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According to recent Technavio market research, the Pro AV market is expected to grow by $90.51 billion between 2020 and 2025, at an accelerated pace CAGR of 7.31%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets. APAC will register the highest growth rate of 45% among other regions.

Download a FREE sample: for additional information on key APAC countries.

Regional Market Outlook

the Professional audiovisual market share growth in APAC will be significant during the forecast period. China and Japan are the key markets for Pro AV in APAC. Market growth in this region will be faster than market growth in other regions. Growth in the education sector will facilitate the growth of the Pro AV market in APAC over the forecast period.

the education sector growth is driving the growth of the professional audiovisual market in Asia-Pacific. The shift towards adoption of technologically advanced tools in classrooms will propel the growth of the pro-AV market in the region. Government initiatives in developing APAC countries will increase the demand for document cameras during the forecast period. The central government of China focuses on funding initiatives to bridge the gap between the quality of education in rural and urban areas, as part of the Chinese President’s goal to eradicate poverty nationwide by 2020 .

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Overview of Suppliers-

the Professional audiovisual market is fragmented, and vendors are deploying growth strategies such as focusing on delivering products through multiple distribution channels to compete in the market.

  • AVI systems – The company offers AV solutions that increase employee adoption of collaborative spaces.

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Latest drivers and trends driving the market-

  • Pro AV market driver:
    • Increased use of digital signage:

The key factor driving the growth of the Pro AV market is the increased use of digital signage. Products such as screens and sound systems are used for digital signage. Panels are the primary tools used by companies and businesses to display content to deliver to target audiences. The retail industry is one of the key segments witnessing the extensive adoption of digital signage systems to influence the buying behavior of the target audience. Another aspect of digital signage is the growing popularity of interactive features. Interactive digital signage or touch screen displays have many applications in retail, corporate offices, transportation, exhibition halls, hotels, stadiums and in several public spaces. The extensive use of digital signage will drive the demand for Pro AV products and services, which in turn will drive the growth of the market.

  • Professional audiovisual market trend:
    • Training for pro AV equipment:

Professional AV equipment training is another factor supporting the growth of the professional AV market share. Established providers of professional AV equipment train users in the use of such equipment; this trend is expected to gain traction during the forecast period. Seiko Epson Corp. offers its program, which helps engineers, operators and sales staff develop their expertise in the latest audio-visual technology from Epson. It is designed to help AV professionals gain detailed knowledge of Epson’s full range of AV solutions and experience in the provisioning, maintenance, operation and marketing of these technologies in the professional audiovisual rental sector. It also serves the event and retail, education and business sectors.

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AV Pro Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 7.31%

Market Growth 2021-2025

$90.51 billion

Market structure

Fragmented

Annual growth (%)

6.57

Regional analysis

APAC, North America, Europe, South America and MEA

Successful market contribution

APAC at 41%

Main consumer countries

USA, China, UK, Japan, Canada and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

AVI Systems, AVI-SPL LLC, CCS Presentation Systems, Diversified, Ford Audio-Video LLC, Godrej and Boyce Manufacturing Co. Ltd., New Era Technology, Solutionz Inc, Telerent Leasing Corp. and Vistacom Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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