The Global Video Equipment Market Was Valued At USD 97 Billion In 2017

Posted by praneeth on July 20th, 2018

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 USD 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 USD 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.

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

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