The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rise in disposable incomes are expected to drive innovation in video equipment manufacturing, thus driving the market during the forecast period.

The global video equipment market is expected to grow from $119.66 billion in 2022 to $123.08 billion in 2023 at a compound annual growth rate (CAGR) of 2.9%. The global video equipment market size is expected to grow to $137.27 billion in 2027 at a CAGR of 2.8%.

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Global Video Equipment Market Segments Include:

• By Product Type: Television, Video Cameras, Video Players
• By End Use Industry: B2B, B2C
• By Application: Online, Offline
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global video equipment market in 2021.

Major Market Players in the video equipment market include Bose Corporation, LG Electronics Inc., Panasonic Corporation, Sony Corporation, Samsung Electronics, Bowers & Wilkins, Atlantic Technology.

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 Global Market Report 2023  provides a video equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The video equipment market forecast analyzes video equipment market size, video equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Video equipment is defined as an electronic device that can broadcast or receive electromagnetic waves to represent both sound and image.

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