Global Video Equipment Market Analysis 2023 – Market Size And Key Drivers

The Video Equipment Global Market Report 2023 by The Business Research Company, provides video equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

 

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According to The Business Research Company’s Video Equipment Global Market Report 2023, the market size will grow from $119.66 billion in 2022 to $123.08 billion in 2023 at a compound annual growth rate (CAGR) of 2.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global video equipment is expected to grow to $137.27 billion in 2027 at a CAGR of 2.8%.

 

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.

 

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The video equipment market is segmented:

1) By Product Type: Television, Video Cameras, Video Players

 

2) By End Use Industry: B2B, B2C

 

3) By Application: Online, Offline

 

The demand for Ultra HD televisions is increasing rapidly, as they are energy efficient and offer high-quality images. Ultra HD televisions include 4K and 8K UHDs that have an aspect ratio of 16:9 or wider, and also present a minimum resolution of 3840×2160 pixels. The transition from traditional CRT and LCD TVs to ultra-HD TVs has been fast owing to the brisk pace of technological advances. For instance, in June 2020, according to TVB-Europe, an England-based online television service, over half of 18-24-year-old say they spend more time watching video-sharing platforms than broadcast TV. In many developed countries such as US and the UK,,34% of global households had smart TVs by the end of 2020 and sales increased by 7.4% in 2020 and expected to reach majority by 2026. Thus, indicating high demand for ultra-HD 4k and 8k televisions.

 

The video equipment market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

 

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