NAICS 33431 - Audio and Video Equipment Manufacturing
This industry comprises establishments primarily engaged in manufacturing electronic audio and video equipment for home entertainment, motor vehicle, public address and musical instrument amplifications. Examples of products made by these establishments are video cassette recorders, televisions, stereo equipment, speaker systems, household-type video cameras, jukeboxes, and amplifiers for musical instruments and public address systems.
Industry trends:
The Audio and Video Equipment Manufacturing industry (NAICS 33431) is currently experiencing several noteworthy qualitative trends. One significant trend is the increasing integration of artificial intelligence (AI) and Internet of Things (IoT) technologies into audio and video devices. This has led to smarter and more connected home entertainment systems, which can automatically adjust settings based on user preferences and environmental factors.
Another prominent trend is the growing consumer demand for high-resolution and immersive experiences. This includes a heightened interest in products like 4K and 8K televisions, as well as advanced sound systems that offer surround sound and other high-quality audio experiences.
Sustainability is also becoming a crucial consideration within the industry. Manufacturers are increasingly prioritizing eco-friendly materials and energy-efficient technologies in their products, responding to both regulatory pressures and consumer demand for sustainable options.
The near future forecasts suggest a continued expansion in the smart home segment, with audio and video equipment becoming more integrated with other smart devices. Additionally, the adoption of 5G technology is expected to enhance streaming capabilities and provide better support for high-definition content, driving demand for compatible devices.
As hybrid work and remote learning remain prevalent, there is also an anticipated rise in the need for high-quality audiovisual equipment to support these activities, projecting growth opportunities for manufacturers who can meet these evolving consumer needs.
This industry is comprised of:
Amplifiers (e.g., auto, home, musical instrument, public address) manufacturing
Automobile radio receivers manufacturing
Camcorders manufacturing
Car stereos manufacturing
Clock radios manufacturing
Coin-operated jukebox manufacturing
Compact disc players (e.g., automotive, household-type) manufacturing
Digital video disc players manufacturing
DVD (digital video disc) players manufacturing
Home stereo systems manufacturing
Home tape recorders and players (e.g., cartridge, cassette, reel) manufacturing
Home theater audio and video equipment manufacturing
Jukeboxes manufacturing
Loudspeakers manufacturing
Microphones manufacturing
Portable stereo systems manufacturing
Projection television manufacturing
Public address systems and equipment manufacturing
Radio headphones manufacturing
Radio receiving sets manufacturing
Speaker systems manufacturing
Tape players and recorders, household-type, manufacturing
Television (TV) sets manufacturing
TV (television) sets manufacturing
VCR (video cassette recorder) manufacturing
Video cameras, household-type, manufacturing
Video cassette recorders (VCR) manufacturing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.