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The global pro AV cables market is estimated to reach revenues of approximately $2 billion by 2024LONDON, Nov. 27, 2018 /PRNewswire/ -- The global pro AV cables market is estimated to reach revenues of approximately $2 billion by 2024, growing at a CAGR of over 4% during 2018-2024. The application segment in the global pro AV cables market is classified into AV acquisition conferencing & delivery, sound reinforcement, lighting & lighting control, signal management, and data transfer. AV acquisition conferencing & delivery application is the fastest growing segment in the global market, at a CAGR of over 5% during the forecast period. The emergence of new technologies, the adoption of sustainable policies, rapid developments in the emerging regions, and changing consumer preferences are some of the factors attributing to the growth of this segment in the global market. The growing demand for sound reinforcement products such as microphones, loudspeakers, audio mixers, audio signal processors, and power amplifiers worldwide will drive the growth of the global pro AV cables market.The advent of DMX along with technological advancements have allowed miniaturization of electronic technologies and fueling the revenues in the lighting and lighting control segment. The global pro AV cables market by end-user type is categorized into large venues & events, corporates, educational institutes, government & military, studio & broadcasting, hospitality, and other. Large venues& events occupied more than 1/3rd of the total market share in 2018, growing at a CAGR of more than 4% during the forecast period. The increasing construction of new House of Worships, stadiums, and arenas, and theme parks are augmenting the growth of this segment. Growth of the studio and broadcasting segment that includes music production, post production, and recording venues, TV, radio, and other broadcasting studios will create lucrative opportunities for vendors in the global market. The distribution channel segment in the global pro AV cables market is categorized into retail and online. The online stores are the fastest growing segment in the global market, at a CAGR of approximately 15% during the forecast period.AV system integrators, pro audio and electronics stores, and pro audio dealers and distributors are the largest revenue generators in the global pro AV cables market. Market Segmentation by Product Type • Audio & Video Cords • Power Cords • Dmx Cords • Ethernet Cords • Instrument Cords • Multicore Cord • Other Cords Market Segmentation by Application • AV Acquisition Conferencing & Delivery • Sound Reinforcement • Lighting & Lighting Control • Signal Management • Data Transfer Market Segmentation by End-User • Large Venues & Events • Corporates • Educational Institutes • Government & Military • Studio & Broadcasting • Hospitality • Other Market Segmentation by Distribution Channel • Retail o AV System Integrators o Pro AV Dealers & Distributors o Pro AV Electronic Stores • Online Pro AV Cables Market - Geography The market by geography is divided into APAC, Europe, North America, Latin America, and MEA. APAC dominated more than 1/3rd of the total market share in 2018, growing at a CAGR of around 4% during the forecast period. The increasing government initiative to promote digitalized economy is driving the growth of the APAC region.The increasing need to replacement and upgrading of legacy systems across the North American region will drive the demand in the global market. The UK, Germany, and France are the largest revenue generators in the European market. Large events such as the 2020 Dubai Expo in the UAE and 2022 FIFA World Cup in Qatar will encourage vendors to expand to the MEA region in the global pro AV cables market. Market Segmentation by Geography • APAC o China & SAR o Japan o Australia o South Korea o India o Indonesia • North America o US o Canada • Europe o UK o Germany o France o Italy o Spain o Switzerland o Russia o Benelux o Scandinavia • Latin America o Brazil o Mexico o Argentina • MEA o Saudi Arabia o UAE o South Africa o Maghreb Region Key Vendor Analysis The global pro AV cables market is highly fragmented due to the presence of various international and regional players. The increasing focus to alter and refine the players' unique value proposition is intensifying competition in the market. The leading vendors are using new business models and developing a diverse product portfolio to sustain the competition in the global market. The rising number of product/service extensions, technological innovations, and M&A activities will encourage companies to expand to emerging nations. The players are introducing innovative and advanced solutions to attract a maximum number of consumers in the global pro AV cables market. The major vendors in the global market are: • Belden • CORDIAL • HARMAN International (Samsung) • Southwire Company Other prominent vendors include AFL, Amphenol Corporation, AV Supply Group, CommScope, Eurocable, Extron Electronics, General Cables, Hitachi Cables, Keystone Cables, Legrand, Liberty AV, Nexans, SAB Bröckskes, Sanyo Denko, Siemon, Sommer Cable, Vivolink, and Yamaha Corporation. Key market insights include 1. The analysis of global pro AV cables market provides market size and growth rate for the forecast period 2018-2023. 2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global pro AV cables market. 3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities. 4. It offers a complete overview of market segments and the regional outlook of global pro AV cables market. 5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage. Download the full report: https://www.reportbuyer.com/product/5628213 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com
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