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?
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.
Biamp Systems LLC
CCS Presentation Systems LLC
Ford Audio-Video Systems LLC
New ERA Technology Inc.
Professional Audio Visual Ltd.
Telerent Leasing Corp. (ITOCHU International Inc.)
Key Market Segmentation
Breakup by Solution
AV Acquisition and Delivery Products
Sound Reinforcement Products
IT Networking Services
System Designing Services
Breakup by Distribution Channel
Breakup by Application
Market Breakup by Region
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/
Laura Wood, Senior Press Manager
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