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2024 U.S. Industry Statistics & Market Forecast - Audio and Video Equipment Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Audio and Video Equipment Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Audio and Video Equipment Manufacturing industry include:- Increased demand for high-quality audio products due to rising consumer expectations
- Growing integration of smart technology and IoT in AV equipment
- Shift towards wireless and portable audio devices
- Enhanced focus on immersive and 3D audio technologies
- Rise of home entertainment systems due to increased at-home consumption
- Impact of global supply chain disruptions on manufacturing and distribution
- Integration of AI to improve user interaction and sound personalization
- Expansion of 4K, 8K, and higher resolution technologies in video equipment
- Adoption of sustainable practices and materials to meet environmental regulations
- Increased use of cloud-based solutions for content storage and streaming
- Growing importance of content security technology advancements
- Consolidation of industry players to leverage new technologies and markets
- Enhanced consumer inclination towards subscription-based and rental AV services
- Fluctuating raw material prices impacting production costs
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Audio and Video Equipment Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Audio and Video Equipment Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Audio and Video Equipment Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 13% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Business and Financial Operations Occupations | 8% | |||
| Business Operations Specialists | 7% | |||
| Computer and Mathematical Occupations | 10% | |||
| Computer Occupations | 10% | |||
| Software and Web Developers, Programmers, and Testers | 6% | |||
| Sales and Related Occupations | 10% | |||
| Office and Administrative Support Occupations | 10% | |||
| Production Occupations | 31% | |||
| Assemblers and Fabricators | 24% | |||
| Electrical, Electronics, and Electromechanical Assemblers | 18% | |||
| Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers | 17% | |||
| Miscellaneous Assemblers and Fabricators | 6% | |||
Audio and Video Equipment Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Audio and Video Equipment Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Audio and Video Equipment Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Audio and Video Equipment Manufacturing industry. |
Source:
Innovation News
- Jun 13, 2024: Activision Blizzard patents Video Game Group Dynamic Building
- Jun 13, 2024: Activision Blizzard patents Video Game Group Dynamic Building
- Jun 13, 2024: Bose patents Systems And Methods For Adjusting Clarity Of An Audio Output
- Jan 29, 2024: Biamp Systems trademarks "VENUETUNE" - Computer software for configuration and remote control of one or more audio products in a networked system
- Jan 25, 2024: Aristocrat Technologies trademarks "SOLAR SPLENDOR" - Downloadable computer game software via a global computer network and wireless devices; Downloadable game software; Downloadable electronic games via the internet and wireless devices; Recorded game software
- Jan 24, 2024: Aristocrat Technologies trademarks "TOUCHDOWN TRIO" - Gaming machines for gambling; Gaming machines
- Jun 23, 2021: Videon Central raises $7 million in funding.
- May 12, 2021: Twinsuns raises $3 million in funding.
- Feb 08, 2021: Boxlight raises $2 million in funding.
Recent Federal Contracts for Audio and Video Equipment Manufacturing
- Mar 29, 2024: FEMDEL LLC (Hyattsville, MD) awarded $49,066
- Mar 28, 2024: GUIDE ID B.V. (Deventer, ) awarded $12,000
- Mar 28, 2024: FORD AUDIO-VIDEO SYSTEMS, LLC (Oklahoma City, OK) awarded $260,629
- Mar 28, 2024: J & N MARKETING, INC. (Mokena, IL) awarded $4,395
- Mar 27, 2024: MEAK SOLUTIONS LLC. (Mentor, OH) awarded $75,432
- Mar 27, 2024: AXON ENTERPRISE, INC. (Scottsdale, AZ) awarded $15,000
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