A type of electronic media that combines sound and visual/video components is called "audio-visual" (AV). Slide-tape presentations, motion pictures, television programs, business conferences, religious services, and live theatrical performances are a few examples. Technology trends such as high-definition displays and cloud technologies are changing how professional audio/visual equipment is used to communicate, broadcast, interact, collaborate, and advertise in commercial settings. Professional audio/visual equipment includes parts such as displays, cameras, microphones, speakers and sound bars, projectors, and others.
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Data Bridge Market Research analyses that the Australia Pro AV (Audio-Visual) Market is expected to grow at a CAGR of 7.3% in the forecast period of 2022 to 2029. The growing need for immersive and engaging audio-visual experiences in various industries such as events, education, corporate, and entertainment drives the demand for advanced AV solutions.
Key Findings of the Study
Pro Audiovisual services are helped by the internet of Things (IoT) and advanced cloud systems are expected to drive the market's growth rate
The IoT ecosphere has been gradually changing in recent years. Various common electronic components that are hardware- and software-integrated serve this ecosystem. Pro audio visual services supported by Internet of Things (IoT) technology are driven by the necessity of custom pro audio visual services in the Internet of Things (IoT) era. Internet of Things (IoT)-enabled devices to achieve extensive functionality because they can connect to a sophisticated more comprehensive network. Internet of Things (IoT)-capable equipment is widely used in various sectors, including the media, broadcasting, packaging, transportation, and healthcare.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Product and Services), Technology (Cloud Based, Satellite Broadcast, Virtual and Hybrid), Distribution Channel (Distributors, Direct Sales, Specialty Stores, E-Commerce and Others), Application (Corporate, Media and Entertainment, Theaters/Live events, Retail, Education, Healthcare, Hospitality and Others)
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Market Players Covered
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Roland Corporation (Japan), AVI SYSTEMS (U.S.), Biamp Systems (U.S.), Avidex Industries, LLC (U.S.), New Era Technology (Ireland), Panasonic Connect Co., Ltd. (Japan), Lenovo (China), Sennheiser electronic GmbH & Co. KG (Germany), Crestron Electronics, Inc. (U.S.), ATEN INTERNATIONAL Co., Ltd. (Taiwan), ViewSonic Corporation (U.S.), Yamaha Corporation (Hamamatsu, Japan), Kramer (Israel), IRELEM (France), HARMAN International (U.S.), Seiko Epson Corporation (Japan) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
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Segment Analysis:
The Australia pro AV (audio-visual) Market is segmented on the basis of type, technology, distribution channel, and application
- On the basis of type, the pro AV (audio-visual) market is segmented into product and services.
- On the basis of technology, the pro AV (audio-visual) market is segmented into cloud based, satellite broadcast, virtual, and hybrid.
- On the basis of distribution channel, the pro AV (audio-visual) market is segmented into distributors, direct sales, specialty stores, E-commerce, and others.
- On the basis of application, the pro AV (Audio-Visual) market is segmented into corporate, media and entertainment, theaters/live events, retail, education, healthcare, hospitality, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major Australia pro AV (audio-visual) market players in Lenovo (China), Sennheiser electronic GmbH & Co. KG (Germany), Crestron Electronics, Inc. (U.S.), ATEN INTERNATIONAL Co., Ltd. (Taiwan), ViewSonic Corporation (U.S.), Yamaha Corporation (Hamamatsu, Japan)
Market Developments
- In 2022, Solotech announced its move to a new and improved space in Las Vegas, Nevada, to support its continued spectacular growth. From this strategic location, the company would be able to efficiently serve the entire West Coast, including the dynamic cities of Los Angeles and San Francisco.
- In 2022, Solutionz Inc. announced that it agreed to purchase VSGi. It could provide videoconferencing, audio-visual solutions, digital signage, and integrated services to nearly every central federal agency, department, corporate, healthcare, and education sector.
- In 2022, AVI-SPL announced the expanded release of its collaboration as a service (CaaS) offering to support customers globally, the purpose-built program could address the most pressing audio-visual (AV) and unified communications and collaboration (UCC) technology procurement, deployment, and management needs of organizations rapidly enabling hybrid work and learning.
- In 2022, The V-160HD Streaming Video Switcher was introduced by Roland Corporation. Multichannel HD video switching products, which were the first to include built-in streaming capabilities, were the main feature provided.
- In 2022, CIM Audio Visual / CCS Presentation Systems was purchased by AVI SYSTEMS. The primary goal of this acquisition was to expand the company's portfolio of audio-visual solutions, particularly for the education and corporate markets.
For more detailed information about the Australia pro AV (audio-visual) market report, click here – https://www.databridgemarketresearch.com/reports/australia-pro-av-audio-visual-market
