The Video Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Video Equipment Global Market Report 2024, The video equipment market size has grown steadily in recent years. It will grow from $128.02 billion in 2023 to $133.09 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to television broadcasting, film and entertainment industry, surveillance and security, video conferencing and communication.
The video equipment market size is expected to see steady growth in the next few years. It will grow to $151.67 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to 5g and high-definition content, augmented and virtual reality, remote work and education, video streaming services, iot and surveillance. Major trends in the forecast period include 8k and high-resolution video, compact and portable solutions, ai and machine learning, live streaming and user-generated content, sustainability and eco-friendly practices.
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 per capita net disposable income of lower-middle-income countries was between $1,036 and $4,045 and the per capita net disposable income of upper-middle-income countries was in between $4,046 and $12,535 in 2021. Increased earnings greatly increased disposable incomes in the emerging markets, increasing the demand for consumer electronics products such as televisions and home theatre systems.
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The video equipment market covered in this report is segmented –
1) By Product Type: Television; Video Cameras; Video Players
2) By Application: Online; Offline
3) By End Use Industry: B2B; B2C
The video equipment market report table of contents includes:
1. Executive Summar
2. Video Equipment Market Characteristics
3. Video Equipment Market Trends And Strategies
4. Video Equipment Market – Macro Economic Scenario
5. Global Video Equipment Market Size and Growth
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26. South America Video Equipment Market
27. Brazil Video Equipment Market
28. Middle East Video Equipment Market
29. Africa Video Equipment Market
30. Video Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Bose Corporation
- LG Electronics Inc
- Panasonic Corporation
- Sony Corporation
- Samsung Electronics Co. Ltd
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