(Companies: Samsung Electronics Co Ltd., LG Electronics Inc., Sony Corp., Panasonic Corporation and Bose Corporation)
The global audio and video equipment manufacturing market was valued nearly at $7.1 billion in 2017. Asia-Pacific was the largest region in the global audio and video equipment manufacturing market with about 63% of the market. China is the largest country in terms of value in the audio and video equipment manufacturing market.
The audio and video equipment manufacturing market includes establishments producing electronic audio and video equipment for home entertainment, musical instrument amplification, motor vehicles, and public address and musical instrument amplification. Audio and video equipment include amplifiers, car stereos, DVD/Blue-ray players, home stereo systems, loudspeaker market, wireless speaker market, sound bars market, Bluetooth audio market, microphones, headphones, televisions, speaker systems, video cassette recorders and video cameras in the global television market
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Audio And Video Equipment Manufacturing Market Size
The global audio and video equipment manufacturing market is expected to reach around $278 billion, growing at a growth rate of around 6% in the forecast period. This is mainly due to technological advances – the audio and video equipment manufacturing market is expected to be driven by technological advances and innovation in audio and video devices. However, the market for audio and video equipment manufacturing is expected to face restraints from several factors such as high degree of price competition – the audio and video equipment manufacturing market is characterized by intense competition.
Players in the market include Samsung Electronics Co Ltd., LG Electronics Inc., Sony Corp., Panasonic Corporation and Bose Corporation.
Samsung Electronics Co. Ltd was the largest competitor in the audio and video equipment manufacturing market in 2017 with around 12% share of the market. Samsung is a global electronic manufacturing company headquartered in South Korea and has 169 subsidiaries worldwide. The company employs more than 300,000 across 80 countries.
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Potential Opportunities In The Audio And Video Equipment Manufacturing Market
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