To counter theft and crime, companies in the video equipment manufacturing industry are manufacturing closed circuit television cameras with motion detection technology. Motion detecting CCTV camera detects any motion of objects in its field of view and raises an alarm in case of an intrusion. These cameras consume less energy as they get activated and begin recording only when there is a movement of object in its field of view. This feature offers effective surveillance of an area at low costs. Major companies manufacturing motion detecting CCTV cameras include Sony, Samsung, Honeywell, Panasonic and others.
THE BUSINESS RESEARCH COMPANY EXPECTS THE GLOBAL AUDIO AND VIDEO EQUIPMENT MANUFACTURING MARKET TO GROW TO $370 BILLION BY 2021
Asia Pacific was the largest region in the audio and video equipment manufacturing market in 2017, accounting for two-third of the market share. This can be attributed due to high demand for televisions and musical instruments from a large consumer base in China and India.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, LED Video Walls in commercial establishments are being widely installed in commercial establishments such as hotels, restaurants, stadiums stores and other places, which are made up of modular tiles that fit together in a magnetic or lockable display to enable creation of video walls of various sizes. According to Future source consulting, LED video walls displays market is projected to reach $2.2 billion by 2020.
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Samsung Electronics was the biggest player in the audio and video equipment manufacturing market in 2017 with revenue of $29.7 billion in 2016. Samsung’s growth strategy aims at producing innovative audio video technologies through research and development and company acquisitions. For example, the company has launched a new Gear VR headset with a wireless controller which is compatible with existing Galaxy S6, S7 and S8 series, and Galaxy Note 5.
The audio and video equipment manufacturing market comprises establishments producing electronic audio and video equipment for home entertainment, musical instrument amplification, motor vehicles, and public address systems. Audio and video equipment products include televisions, speaker systems, video cassette recorders, stereo equipment, household-type video cameras, jukeboxes, and amplifiers for musical instruments and public address systems.
The Audio and Video Equipment Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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