Pro AV Revenues for 2022 Expected to Surpass Previous 2019 Peak, Says New AVIXA Research

FAIRFAX, Va., August 1, 2022 /PRNewswire/ — After a strong 2021, when professional AV revenue growth exceeded initial expectations and reached 11%, 2022 is expected to set a new all-time high for professional AV, reaching $263 billion worldwide, according to AVIXA’s 2022 report Industry outlook and trend analysis (IOTA). Growth slows in the coming years to reach a compound annual growth rate (CAGR) of 5.9% from 2022 to 2027. Although this is partly due to slowing economic expansion across the world, the AV pro is still expected to grow faster than most countries’ GDP over the same period.

AVIXA 2022 Industry outlook and trend analysis (IOTA) presents data and analysis on the size of the professional audiovisual industry from a global perspective, as well as regional and vertical breakdowns. The research covers product trends, solution categories and vertical markets.

“As COVID-19 restrictions ease and people regain the comfort of gathering in person, the economy is transforming and professional AV is feeling an increase in demand,” said Sean Wargo, Senior Director of Market Intelligence, AVIXA. “Until now, the strongest solution areas have been those that provide adaptation to new behaviors, such as conferencing and learning. This has shifted to events and performances as we move back to the person.”

After being upended during the pandemic, the venues and events market is demonstrating its resilience with a high ranking among market opportunities. The market should go from $30.7 billion in 2022 at $47.2 billion (9% CAGR) in 2027 worldwide.

As consumers shift spending away from the home and inflationary pressures take their toll, residential spending on professional AV is expected to decline. This allows transport to move upwards, corresponding to a shift in spending towards travel. The transport market is expected to grow from $11.8 billion at $18.3 billion (CAGR of 6.8%) worldwide from 2022 to 2027

Many of the fastest growing markets for professional AV are resilient to the recession. While the pandemic recovery drives strong growth in venues, media and hospitality, others benefit from more stable investment. This includes government, energy and transport.

Despite some lingering challenges associated with the pandemic, APAC is resuming the economic expansion that began in previous periods, driven by rising business activity and a growing middle class looking to spend. The region remains a mainstay in digital signage as retail growth propels it to the forefront of solutions. Digital signage in APAC is expected to grow from $14.3 billion at $20.1 billion (7% CAGR) from 2022 to 2027.

As collaboration solutions growth slows in the Americas, experiential solutions areas like venues and events are rebounding and driving growth. Revenues from sites in the Americas are expected to reach $10.7 billion in 2022, increasing to $16.1 billion by 2027, CAGR of 8.5%. In addition, the Americas is the region where services capture the most revenue ($2.1 billion in 2022). Control systems are where the growth is, as content needs to be managed and distributed within a location.

The EMEA faces the biggest headwinds due to the far-reaching impact of the conflict in Ukraine, although growth is still relatively strong. While in-person meetings bring a welcome boost to the venues market, energy, growing 7.8% over the next five years, is also a key contributor thanks to sustainability efforts.

While the professional audiovisual industry is experiencing strong growth, there are still headwinds in the current environment. Supply chain challenges are peaking now that demand is at record highs, making it difficult for suppliers to keep pace, especially after being battered by shortages and logistical issues over the past two last years. Rising interest rates as governments seek to dampen inflation raise fears of a recession, with spending falling as a result. Hiring has also become increasingly difficult in a competitive employment landscape, leading to labor shortages. Even so, the IOTA data shows that tailwinds prevail and professional AV continues to grow, albeit the growth is somewhat muted below what might be possible.

To learn more about the 2022 Audio Visual Industry Outlook and Trend Analysis (IOTA), visit

Download: Revenue Chart


AVIXA is the Audiovisual and Integrated Experience Association, producer of InfoComm trade shows worldwide, co-owner of Integrated Systems Europe and the international trade association representing the audiovisual industry. Founded in 1939, AVIXA has over 20,000 business and individual members, including manufacturers, systems integrators, resellers and distributors, consultants, programmers, live event companies, technology managers, producers content providers and multimedia professionals from more than 80 countries. AVIXA members create integrated audio-visual experiences that deliver results to end users. AVIXA is a hub for professional collaboration, information, and community, and is the premier resource for audiovisual standards, certification, training, market intelligence, and thought leadership. Visit


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