What are the recent trends in market size and growth for the video equipment market?
The video equipment market size has grown strongly in recent years. It will grow from $241.77 billion in 2024 to $253.99 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. 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 $296.66 billion in 2029 at a compound annual growth rate (CAGR) of 4.0%. 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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How have varous drivers impacted the growth of the video equipment market?
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. For instance, in September 2024, according to an article published by the Office of National Statistics, a UK-based executive office of the Statistics Authority published an article that said, in 2022, the UK saw a 6.3% increase in gross disposable household income (GDHI) compared to 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.
What are the primary segments of the video equipment market?
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
Subsegments:
1) By Television: LED TV, OLED TV, QLED TV, Smart TV, Plasma TV, 4K/8K UHD TV
2) By Video Cameras: Digital Video Cameras, Camcorders, Action Cameras, 360° Cameras, DSLR Video Cameras
3) By Video Players: Blu-ray Players, DVD Players, Streaming Media Players, VHS Players, Portable Media Players
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Which firms are leading the video equipment market?
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
What are the top industry trends projected to impact the video equipment market?
The demand for Ultra HD televisions is increasing rapidly, as they are energy efficient and offer high-quality images. Ultra HD televisions include 4K and 8K UHDs that have an aspect ratio of 16:9 or wider, and also present a minimum resolution of 3840×2160 pixels. The transition from traditional CRT and LCD TVs to ultra-HD TVs has been fast owing to the brisk pace of technological advances. For instance, in August 2023, according to the Office of Communications, a UK-based government office, in 2022, individuals aged over 64 watched 8% less broadcast TV compared to the previous year. Older viewers are progressively adopting streaming services, with the utilization of Disney+ among online individuals over 64 increasing from 7% in 2022 to 12% in 2023. In many developed countries such as US and the UK,34% of global households had smart TVs and sales are expected to reach majority by 2026. Thus, indicating high demand for ultra-HD 4k and 8k televisions.
Which geographic trends are shaping the video equipment market, and which region has the highest market share?
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
What Does The Video Equipment Market Report 2025 Offer?
The video equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Video equipment is defined as an electronic device that can broadcast or receive electromagnetic waves to represent both sound and image.
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