|Last Quarterly Update:||1/20/2014|
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Companies in this industry manufacture televisions, stereos, speakers, video players, and camcorders. Major companies include Bose and Harman International (both based in the US), along with LG Electronics and Samsung (South Korea); Panasonic, Pioneer, Sony, and Toshiba (Japan); and Royal Philips (the Netherlands).
Worldwide, the top 10 manufacturers of audio and video equipment generate about $200 billion in annual revenue from A/V products. Countries in Asia dominate the audio and video equipment manufacturing industry.
The US audio and video equipment manufacturing industry includes about 400 companies with annual revenue of about $2.5 billion.
Demand is driven by consumer income and the rate of product innovation. The profitability of individual companies depends on manufacturing efficiency and effective marketing and distribution. Large companies have advantages in economies of scale in manufacturing, marketing, and distribution. Small companies can compete effectively by offering specialty products or components in system solutions, such as speakers in a home theater system. The US industry is highly concentrated: the 50 largest companies account for about 80 percent of revenue.
US manufacturers of audio and video equipment face significant competition from imports, particularly from China, Mexico, and Japan.
PRODUCTS, OPERATIONS & TECHNOLOGY
Audio and video equipment manufacturers depend on product engineers to design new products that are high performance, low cost, and easy to use. Major products include TVs, auto and home stereos, speakers, DVD players, Blu-ray players, and camcorders. Small companies tend to focus on ...
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