Audio And Video Equipment Market
Electrical And Electronics Manufacturing

Growing Adoption Of Wireless Audio Equipment And High Demand For Ultra HD Televisions In The Audio And Video Equipment Market

The demand for wireless audio equipment market is increasing rapidly due to increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using their mobile devices, tablets and laptops to wirelessly play audio on speakers, which is driving the growth of Wi-Fi and Bluetooth connected speakers.  To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS and Qualcomm are also launching wireless audio products or platforms. Some of the popular Wi-Fi audio equipment include Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers.

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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 UHD’s 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 TV’s to ultra HD TV’s has been fast owing to brisk pace in technological advances. For instance, ultra HD(4K resolution) shipments is expected to grew from 1.5 million units in 2013 to 68.2 million units in 2017 with a CAGR of 160%,  thus indicating high demand for ultra HD 4k and 8k televisions.

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The audio and video equipment manufacturing market includes establishments producing electronic audio and video equipment for home entertainment, musical instrument amplification, motor vehicles, and public address and musical instrument amplification. Audio and video equipment include amplifiers, car stereos, DVD/Blue-ray players, home stereo systems, loudspeaker market, wireless speaker market, sound bars market, Bluetooth audio market, microphones, headphones, televisions, speaker systems, video cassette recorders and video cameras in the global television market.

The electrical and electronics manufacturing market, of which audio and video equipment manufacturing market is a segment, consists of sales of products that generate, distribute and use electrical power products by entities (organizations, sole traders and partnerships) that produce products that generate, distribute and use electrical power, or electronic products such as audio, video and semi-conductors. This market does not include computers, computer peripherals and telecommunications equipment.

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The audio and video equipment manufacturing market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast growth by geography. It places the market within the context of the wider electrical and electronics manufacturing market, and compares it with other markets.

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