Audio-Visual Display Market: by Type (LCD, LED, and Others), by Application (Residential and Commercial), and by Region - Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021-2027)
Audio-visual display market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the audio-visual display industry.
Audio-Visual Display Industry Outlook
The audio-visual display market size reached USD XX billion in 2020, at a CAGR of 12% over the forecast period 2021-2027 and projected to reach USD XX billion by 2027. Audio-visual is electronic media owing both sounds and a visual component such as television programs and films & corporate presentations. The audio-visual display is a necessary device in various applications such as health monitoring equipment and industrial monitoring.
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The audio-visual display market is the backbone of information and communication technology, various industrial & medical equipment, and the latest entertainment devices. The rising number of application fields of audio-visual display owing to enhance its operational value is the major trend in the market during the forecast period.
Factors Affecting Audio-Visual Display Market over the Forecast Period:
The audio-visual display market is anticipated to grow significantly over the forecast period owing to the rise in technology trends across the globe. The demand for the audio-visual display market also increased due to its benefits, such as improved communication in the marketplace, which helps in increasing employee morale and increased productivity. The decreasing prices of raw materials used in manufacturing these devices are one of the major opportunities in the audio-visual display market. Increased internet penetration, rise in disposable income of consumers, technological advances, and busy lifestyle of consumers upsurges the popularity and demand of audio-visual display in the global market in the coming years. However, the low replacement cycles, changes in consumer preferences, and changing regulations in the developed regions will hinder the growth of the audio-visual display market.
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Impact of COVID-19 on Audio-Visual Display Market:
COVID-19 is a global public health disease that has affected almost every industry. The outbreak of COVID-19 increased the demand for audio-visual equipment across several sectors as coronavirus crises took over the world and led to curfews and lockdown, which impacted many businesses worldwide affected the production and demand for this equipment. Therefore, there is a significant surge in demand for audio-visual devices across the globe, which has positively impacted the audio-visual display market value in 2020 and subsequent years.
Scope of the Report
The report outlines the study of the audio-visual display market based on type and application.
Based on the type, the audio-visual display market has been segmented into –
- LCD
- LED
- Others
Based on the application, the audio-visual display market has been segmented into –
- Residential
- Commercial
- Hybrid Platforms
Audio-Visual Display Market: Regional Outlook
The audio-visual display market is segmented into five geographical regions: Asia Pacific, North America, Europe, South America, and the Middle East and Africa. In 2019, Asia Pacific accounted for the largest market share and dominated the audio-visual display market, followed by North America. The Asia Pacific emerged as the largest region, accounting for almost 40% of the global share in the market, and expected to continue its dominance during the forecast period.
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North America and Europe are estimated to dominate the audio-visual display market in terms of the highest CAGR throughout the forecast period.
Key Global Audio-Visual Display Market Competitors Includes –
The global Audio-Visual Display market is highly fragmented, with a large number of small players across the globe. The vital Audio-Visual Display manufacturers operating in the global market are –
- Apple, Samsung
- Sony
- Philips
- Lenovo
- Hitachi
- Panasonic
- LG
- Toshiba
- TCL
- Sharp
- Skyworth
Audio-visual display market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.
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