With the ever-increasing complexity of electronic devices such as smartphones, laptops, and PCs, there has been a corresponding need for versatile and efficient ways to transmit the ever-increasing data and multimedia. To meet these rising data transfer needs and enhance digital connectivity, various forms of connectors have been designed.
Even if the epidemic slows down, video conferencing will have the opportunity to become the new normal in the future. Although the relevant system equipment manufacturers have suffered the impact of the epidemic, they are actively grasping the turning point of the industry.
In 2018, the global audio and video equipment market was valued at approximately US$160.4 billion. It has declined at a compound annual growth rate (CAGR) of -1.86% since 2014. It is expected to decline slightly at a compound annual growth rate (CAGR) of -0.05% until 2022 of US$160.1 billion.
