Global Audio And Video Equipment Market Report 2022 – Market Forecast, Trends And Strategies

The global audio and video equipment market size is expected to grow from $149.00 billion in 2021 to $158.81 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The audio and video market is expected to reach $196.50 billion in 2026 at a CAGR of 5.5%.

What is the Global Audio And Video Equipment Market?

The audio and video equipment market consists of sales of audio and video equipment by entities (organizations, sole traders and partnerships) that manufacture audio and video/video equipment used for home entertainment, musical instrument amplification, motor vehicles, and public address. Audio and video equipment includes televisions, speaker systems, video cassette recorders, stereo equipment, household-type video cameras, jukeboxes, and amplifiers for musical instruments and public address systems.

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What drives the Global Audio And Video Equipment Market?

During the forecast period, the internet penetration will increase rapidly due to increased public and private investments to increase internet connectivity. Many audio and video equipment uses internet to enhance the customer's experience. The growth in internet users will be also driven by greater access to affordable smartphones. In 2020, China reported that the country's internet user base had risen to 989 million, with more than 80 million going online in the aftermath of the coronavirus pandemic. Increased internet penetration increased the demand for connected audio and video devices.

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Global Audio And Video Equipment Market Segments
The global audio and video equipment market is segmented:
By Type: Audio Equipment, Video Equipment
By End-User: B2B, B2C
By Sales Channel: OEM, Aftermarket
By Mode: Online, Offline
By Geography: The regions covered in the audio and video equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Audio And Video Equipment Global Market Report 2022 provides market size and growth forecasts for the global audio and video equipment market, global audio and video equipment market share, audio and video equipment market segments and geographies, audio and video equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The audio and video equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Audio And Video Equipment Industry Players include Samsung Electronics Co Ltd, Sony Corp, LG Electronics Inc, Panasonic Corporation and Bose Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.