Latest News- Pro AV Market: Products is expected to lead the Type segment during 2025-2029
The Pro AV Market is being driven by Increased use of digital signage
The Pro AV Market is expected to grow at a CAGR of 10.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 180.6 million. The pro AV market witnesses an increasing trend towards vendor-led training programs for users of advanced audiovisual equipment. Seiko Epson, a leading player in this sector, offers the Epson Pro AV Academy, a comprehensive training initiative. Designed for engineers, operators, sales personnel, and service engineers, this program equips professionals with in-depth knowledge of Epson's latest AV technology. Participants gain expertise in arranging, maintaining, operating, and marketing these solutions across various industries, including events and retail, education, and business sectors. This initiative not only enhances the proficiency of AV professionals but also strengthens their ability to effectively promote and service Epson's extensive range of AV solutions.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Products, Services) Industry Application (Entertainment, Hospitality, Retail, Corporate, Transportation) Geography (APAC, North America, Europe, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Pro AV Market Research Report
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The Pro AV market caters to various industries, with a significant focus on education. It offers audiences immersive experiences through professional-grade equipment for conferences, concerts, and corporate events. Projectors, sound systems, video conferencing solutions, professional video, and professional audio equipment are key offerings. The government sector and public spaces also utilize Video Displays, Capture and Production, Video Projection, Microphones, Pro Speakers, Sound Mixers, Signal Processors, and Power Amplifiers. The integration of 4K and 8K video technologies, immersive audio systems, wireless technology, and IoT further enhances the market's appeal. E-learning practices also benefit from these advancements in the Pro AV industry.
The Pro AV market, a segment of the larger electronic equipment and instruments market, is experiencing significant growth due to increasing demand for immersive experiences at conferences, concerts, corporate events, and retail stores. This growth is driven by the adoption of professional-grade equipment such as projectors, sound systems, video conferencing solutions, control systems, interactive displays, and AR applications. Technavio forecasts that this trend will continue, fueled by the digital transformation and technological advancements in industries including IT, automotive, consumer electronics, industrial, energy, and healthcare. The market size is calculated based on revenue generated from sales of these Pro AV solutions and components.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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