InfoComm has released its 2017 AV Industry Outlook and Trends Analysis, predicting a 4% growth every year up until 2022 in Europe and the Americas.
The report estimates that the European AV industry will be earning $10 billion more in 2022 than in 2016, a growth of 23%. A massive 18% of the increase has been attributed to Germany, but this follows a period when the industry has declined. Scandinavia was the one region that grew between 2015 and 2016 and it will continue to grow by 3% per year. Western Europe is around 70% of the overall market.
Infocomm’s AV Forecast shows the industry recovering over the next two years.
The report looks by segment and provides forecasts that highlight that while “Video Displays” will grow from 8% to 14% of the market, projection is expected to drop from 11% to 4% of revenues – it has already dropped from 17% of the market value in 2014, Infocomm reports.
Infocomm forecasts that Projection will drop significantly
Meanwhile, the report also predicts a 4% annual growth the Americas until 2022, increasing from $65 billion in 2016 to $83 billion in 2022, so the region is bigger than Europe. North America will take 86% of the regional revenue by 2022, although Mexico will move to double that of Brazil, although it was smaller in 2014.
As in Europe, projection is expected to decline in share from 9% to 3% while ‘Video Displays’ will grow from 9% to 12%. Other segments will not change as much.
Infocomm shows that projection is already weaker in the US than in Europe and will decline further.
The US AV market has been named the largest in the world. The report also noted that streaming media, storage and distribution platforms now account for 26% of the professional AV industry in America, having made $17 billion in 2016.
Infocomm said that all regions have been growing and will grow
China, of course, dominates the Asian region with nearly 53% of the value, but every region is showing growth, with Australasia, East Asia-Pacific, and the Indian Subcontinent growing by 9%, 7%, and 15%, respectively, from 2015 to 2016. China is a large and ‘mature’ market, but continues to grow. Overall, APAC has compound growth of 5%.
The same trend on the drop in projection will be seen in APAC
In APAC, the value of the market for projectors and screens will drop by 7% annually.
The reports are available by region, divided into Europe, Asia-Pacific and the Americas. There is also a global report, providing a broader overview of figures from all three regions.
Each report costs $4,500 for InfoComm members, or $6,100 for non-members. There is a bundle deal available for those purchasing all four reports.
An executive summary can be downloaded (registration needed).
