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Sector Snapshot: Global Audio & Video

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The world AV market is currently valued at about $68 billion. (Photo: Stock.xchng)
The world AV market is currently valued at about $68 billion. (Photo: Stock.xchng)

BUSINESS

  • Global market for audio visual products will be valued at about $90 billion by 2012
  • AV equipment is the largest division of the global consumer electronics market
  • US leading with 47% of the worldwide consumer electronics market

The audio and video equipment market equips homes, businesses and schools with products needed to inform, educate and entertain. From home theaters, to car stereos and business presentation equipment, this industry creates the equipment that has become an important part of most people's lives.

Consumer desire to own mobile phones that both take pictures and shoot video - instead of buying seperate audio visual devices - may account for some of the lowered sales during the economic crisis.

The market has since experienced a rebound, with revenue increasing in 2010. It is expected to increase further in 2011 as the home cinema industry and auto/auto manufacturing industries experience strong growth.

Key Statistics – Audio & Video

  • By 2012 the global market for audio visual products will be valued at about $90 billion. The market is currently valued at about $68 billion, according to InfoComm International.
  • The AV and electronic industry in Europe was valued at about $15 billion in 2009. From 2011 and 2012, the market is predicted to expand to be valued at more than $20 billion. The industry's Compound Annual Growth Rate is expected to stay between 8% and 10%, according to InfoComm International.
  • According to research by Datamonitor, the AV equipment industry is the largest division of the global consumer electronics market, consisting of 91% of market value.
  • The United States represents 47% of the worldwide consumer electronics market, according to Datamonitor.

Key Players - Audio & Video

  • ADC Telecommunications Incorporated, Nature Vision, Audiovox, Harman International Industries Inc., LG Electronics, Samsung Electronics, Panasonic, Pioneer, AudioSoft, Fujikon Industrial, Harman International, Harrison, Sanyo, Sherwood, Sony, Samson Technologies, Kenwood, JVC, Yamaha, Akai, Dolby Laboratories, DTS, Philips Electronics, Onkyo, Sharp

Latest Business News – Audio & Video

  • Hannspree Global launched an Amazon storefront to further sell its televisions, tablets and other products via the largest online retailer.
  • Mitsubishi announced the development of a new widescreen projector that will appeal to businesses and schools.
  • Australian company Audinate's Dante product earned the Best Pro Audio Technology Award of the Year at the PALME 2011 tradeshow.

Upcoming Events – Audio & Video

  • InfoComm11 June 11, 2011 Orlando, Florida USA
  • 2011 China International Consumer Electronics Show July 28, 2011 in Qingdao, China

By C. Williams for
C. Williams is a journalist based in the United States. She has been covering the news for over a decade.

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