The Audiovisual Market | United States

The audiovisual market includes various live streaming services, video conferencing, films, tape, and television programs. With the advent of technology and invention of modern playback mediums, the audiovisual market is lucrative and continues to expand due to prospective buyers and entertainment demands.

The audiovisual market generated $91 billion revenue in 2014 and is slated to grow at a CAGR of 11.75% between 2016 to 2020. Current market trends suggest a market transition to mobile platforms, given the invention of new tech and media playing devices. High-speed internet connectivity is one of the key drivers of the audiovisual market along with increasing disposable incomes, developing teaching spaces, increased collaborative events and growing economies.

It is forecasted that 60% of vendors will be transitioning to mobile platforms. Rising demand for controlled systems and communication mediums are attributed to the expansion of the audiovisual market along with the overall growth in the entertainment, film and business industries. There were only 50 vendors offering pro AV services back in 2005. In 2015, this number boomed beyond 500 vendors and is still increasing. Small and medium sized business firms are adapting to pro AV technology with the implementation of digital signage in firms. Low replacement cycles are a key challenge faced by this industry. The key players in this industry are Samsung, Technical Innovation, Sharp Electronics and Unified AV

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Samsung

  • Country : South Korea
  • Turnover : USD 305 billion
  • Position : One of the global leaders of audio-visual electronics and pro AV technologies.

Sharp Electronics

  • Country : Japan
  • Turnover : USD 28.7 billion

Bose

  • Country : United States
  • Turnover : USD 3.5 billion

Ergotron

  • Country : United States
  • Turnover : USD 151.4 million
  • Position : Designs and develops a wide variety of audio visual products and mounts for various devices.

Elo Touch Solutions

  • Country : United States
  • Turnover : USD 100 million to USD 500 million per year
  • Position : Is a company that manufactures various electronic components, touchscreen devices and audiovisual products across America.

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