Audio Visual Equipment
Audio Visual Equipment industry is riding on high growth thanks to big spending in education, infrastructure and corporate IT. The industry is estimated at USD 1.5 in 2015, while the global audio visual market is estimated at USD 115 billion. The industry is dominated by video, lighting, display and projection systems and has the third largest market in Asia Pacific followed by China, Japan. The sector is closely dependant on entertainment, IT, government, hospitality, security and defence sectors. The landscape of India provides immense opportunity for the growth of the segment
Indian classroom with a blackboard alone will soon become a thing of the past. The audio visual equipment is slowing makings it way into the classroom thanks to boom in plasma and LED screens. The bigger players in education software like Educomp and HCL are also bundling the products nicely to grow the trade. Even Universities, which were reluctant few years before are spending to bring it to world standards.
With government initiatives like Sarva Siksha Abhiyan the industry is likely to provide a boost in several states. Awareness has really helped the industry to grow.
Among the corporate, the conferencing & streaming equipment is registering higher growth. With more number of technocrats leading companies the awareness level of benefits is high.
The industry is expected to cross 5