Professional Audiovisual Pro Av Market
PUBLISHED: 2021 ID: SMRC20655
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Professional Audiovisual Pro Av Market

Professional Audio/Visual (Pro AV) Market Forecasts to 2028 – Global Analysis By Type (Services, Products), Application (Television (TV) Shows, Movies), End User (Government, Hospitality, Education), and By Geography

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4.4 (67 reviews)
Published: 2021 ID: SMRC20655

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Professional Audio-Visual (Pro AV) market is accounted for $279.28 billion in 2020 and is expected to reach $758.38 billion by 2028 growing at a CAGR of 13.3% during the forecast period. Some of the key factors propelling the market growth include growing adoption of pro AV for smart learning in education sector, increased use of digital signage, growing demand for the pro AV equipment for use in various applications, adoption of advanced and improved technology, emergence of new products and platforms, and rapid adoption of cloud platforms. However, high initial investment in Pro AV is likely to restraint the market.

Pro AV refers to an advanced integration of an audio-video system that enables the seamless communication and is used for commercial purposes. Pro AV uses various components such as display components, camera, audio components, computer, controller, room scheduler, companion whiteboard, advanced options such as digital signage, and other supporting accessories. All these components are connected with the internet to provide a seamless experience in meetings and conferences.  Due to high-quality communication Pro AV products are used in various industries such as education, hospitality retail, and others.

By type, the displays segment is anticipated to grow at the significant rate during the forecast period, due to rapid technological advancements in the audio and display technology. Displays are used for digital signage, a form of electronic display that delivers videos, web contents, images, and texts in public and private environments for the purpose of information-sharing, advertising, and marketing. This will drive the growth of the global pro AV market share by the products segment.

On the basis of geography, the Asia Pacific region was the largest pro AV market and the region will offer several growth opportunities to market vendors during the forecast period, due to shift toward the adoption of technologically advanced tools in classrooms, increasing government initiatives, growing K-12 industry in the Asia Pacific, and the increased use of printed signages for commercialization in the rapidly growing e-commerce industry. Emerging economies in Asia Pacific region such as India and China are taking initiatives to provide better quality smart education to students. For instance, according to a report by India Brand Equity Foundation, the government of India took several initiatives such as Pradhan Mantri Gramin Saksharta Abhiyan (in October 2017), skill India (July 2015), and others.

Some of the key players in Professional Audio-Visual (Pro AV) Market include Professional Audio Visual Ltd., Ford Audio-Video LLC, Anixter International Inc., AVI Systems Inc., Vistacom Inc., Biamp Systems, CCS Presentation Systems, Unified Technology Systems, New Era Technology, Telerent Leasing Corp., Carousel Industries, TRITECH Company Communications., Digital Networks Group, Inc., HB Communications, Inc, and Solotech.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 279.28 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

13.3%

Predicted 2028 Value:

USD 758.38 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

280

Chapters Covered:

Type, Distribution Channel, Application, and End User

Core Drivers and Opportunities:

  • Growing adoption of pro AV for smart learning in education sector
  • Growing demand for the pro AV equipment for use in various applications
  •  Incorporation of AV solutions in mobile devices

Restraining Factors & Market Threats:

  • High initial investment in Pro AV
  • Lack of skilled professionals


Types Covered:
• Services
• Products
• Software
• Infrastructure
• Environment

Distribution Channels Covered:
• Distributor
• Direct Sales

Applications Covered:
• Television (TV) Shows
• Movies

End Users Covered:
• Government
• Hospitality
• Education
• Home Use
• Commercial
• Private
• Public
• Corporate
• Retail
• Venues
• Transportation
• Individual
• Entertainment
• Exhibition
• Medical
• Communication

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand  
o South Korea             
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Professional Audio-Visual (Pro AV) Market is majorly driven by growing adoption of pro AV for smart learning in education sector, increasing usages of digital signage, adoption of advanced and improved technology, and emergence of new products and platforms.

The retail segment is growing at a highest CAGR owing to increasing retail sales across the globe, wide adoption of pro AV products in the retail industry, and stiff competition from the E-commerce platforms.

North America dominated with a significant market share due to a shift to private, public, and hybrid cloud deployments over the previous on-premises solutions, the prevalence of various market players in the region, and increasing adoption of advanced technology such as Pro AV for office meeting, conference and other activity.

Asia Pacific market is growing at a highest CAGR owing to the adoption of technologically advanced tools in classrooms along with increasing government initiatives, and rising usage of printed signages for commercialization in the e-commerce industry in India, and China.

Key players in Professional Audio-Visual (Pro AV) Market include Professional Audio Visual Ltd., Ford Audio-Video LLC, Anixter International Inc., AVI Systems Inc., Vistacom Inc., Biamp Systems, CCS Presentation Systems, Unified Technology Systems, New Era Technology, Telerent Leasing Corp., Carousel Industries, TRITECH Company Communications., Digital Networks Group, Inc., HB Communications, Inc, and Solotech.

Table of Contents

1 Executive Summary     
      
2 Preface     

 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 Application Analysis    
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
      
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Professional Audio-Visual (Pro AV) Market, By Type     
 5.1 Introduction    
 5.2 Services    
  5.2.1 System Design   
  5.2.2 Audio-Visual (AV) Acquisition and Delivery   
  5.2.3 Maintenance   
  5.2.4 Installation Services   
  5.2.5 Information Technology (IT) Networking Services   
  5.2.6 Control   
  5.2.7 Professional Service   
  5.2.8 Managed Service   
 5.3 Products    
  5.3.1 Displays   
  5.3.2 Sound Reinforcement   
  5.3.3 Projectors   
  5.3.4 Video Conferencing and Integrated Meeting Rooms   
  5.3.5 Storage & Distribution   
  5.3.6 Streaming Media   
  5.3.7 Capture & Production Equipment   
  5.3.8 Digital Signage and Video Walls   
 5.4 Software    
 5.5 Infrastructure    
 5.6 Environment    
      
6 Global Professional Audio-Visual (Pro AV) Market, By Distribution Channel     
 6.1 Introduction    
 6.2 Distributor    
 6.3 Direct Sales    
      
7 Global Professional Audio-Visual (Pro AV) Market, By Application     
 7.1 Introduction    
 7.2 Television (TV) Shows    
 7.3 Movies    
      
8 Global Professional Audio-Visual (Pro AV) Market, By End User     
 8.1 Introduction    
 8.2 Government    
 8.3 Hospitality    
 8.4 Education    
 8.5 Home Use    
 8.6 Commercial    
 8.7 Private    
 8.8 Public    
 8.9 Corporate    
 8.10 Retail    
 8.11 Venues    
 8.12 Transportation    
 8.13 Individual    
 8.14 Entertainment    
 8.15 Exhibition    
 8.16 Medical    
 8.17 Communication    
      
9 Global Professional Audio-Visual (Pro AV) Market, By Geography     

 9.1 Introduction    
 9.2 North America    
  9.2.1 US   
  9.2.2 Canada   
  9.2.3 Mexico   
 9.3 Europe     
  9.3.1 Germany   
  9.3.2 UK   
  9.3.3 Italy   
  9.3.4 France   
  9.3.5 Spain   
  9.3.6 Rest of Europe   
 9.4 Asia Pacific    
  9.4.1 Japan   
  9.4.2 China   
  9.4.3 India   
  9.4.4 Australia   
  9.4.5 New Zealand   
  9.4.6 South Korea   
  9.4.7 Rest of Asia Pacific   
 9.5 South America    
  9.5.1 Argentina   
  9.5.2 Brazil   
  9.5.3 Chile   
  9.5.4 Rest of South America   
 9.6 Middle East & Africa    
  9.6.1 Saudi Arabia   
  9.6.2 UAE   
  9.6.3 Qatar   
  9.6.4 South Africa   
  9.6.5 Rest of Middle East & Africa   
      
10 Key Developments     
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 10.2 Acquisitions & Mergers    
 10.3 New Product Launch    
 10.4 Expansions    
 10.5 Other Key Strategies    
      
11 Company Profiling     
 11.1 Professional Audio Visual Ltd.    
 11.2 Ford Audio-Video LLC    
 11.3 Anixter International Inc.    
 11.4 AVI Systems Inc.    
 11.5 Vistacom Inc.    
 11.6 Biamp Systems    
 11.7 CCS Presentation Systems    
 11.8 Unified Technology Systems    
 11.9 New Era Technology    
 11.10 Telerent Leasing Corp.    
 11.11 Carousel Industries    
 11.12 TRITECH Company Communications.    
 11.13 Digital Networks Group, Inc.    
 11.14 HB Communications, Inc    
 11.15 Solotech    


List of Tables      
1 Global Professional Audio-Visual (Pro AV) Market Outlook, By Region (2019-2028) ($MN)     
2 Global Professional Audio-Visual (Pro AV) Market Outlook, By Type (2019-2028) ($MN)     
3 Global Professional Audio-Visual (Pro AV) Market Outlook, By Services (2019-2028) ($MN)     
4 Global Professional Audio-Visual (Pro AV) Market Outlook, By System Design (2019-2028) ($MN)     
5 Global Professional Audio-Visual (Pro AV) Market Outlook, By Audio-Visual (AV) Acquisition and Delivery (2019-2028) ($MN)     
6 Global Professional Audio-Visual (Pro AV) Market Outlook, By Maintenance (2019-2028) ($MN)     
7 Global Professional Audio-Visual (Pro AV) Market Outlook, By Installation Services (2019-2028) ($MN)     
8 Global Professional Audio-Visual (Pro AV) Market Outlook, By Information Technology (IT) Networking Services (2019-2028) ($MN)     
9 Global Professional Audio-Visual (Pro AV) Market Outlook, By Control (2019-2028) ($MN)     
10 Global Professional Audio-Visual (Pro AV) Market Outlook, By Professional Service (2019-2028) ($MN)     
11 Global Professional Audio-Visual (Pro AV) Market Outlook, By Managed Service (2019-2028) ($MN)     
12 Global Professional Audio-Visual (Pro AV) Market Outlook, By Products (2019-2028) ($MN)     
13 Global Professional Audio-Visual (Pro AV) Market Outlook, By Displays (2019-2028) ($MN)     
14 Global Professional Audio-Visual (Pro AV) Market Outlook, By Sound Reinforcement (2019-2028) ($MN)     
15 Global Professional Audio-Visual (Pro AV) Market Outlook, By Projectors (2019-2028) ($MN)     
16 Global Professional Audio-Visual (Pro AV) Market Outlook, By Video Conferencing and Integrated Meeting Rooms (2019-2028) ($MN)     
17 Global Professional Audio-Visual (Pro AV) Market Outlook, By Storage & Distribution (2019-2028) ($MN)     
18 Global Professional Audio-Visual (Pro AV) Market Outlook, By Streaming Media (2019-2028) ($MN)     
19 Global Professional Audio-Visual (Pro AV) Market Outlook, By Capture & Production Equipment (2019-2028) ($MN)     
20 Global Professional Audio-Visual (Pro AV) Market Outlook, By Digital Signage and Video Walls (2019-2028) ($MN)     
21 Global Professional Audio-Visual (Pro AV) Market Outlook, By Software (2019-2028) ($MN)     
22 Global Professional Audio-Visual (Pro AV) Market Outlook, By Infrastructure (2019-2028) ($MN)     
23 Global Professional Audio-Visual (Pro AV) Market Outlook, By Environment (2019-2028) ($MN)     
24 Global Professional Audio-Visual (Pro AV) Market Outlook, By Distribution Channel (2019-2028) ($MN)     
25 Global Professional Audio-Visual (Pro AV) Market Outlook, By Distributor (2019-2028) ($MN)     
26 Global Professional Audio-Visual (Pro AV) Market Outlook, By Direct Sales (2019-2028) ($MN)     
27 Global Professional Audio-Visual (Pro AV) Market Outlook, By Application (2019-2028) ($MN)     
28 Global Professional Audio-Visual (Pro AV) Market Outlook, By Television (TV) Shows (2019-2028) ($MN)     
29 Global Professional Audio-Visual (Pro AV) Market Outlook, By Movies (2019-2028) ($MN)     
30 Global Professional Audio-Visual (Pro AV) Market Outlook, By End User (2019-2028) ($MN)     
31 Global Professional Audio-Visual (Pro AV) Market Outlook, By Government (2019-2028) ($MN)     
32 Global Professional Audio-Visual (Pro AV) Market Outlook, By Hospitality (2019-2028) ($MN)     
33 Global Professional Audio-Visual (Pro AV) Market Outlook, By Education (2019-2028) ($MN)     
34 Global Professional Audio-Visual (Pro AV) Market Outlook, By Home Use (2019-2028) ($MN)     
35 Global Professional Audio-Visual (Pro AV) Market Outlook, By Commercial (2019-2028) ($MN)     
36 Global Professional Audio-Visual (Pro AV) Market Outlook, By Private (2019-2028) ($MN)     
37 Global Professional Audio-Visual (Pro AV) Market Outlook, By Public (2019-2028) ($MN)     
38 Global Professional Audio-Visual (Pro AV) Market Outlook, By Corporate (2019-2028) ($MN)     
39 Global Professional Audio-Visual (Pro AV) Market Outlook, By Retail (2019-2028) ($MN)     
40 Global Professional Audio-Visual (Pro AV) Market Outlook, By Venues (2019-2028) ($MN)     
41 Global Professional Audio-Visual (Pro AV) Market Outlook, By Transportation (2019-2028) ($MN)     
42 Global Professional Audio-Visual (Pro AV) Market Outlook, By Individual (2019-2028) ($MN)     
43 Global Professional Audio-Visual (Pro AV) Market Outlook, By Entertainment (2019-2028) ($MN)     
44 Global Professional Audio-Visual (Pro AV) Market Outlook, By Exhibition (2019-2028) ($MN)     
45 Global Professional Audio-Visual (Pro AV) Market Outlook, By Medical (2019-2028) ($MN)     
46 Global Professional Audio-Visual (Pro AV) Market Outlook, By Communication (2019-2028) ($MN)     
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.      

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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