Cleveland, OH, October 4, 2017 — US demand for audio and video equipment at the manufacturers’ level is forecast to reach $27.8 billion in 2021, according to Audio & Video Equipment: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from rising disposable incomes levels, which will support increased expenditures on discretionary goods like audio and video equipment.
TVs will remain the largest product segment over the forecast period, with new product introductions driving gains. In particular, the introduction of new display technologies and features, such as OLEDs and 4K Ultra HD resolution are expected to spur replacement demand.
These and other key insights are featured in Audio & Video Equipment: United States. This report forecasts US audio and video equipment demand in US dollars at the manufacturers’ level to 2021. Total demand and shipments are segmented by product in terms of:
- headphones, microphones, and speakers
- automotive audio equipment
- other products.
To illustrate historical trends, total demand, total shipments, the various demand segments, audio and video equipment PCE, and trade are provided in annual series from 2006 to 2016.
More information about the report is available at https://www.freedoniafocusreports.com/Audio-Video-Equipment-United-States-FF90031/.