Audio And Video Equipment Manufacturing Global Market Report 2018

Audio And Video Equipment Manufacturing Global Market Report 2018
Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018

SKU CODE : 3204 | Format :

The audio and video equipment manufacturing market comprises establishments producing electronic audio and video equipment for home entertainment, musical instrument amplification, motor vehicles, and public address systems. Audio and video equipment products include televisions, speaker systems, video cassette recorders, stereo equipment, household-type video cameras, jukeboxes, and amplifiers for musical instruments and public address systems. The audio and video equipment manufacturing market in this report is segmented in to audio equipment manufacturing and video equipment manufacturing.

Asia Pacific was the largest region in the audio and video equipment manufacturing market in 2017, accounting for 62% market share. This can be attributed to high demand for televisions and musical instruments from a large consumer base in China and India. North America was the second largest region accounting for 14% market share. Middle East was the lowest of the featured regions accounting for 2% market share.

The demand for wireless audio equipment market is increasing rapidly due to increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using their mobile devices, tablets and laptops to wirelessly play audio on speakers, which is driving the growth of Wi-Fi and Bluetooth connected speakers.  To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS and Qualcomm are also launching wireless audio products or platforms. Some of the popular Wi-Fi audio equipment include Sonos Wi-Fi speakers, Bose’s SoundTouch system, Amazon’s Echo speakers.  

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