Australia Pro AV (Audio-Visual) Market – Industry Trends and Forecast to 2029

Australia Pro AV (Audio-Visual) Market, By 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 & Entertainment, Theaters/Live events, Retail, Education, Healthcare, Hospitality and Others) Industry Trends and Forecast to 2029

Australia Pro AV (Audio-Visual) Market Analysis and Insights

Audio-visual (AV) is an electronic media possessing solution that offers both a sound and visual/video components such as slide-tape presentations, films, television programs, corporate conferencing, church services, and live theatre productions. With the advancement in technology trends such as high-definition display technologies, cloud technologies and others are changing the way professional audio/visual equipment are used to communicate, broadcast, interact, collaborate, and advertise in commercial environments. Professional audio/visual equipment includes components such as displays, cameras, microphones, speakers & sound bars, projectors and others.

The demand for the Pro AV (Audio-Visual) is been growing and will grow in the future as well. Data Bridge Market Research analyses that the Australia Pro AV (Audio-Visual) market will grow at a CAGR of 7.3% during the forecast period of 2022 to 2029.

Australia Pro AV (Audio-Visual) Market Dynamics

Drivers

• Artificial Intelligence In Professional AV Systems

Artificial intelligence in recent times has played a vital role in strengthening and transforming industries around the globe. From governmental bodies, large organizations to small online businesses, artificial intelligence (AI) is being used by multiple entities across the world.

• Advent Of High Speed Infrastructure and ATSC 3.0 Technologies

High-speed networks provide a suitable medium capable of quickly transferring/delivering information, communications and entertainment. High-speed wired/wireless networks interface can transfer/deliver digital bits at high speed. Making instantaneous delivery of large size content such as full motion video or clips like that seen on broadcast, TV cable and satellite television channels.

• IoT & Advancement Cloud Systems Aiding Pro AV Services

There has been a progressive shift in the IoT ecosphere in recent years. This ecosphere is served by various standard electronic parts that are the hardware integrated with various software. The importance of utilizing custom pro AV services in the IoT era is an absolute necessity that is driving pro AV services aided by IoT technology. Since IoT enabled devices can connect with the advanced broader network, they are achieving extensive functionality. IoT-enabled devices are widely adopted in various industries such as mass media, broadcast industry, transportation, packaging, healthcare, and others.

Opportunities

• Rise In Demand For Wireless Professional AV Systems

It's amazing when you think about the evolution of the network. It wasn't that long ago that we were frustrated with slow connections, bulky devices and not much, as we move into the age of very fast mobile end wireless connections and BYOD a consumer-grade network will no longer do. We have entered the age a purpose-built digital infrastructures. More specifically, they are digital media infrastructures. Because no matter if you work in an office environment or deployed unit for the military, there is a high probability that' 75% of the traffic on your infrastructure will be media.

Restraints/Challenges

• Cyber Security & Privacy Threats In Audio Visual Systems

Due to COVID-19, cybercrime and cybersecurity issues increased by 600% in 2020. Flaws in network security is a weakness which a hackers exploit to perform unauthorized actions within a system. According to Purple Sec LLC, in 2018 mobile malware variants for mobile have increased by 54% in 2018 out of which 98% of mobile malware targeted Android devices. 25% of businesses are estimated to have been victims of crypto-jacking, including the media industry.

Covid-19 Impact on Australia Pro AV (Audio-Visual) Market

The COVID-19 has negatively affected the Australia Pro AV (Audio-Visual) market. The supply chain of all the industries have been severely affected, especially the electronic components. Component suppliers are struggling to meet demand, so manufacturers can't build the products in time, which means integrators are facing delays in projects, and end users aren't getting to use the tools they need to move their organizations forward. Most industries are facing production delays due to these reasons. The spike in demand was met by a fall in supply.

Recent Developments

• In June 2022, Roland Corporation launched the V-160HD Streaming Video Switcher. The key feature offered were multichannel HD video switching products and the first with built-in streaming capabilities.
• In May 2022, AVI SYSTEMS acquired CIM Audio Visual / CCS Presentation Systems. The main objective behind this acquisition was to further strengthen the company’s audio visual solutions portfolio specifically for education and corporate markets.

Australia Pro AV (Audio-Visual) Market Scope

The running footwear market is segmented on the basis of the type, technology, distribution channel and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Product
• Services

On the basis of type, Australia Pro AV (Audio-Visual) market is segmented into product and services.

Technology

• Cloud Based
• Satellite Broadcast
• Virtual
• Hybrid

On the basis of technology, Australia, Pro AV (Audio-Visual) market is segmented into cloud based, satellite broadcast, virtual and hybrid.

Distribution Channel

• Distributors
• Direct Sales
• Specialty Stores
• E-Commerce
• Others

On the basis of distribution channel, Australia Pro AV (Audio-Visual) market is segmented into distributors, direct sales, specialty stores, e-commerce and others.

Application

• Corporate
• Media & Entertainment
• Theaters/Live Events
• Retail
• Education
• Healthcare
• Hospitality
• Others

On the basis of application, Australia Pro AV (Audio-Visual) market is segmented into corporate, media & entertainment, theaters/live events, retail, education, healthcare, hospitality and others.

Australia Pro AV (Audio-Visual) Market Regional Analysis/Insights

The Australia Pro AV (Audio-Visual) market is analysed and market size insights and trends are provided by country, type, technology, distribution channel and application as referenced above.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Australia Pro AV (Audio-Visual) Market Share Analysis

The Australia Pro AV (Audio-Visual) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Australia Pro AV (Audio-Visual) market.

Some of the major key players in the Australia Pro AV (Audio-Visual) market are Roland Corporation, AVI SYSTEMS, Biamp Systems, Avidex Industries, LLC, New Era Technology, Panasonic Connect Co., Ltd., Lenovo, Sennheiser electronic GmbH & Co. KG, Crestron Electronics, Inc., ATEN INTERNATIONAL Co., Ltd., ViewSonic Corporation, Yamaha Corporation, Kramer, IRELEM, HARMAN International, Seiko Epson Corporation among others.