Global Video Equipment Market Growth Rate 2024, Forecast To 2033
22 Jan, 2024
The video equipment market has steadily grown from $128.02 billion in 2023 to $133.09 billion in 2024, reflecting a 4.0% CAGR. Historical growth is attributed to television broadcasting, the film and entertainment industry, surveillance, and video communication. Projections indicate continued, steady growth, reaching $151.67 billion by 2028, with a 3.3% CAGR. Anticipated drivers include 5G technology, augmented and virtual reality, remote work and education, and the rise of video streaming services.
Global Video Equipment Market Key Driver
The video equipment market's growth is attributed to the rise in disposable incomes, particularly in developing countries. Economic growth and an expanding middle-class population in nations like China, India, and Brazil contribute to increased disposable incomes. Per capita net disposable income statistics from the World Bank reveal the growth trend in lower-middle-income and upper-middle-income countries. The surge in earnings has resulted in greater disposable incomes, driving the demand for consumer electronics like televisions and home theater systems.
Get A Free Sample Of The Global Video Equipment Market ReportGlobal Video Equipment Market Segments
The video equipment market covered in this report is segmented –
1) By Product Type: Television, Video Cameras, Video Players
2) By Application: Online, Offline
3) By End Use Industry: B2B, B2C
By Geography: The regions covered in the video equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the video equipment market in 2023. North America was the second-largest region in the video equipment market. The regions covered in the video equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Video Equipment Industry Players
Bose Corporation, LG Electronics Inc., Panasonic Corporation, Sony Corporation, Samsung Electronics Co. Ltd., Toshiba Corporation, Koninklijke Philips N.V. (Philips), D&M Holdings Inc., Sharp Corporation, Harman International Industries Incorporated, Hisense Group, TCL Corporation, Skyworth Group, Vizio Inc., Fujitsu Limited, Sansui Electric Co. Ltd., Haier Group, Hitachi Ltd., Lloyd Electric & Engineering Ltd., Micromax Informatics Ltd., Xiaomi Corporation (Mi), Onida Electronics, Canon Inc., JVC Kenwood Corporation, Fujifilm Holdings Corporation, GoPro Inc., Nikon Corporation, Blackmagic Design Pty. Ltd., RED Digital Cinema, Grass Valley USA LLC, Avid Technology Inc., Atomos Limited, Teradek LLC, Marshall Electronics Inc., NewTek Inc., Vitec Group plc, Ross Video Ltd., Evertz Microsystems Ltd., Telestream LLC, Matrox Electronic Systems Ltd., FOR-A Company Limited, ChyronHego Corporation
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Video Equipment Market Overview
Video equipment is defined as an electronic device that can broadcast or receive electromagnetic waves to represent both sound and image.
Video Equipment Global Market Report 2023 provides data on the global video equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The video equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.