"Smart Strategies, Giving Speed to your Growth Trajectory"

Pro AV Market Size, Share, and Industry Analysis, By Type (Products and Services), By Application (Entertainment, Hospitality, Retail, Corporate, Transportation, and Others), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI109326 | Status : Ongoing

 

KEY MARKET INSIGHTS

Pro AV (professional audio-visual) refers to professional grade audio visual systems. These systems are designed to deliver high-end features and cutting-edge technology to enterprises, enabling customers to achieve video, audio, and communications outcomes that are better than normal customer-grade equipment. The complexity of Pro AV systems makes them appropriate for professional use in numerous industries, including education, corporate communications, entertainment, retail, medical, and government. Additionally, these systems provide blended technology solutions, which syndicate different solutions into one, including streaming, audio and video recording, digital signage, interactive displays, and more. There is no boundary to the applications of Pro AV systems, as their competencies are continually proceeding. For instance,



  • As per industry experts, about 35% of Americans over the age of 18 own at least one smart speaker. The percentage of mature Americans spending on a voice assistant is approximately double that of smart speaker ownership, attaining 62% when TVs, smartphones, cars, and CPUs with voice assistants are included.


Moreover, the market is perceiving a fast integration of the Internet of Things (IoT). With the growing permeation of the internet, gadgets are getting more digitized. IoT is being connected to modernize manufacturing processes, enhance supply chain management (SCM), and provide personalized consumer experiences. Businesses are spending on IoT to provide proactive services and contribute to the market expansion. For instance,


  • In June 2020, WESCO International Inc. announced its acquisition of Anixter International. The merger within the firms creates the premier electrical, communications and utility distribution and supply chain solutions globally.


Impact of Generative AI on the Pro AV Market


Generative AI (artificial intelligence) is transforming the Pro AV market by enabling advanced content creation, personalized experiences, and streamlined production processes. It is enhancing content generation for digital signage, live events, and interactive installations, offering more dynamic and engaging experiences for audiences. Furthermore, AI-powered tools are automating tasks such as video editing, content curation, and real-time translation, allowing Pro AV professionals to work more efficiently and creatively. Overall, generative AI is revolutionizing how content is created, delivered, and experienced in the pro AV market. Therefore, these factors boost the market growth. For instance,


  • Pexip, a producer of UCC Solutions, is using AI technology to make planning, joining, and conducting a meeting easier so consumers can focus on the meeting itself, allowing the individuals to save time by allowing them to effortlessly join a meeting from the right device at the right team.


Key Insights


The report covers the following key insights:


  • Micro Macro Economic Indicators

  • Drivers, Restraints, Trends, and Opportunities

  • Business Strategies Adopted by Key Players

  • Impact of Generative AI on the Global Pro AV Market

  • Consolidated SWOT Analysis of Key Players


Segmentation


By Type


The products segment dominated the market, with the highest market share. The comprehensive variety of products offered in the market, giving customers the flexibility to select the best-suited products that meet their requirements and needs, contributes to the segmental dominance. The improved research and development spending also expands the segment growth. Incorporating AR, AI, and IoT will also offer better opportunities for industry players.















By Type


By Application


By Region



  • Products

  • Services




  • Entertainment

  • Hospitality

  • Retail

  • Corporate

  • Transportation

  • Others (Government)




  • North America (U.S., Canada, and Mexico)

  • South America (Brazil, Argentina, and the Rest of South America)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and the Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and the Rest of the Middle East & Africa)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and the Rest of Asia Pacific)



Regional Analysis

The global pro AV market is distributed into five regions: North America, South America, Europe, the Middle East & Africa, and Asia Pacific. As of 2023, Asia Pacific accounts for the highest market share across the global market. The growing adoption of smart technologies in the education sector and the rising popularity of e-learning platforms will contribute to the regional growth. The increasing popularity of homes, smart offices, and other commercial spaces will also bode well for the market. The digitization and automation of the Indian economy will offer numerous growth opportunities to market players in the Asia Pacific region. Thus, the rising innovation will also push the market growth. For instance,


  • In January 2022, Microsoft Corporation announced its acquisition of Activision Blizzard Inc. The acquisition within the firm quickens the growth in Microsoft’s gaming industry through PC, mobile, cloud and console and will deliver building blocks for the metaverse.


As per the industry experts, the Indian online education industry recorded an expansion of about six times as of August 2022. Estimates pointed out that the eLearning platforms globally would exceed USD 243 billion by 2022. These forecasts state that eLearning is all set to become an overall trend, and sooner, more individuals may opt for it over modern classrooms.

Global Distribution of the Pro AV Market, By Region


  • North America –23%

  • South America – 5%

  • Europe – 26%

  • Middle East and Africa – 11%

  • Asia Pacific –35%


Key Players Covered


The report provides the profiles of key players such as Vistacom Inc., Telerent Leasing Corp., Solutionz Inc., New Era Technology Inc., Microsoft Azure, Ford Audio-Video Systems LLC, CCS Presentations LLC, Biamp Systems Inc., AVI Systems Inc., and Anixter International Inc.

Key Industry Developments



  • In February 2024, CTI announced its acquisition of Vistacom Inc. The acquisition between the companies adds the introduction of Vistacom's proven NOC and Control Room design and integration services to CTI’s portfolio. The portfolio supports customer needs and increases employees' access to openings.

  • In January 2023, OpenAI and Microsoft extended a partnership to advance cutting-edge AI research responsibly and democratize AI as a new technology platform. The partnership offers organizations and developers across industries to have contact with the best AI models, infrastructure, and toolchains through Azure to form and run their applications.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Information & Technology Clients
Samsung
Google
Bain & Company
ey
huawei
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X