and Analysis
9.1.3 North America Pro AV Market Forecasts and Analysis - By Offering
9.1.4 North America Pro AV Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America Pro AV Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pro AV Market
9.1.5.1.1 United States Pro AV Market by Offering
9.1.5.1.2 United States Pro AV Market by Industry Vertical
9.1.5.2 Canada Pro AV Market
9.1.5.2.1 Canada Pro AV Market by Offering
9.1.5.2.2 Canada Pro AV Market by Industry Vertical
9.1.5.3 Mexico Pro AV Market
9.1.5.3.1 Mexico Pro AV Market by Offering
9.1.5.3.2 Mexico Pro AV Market by Industry Vertical
9.2. EUROPE
9.2.1 Europe Pro AV Market Overview
9.2.2 Europe Pro AV Market Forecasts and Analysis
9.2.3 Europe Pro AV Market Forecasts and Analysis - By Offering
9.2.4 Europe Pro AV Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe Pro AV Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pro AV Market
9.2.5.1.1 Germany Pro AV Market by Offering
9.2.5.1.2 Germany Pro AV Market by Industry Vertical
9.2.5.2 France Pro AV Market
9.2.5.2.1 France Pro AV Market by Offering
9.2.5.2.2 France Pro AV Market by Industry Vertical
9.2.5.3 Italy Pro AV Market
9.2.5.3.1 Italy Pro AV Market by Offering
9.2.5.3.2 Italy Pro AV Market by Industry Vertical
9.2.5.4 United Kingdom Pro AV Market
9.2.5.4.1 United Kingdom Pro AV Market by Offering
9.2.5.4.2 United Kingdom Pro AV Market by Industry Vertical
9.2.5.5 Russia Pro AV Market
9.2.5.5.1 Russia Pro AV Market by Offering
9.2.5.5.2 Russia Pro AV Market by Industry Vertical
9.2.5.6 Rest of Europe Pro AV Market
9.2.5.6.1 Rest of Europe Pro AV Market by Offering
9.2.5.6.2 Rest of Europe Pro AV Market by Industry Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pro AV Market Overview
9.3.2 Asia-Pacific Pro AV Market Forecasts and Analysis
9.3.3 Asia-Pacific Pro AV Market Forecasts and Analysis - By Offering
9.3.4 Asia-Pacific Pro AV Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific Pro AV Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Pro AV Market
9.3.5.1.1 Australia Pro AV Market by Offering
9.3.5.1.2 Australia Pro AV Market by Industry Vertical
9.3.5.2 China Pro AV Market
9.3.5.2.1 China Pro AV Market by Offering
9.3.5.2.2 China Pro AV Market by Industry Vertical
9.3.5.3 India Pro AV Market
9.3.5.3.1 India Pro AV Market by Offering
9.3.5.3.2 India Pro AV Market by Industry Vertical
9.3.5.4 Japan Pro AV Market
9.3.5.4.1 Japan Pro AV Market by Offering
9.3.5.4.2 Japan Pro AV Market by Industry Vertical
9.3.5.5 South Korea Pro AV Market
9.3.5.5.1 South Korea Pro AV Market by Offering
9.3.5.5.2 South Korea Pro AV Market by Industry Vertical
9.3.5.6 Rest of Asia-Pacific Pro AV Market
9.3.5.6.1 Rest of Asia-Pacific Pro AV Market by Offering
9.3.5.6.2 Rest of Asia-Pacific Pro AV Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pro AV Market Overview
9.4.2 Middle East and Africa Pro AV Market Forecasts and Analysis
9.4.3 Middle East and Africa Pro AV Market Forecasts and Analysis - By Offering
9.4.4 Middle East and Africa Pro AV Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East and Africa Pro AV Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pro AV Market
9.4.5.1.1 South Africa Pro AV Market by Offering
9.4.5.1.2 South Africa Pro AV Market by Industry Vertical
9.4.5.2 Saudi Arabia Pro AV Market
9.4.5.2.1 Saudi Arabia Pro AV Market by Offering
9.4.5.2.2 Saudi Arabia Pro AV Market by Industry Vertical
9.4.5.3 U.A.E Pro AV Market
9.4.5.3.1 U.A.E Pro AV Market by Offering
9.4.5.3.2 U.A.E Pro AV Market by Industry Vertical
9.4.5.4 Rest of Middle East and Africa Pro AV Market
9.4.5.4.1 Rest of Middle East and Africa Pro AV Market by Offering
9.4.5.4.2 Rest of Middle East and Africa Pro AV Market by Industry Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pro AV Market Overview
9.5.2 South and Central America Pro AV Market Forecasts and Analysis
9.5.3 South and Central America Pro AV Market Forecasts and Analysis - By Offering
9.5.4 South and Central America Pro AV Market Forecasts and Analysis - By Industry Vertical
9.5.5 South and Central America Pro AV Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pro AV Market
9.5.5.1.1 Brazil Pro AV Market by Offering
9.5.5.1.2 Brazil Pro AV Market by Industry Vertical
9.5.5.2 Argentina Pro AV Market
9.5.5.2.1 Argentina Pro AV Market by Offering
9.5.5.2.2 Argentina Pro AV Market by Industry Vertical
9.5.5.3 Rest of South and Central America Pro AV Market
9.5.5.3.1 Rest of South and Central America Pro AV Market by Offering
9.5.5.3.2 Rest of South and Central America Pro AV Market by Industry Vertical
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PRO AV MARKET, KEY COMPANY PROFILES
11.1. AVI SYSTEMS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AVI-SPL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BENQ CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BOSE CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DIVERSIFIED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FORD AUDIO-VIDEO, LLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LEGRAND AV INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LG ELECTRONICS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAMSUNG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WHITLOCK
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.AVI Systems Inc.
2.AVI-SPL
3.BenQ Corporation
4.Bose Corporation
5.DIVERSIFIED
6.Ford Audio-Video, LLC
7.LEGRAND AV INC.
8.LG Electronics
9.Samsung
10.Whitlock
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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