Dublin, April 21, 2021 (GLOBE NEWSWIRE) -- The "Audio and Video Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
Audio and Video Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global audio and video equipment market as it emerges from the COVID-19 shut down.
Major companies in the audio and video equipment market include Samsung Electronics Co Ltd; Sony Corp; LG Electronics Inc; Panasonic Corporation and Bose Corporation.
The global audio and video equipment market is expected to grow from $115.2 billion in 2020 to $138.34 billion in 2021 at a compound annual growth rate (CAGR) of 20.1%.
The growth 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 market is expected to reach $154.07 billion in 2025 at a CAGR of 3%.
Asia Pacific was the largest region in the global audio and video equipment market, accounting for 32% of the market in 2020. North America was the second largest region accounting for 25% of the global audio and video equipment market. Africa was the smallest region in the global audio and video equipment market.
The growing demand for curved TVs is being driven by consumer preference for better viewing. A curved screen allow for a more immersive experience, as the curve make viewer fill more of field of view and also provide a wider viewing angle. For example, in 2018, Samsung, one of the leading television manufacturers introduced Samsung Q7CN 4K TV, a curved display panel features quantum dots for vibrant colors and impressive contrast.
The changes in consumer lifestyles and preferences had a significant impact on the audio and video equipment market. With increasing smartphone and internet penetration and advances in social media and digital technologies, consumers shifted from traditional television to new forms of entertainment such as online audio and video streaming services on mobile phones. Television viewership continued to decline, especially among the millennials.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Audio and Video Equipment Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Audio and Video Equipment Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Audio and Video Equipment Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Audio and Video Equipment Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Audio and Video Equipment Market Trends and Strategies
8. Impact of COVID-19 on Audio and Video Equipment
9. Audio and Video Equipment Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Audio and Video Equipment Market Regional Analysis
10.1. Global Audio and Video Equipment Market, 2020, by Region, Value ($ Billion)
10.2. Global Audio and Video Equipment Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Audio and Video Equipment Market, Growth and Market Share Comparison, by Region
11. Audio and Video Equipment Market Segmentation
11.1. Global Audio and Video Equipment Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Audio Equipment
- Video Equipment
11.2. Global Audio and Video Equipment Market, Segmentation by End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- B2B
- B2C
11.3. Global Audio and Video Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- OEM
- Aftermarket
11.4. Global Audio and Video Equipment Market, Segmentation by Mode, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Online
- Offline
12. Audio and Video Equipment Market Segments
12.1. Global Audio Equipment Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Loudspeakers and Sound Bars; Microphones; Amplifiers and Mixers; Music Players and Other Audio Devices
12.2. Global Video Equipment Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Televisions; Video Players; Video Cameras
13. Audio and Video Equipment Market Metrics
13.1. Audio and Video Equipment Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Audio and Video Equipment Market Expenditure, 2015-2025, Global
Companies Mentioned
- Samsung Electronics Co Ltd
- Sony Corp
- LG Electronics Inc
- Panasonic Corporation
- Bose Corporation
For more information about this report visit https://www.researchandmarkets.com/r/nim570