Global Pro AV Market to Reach US$ 4.2 Billion by 2032, Bolstered by Expanding Education Sector

October 25, 2022

The latest report by IMARC Group, titled “Pro AV Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” finds that the global pro AV market size reached US$ 2.9 Billion in 2023. Pro audio/visual (AV) is an advanced interaction system for commercial advertising, communicating, interacting, collaborating, sharing, and marketing. It is operated for electronic displays to deliver graphics, videos, web content, and texts in private and public complexes. It consists of lighting, sound devices, digital signages, display components, a camera, controller, room scheduler, video conferencing systems, companion whiteboard recording equipment, and projector systems. These components help enhance the overall communication, coordination, and connectivity between the users. As a result, pro AV is widely adopted across education, healthcare, residential, corporate, hospitality, and retail industries.

Global Pro AV Market Trends:

The market is primarily driven by the expanding education sector. Pro AV is widely utilized as a smart learning system in schools, colleges, universities, and other research institutions to increase creativity and visualization and enhance in-classroom experience. In addition, various technological advancements in audio and visual technology, such as the advent of the internet of things (IoT) and smart buildings, and the increasing adoption of artificial intelligence (AI), represent another major growth-inducing factor. Moreover, the rising popularity of telecommunication applications such as Skype, and smart cloud-computing systems, are positively influencing the market growth. These technologies are adopted for security, conferencing, live events, collaboration, learning, and surveillance. Besides this, pro-AVs are installed in exhibition halls, hotels, shopping centers, and stadiums to attract consumers’ attention and impact their buying decisions. This, coupled with the rising adoption of audio-visual technology by manufacturers to increase customer engagement, is propelling the market growth. Furthermore, the emergence of 360-degree drones, cameras, and virtual reality (VR) systems to offer specialized content is also creating a positive global market outlook. Looking forward, IMARC Group expects the market value to reach US$ 4.2 Billion by 2032, exhibiting a CAGR of 3.8% during the forecast period (2024-2032).

Market Summary:

  • Based on the solution, the market has been divided into products (display, AV acquisition, and delivery products, projectors, sound reinforcement products, conferencing products, and other products) and services (installation, maintenance, IT networking, system designing, and other services).
  • On the basis of the distribution channel, the market has been bifurcated into direct sales and distributors.
  • Based on the application, the market has been classified into home use, commercial, education, government, hospitality, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined in the report, with some of the key players being Anixter International Inc. (Wesco International Inc.), AVI Systems Inc., AVI-SPL Inc., Biamp Systems LLC, CCS Presentation Systems LLC, Ford Audio-Video Systems LLC, New ERA Technology Inc., Professional Audio-Visual Ltd., Solutionz Inc., Telerent Leasing Corp. (ITOCHU International Inc.) and Vistacom Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Solution, Distribution Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Anixter International Inc. (Wesco International Inc.), AVI Systems Inc., AVI-SPL Inc., Biamp Systems LLC, CCS Presentation Systems LLC, Ford Audio-Video Systems LLC, New ERA Technology Inc., Professional Audio Visual Ltd., Solutionz Inc., Telerent Leasing Corp. (ITOCHU International Inc.) and Vistacom Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Pro AV Market to Reach US$ 4.2 Billion by 2032, Bolstered by Expanding Education Sector
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