Audio & Video Equipment Manufacturing in the US - Industry Market Research Report

Audio & Video Equipment Manufacturing in the US - Industry Market Research Report

  • November 2021 •
  • 44 pages •
  • Report ID: 198785 •
  • Format: PDF
Signal static: The rise of substitute products and import penetration is expected to largely stymie revenue growth

Abstract

Audio & Video Equipment Manufacturing in the US
The Audio and Video Equipment Manufacturing industry manufactures electronic audio and video equipment for home entertainment, motor vehicles and instrument amplification. Over the five years to 2019, technological changes and shifts in media and entertainment consumption have posed significant challenges to the industry. Many industry products, such as DVD players and video cameras, have been replaced by new technology such as smartphones and online streaming services. Additionally, the offshoring of production to countries with lower wage costs has limited industry growth. As a result, revenue is expected to remain relatively stagnant over the five years to 2019. The challenges confronting this industry are expected to remain significant over the five years to 2024 as companies continue to offshore manufacturing operations. However, positive shifts in new end markets and input materials will somewhat offset these pressures.

This industry comprises manufacturers of electronic audio and video equipment for home entertainment systems, vehicles and public areas. The industry excludes manufacturers of photographic equipment and telephone answering machines.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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