Samsung, NEC Corporation and Sharp Corporation are Dominating Kuwait Audio Visual Devices Market in 2018

Kuwait Audio Visual Devices Market is expected to grow at a growing CAGR of 12.2% in the forecast period 2019 to 2026. The years considered for study are as mentioned below.

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Kuwait audio visual devices market is an upcoming market which includes key players and local players. The market is growing to the favourable market scenario. The market has a prominent growth in upcoming years due to the surging entertainment & media industry.

Samsung dominated the Kuwait audio visual devices market and accounts for the highest market share in 2018 which is followed by NEC Corporation, Sharp Corporation, LG Electronics, Casio Computer Co., Ltd., and DynaScan Technology Inc and others The other key players existing in the market are PYLE USA, Peerless AV, V7, Belkin International, Inc., C2G, Benq, Seiko Epson Corporation, AKG, Bose Corporation, JBL, Hitachi, Ltd., Sony Corporation, Panasonic Corporation, Ergotron and among others.

Samsung:

Samsung headquartered in Suwon, South Korea was established in 1969. The company majorly focuses on improving the global community standards and delivering major innovations for upgrading the people’s everyday lives and contribute to a socially responsible and sustainable future. The company is providing mobile, TV&AV, appliances, and more (cameras & IT). The market focus products lie under TV& AV and more (Cameras & IT).  The company deals into consumer electronics, IT & mobile communications, device solutions-semiconductor, device solutions-display, and Harman business categories. The market focus products lie under IT & mobile communications, device solutions-display, Harman business segment. 

It has its global presence through its subsidiaries Samsung Electronics America (USA), Samsung Electronics Argentina (Argentina), Samsung Electronics Italia (Italy), Samsung Electronics GmbH (Germany) among others.

It has its global networks through direct sales representatives and distributors in North America, Europe, South America, Middle East and Africa, and Asia-Pacific.

In March, Samsung Electronics America Inc. introduced its portfolio comprising of innovative signage solutions for a different industries at 2019 Digital Signage Expo (DSE). This technology will provide the opportunity to Samsung for transforming the workspaces and form new and immersive experiences for the consumers.

NEC Corporation:

NEC Corporation headquartered in Tokyo, Japan was founded in 1899. The company focuses majorly on the integration of IT and network technologies that benefit different businesses across the globe. NEC's advanced technologies meet the complex and ever-changing needs of its customers. The company mainly manages their products in desktop displays, large format displays, direct view LED, projectors, interactive solutions, digital cinema, computer solutions, and software products. The market focused products lies under desktop displays, large format displays, direct view LED, and projectors. The company deals in the public business, enterprise business, network services business, system platform business, global business, and others business categories. The market focused business segment lie under global business category.

It has its global networks through subsidiaries in Netcracker Technology (U.S.), NEC Solution Innovators (Japan), NEC Fielding, Ltd.(China), NEC Platforms, Ltd. (Malaysia) and others.

In December, NEC acquired KMD Holding ApS, which is the major Danish company across Europe. It made the acquisition deal worth of USD 1.19 billion through Advent International which is among the world’s largest and most experienced private equity investors. This acquisition accelerated the NEC’s global safety business which was positioned by the company as a major growth driver in its medium term management plan of 3 years. Also, this strategic manoeuvre helped the company to expand its business and product portfolio across the domain of artificial intelligence and advanced biometrics technologies.

Sharp Corporation:

Sharp Corporation is headquartered in Osaka, Japan and was founded in 1912. The company mainly involves in the manufacturing and providing electronic communication equipment, electronic equipment, electronic application equipment, and electronic components in Japan, the Americas, Europe, China, and internationally. The company deals their products in consumer (TV AQUOS, calculator, solar, Plasmacluster, mobile phone/smartphone), business (Digital MFPs/printers, LCD monitors, calculators, smart network solution, solar, and electronic components). The market focused products lies under business (LCD monitors). The company deals in the advance display systems, smart homes, smart business solutions, IoT electronics devices business categories. The market focused business segments are advance display systems, smart business solutions, IoT electronics devices.

It has its global networks through subsidiaries in Sharp Marketing Japan Corporation, Sharp Electronics Corporation, Sharp Energy Solutions Corporation, Sharp Corporation of Australia Pty Limited(Australia), Sharp Electronics Of Canada Ltd.(Canada), others.

In January, Sharp Imaging and Information Company of America (SIICA), a division of Sharp Electronics Corporation (SEC), acquired the service contracts of Pink Hat Technology Management. This acquisition will strengthen the company’s robust cyber security platform which in turn will increase the sales of computer systems in several companies and organizations across major developed geographical regions.