Audio & Video Equipment Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 7/1/2024
SIC Codes: 3651
NAICS Codes: 334310
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Audio & Video Equipment Manufacturing Industry Profile

Companies in this industry manufacture audio and video equipment such as televisions, stereos, speakers, video players, and camcorders. Major companies include Bose (US); LG Electronics and Samsung (both based in South Korea); Panasonic, Pioneer, and Sony (all based in Japan); and Philips (Netherlands).

Countries in Asia dominate the audio and video equipment manufacturing industry. Top producers include Mexico, Canada, Japan, Germany, and Brazil.

The US audio and video equipment manufacturing industry includes about 500 establishments (single-location companies and units of multi-location companies) with annual revenue of about $3 billion.

Competing products such as PCs and tablets, game consoles, and smartphones are covered in profiles of the Computer Manufacturing, Electronic Toys & Games Manufacturing, and Wireless Telecommunications Equipment Manufacturing industries, respectively.


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 concentrated: the 50 largest companies account for less than 80% of revenue.

Audio and video equipment competes with PCs, tablets, smartphones, and game consoles in the consumer home entertainment market. US manufacturers of audio and video equipment face significant competition from imports, particularly from China, Mexico, Thailand and Japan.

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