NEW
YORK, Jan. 3, 2025 /PRNewswire/ -- Report with
the AI impact on market trends - The global pro AV market size
is estimated to grow by USD 180.6
million from 2025-2029, according to Technavio. The market
is estimated to grow at a CAGR of 10.4% during the forecast period.
Increased use of digital signage is driving market
growth, with a trend towards training for pro av
equipment. However, increased emphasis on one-on-one learning
poses a challenge. Key market players include Applied Electronics
Ltd., Arista Networks Inc., Audinate Group Ltd., AVI SPL LLC, AVI
Systems, CCS Presentation Systems, Diversified, Ford Audio Video
LLC, Godrej and Boyce Manufacturing Co. Ltd., ITOCHU Corp., LG
Corp., New Era Technology, Pro AV Solutions Pty Ltd., Samsung
Electronics Co. Ltd., Semtech Corp., Solutionz Inc., Synergy
Measurement Technologies Pvt. Ltd., Vistacom Inc., and WESCO
International Inc..
Key insights into market evolution with
AI-powered analysis. Explore trends, segmentation, and growth
drivers- View Free Sample PDF
Pro AV Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2024
|
Historic
period
|
2019 - 2023
|
Forecast
period
|
2025-2029
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
10.4%
|
Market growth
2025-2029
|
USD 180.6
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
8.6
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 52%
|
Key
countries
|
US, China, UK, Canada,
Japan, India, South Korea, Germany, France, and Italy
|
Key companies
profiled
|
Applied Electronics
Ltd., Arista Networks Inc., Audinate Group Ltd., AVI SPL LLC, AVI
Systems, CCS Presentation Systems, Diversified, Ford Audio Video
LLC, Godrej and Boyce Manufacturing Co. Ltd., ITOCHU Corp., LG
Corp., New Era Technology, Pro AV Solutions Pty Ltd., Samsung
Electronics Co. Ltd., Semtech Corp., Solutionz Inc., Synergy
Measurement Technologies Pvt. Ltd., Vistacom Inc., and WESCO
International Inc.
|
Market Driver
Pro Av Market: Trends Shaping the Future of Audio-Visual
Technologies The Pro Av market is experiencing significant growth,
driven by trends that prioritize immersive experiences for
audiences in various sectors. Professional-grade equipment,
including projectors, sound systems, video conferencing solutions,
control systems, and interactive displays, are increasingly being
adopted for conferences, concerts, corporate events, and even
retail stores. AR applications, VR simulations, and UCC Solutions
are revolutionizing customer engagement and employee training. The
education sector is embracing classrooms, remote learning, and
simulation training. Small businesses and global enterprises alike
are investing in Pro Av solutions to enhance security, networked
devices, and real-time dashboards. The corporate, entertainment,
and government sectors are leveraging 4K and 8K video
technologies, audio systems, and wireless technology for their
venues and events. AI integration, IoT sensors, and display
technologies like OLED and LED video walls are transforming public
spaces, transportation hubs, and office spaces. Remote working,
e-learning practices, and hybrid workspaces are driving demand for
high-definition audio-visual technologies. Direct sales,
distributors, and e-commerce platforms cater to home use and
commercial applications. The Pro Av market encompasses Professional
Video, Professional Audio, Video Displays, Capture and Production,
Video Projection, Microphones, Pro Speakers, Sound Mixers, Signal
Processors, Power Amplifiers, and more. Security risks, such as
data breaches, malware, and unauthorized access, necessitate AV
systems design by integration firms and program management. The
market serves various industries, including education, government,
hospitality, consulting, and B2B/B2C sectors.
Pro AV equipment vendors, including Seiko Epson, provide training programs for users
to enhance their expertise in the latest AV technology. Epson's Pro
AV Academy is an example, catering to engineers, operators, and
sales personnel. This initiative aims to equip AV professionals
with comprehensive knowledge of Epson's AV solutions and their
application across various sectors such as events and retail,
education, and business. The academy offers training in arranging,
maintaining, operating, and marketing these technologies within the
pro AV rental sector.
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Market Challenges
- Pro Av Market: Overcoming Challenges in Audiences,
Experiences, and Technology The Pro Av market faces various
challenges in delivering engaging experiences with
professional-grade equipment for diverse sectors. These sectors
include conferences, concerts, corporate events, education,
telemedicine, retail stores, and more. Immersive experiences
require advanced AV solutions like projectors, sound systems, video
conferencing solutions, control systems, and interactive displays.
Integrating AR applications, VR simulations, UCC Solutions, IoT
sensors, AI, and 4K/8K video technologies pose complexities. Small
businesses face security risks from networked devices, data
breaches, malware, and unauthorized access. AV systems design,
integration, and program management require expertise. Real-time
dashboards, wireless technology, and IoT integration add to the
complexity. The corporate, entertainment, government, and education
sectors demand high-definition video and audio technologies,
interactive whiteboards, high-definition projectors, and direct
sales or distribution channels. Home use, commercial, and B2B/B2C
markets also require tailored solutions. Professional Video,
Professional Audio, Video Displays, Capture and Production, Video
Projection, Microphones, Pro Speakers, Sound Mixers, Signal
Processors, Power Amplifiers, and Corp Venues and Events all
contribute to the Pro Av market's growth. Challenges include supply
chain management, social media, online streaming platforms, digital
marketing, and hybrid workspaces. In conclusion, the Pro Av market
must address these challenges to provide experiences,
professional-grade equipment, and customized solutions for various
sectors while ensuring security and integration of advanced
technologies like AI, IoT, and 4K/8K video
technologies.
- The shift towards one-on-one learning and homeschooling
will affect the demand for document cameras in the education
sector. One-on-one learning is a teaching technique that provides
individual attention to students, enabling them to learn
effectively at their own pace. With the increasing use of laptops
and tablets for this methodology, the need for document cameras may
decrease. This trend is expected to continue during the forecast
period, potentially reducing the market size for document cameras
in education.
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Segment Overview
This pro av market report extensively covers market segmentation
by
- Type
- 1.1 Products
- 1.2 Services
- Industry Application
- 2.1 Entertainment
- 2.2 Hospitality
- 2.3 Retail
- 2.4 Corporate
- 2.5 Transportation
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Products- The Pro AV market is driven by the
growth of the display sector, specifically digital signage. Digital
signage utilizes wide, bright digital screens, such as LCD or
plasma displays, for delivering videos, web content, images, and
texts in various public and private environments. This technology
is popular in retail, corporate settings, medical facilities,
schools, libraries, transportation hubs, and the hospitality
industry for information-sharing, advertising, and marketing
purposes. Display control is primarily managed by PCs and servers
using proprietary and public-domain software. The display sector
continues to dominate the Pro AV market due to its advantages,
including frequent updates, effective communication, power
efficiency, and eco-friendliness. The global Pro AV market by
projectors is also expected to grow, driven by their increasing use
in education, corporate, hospitality, healthcare, and government
sectors for video displays and presentations. Sound reinforcement
systems, which enhance the loudness of pre-recorded or live music,
will witness growth due to the rising number of live events and
concerts. However, the conferencing segment may experience slow
growth due to the shift towards software-driven, cost-effective
solutions and the increasing popularity of virtual conferences. The
"Others" segment, including room management, control systems, and
IP distribution, is expected to decline due to the growing demand
for displays and sound reinforcement systems.
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Research Analysis
The Pro Av market caters to the education industry, providing
audiences with experiences through professional-grade equipment.
This includes projectors delivering crystal-clear 4K and 8K video
technologies, and sound systems with audio systems and wireless
technology for larger venues like concert halls and corporate
events. Video conferencing solutions enable seamless communication,
while capture and production equipment allows for high-quality
content creation. Professional Video and Professional Audio
equipment are essential for various sectors, including government
and public spaces, where large-scale video displays and powerful
sound systems create impact. E-learning practices also benefit from
these technologies, enhancing the learning experience. IoT
integration and signal processors ensure efficient and effective
use of equipment, while power amplifiers and microphones deliver
clear, powerful sound. Pro Speakers and sound mixers provide
customizable audio experiences for various applications. The market
continues to evolve, with innovations in video projection, capture
and production, and audio systems driving growth.
Market Research Overview
The Pro Av Market encompasses a wide range of audio-visual (AV)
technologies designed for audiences seeking experiences. These
solutions include professional-grade equipment such as projectors,
sound systems, video conferencing solutions, control systems, and
more. The market caters to various sectors, including corporate
events, concerts, education, retail stores, and government offices.
Technologies like AR applications, VR simulations, UCC Solutions,
and IoT sensors are increasingly popular. AI integration is also a
key trend, enhancing customer engagement, employee training, and
security. AV systems design is crucial, with integration firms
providing program management and real-time dashboard solutions. The
market serves diverse industries, including the corporate,
entertainment, and government sectors, as well as public spaces,
remote working environments, and educational institutions.
Technologies like 4K and 8K video, audio systems, and wireless technology
are driving innovation. Key applications include video displays,
capture and production, video projection, microphones, pro
speakers, sound mixers, signal processors, and power amplifiers.
The market caters to various sectors, including B2B and B2C,
offline and online, and commercial and home use. Security risks,
such as data breaches, malware, and unauthorized access, are
significant concerns, necessitating security measures. The market
also offers solutions for small businesses and e-learning
practices. AV technologies continue to evolve, with advancements in
display technologies, such as OLED displays and LED video walls,
and audio technologies, like sound systems and high-definition
audio processing. Interactive whiteboards and high-definition
projectors are also popular. The market serves various industries,
including transportation, hospitality, consulting, e-commerce, and
more. Social media and online streaming platforms are increasingly
utilizing AV technologies for digital marketing and hybrid
workspaces. The market also caters to exhibits, collaborative
classrooms, retail spaces, transportation hubs, office spaces, and
OEM and electronics stores. Global enterprises, live performances,
commercial real estate, music markets, supply chain management, and
government offices are among the key sectors benefiting from AV
technologies. The market continues to innovate, with advancements
in AI integration and IoT integration driving growth.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Industry Application
-
- Entertainment
- Hospitality
- Retail
- Corporate
- Transportation
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio