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

  • FMCG
  • Upcoming Report
  • Jul 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

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

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 3.20 Billion
Diagram Market Size (Forecast Year) USD 7.92 Billion
Diagram CAGR %

Global Pro AV (Audio-Visual) Market, By Type (Displays, AV Acquisition and Delivery, Projectors, Sound Reinforcement, Conferencing, Others), Application (Home Use, Commercial, Education, Government, Hospitality, Retail, Other), Distribution Channel (Direct Sales, Distributor), – Industry Trends and Forecast to 2029

Market Analysis and Size

Artificial intelligence's impact is just beginning to be felt across industries ranging from natural language processing and speech-to-text to machine learning and predictive analytics. Artificial intelligence is starting to collide with professional AV systems, which are most useful in conferencing and collaboration. It can assist organisations in initiating meetings, making video calls, and sharing real-time data when deployed securely.

Data Bridge Market Research analyses that the pro AV (audio-visual) market was valued at USD 3.2 billion in 2021 and is expected to reach the value of USD 7.92 billion by 2029, at a CAGR of 12.00% during the forecast period. 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, patent analysis and consumer behaviour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Displays, AV Acquisition and Delivery, Projectors, Sound Reinforcement, Conferencing, Others), Application (Home Use, Commercial, Education, Government, Hospitality, Retail, Other), Distribution Channel (Direct Sales, Distributor)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Anixter Inc. (U.S.), Wesco (U.S.), AVI Systems (U.S.), AVI-SPL, LLC (U.S.), Biamp Systems (U.S.), CCS Presentation Systems (U.S.), Ford Audio-Video, LLC (U.S.), New ERA Technology (India), Pro AV (U.S.), Solutionz Inc. (U.S.), Telerent Leasing Corp (U.S.), ITOCHU International Inc. (China), Vistacom Inc. (India)

Opportunities

  • Technological advancements in line with this trend may enable manufacturers to make significant gains
  • Integration of telecommunication applications such as Skype.
  • Rising consumer demand, will contribute to the growth of the pro AV (audio-visual) market

Market Definition

Pro AV is an advanced audio-video system integration used for commercial purposes. Display components, camera, audio components, device, controller, room scheduler, whiteboard, advanced options such as digital signage, and other accessories that support it are all used by pro AV. All of these components work together to improve connectivity and coordination between offices in two different locations.

Drivers

  • Intervention of smart learning in education sector augments market growth.

Significant growth in the education industry, combined with rapid urbanisation around the world, is one of the key factors driving the market's positive outlook. Pro AV is widely used in smart learning systems in schools, universities, and other academic and research institutions that employ multi-touch high-definition (HD) televisions (TVs). They improve in-class experience by enhancing real-time blended teaching and learning and augmenting visualisation and creativity. As a result, professional AVs are installed in shopping malls, exhibition halls, hotels, and stadiums to attract consumers' attention and influence their purchasing decisions, thereby promoting market growth.

  • The rapid advancements in the digital signage systems

The use of digital signage systems to increase sales and target the right audience is growing in industries such as retail. The growing popularity of interactive digital signage systems is assisting businesses with growing content. Interactive digital signage systems have various applications in corporate offices, stadiums, retail, transportation, exhibition halls, and other public places. One of the most important systems for digital signage is pro AV. With the growth of digital signage systems, demand for pro AV products is expected to rise during the forecast period.

Opportunity

Technological advancements in line with this trend may enable manufacturers to make significant gains over the forecast timeline. Integration of telecommunication applications such as Skype, as well as rising consumer demand, will contribute to the growth of the pro AV (audio-visual) market in the above-mentioned timeframe.

Restraints

The increasing need for high capital investment, combined with a lower adoption rate among small and medium-sized businesses, will likely act as market restraints for pro AV (audio-visual) growth in the above-mentioned projected timeframe. The biggest and most pressing challenge for the market's growth will be a lack of skilled professionals, a short replacement cycle, and one-on-one learning.

This pro AV (Audio-Visual) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pro AV (Audio-Visual) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Pro AV (Audio-Visual) Market

The COVID-19 pandemic has had a limited impact on the pro AV markets. This is due to the fact that demand for pro AV is higher in some sectors, such as education, healthcare, and others; however, demand has decreased in industries such as transportation, media and entertainment, and government, among others. During the pandemic, demand for pro AV products increased dramatically in the education sector, as many educational institutions shifted to a hybrid education system in which students can receive face-to-face training online. Pro AV products such as cameras, audio devices, and computers can be used to teach and monitor students in hybrid education. Several educational institutions have already chosen hybrid education.

Recent Development

  • AVI-SPL Inc. partnered with Aver Information Inc. in September 2019 to deliver innovative video solutions across North America.

Global Pro AV (Audio-Visual) Market Scope

The pro AV (Audio-Visual) market is segmented on the basis of type, distribution channel and application. The growth amongst these segments will help you analyze 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

  • Displays
  • AV Acquisition and Delivery
  • Projectors
  • Sound Reinforcement
  • Conferencing
  • Others

Application

  • Home Use
  • Commercial
  • Education
  • Government
  • Hospitality
  • Retail
  • Other

Distribution channel

  • Direct sales
  • Distributors

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

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

The countries covered in the pro AV (Audio-Visual) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America will dominate the pro AV (audio-visual) market due to the prevalence of various market players in the region, whereas Asia-Pacific will grow in the pro AV (audio-visual) market during the forecast period of 2021-2028 due to the adoption of technologically advanced tools in classrooms, increased government initiative, and rising usage of printed signages for commercialization in the e-commerce industry in India and China.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

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

The 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 pro AV (Audio-Visual) market.

Some of the major players operating in the pro AV (Audio-Visual) market are:

  • Anixter Inc. (U.S.)
  • Wesco (U.S.)
  • AVI Systems (U.S.)
  • AVI-SPL, LLC (U.S.)
  • Biamp Systems (U.S.)
  • CCS Presentation Systems (U.S.)
  • Ford Audio-Video, LLC (U.S.)
  • New ERA Technology (India)
  • Pro AV (U.S.)
  • Solutionz Inc. (U.S.)
  • Telerent Leasing Corp (U.S.)
  • ITOCHU International Inc. (China)
  • Vistacom Inc. (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

This pro AV (audio-visual) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
Global Pro AV (Audio-Visual) Market segmented By Application such as Home Use, Commercial, Education, Government, Hospitality, Retail, Other.
The major players covered in the pro AV (audio-visual) market report are Anixter Inc.; AVI SYSTEMS; AVI-SPL, Inc.; CCS Presentation Systems; Diversified; Ford Audio-Video, LLC; New Era Technology; Telerent Leasing Corporation.; Solutionz Inc; proAV Limited.; Vistacom, Inc.; Biamp Systems; Pro AV; TRITECH Company Communications.; Spinitar.; Digital Networks Group, Inc.; HB Communications, Inc; IVCI; VCA - Video Corporation of America; Carousel Industries of North America, Inc.; SKC; Washington Professional Systems; Solotech; Electrosonic; among other domestic and global players.
The Pro AV (Audio-Visual) Market value is expected USD 7.92 billion by 2029.
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