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September 2022 www.avnewsonline.com A new AV experience showcase & networking event returns!
Top 10 reasons for pursuing practical higher education
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After the hugely successful inaugural AV Experience Showcase & Networking Event at Lord’s last September,
Higher education continues to
play a major role in preparing students for the world of work by teaching them what they need to know.
Pro AV revenue for 2022 to exceed 2019
Sales of high-brightness projectors hit record high
After a strong 2021, when pro AV revenue growth exceeded initial expectations and hit 11%, 2022 is set up to hit a new high-water mark for pro AV, reaching $263 billion globally, according to AVIXA’s 2022 Industry Outlook and Trends Analysis (IOTA). Growth moderates in the coming years to a compound annual growth rate
about the size of the pro AV industry with a global perspective – plus regional and vertical breakouts. The research covers product trends, solution categories, and vertical markets. “As COVID-19 restrictions decline and people regain comfort with gathering in person, the economy is transforming and pro AV feels a surge in demand,” said
the pandemic, the venues and events market is demonstrating its resiliency through a high ranking among market opportunities. The market is forecast to grow from $30.7 billion in 2022 to $47.2 billion (9% CAGR) in 2027 globally. As consumers shift their spending back out of the home and inflationary pressures take their toll,
PMA Research has announced that worldwide sales of projectors with +10,000 lumens rose to an all-time high during the first half of 2022. With the relaxation of Covid-19 restrictions in advanced economies, consumers turned their spending from at-home products to out-of-home entertainment. That sparked strong growth in sales of super-bright projec-
ongoing strength in the higher-education market. Overall, worldwide demand in this segment registered 20% growth during the first half of the year. That was due to robust gains in advanced economies, including the U.S., Western Europe, Australia, Japan, and Korea. Combined sales in these countries grew more than 50% during the first half
came to a screeching halt while the Indian market showed signs of recovery. Still, that wasn’t enough to offset the sluggishness in China.
(CAGR) of 5.9% from 2022 to 2027. While this is due in part to the slow-down in economic expansion across the globe, pro AV is still set to grow faster than most countries’ GDPs during the same period. AVIXA’s 2022 Industry Outlook and Trends Analysis (IOTA) presents data and analysis
Sean Wargo, Senior Director of Market Intelligence, AVIXA. “Up to this point, the strongest solution areas were those offering adaptation to new behaviour, such as conferencing and learning. This has shifted to events and performance as we return to in-person.” After being upended during
residential spending on pro AV is set to decline. This enables transportation to shift upwards, consistent with a shift in spending towards travel again.
tors for large venues such as concert halls, theme parks, stadiums, and planetariums. Continued growth of immersive or experiential entertainment using projection mapping technology also contributed to the high-brightness gains as did
of the year. However, sales in China during the first half of this year couldn’t keep pace with last year’s growth as the lockdowns and economic headwinds earlier this year took a toll on overall growth in emerging economies. Sales in Russia
PMA Research has reported that worldwide sales of projectors with +10,000 lumens rose to an all-time high during the first half of 2022.
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