Pro AV Market by Type and Geography - Forecast and Analysis 2021-2025

The Pro AV market share is expected to increase by USD 90.51 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.31%.

This Pro AV market research report extensively covers Pro AV market segmentation by type (products and services) and geography (APAC, North America, Europe, South America, and MEA). The Pro AV market report also offers information on several market vendors, including 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. among others.

What will the Pro AV Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Pro AV Market Size for the Forecast Period and Other Important Statistics

Pro AV Market: Key Drivers, Trends, and Challenges

The increased use of digital signage is notably driving the Pro AV market growth, although factors such as increased emphasis on one-on-one learning may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the Pro AV industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pro AV Market Driver

One of the key factors driving growth in the Pro av market is the increased use of digital signage. Products such as displays and sound reinforcement are used for digital signage. Signages are the primary tools used by corporates and businesses to display content to be conveyed to the target audiences. The retail industry is one of the key segments witnessing the intensive adoption of digital signage systems to influence the buying behavior of the target audience. Another aspect of digital signage is the rise in the popularity of interactive features. Interactive digital signage or touchscreen signage displays have wide applications in retail, corporate offices, transportation, exhibition halls, hotels, stadiums, and several public spaces. The extensive use of digital signage will drive the demand for Pro AV products and services, which, in turn, will drive market growth.

Key Pro AV Market Trend

The training for pro AV equipment is another factor supporting the Pro AV market share growth. Established vendors of pro AV equipment train users on 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 personnel develop expertise in Epson's latest AV technology. This is designed to help AV professionals acquire detailed knowledge of Epson's complete range of AV solutions and experience of the arrangement, maintenance, operation, and marketing of these technologies across the pro-AV rental sector. It serves the events and retail, educational, and business sectors as well.

Key Pro AV Market Challenge

The increased emphasis on one-on-one learning will be a major challenge for the Pro AV market vendors during the forecast period. One-on-one learning is an academic technique used by many educational institutions worldwide. This learning methodology has very few time constraints, and the students can learn at their own pace. One-to-one learning programs are expanding rapidly with global initiatives such as Microsoft's Anytime Anywhere learning program and One Laptop per Child program. The rising popularity of one-on-one learning programs, along with the rise in popularity of homeschooling, will have a negative impact on the growth of the global pro AV market.

This Pro AV market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global Pro AV market as a part of the global consumer electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the Pro AV market during the forecast period.

Who are the Major Pro AV Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• 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.
• Vistacom Inc.

This statistical study of the Pro AV market encompasses successful business strategies deployed by the key vendors. The Pro AV market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• AVI Systems - The company offers audiovisual solutions that increase employee adoption of collaboration spaces.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The Pro AV market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pro AV Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the Pro AV market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Pro AV Market?

For more insights on the market share of various regions Request for a FREE sample now!

41% of the market's growth will originate from APAC 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 the growth of the market in other regions.

The growth of the education sector will facilitate the Pro AV market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in APAC declined the growth of the pro AV market in the region in 2020. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, imposed either a partial or complete lockdown to contain the spread of the pandemic. These countries are highly dependent on the US and other European countries for pro AV. Owing to the lockdown measures, the unmet demand for pro-AV is expected to hamper the growth of the regional market during the forecast period. Since the first half of 2021, there has been resumption in the operations of institutions, commercial spaces, and others, which is expected to increase the demand for pro AV systems in the region during the forecast period.

What are the Revenue-generating Type Segments in the Pro AV Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The Pro AV market share growth by the products segment will be significant during the forecast period. The increase in the number of retail stores has driven the consumption of digital signage that uses Pro AV displays. The increase in the number of multinational corporations worldwide will boost the demand for Pro AV products and services.

This report provides an accurate prediction of the contribution of all the segments to the growth of the Pro AV market size and actionable market insights on post COVID-19 impact on each segment.

Request for a FREE sample

What are the Key Data Covered in this Pro AV Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive Pro AV market growth during the next five years
• Precise estimation of the Pro AV market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the Pro AV industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Pro AV market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch