The Business Research Company’s latest report Audio And Video Equipment Global Market Report 2020 covers Audio And Video Equipment market drivers, Audio And Video Equipment market trends, Audio And Video Equipment market segments, Audio And Video Equipment market growth rate, Audio And Video Equipment market major players, and Audio And Video Equipment market size. The report provides in-depth analysis of the impact of COVID-19 on the Audio And Video Equipment industry, along with revised market numbers due to the effects of the coronavirus.
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Audio And Video Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global audio and video equipment market is expected to decline from $153.9 billion in 2019 to $141.6 billion in 2020 at a compound annual growth rate (CAGR) of -8.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 1% from 2021 and reach $143.6 billion in 2023.
The report covers the Audio And Video Equipment market’s segments-
1) By Type: Audio Equipment, Video Equipment.
2) By End-Use: B2B, B2C.
3) By Sales Channel: OEM, Aftermarket.
4) By Mode: Online, Offline.
Subsegments Covered: Loudspeakers And Sound Bars, Microphones, Amplifiers And Mixers, Music Players And Other Audio Devices, Televisions, Video Players, Video Cameras.
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