The global video equipment market was worth $120.47 billion in 2019.
The video equipment market consists of sales of video equipment and related services that are used in various applications such as residential and commercial purposes. Video equipment includes televisions, video cameras, Blue-ray players, and video cassette recorders.
Video Equipment Global Market Report 2020 from the publisher provides the strategists, marketers and senior management with the critical information they need to assess the global video equipment market.
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Where is the largest and fastest growing market for the video equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Video Equipment market global report from the publisher answers all these questions and many more.
The video equipment market covered in this report is segmented by product type into television, video cameras, and video players and by end use industry into B2B and B2C.
The changes in consumer lifestyles and preferences had a significant impact on the video equipment market. With increasing smartphone and internet penetration and advances in social media and digital technologies, consumers shifted from traditional television to new forms of entertainment such as online video streaming services on mobile phones. Television viewership continued to decline, especially among the millennial. For example, as of 2017, young people in the UK were watching a third less television through traditional free-to-air channels such as the BBC and ITV than they did in 2010. In 2016, the decline in TV viewership for young millennial (aged 18-24) in the US was 7.4% year-over-year and 40.1% over 5 years. Changes in consumer preferences restricted the demand for video equipment.
In February 2018, GotMatter Pvt Ltd, a Bangalore based IT and E-Commerce company, acquired Ridaex Technologies for an undisclosed amount. The acquisition will strengthen the GotMatter Pvt Ltd.'s position as an agile and innovative company. Also, enables the company to improve sales and increase expertise in customer services and enhance its business intelligence. Ridaex Technologies made its name by manufacturing first Indian Led Smart TVs.
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 world's middle class population - defined as the population that earn between $10 and $100 per day - increased from approximately 1.5 to 2 billion between 2010 and 2015. In 2017, China's economy grew at 6.9% and India's GDP grew at 7.1%. The per capita disposable income in India increased at a CAGR of 9.2% during 2005-2015 to reach $1,154 in 2015. Increased earnings greatly increased disposable incomes in the emerging markets, increasing the demand for consumer electronics products such as televisions and home theater systems.
Key Topics Covered:
1. Executive Summary
2. Video Equipment Market Characteristics
3. Video Equipment Market Size and Growth
3.1. Global Video Equipment Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers of the Market
3.1.2. Restraints on the Market
3.2. Global Video Equipment Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers of the Market
3.2.2. Restraints on the Market
4. Video Equipment Market Segmentation
4.1. Global Video Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Video Equipment Market, Segmentation by End Use industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Video Equipment Market Regional and Country Analysis
5.1. Global Video Equipment Market, Split by Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Video Equipment Market, Split by Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Atlantic Technology
- Bose Corporation
- Bowers & Wilkins
- Definitive Technology
- GoldenEar Technology
- Koninklijke Philips N.V
- LG Electronics Inc
- Monitor Audio
- Panasonic Corporation
- Samsung Electronics
- Sony Corporation
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