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Global Pro AV Market Report 2021: Industry Trends, Share, Size, Growth, Opportunity and Forecasts, 2015-2020 & 2021-2026 - ResearchAndMarkets.com

·4 min read

DUBLIN, January 24, 2022--(BUSINESS WIRE)--The "Pro AV Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global pro AV market grew at a CAGR of around 11% during 2015-2020. Looking forward, the market is expected to continue its strong growth during 2021-2026.

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.

Pro audio/visual (AV) refers to an advanced interaction system installed for commercial sharing, advertising and marketing. It is used for electronic displays to deliver videos, web content, graphics and texts in private and public complexes. It consists of lighting and sound devices, digital signages, video conferencing systems, companion whiteboard recording equipment and projector systems.

These components aid in improving the overall communication and connectivity between the users and are also used for classrooms, presentations and on-site product demonstrations. As a result, pro AV finds extensive applications across various industries, such as hospitality, education and retail.

Significant growth in the education industry, along with rapid urbanization across the globe, is one of the key factors creating a positive outlook for the market. Pro AV is widely adopted for smart learning systems in schools, universities and various academic and research institutions, which use multi-touch high-definition (HD) televisions (TVs).

They enhance real-time blended teaching and learning and augment visualization and creativity to provide improved in-classroom experience. In line with this, pro AVs are installed in shopping centers, exhibition halls, hotels and stadiums to attract consumers' attention and influence their buying decisions, thereby favoring the market growth.

Additionally, various technological advancements, such as the integration of pro AV with the Internet of Things (IoT), smart and cloud-computing systems, are acting as other growth-inducing factors. These technologies are effective for conferencing, collaboration, learning, live events, security and surveillance.

Other factors, including the development of 360-degree cameras, drones and virtual reality (VR) systems to offer specialized content, along with improvements in the telecommunication infrastructure, are anticipated to drive the market further.

Key Questions Answered in This Report

  • How has the global pro AV market performed so far and how will it perform in the coming years?

  • What has been the impact of COVID-19 on the global pro AV market?

  • What are the key regional markets?

  • What is the breakup of the market based on the solution?

  • What is the breakup of the market based on the distribution channel?

  • What is the breakup of the market based on the application?

  • What are the various stages in the value chain of the industry?

  • What are the key driving factors and challenges in the industry?

  • What is the structure of the global pro AV market and who are the key players?

  • What is the degree of competition in the industry?

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being

  • Anixter International Inc. (Wesco International Inc.)

  • AVI Systems Inc.

  • AVI-SPL Inc.

  • Biamp Systems LLC

  • CCS Presentation Systems LLC

  • Ford Audio-Video Systems LLC

  • New ERA Technology Inc.

  • Professional Audio Visual Ltd.

  • Solutionz Inc.

  • Telerent Leasing Corp. (ITOCHU International Inc.)

  • Vistacom Inc.

Key Market Segmentation

Breakup by Solution

  • Products

  • Display

  • AV Acquisition and Delivery Products

  • Projectors

  • Sound Reinforcement Products

  • Conferencing Products

  • Other Products

Services

  • Installation Services

  • Maintenance Services

  • IT Networking Services

  • System Designing Services

  • Other Services

Breakup by Distribution Channel

  • Direct Sales

  • Distributors

Breakup by Application

  • Home Use

  • Commercial

  • Education

  • Government

  • Hospitality

  • Others

Market Breakup by Region

  • North America

  • Asia Pacific

  • Europe

  • Latin America

  • Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/9domjm

View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005468/en/

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