What is the current market size and future outlook for the professional audio visual (av) market?
The professional audio visual (AV) market size has grown rapidly in recent years. It will grow from $376.39 $ billion in 2024 to $424.69 $ billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to corporate sector expansion, an increase in digital signage, rising demand for home theaters, e-commerce growth, and healthcare sector expansion.
The professional audio visual (AV) market size is expected to see rapid growth in the next few years. It will grow to $683.2 $ billion in 2029 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to the development of AI-driven AV solutions, increased investment in smart cities and IoT infrastructure, rising adoption of virtual and augmented reality, expansion of the live events and concert industry, and increased demand for high-quality streaming services. Major trends in the forecast period include 5G integration, AI-powered analytics, cloud-based AV solutions, technological advancements, and interactive touchscreen displays.
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How has the professional audio visual (av) market evolved, and what factors have shaped its growth?
The growing entertainment industry is expected to propel the growth of the professional audio visual (AV) market going forward. The entertainment industry encompasses businesses that produce and distribute media, such as film, television, music, gaming, and live performances, for public enjoyment. The entertainment industry is growing due to rising digital consumption, technological advancements, increasing demand for diverse content, expanding global access to streaming services, the proliferation of mobile devices, greater investments in original productions, and the influence of social media in driving content discovery and engagement. Professional audio-visual (AV) technology is crucial in the entertainment industry for enhancing audience experiences through high-quality sound, visuals, and immersive environments. For instance, in August 2024, according to the International Trade Administration, a US-based Department of Commerce, the U.S. Media and Entertainment (M&E) industry is the largest in the world at $649 billion (of the $2.8 trillion global market) and is projected to grow to $808 billion by 2028 at an average yearly rate of 4.3%. Therefore, the growing entertainment industry is driving the growth of the professional audio visual (AV) market.
What are the major segments of the professional audio visual (av) market?
The professional audio visual (AV) market covered in this report is segmented –
1) By Types: Services, Products, Software, Infrastructure, Environment
2) By Distribution Channels: Distributor, Direct Sales
3) By Applications: Television (TV) Shows, Movies
4) By End Users: Government, Hospitality, Education, Home Use, Commercial, Private, Public, Corporate, Retail, Other End Users
Subsegments:
1) Services: Consulting Services, Installation Services, Maintenance and Support Services
2) Products: Audio Equipment, Visual Equipment, Video Conferencing Systems
3) Software: AV Control Software, Content Management Software, Collaboration Software
4) Infrastructure: AV Network Infrastructure, Cables and Connectors, Racks and Mounts
5) Environment: Corporate AV Solutions, Education AV Solutions, Hospitality AV Solutions
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Which companies dominate the professional audio visual (av) market?
Major companies operating in the professional audio visual (AV) market are Samsung Electronics Co. Ltd., Mitsubishi Electric Corporation, Wesco International Inc., InFocus Corporation, Seiko Epson Corporation, Anixter Inc., Arista Networks Inc., New Era Technology Inc., AVI-SPL LLC, Semtech Corporation, Sharp NEC Display Solutions, AVI Systems Inc., Avidex Industries LLC, Datapath Ltd., proAV Limited, Solutionz Inc., Biamp Systems LLC, Vistacom Inc., Applied Electronics Limited, Audinate Group Limited, PRO AV Systems, CCS Presentation Systems Inc., Spinitar, Prysm Systems, Ford Audio-Video LLC, Synergy Audio Visual
How will evolving trends contribute to the growth of the professional audio visual (av) market?
Major companies operating in the professional audio visual (AV) market are focusing on developing innovative solutions, such as a program management suite, to provide enterprise customers with real-time insights, consistency, efficiency, and transparency in managing their global audiovisual collaboration projects. A program management suite is a comprehensive software platform designed to help organizations plan, execute, monitor, and control multiple projects and programs simultaneously, ensuring alignment with strategic objectives and efficient resource allocation. For instance, in April 2023, AVI Systems, Inc., a US-based audiovisual company, launched AVI Vision, a real-time program management dashboard. This gives clients comprehensive visibility into their global audiovisual and unified collaboration projects, enabling efficient collaboration and informed decision-making. Its significance lies in providing enterprise customers with a customizable, scalable solution to manage complex, multi-location AV deployments with transparency, consistency, and real-time insights.
What are the key regional dynamics of the professional audio visual (av) market, and which region leads in market share?
Asia-Pacific was the largest region in the professional AV market in 2024. The regions covered in the professional audio visual (AV) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Professional Audio Visual (AV) Market Report 2025 Offer?
The professional audio visual (av) market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Professional audio visual (AV) refers to the use of advanced audio and visual technologies for communication, presentation, and entertainment in various settings, such as corporate, education, healthcare, and entertainment sectors. It includes systems such as video conferencing, digital signage, sound reinforcement, and control systems.
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