The audio & video (AV) equipment industry includes manufacturing, distribution and sales of the devices mostly intended for home entertainment. The AV equipment industry is growing rapidly after its amalgamation with information technology. The AV equipment includes electronic devices such as speakers, stereo systems, headphones, microphones, television, radio, camcorders and others.
The AV equipment market is majorly segmented into home audio equipment, video devices and others. The home audio equipment market is driven by factors such as growing entertainment industry, rising preference for high-quality sound, increasing usage of online streaming, unrestricted mobility and high-speed data streaming. The introduction of wireless and Bluetooth products such as wireless or Bluetooth enabled speakers, headphones and mp3 players are expected to further boost the home audio equipment market.
The home audio equipment market is categorized into home radios, audio systems, Home Theatre in Box (HTiB) and other home audio accessories, which includes subwoofers, speakers, set-top boxes, microphones, etc. HTiB includes surround sound speakers, Blu-ray or DVD players and multi-channel amplifiers.
The video devices market consists of product segments such as video game consoles, set-top boxes, Blu- ray players, smart TVs, smartphones, tablets and IP streaming devices. Smartphone segment holds the highest market share and is expected to be the ruler in near future. Factors such as an increase in content consumption, development of transformative user experiences, growing adoption of high-end devices and continuous innovation in technology are the primary drivers for the video devices market. The emergence of advanced devices and technologies such as 4K and 3D monitors or televisions, projection mapping, lampless projection, augmented or virtual reality devices and LED display have redefined the video display technologies.
ASDReport.com offers an extensive repository of reports on audio & video equipment market. The reports cover various products and technologies related to audio & video market like CCTV lens, speech and voice recognition, radio, loudspeakers, video conferencing and much more.