Global Video Equipment Forecast Market, 2021-2026F, 2031F, $ BillionĦ.1. Global Video Equipment Historic Market, 2016-2021, $ Billionĥ.2. Video Equipment Market Size And Growthĥ.1. Video Equipment Market Trends And Strategiesĥ. The global video equipment market is segmented -ġ) By Product Type: Television, Video Cameras, Video PlayersĢ. The countries covered in the video equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The regions covered in the video equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. North America was the second-largest region in the video equipment market. Major players in the video equipment market are Bose Corporation, LG Electronics Inc, Panasonic Corporation, Sony Corporation, Samsung Electronics, Bowers & Wilkins, Atlantic Technology, Definitive Technology, GoldenEar Technology, and Pioneer.Īsia Pacific was the largest region in the video equipment market in 2021.
Altia Systems, a venture-backed company based in Cupertino. Through this acquisition GN Group is aiming to improve the quality of audio and video communications over digital networks. In February 2019, GN Group, a Danish based Electrical & Electronic Manufacturing company acquired Altia Systems for $125 million. For instance, in 2019, worldwide sales of 4K ultra-high-definition televisions reached 100 million units, thus, indicating high demand for ultra-HD 4k and 8k televisions. The transition from traditional CRT and LCD TVs to ultra-HD TVs has been fast owing to brisk pace in technological advances. 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 3840x2160 pixels. The demand for Ultra HD televisions is increasing rapidly, as they are energy efficient and offer high quality images. Changes in consumer preferences restricted the demand for video equipment.
Eztalks roku tv#
As a whole, 18-34-year-olds spent viewing traditional TV (live and time-shifted) in Q1 2020 fell by around 15.3% from 2019. Television viewership continued to decline, especially among the millennial. With increasing smartphone and internet penetration and advances in social media and digital technologies, consumers shifted from traditional television to new forms of entertainment such as online video streaming services on mobile phones. The changes in consumer lifestyles and preferences had a significant impact on the video equipment market. Increased earnings greatly increased disposable incomes in the emerging markets, increasing the demand for consumer electronics products such as televisions and home theatre systems.
According to the World bank, the per capita net disposal income of lower middle-income countries was in between $1,036 and $4,045 and per capita net disposal income of upper middle-income countries was in between $4,046 and $12,535 in 2021. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India and Brazil.
Eztalks roku driver#
The rise in disposable incomes was a major driver for the video equipment market. The video equipment market is expected to reach $154.06 billion in 2026 at a CAGR of 5.5%. The growth in the video equipment market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global video equipment market size is expected to grow from $116.68 billion in 2021 to $124.40 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%.
Eztalks roku Offline#
The products are used for offline and online applications that are used by B2B and B2C end use industries. Television is a system for transmitting images and sound via electrical signals over long distances so that people can receive them at home. The main product types of video equipment are television, video cameras and video players.
Video equipment include televisions, video cameras, Blue-ray players, and video cassette recorders. The video equipment market consists of sales of video equipment and related services that are used in various applications such as residential and commercial purposes.
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