Audio and Visual Public Addressal System Market Share, Size, Trends, Industry Analysis Report, By Product Type (Portable and Fixed); By Distribution Channel; By Application; By Region; Segment Forecast, 2023 – 2032
- Published Date:Oct-2023
- Pages: 118
- Format: PDF
- Report ID: PM3840
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global audio and visual public addressal system market was valued at USD 1,299.89 million in 2022 and is expected to grow at a CAGR of 5.4% during the forecast period.
The rising need and demand for audio and visual PA systems in applications like marshaling yards, passenger amenities, special functions, railway workshops, breakdown train emergency equipment, acoustic, and many others, and surging use of sound reinforcement systems in public facilities, including schools, malls, and public buildings, are major factors driving the growth of the global market. In addition, major companies in the market are placing higher priority on R&D activities to improve the efficiency of their existing product portfolios and increase their global market reach to generate higher revenues, which, in turn, has been positively propelling the market growth.
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For instance, in November 2021, Zenitel introduced its five IP speakers, which provide two-way communication and allow users to hear. These speakers are a very important part of public address systems for mitigating security and safety challenges, mainly in specific demanding environments.
Moreover, a large number of companies across the globe are increasingly concentrating on the integration of smart technologies like Bluetooth compatibility and the Internet of Things into their offerings in order to make them remote control and easier to operate, leading to greater product adoption and demand from various applications.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the audio and visual public address system market. During the pandemic, a large number of events resulted in postponements and cancellations, including concerts, sports events, corporate gatherings, and concerts, which have negatively impacted the demand and need for public address systems globally.
Industry Dynamics
Growth Drivers
Technological Advancement
The significant growth in technological advancements in audio and visual technologies that led to the development of efficient and more sophisticated PA systems coupled with the rising integration of PA systems with various kinds of smart technologies with the help of IoTs, enabling remote management, easy customization of audio and visual content, and automation, are among the primary factors influencing the growth of the audio and visual public addressal system market at a rapid pace.
Furthermore, the rising prevalence and adoption of innovative PA systems in schools, colleges, universities, and many other educational institutions for announcements, lectures, and performing events, along with the continuous expansion of the retail industry worldwide and widespread product utilization in retail stores and hotels for creating ambiance, promoting products, and public announcements, are further likely to boost the market growth over the coming years. For instance, according to the Retailers Association of India, the Indian organized retail sector has witnessed a drastic growth of 34% in the financial year 2022-23, and the Indian retail market is projected to reach USD 1.1 trillion by 2027 and USD 2 trillion by 2032.
Report Segmentation
The market is primarily segmented based on product type, distribution channel, application, and region.
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By Product Type |
By Distribution Channel |
By Application |
By Region |
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By Product Type Analysis
Fixed segment accounted for the noteworthy market share in 2022
The fixed segment accounted for the highest global market share. The growth of the segment market can be majorly driven by continuous growth in infrastructure development that includes the expansion of commercial complexes, educational institutions, stadiums, public spaces, and transportation hubs, among others, along with their ability to provide a clear and reliable means of communications across a wide area.
The portable segment is likely to grow at the highest growth rate over the next coming years on account of its numerous advantageous features and characteristics, including lightweight, easy to transport, user-friendly interface, and quick connect components, among others, that allow the customers to use the system without the need of extensive technical knowledge.
Additionally, with the exponential growth in the event industry and surge in the number of events like conferences, seminars, concerts, festivals, and trade shows, the need and demand for audio and visual solutions to provide reliable and high-quality sound reinforcement and visual support have increased drastically in the recent years.
By Distribution Channel
Organized retail store segment held the substantial market share in 2022
The organized retail store segment held the largest market share in terms of revenue in 2022, which is mainly driven by the continuous expansion of the organized retail sector all over the world, including supermarkets, hypermarkets, and specialty stores and their rising focus on creating immersive and memorable shopping experiences coupled with the presence of trained and professional staff to assist customer queries, product recommendations, and providing information about ongoing trends and promotion offers.
The e-commerce segment is anticipated to grow at the highest growth rate over the next coming years, mainly due to the rapid emergence of various new online shopping platforms globally offering a convenient shopping channel or platform for consumers to browse, compare, and purchase these systems from the comfort of their homes.
By Application Analysis
Outdoor segment is expected to witness highest growth during forecast period
The outdoor segment is expected to grow at the highest growth rate during the anticipated period because of the rising product utilization of various transportation hubs, which requires efficient visual and audio communication systems to provide information to travelers regarding arrivals, departures, delays, and many other important information. Apart from this, with the emerging trend of smart cities and rapidly growing infrastructure development, the demand and need for these systems are also likely to gain traction for aiding in traffic management and public information dissemination.
For instance, according to data by SmartAmerica Challenge, the city governments in the United States will be investing around USD 41 trillion in the next 20 years towards the upgradation of their infrastructure and smart city projects.
By Regional Analysis
North America region dominated the global market in 2022
North America emerged as the largest shareholder. The regional market growth can be largely attributed to its growing importance and need in mass communication for announcements and emergency alerts and the growing utilization of audio and visual PA systems among businesses and corporations for internal communications, training sessions, conferences, and presentations, among others.
APAC will grow at a rapid pace, owing to the increasing number of government initiatives in countries like India and China mainly aimed at promoting public safety, security, and emergency response systems along with the rising proliferation of public spaces like malls, stadiums, airports, and railway stations, leading to huge demand for effective communication systems to manage crowd and provide information effectively.
Competitive Insight
The Audio and Visual Public Addressal System market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global market include
- Anchor Audio
- Baolum Electronics
- Behringer
- Bose Corporation
- Fender
- FISHMAN TRANSDUCERS Inc.
- Guangzhou CMX
- Hisonic
- Honeywell
- ION Audio
- OPTIMUS S.A.
- Peavey
- PowerWerks
- Pyle Audio
- PylePro
- QFX
- Rockville
- Seismic Audio
- Snom
- Yamaha Corporation
Recent Developments
- In May 2022, Zenitel, introduced new public address & voice alarm solutions for their customers, that will allow their customers to efficiently deliver messages & alerts for any kind of situation or in any environment.
- In October 2022, Panasonic Connect, announced introduced new audio wireless microphones & receivers, which offers exceptional crisp audio and connectivity options for added flexibility. The range of newly developed products includes WX-ST700 Wireless Boundary Microphone, WX-ST600 Wireless Desktop, WM-KG645 18” Gooseneck Microphone, and WX-SZ600 4-port Networked Desktop Charging Station.
Audio and Visual Public Addressal System Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 1,365.79 million |
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Revenue forecast in 2032 |
USD 2,186.93 billion |
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CAGR |
5.4% from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
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Segments covered |
By Product Type, By Distribution Channel, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
key companies in audio and visual public addressal system market are Baolum Electronics, Yamaha Corporation, Anchor Audio, Seismic Audio.
The global audio and visual public addressal system market is expected to grow at a CAGR of 5.4% during the forecast period.
The audio and visual public addressal system market report covering key segments are product type, distribution channel, application, and region.
key driving factors in industrial audio and visual public addressal system market are increased demand in commercial sectors.
The global audio and visual public addressal system market size is expected to reach USD 2,186.93 million by 2032.
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