Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Video Equipment Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The video equipment market has demonstrated significant growth, with a projected increase from $128.02 billion in 2023 to an anticipated $151.67 billion by the year 2028, at a steady compound annual growth rate (CAGR) of 3.3%. A comprehensive market research report on this sector has now been made available, offering in-depth insights into current trends, growth drivers, and forecasted market developments.
The report highlights the latest technological innovations and consumer trends that are shaping the industry's future. In particular, it points to the expanding demand for Ultra High-Definition (UHD) televisions and the integration of augmented reality (AR) and virtual reality (VR) into video equipment as key market growth factors.
Key findings from the report include:
- The increasing popularity of digital streaming services is driving consumer investment in high-quality video equipment to enhance viewing experiences.
- Technological advancements are accelerating the transition from conventional televisions to ultra-HD TVs, including 4K and 8K models.
- Emerging augmented reality and virtual reality technologies are becoming a differentiating factor for companies within the market.
- Asia-Pacific dominates the video equipment market, showcasing considerable growth potential.
In addition to these insights, the report sheds light on the important role of economic expansion and rising disposable incomes in emerging markets, leading to a fortified demand for video equipment. Noteworthy market segments such as smart TVs, video cameras, and video players are also discussed in detail.
With multiple market forces converging, such as the rise of remote work, online education platforms, and IoT applications, the video equipment sector presents numerous opportunities for industry stakeholders.
Emergent Trends and Regional Market Performance
This market research report delves into various facets including the influence of demographic shifts, lifestyle changes, and consumer preferences on market dynamics.
Analysts have scoped out the influential trends forecasted to propel the market forward, including:
- Integration of 5G technology and its impact on high-definition content consumption.
- Adoption of AR and VR technologies in consumer and enterprise video equipment.
- Growth in video streaming services and corresponding demand for optimized video equipment.
- Increasing use of AI and machine learning in video equipment for an enhanced user experience.
- Rise of eco-friendly practices and sustainability in manufacturing and product design.
The report presents crucial data for industry players, providing a strategic edge in this competitive market. It offers a thorough analysis of various regions' market performances, emphasizing the robust growth in countries like China, India, Brazil, and across the Asia-Pacific region.
A selection of companies mentioned in this report includes
- Bose Corporation
- LG Electronics Inc.
- Panasonic Corporation
- Sony Corporation
- Samsung Electronics Co. Ltd.
- Toshiba Corporation
- Koninklijke Philips N.V. (Philips)
- D&M Holdings Inc.
- Sharp Corporation
- Harman International Industries Incorporated
- Hisense Group
- TCL Corporation
- Skyworth Group
- Vizio Inc.
- Fujitsu Limited
- Sansui Electric Co. Ltd.
- Haier Group
- Hitachi Ltd.
- Lloyd Electric & Engineering Ltd.
- Micromax Informatics Ltd.
- Xiaomi Corporation (Mi)
- Onida Electronics
- Canon Inc.
- JVC Kenwood Corporation
- Fujifilm Holdings Corporation
- GoPro Inc.
- Nikon Corporation
- Blackmagic Design Pty. Ltd.
- RED Digital Cinema
- Grass Valley USA LLC
- Avid Technology Inc.
- Atomos Limited
- Teradek LLC
- Marshall Electronics Inc.
- NewTek Inc.
- Vitec Group plc
- Ross Video Ltd.
- Evertz Microsystems Ltd.
- Telestream LLC
- Matrox Electronic Systems Ltd.
- FOR-A Company Limited
- ChyronHego Corporation
For more information about this report visit https://www.researchandmarkets.com/r/f50arb
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