According to study, “Audio And Video Equipment Manufacturing Global Market Report 2019” the key companies operating in the global audio and video equipment manufacturing market are Samsung Electronics Co Ltd, Harman International Industries, Bose Corporation, LG Electronics Inc, Voxx, Alpine Electronics Inc., Sony Corp, Panasonic Corporation, Akai, DTS Inc., Dolby Laboratories Inc., JVC Kenwood Holdings Inc., Koninklijke Philips Electronics NV, Sanyo Electric Co. Ltd., Onkyo Corporation, Nakamichi Corporation, Sharp Corp., Pioneer Corporation, AKG Acoustics, Bad Cat, Casio, Boston Acoustics, Electro Magnet Speaker, JBL, Lighthouse Technologies Ltd., Wollensak, Kenwood Corp., Mackie, Marshall Amplification, Mesa Boogie, Martin Audio, NXT Plc., Toshiba America Inc.
Audio equipment assigns to devices that reproduce, record, or process sound such as AV receivers, radio receivers and microphones etc. Video equipments are electronic equipment to broadcasts or receive electromagnetic waves for representing images & sound such as television equipment. Audio and video equipments are generally designed in-house and sold to customers through retail chains, distributors, and retail stores.
Based on equipment, global audio and video equipment manufacturing market is segmented into amplifiers, DVD or blue-ray players, car stereos, jukeboxes, home stereo systems, wireless speaker, loudspeaker, sound bars, microphones, Bluetooth audio, headphones, speaker systems, televisions, household-type video cameras and video cassette recorders. Based on raw material, market is segmented into permanent magnets, metal & plastic casings, copper coils, stainless steel cabinets and video displays & electronic components. Based on distribution channel, market is segmented into offline channel and online channel. Based on application, market is segmented into home entertainment, motor vehicles, musical instrument amplification and musical instrument amplification.
The audio and video equipment manufacturing market is driven by increase in popularity of audio and video broadcasting & e-commerce for consumer electronics, followed by augment in technological advances, and rise in disposable. However, change in consumer preferences, increases in interest rate and high degree of price may impact the market growth.
Nowadays, companies are manufacturing Closed Circuit Television Cameras (CCTV) using motion detection technology for countering theft & crime. The CCTV camera consumes less energy and detects any motion of objects in the field of view with raises alarm in case of an intrusion. This feature provides effective surveillance of an area at low costs. In addition, LED video walls are also installed in commercial establishments such as hotels, stadiums stores, restaurants, and other places. These video walls are used as monitor screens for display advertisements.
Based on geography, Asia-Pacific region holds major share in audio and video equipment manufacturing market owing to rise in middle class population in developing countries such as India, China, and Brazil. North-America in expected to witness higher growth rate due to enhance in demand for wireless audio equipment market as a result of increase in popularity of mobile devices & change in media consumption behavior of consumers over the forecast period. In upcoming years, it is estimated that the market will be reached at rapid pace on account of increase in economic growth and rise in disposable income.
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Ankur Gupta, Head Marketing & Communications