The Business Research Company’s Video Equipment Global Market Report 2021: COVID-19 Impact And Recovery To 2030
LONDON, GREATER LONDON, UK, August 3, 2021 /EINPresswire.com/ — The changes in consumer lifestyles and preferences had a significant impact on the video equipment market. 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. Television viewership continued to decline, especially among millennials. The demand for Ultra HD televisions is increasing rapidly, as they are energy efficient and offer high quality images. The transition from traditional CRT and LCD TVs to ultra-HD TVs has been fast owing to brisk pace in technological advances.
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. Video equipment includes televisions, video cameras, Blue-Ray players, and video cassette recorders.
TBRC’s video equipment market report is segmented by product type into television, video cameras, and video players, by end use industry into B2B and B2C, and by application into online and offline.
Read More On The Global Video Equipment Market Report:
The global video equipment market size is expected to grow from $90.61 billion in 2020 to $109.8 billion in 2021 at a compound annual growth rate (CAGR) of 21.2%. The growth 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 market is expected to reach $125.37 billion in 2025 at a CAGR of 3%. The rise in disposable incomes was a major driver for the video equipment market.
The major players covered in the video equipment manufacturing market are Bose Corporation, LG Electronics Inc, Panasonic Corporation, Sony Corporation, Samsung Electronics, Bowers & Wilkins, Atlantic Technology, Definitive Technology, GoldenEar Technology, Pioneer, Toshiba, Koninklijke Philips N.V, D&M, Philips, Monitor Audio, Sharp, Sonos, Harman, Samsung, Hisense, Tcl, Skyworth, Vizio, Fujitsu, Sansui, Haier, Hitachi, Lloyd, Micromax, Mi, Onida.
Video Equipment Global Market Report 2021 – By Product Type (Television, Video Cameras, Video Players), By End Use Industry (B2B, B2C), By Application (Online, Offline), COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provides video equipment market overview, forecast video equipment market size and growth for the whole market, video equipment market segments, and geographies, video equipment market trends, video equipment market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
Request For A Sample Of The Global Video Equipment Market Report:
Here Is A List Of Similar Reports By The Business Research Company:
Audio And Video Equipment Market – By Type Of Product (Video Equipment And Audio Equipment), Trends, Market Size, Market Share, And By Region, Opportunities And Strategies – Global Forecast To 2022
Video Surveillance As A Service (VSaaS) Global Market Report 2021: COVID-19 Implications And Growth
Video Game Software Market – By Type (Browser Games, PC Games, Smart Phone/Tablet Games, Console Games), By Genre (Action, Shooter, Adventure, Role Playing, Strategy, Fighting, Sports, Racing, Others), By Type Of Transaction (Physical, Online/ Microtransaction, Digital), And By Region, Opportunities And Strategies – Global Video Game Software Market Forecast To 2030
Interested to know more about The Business Research Company?
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.
Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Source: EIN Presswire