Audio And Video Equipment Manufacturing Market
Electrical And Electronics Manufacturing

Use Of Wireless Audio Equipment And LED Video Walls In The Audio And Video Equipment Industry

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, Amazon’s Echo speakers.

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LED video walls are gaining popularity and are being widely installed in commercial establishments such as hotels, restaurants, stadiums stores and other places. LED video walls are made up of modular tiles which fit together in a magnetic or lockable display to enable creation of video walls of various sizes. These video walls are used to display advertisements or are used as monitor screens. According to Futuresource consulting, the NPP (narrow pixel pitch) LED video walls displays market is expected to grow at a CAGR of 34% between 2015 and 2020 and the market is projected to reach $2.2 billion by 2020

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The audio and video equipment industry 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 market, of which the audio and video equipment 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 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 market, and compares it with other markets.

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