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.
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The audio and video equipment manufacturing market is valued at $305 billion in 2017
The market in the report is segmented into: audio equipment and video equipment. Audio equipment segment was the largest segment in the market, followed by video equipment.
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China was the largest country in the audio and video equipment manufacturing market in 2017, accounting for almost two-fifth of the market share, followed by USA and India as the next largest countries in the market.
The top five competitors in the market made up one-fourth of the total market share in 2016. Samsung was the largest competitor followed by Sony, LG Electronics, Panasonic, and Bose Corporation. Samsung is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It comprises numerous affiliated businesses, most of them united under the Samsung brand. Samsung has increasingly globalised its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income.
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