The video equipment market comprises establishments producing electronic video equipment for home entertainment, musical instrument amplification, motor vehicles, and public address systems. Video equipment products include televisions, video cassette recorders, stereo equipment, household-type video cameras, jukeboxes, and amplifiers for musical instruments and public address systems.
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The market was valued at $97 billion in 2017, and it is expected to be driven by gaining popularity among consumers of videography and security surveillance systems. Asia Pacific was the largest geographic region in 2017, accounting for three-fifths of the global market.
The video equipment market in The Business Research Company’s report is split into five segments: televisions, home theatre systems, DVD players, and others.
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China was the largest country in the video equipment market 2017, accounting for near about two-fifths of the global market share.
The top five competitors in the market are Samsung Electronics, LG Electronics, Sony Corporation, Panasonic, and Toshiba Corporation. Samsung Electronics was the largest player in 2017 with revenues of $46.99 billion. It is a South Korean multinational electronics company headquartered in Suwon, South Korea. It is engaged in consumer electronics, semiconductors, and home appliances.
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