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Pro AV Market Size to Grow by USD 90.51 billion | Increased Use of Digital Signage to Drive Growth | Technavio

NEW YORK, June 8, 2022 /PRNewswire/ -- Pro AV refers to audio-video products and services that are used for various applications. Some of the applications include collaborative conferencing, including video, audio, web, and data conferencing, digital signage, command and control centers, tradeshow exhibitions, presentations, medical communications, virtual events, and corporate events.

Technavio has announced its latest market research report titled Pro AV Market by Type and Geography - Forecast and Analysis 2021-2025

The Pro AV market size is expected to grow by USD 90.51 bn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 7.31% during the forecast period. 

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Pro AV Market 2021-2025: Scope

The Pro AV market report covers the following areas:

  • Pro AV Market Size
  • Pro AV Market Trends
  • Pro AV Market Industry Analysis

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Pro AV Market 2021-2025: Driver and Challenge

The increased use of digital signage is driving the growth of the Pro AV market. Signages are used by corporates and businesses to display content to be conveyed to the target audiences. The retail industry is witnessing an intensive adoption of digital signage systems to influence the buying behavior of the target audience.  Interactive digital signage or touchscreen signage displays have various 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. This, in turn, will drive market growth.

The increased emphasis on one-on-one learning will challenge the Pro AV market during the forecast period. One-on-one learning enables students to learn at their own pace. This technique is used by many educational institutes across the world. One-on-one programs are expanding rapidly. Microsoft's Anytime Anywhere learning program and One Laptop per Child program are some examples of one-on-one learning programs. The rising popularity of one-on-one learning programs, along with the increase in popularity of homeschooling, will have a negative impact on the growth of the global pro AV market.

Pro AV Market 2021-2025: Vendor Analysis

The Pro AV market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. 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. are among some of the major market participants.

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Pro AV Market 2021-2025: Segmentation

  • Type
    • Products
    • Services
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

Pro AV Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist Pro AV market growth during the next five years
  • Estimation of the Pro AV market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the Pro AV market
  • 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

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Pro AV Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.31%

Market growth 2021-2025

USD 90.51 billion

Market structure

Fragmented

YoY growth (%)

6.57

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 41%

Key consumer countries

US, China, UK, Japan, Canada, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Products - Market size and forecast 2020-2025
  • Services - Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

 

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

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