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 top five companies covered are Samsung Electronics Co Ltd., Sony Corp, LG Electronics Inc., Panasonic Corporation and Bose Corporation. Samsung Electronics Co. Ltd was the largest competitor in the audio and video equipment manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Audio and Video Equipment Manufacturing Global Market Size
The global audio and video equipment market was valued at over $300 billion in 2017. Asia Pacific was the largest region in the audio and video equipment manufacturing market in 2017, accounting for more than 60% market share. China was the largest country in the market in 2017, accounting for nearly 40% market share.
Audio and Video Equipment Manufacturing Global Market Trend
To counter theft and crime, companies in the video equipment manufacturing industry are manufacturing closed circuit television cameras with motion detection technology. Motion detecting CCTV camera detects any motion of objects in its field of view and raises an alarm in case of an intrusion. These cameras consume less energy as they get activated and begin recording only when there is a movement of object in its field of view. This feature offers effective surveillance of an area at low costs.
Audio and Video Equipment Manufacturing Global Market Segmentation
The audio and video equipment manufacturing market is segmented into audio equipment manufacturing and video equipment manufacturing.
Audio Equipment Manufacturing comprises establishments producing electronic audio equipment including speakers, stereos, jukeboxes and microphones.
Video Equipment Manufacturing includes companies producing electronic video equipment including televisions, video cameras, video cassette recorders and video cameras.