Global Audio Visual Hardware Market projected to reach $450.4 billion by 2032
From Globe Newswire: 2025-01-13 08:30:00
The global Audio Visual Hardware Market was valued at $257.2 billion in 2023 and is projected to reach $450.4 billion by 2032, growing at a CAGR of 6.44%. Demand is rising across entertainment, education, corporate, and retail sectors, driven by digital content consumption and technological advancements like 4K and 8K TVs, advanced projectors, and sound systems. The education sector is a key driver, along with VR/AR technologies and hybrid work models boosting video conferencing hardware needs. Retailers also use AV for digital signage and customer experiences. Leading market players include Sony, Samsung, LG, Panasonic, Sonos, Bose, Vizio, Harman International, and more.
The professional segment led the Audio-Visual Hardware Market in 2023, with key players like AVI-SPL Inc., AVI Systems Inc., Ford Audio-Video LLC, and Solotech Inc. On the consumer side, demand is growing for AV products that integrate with smart home networks and offer voice control. In 2023, the equipment segment dominated the market, driven by high-resolution displays, advanced audio systems, and VR/AR technologies. The digital signal management (DSM) segment is expected to see significant growth due to complex AV systems requiring effective signal routing and processing.
North America held the largest market share in 2023, driven by demand for flexible and convenient AV solutions. The Asia-Pacific region is expected to experience strong growth from 2024 to 2032, fueled by rising demand for smart home solutions, expansion of high-speed internet, and adoption of OTT streaming services. AI and AR integration into AV hardware are enhancing user experience, especially in vehicles.
Sony’s 360 Reality Audio and Dolby Atmos Music are competing in the immersive 3D audio market, targeting GenZ consumers who value sound quality. This shift marks a significant evolution in music consumption habits. Panasonic will provide advanced AV solutions for the Paris 2024 Olympic and Paralympic Games, deploying state-of-the-art equipment to enhance event efficiency, sustainability, and operational innovation. The audio visual hardware market is set to experience significant growth from 2024 to 2032, according to a new report. Insights include wafer production volumes by region, chip design trends, fab capacity utilization in 2023, and supply chain metrics. The report also covers market segmentation, regional analysis, company profiles, and use cases.
To access more research insights on the audio visual hardware market growth and outlook, visit the provided link. For customization or additional information, contact [email protected]. SNS Insider is a leading global market research and consulting agency, providing clients with current and accurate market data, consumer insights, and opinions to make confident decisions in a changing environment. Techniques include surveys, video talks, and focus groups worldwide.
Read more at Globe Newswire: Audio Visual Hardware Market to Worth USD 450.4 Billion by