Video Equipment Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Video equipment is defined as an electronic device that can broadcast or receive electromagnetic waves to represent both sound and image.

Sizing and Forecast
The video equipment market size has grown steadily in recent years. It will grow from $128.02 billion in 2023 to $133.09 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to television broadcasting, film and entertainment industry, surveillance and security, video conferencing and communication.

The video equipment market size is expected to see steady growth in the next few years. It will grow to $151.67 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to 5g and high-definition content, augmented and virtual reality, remote work and education, video streaming services, iot and surveillance. Major trends in the forecast period include 8k and high-resolution video, compact and portable solutions, ai and machine learning, live streaming and user-generated content, sustainability and eco-friendly practices.

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Segmentation & Regional Insights
The video equipment market covered in this report is segmented –

1) By Product Type: Television, Video Cameras, Video Players
2) By Application: Online, Offline
3) By End Use Industry: B2B, B2C

Asia-Pacific was the largest region in the video equipment market in 2023. North America was the second-largest region in the video equipment market. The regions covered in the video equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rise in disposable incomes was a major driver for the video equipment market. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India, and Brazil. According to the World Bank, the per capita net disposable income of lower-middle-income countries was between $1,036 and $4,045 and the per capita net disposable income of upper-middle-income countries was in between $4,046 and $12,535 in 2021. Increased earnings greatly increased disposable incomes in the emerging markets, increasing the demand for consumer electronics products such as televisions and home theatre systems.

Key Industry Players
Major companies operating in the video equipment market include Bose Corporation, LG Electronics Inc., Panasonic Corporation, Sony Corporation, Samsung Electronics Co. Ltd., Toshiba Corporation, Koninklijke Philips N.V. (Philips), D&M Holdings Inc., Sharp Corporation, Harman International Industries Incorporated, Hisense Group, TCL Corporation, Skyworth Group, Vizio Inc., Fujitsu Limited, Sansui Electric Co. Ltd., Haier Group, Hitachi Ltd., Lloyd Electric & Engineering Ltd., Micromax Informatics Ltd., Xiaomi Corporation (Mi), Onida Electronics, Canon Inc., JVC Kenwood Corporation, Fujifilm Holdings Corporation, GoPro Inc., Nikon Corporation, Blackmagic Design Pty. Ltd., RED Digital Cinema, Grass Valley USA LLC, Avid Technology Inc., Atomos Limited, Teradek LLC, Marshall Electronics Inc., NewTek Inc., Vitec Group plc, Ross Video Ltd., Evertz Microsystems Ltd., Telestream LLC, Matrox Electronic Systems Ltd., FOR-A Company Limited, ChyronHego Corporation

The video equipment market report table of contents includes:

1. Executive Summary

2. Video Equipment Market Characteristics

3. Video Equipment Market Trends And Strategies

4. Video Equipment Market – Macro Economic Scenario

5. Global Video Equipment Market Size and Growth
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31. Global Video Equipment Market Competitive Benchmarking

32. Global Video Equipment Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Video Equipment Market

34. Video Equipment Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players: