Pro AV market size to grow by USD 113.26 billion from 2022 to 2027; APAC to account for 41% market growth - Technavio

NEW YORK, April 7, 2023 /PRNewswire/ -- The global pro AV market size is estimated to grow by USD 113.26 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 7.92%, however, the growth momentum will be progressing during the forecast period. APAC will account for 41% of the market growth during the forecast period. Governments in APAC have undertaken various initiatives to bridge the gap between the quality of education in rural and urban areas. This is increasing the adoption of technologically advanced tools in the education sector. In addition, the rising use of advanced tools in the corporate sector will drive the growth of the pro AV market in APAC. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Global Pro AV Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on type (products and services) and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The market growth in the products segment will be significant during the forecast period. The growth of the segment is primarily driven by the increasing use of projectors across sectors such as education, corporate, hospitality, healthcare, and government. Also, the shift in consumer preferences from large, expensive hardware-based equipment to flexible and affordable software-driven solutions will drive the growth of the segment.

Insights on the market contribution of various segments, including country- and region-wise data, historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Global Pro AV Market – Market Dynamics

Key factor driving growth

The market is driven by the increased use of digital signage. Corporations and businesses use digital signage to advertise products or services offered by them. The adoption of digital signage is increasing, especially in the retail sector to influence the buying behavior of the target audience. Companies operating in the retail business promote brand names and related products and services at shopping points with attractive displays. Some end-users across sectors such as retail, corporate, transportation, hotels, and sports are adopting interactive digital signages with touchscreen features. Thus, the extensive use of digital signage will drive the growth of the market during the forecast period.

Leading trends influencing growth

Training on the use of pro AV equipment is identified as the key trend in the market. Many vendors in the market are training users regarding the use of their products. For instance, Seiko Epson Corp. helps engineers, operators, and sales personnel develop expertise in Epson's latest AV technology. The training program is designed to help AV professionals acquire detailed knowledge of Epson's complete range of AV solutions and experience in the arrangement, maintenance, operation, and marketing of these technologies across the pro AV rental sector. Training will be delivered by Epson-approved instructors at academies run by Europe's leading AV-hired companies. This trend is expected to gain traction during the forecast period, which is expected to positively influence the growth of the market.

Major challenges hindering growth

The increased emphasis on one-on-one learning is identified as the major challenge in the market. Many educational institutions worldwide are offering one-on-one learning to provide undivided and constant attention to students. It helps students improve their skills by acquiring high-quality content by interacting effectively. It also helps in addressing students' strengths and weaknesses effectively. The popularity of this learning model is growing rapidly, with global initiatives such as Microsoft's Anytime Anywhere learning program and One Laptop per Child program. Thus, the rising popularity of one-on-one learning programs will challenge the growth of the global pro AV market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this pro AV market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the pro AV market between 2023 and 2027
• Precise estimation of the size of the pro AV market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the pro AV market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of pro AV market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Industry Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global pro AV market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global pro AV market 2017 - 2021 ($ billion)

• 4.2 By type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – By type Segment 2017 - 2021 ($ billion)

• 4.3 By industry Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – By industry Segment 2017 - 2021 ($ billion)

• 4.4 By geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – By geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Products - Market size and forecast 2022-2027
• Exhibit 34: Chart on Products - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Products - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Products - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Products - Year-over-year growth 2022-2027 (%)

• 6.4 Services - Market size and forecast 2022-2027
• Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)

7 Market Segmentation by Industry Application

• 7.1 Market segments 
• Exhibit 43: Chart on Industry Application - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Industry Application - Market share 2022-2027 (%)

• 7.2 Comparison by Industry Application 
• Exhibit 45: Chart on Comparison by Industry Application
• Exhibit 46: Data Table on Comparison by Industry Application

• 7.3 Entertainment - Market size and forecast 2022-2027
• Exhibit 47: Chart on Entertainment - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Entertainment - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Entertainment - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Entertainment - Year-over-year growth 2022-2027 (%)

• 7.4 Hospitality - Market size and forecast 2022-2027
• Exhibit 51: Chart on Hospitality - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Hospitality - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Hospitality - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Hospitality - Year-over-year growth 2022-2027 (%)

• 7.5 Retail - Market size and forecast 2022-2027
• Exhibit 55: Chart on Retail - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Retail - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Retail - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Retail - Year-over-year growth 2022-2027 (%)

• 7.6 Corporate - Market size and forecast 2022-2027
• Exhibit 59: Chart on Corporate - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Corporate - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Corporate - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Corporate - Year-over-year growth 2022-2027 (%)

• 7.7 Transportation - Market size and forecast 2022-2027
• Exhibit 63: Chart on Transportation - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Transportation - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Transportation - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Industry Application
• Exhibit 67: Market opportunity by Industry Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 109: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Anixter International Inc. 
• Exhibit 120: Anixter International Inc. - Overview
• Exhibit 121: Anixter International Inc. - Business segments
• Exhibit 122: Anixter International Inc. - Key offerings
• Exhibit 123: Anixter International Inc. - Segment focus

• 12.4 Arista Networks Inc. 
• Exhibit 124: Arista Networks Inc. - Overview
• Exhibit 125: Arista Networks Inc. - Product / Service
• Exhibit 126: Arista Networks Inc. - Key offerings

• 12.5 Audinate Group Ltd. 
• Exhibit 127: Audinate Group Ltd. - Overview
• Exhibit 128: Audinate Group Ltd. - Product / Service
• Exhibit 129: Audinate Group Ltd. - Key offerings

• 12.6 AVI SPL LLC 
• Exhibit 130: AVI SPL LLC - Overview
• Exhibit 131: AVI SPL LLC - Product / Service
• Exhibit 132: AVI SPL LLC - Key offerings

• 12.7 AVI Systems 
• Exhibit 133: AVI Systems - Overview
• Exhibit 134: AVI Systems - Product / Service
• Exhibit 135: AVI Systems - Key offerings

• 12.8 CCS Presentation Systems 
• Exhibit 136: CCS Presentation Systems - Overview
• Exhibit 137: CCS Presentation Systems - Product / Service
• Exhibit 138: CCS Presentation Systems - Key offerings

• 12.9 Diversified 
• Exhibit 139: Diversified - Overview
• Exhibit 140: Diversified - Product / Service
• Exhibit 141: Diversified - Key offerings

• 12.10 Ford Audio-Video LLC 
• Exhibit 142: Ford Audio-Video LLC - Overview
• Exhibit 143: Ford Audio-Video LLC - Product / Service
• Exhibit 144: Ford Audio-Video LLC - Key offerings

• 12.11 Godrej Interio 
• Exhibit 145: Godrej Interio - Overview
• Exhibit 146: Godrej Interio - Product / Service
• Exhibit 147: Godrej Interio - Key offerings

• 12.12 New Era Technology 
• Exhibit 148: New Era Technology - Overview
• Exhibit 149: New Era Technology - Product / Service
• Exhibit 150: New Era Technology - Key offerings

• 12.13 Pro AV Solutions Pty Ltd 
• Exhibit 151: Pro AV Solutions Pty Ltd - Overview
• Exhibit 152: Pro AV Solutions Pty Ltd - Product / Service
• Exhibit 153: Pro AV Solutions Pty Ltd - Key offerings

• 12.14 proAV Ltd. 
• Exhibit 154: proAV Ltd. - Overview
• Exhibit 155: proAV Ltd. - Product / Service
• Exhibit 156: proAV Ltd. - Key offerings

• 12.15 Seiko Epson 
• Exhibit 157: Seiko Epson - Overview
• Exhibit 158: Seiko Epson - Product / Service
• Exhibit 159: Seiko Epson - Key offerings

• 12.16 Semtech Corp. 
• Exhibit 160: Semtech Corp. - Overview
• Exhibit 161: Semtech Corp. - Business segments
• Exhibit 162: Semtech Corp. - Key news
• Exhibit 163: Semtech Corp. - Key offerings
• Exhibit 164: Semtech Corp. - Segment focus

• 12.17 Vistacom Inc. 
• Exhibit 165: Vistacom Inc. - Overview
• Exhibit 166: Vistacom Inc. - Product / Service
• Exhibit 167: Vistacom Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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