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Pro AV revenue down 17% in 2020, but 5-year outlook positive

Provided by AVIXA
July 2, 2021
After peaking at $259 billion in 2019, pro AV industry revenue dropped to $214 billion globally in 2020 due to the COVID-19 pandemic, according to the new 2021 AV Industry Outlook and Trends Analysis released by AVIXA, the Audiovisual and Integrated Experience Association.
IOTA forecasts revenue will reach $232 billion in 2021 and grow to $329 billion in 2026, representing a 7.2% compound annual growth rate. Digital signage is poised for strong revenue growth, with a forecast of $32 billion in 2021, increasing to $44.7 billion in 2026. The signage market had strength going into the pandemic, as display prices encouraged proliferation. Media servers are the leading product category for digital signage with $6.9 billion in revenue in 2021. ....

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Pro AV Revenue Declined by 17% in 2020, But 5-Year Outlook is Positive, According to New Forecasts From AVIXA

Pro AV Revenue Declined by 17% in 2020, But 5-Year Outlook is Positive, According to New Forecasts From AVIXA
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