Audio Visual Electronic Equipment Manufacturing in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: August 2023
ANZSIC C2429Revenue
$2.7bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
6,541
Businesses
599
Wages
$XXX.Xm
Audio Visual Electronic Equipment Manufacturing in Australia industry analysis
Audio visual electronic equipment manufacturers have faced challenging trading conditions . A high level of globalisation has characterised the Audio Visual Electronic Equipment Manufacturing industry in recent years, as imports account for a considerable portion of domestic demand. Foreign manufacturers have placed significant competitive pressure on manufacturers, with low-cost overseas manufacturers that can leverage economies of scale dominating the domestic market. This trend has forced domestic manufacturers to focus on higher quality, specialised items to gain a competitive advantage on quality rather than a price basis.The Audio Visual Electronic Equipment Manufacturing industry is highly fragmented, with a low level of market concentration and multiple diverse product segments. Largely driven by the COVID-19 pandemic which has substantially reduced demand from key markets like the defence segment, revenue is expected to plunge at an annualised 6.3% over the five years through 2023-24, to $2.7 billion. This includes an estimated dip of 0.2% in the current year, due to the rise in the value of the Australian dollar, which makes foreign products more price-competitive and domestically manufactured equipment pricier.The performance of audio visual electronic equipment manufacturers is set to recover over the next few years, with revenue to grow at an annual average rate of 3.4%, through the end of 2028-29, to an estimated $3.1 billion. Import penetration is poised to remain high, as the Australian dollar is set to rise, causing domestic manufacturers to face greater competition from cheaper foreign products. However, commercial and industrial construction activities are set to rise, driving up demand for audio visual electronic equipment. Rising capital expenditure on defence and private capital expenditure on machinery and equipment is also set to boost industry revenue. The export market is poised to grow, as global demand recovers from the effects of COVID-19, and the demand for high-quality products strengthens. Improving downstream demand and export growth are to encourage an increasing number of manufacturers to enter the market, with enterprise and establishment numbers set to rise in the next few years. However, imports are anticipated to remain high, especially low-cost electronic components and parts, continuing to be a key source of competition for industry operators.
Trends and Insights
- Technological developments have supported revenue growth. Technological advancements have contributed to increased spending on machinery and equipment, as well as IT and telecommunications adoptions in recent years, supporting revenue growth.
- Microphones, headphones and earphones benefit from the transition to an online environment. The surge in work from home practices and hybrid learning has propelled demand for microphones, headphones and earphones.
- Population distribution and economic activity are key drivers of the number of manufacturers. A majority of manufacturers establish themselves in Australia’s three economic powerhouses with abundant labour: New South Wales, Victoria and Queensland.
- Internal competition centres on product specialisation and quality rather than price in the Audio Visual Electronics Equipment Manufacturing industry. Manufacturers gain a competitive edge by investing in research and development, developing new products and building up a reputable brand.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 6.3 % over the past five years, to reach an estimated $2.7bn in 2023.
Trends and Insights
Strong capital expenditure on machinery and equipment and technological developments have supported revenue
- Technological advancements and a growing emphasis on improving operational efficiency have encouraged manufacturers in some sectors of the economy to invest in new machinery, driving up capital expenditure on machinery and equipment in recent years.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Commercial building construction activity is set to surge as the economy recovers
- Demand from commercial and industrial building construction is set to continue growing. A pause in interest rate hikes or a reduction in interest rates will lift business confidence, propelling construction activities.
Biggest companies in the Audio Visual Electronic Equipment Manufacturing in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Codan | 82.0 | |
Ampac Technologies Pty Ltd | 54.7 | |
Srxglobal | 54.7 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Semiconductors and integrated circuits, Fire and other alarm systems and Other audio visual equipment and components. Semiconductors and integrated circuits is the largest segment of the Audio Visual Electronic Equipment Manufacturing in Australia.
Trends and Insights
A boom in remote working and learning sparked a surge in sales of microphones, headphones and earphones
- Microphones, headphones and earphones are commonly used for communication and entertainment, contributing to their significant market share.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Communication Equipment Manufacturing in Australia
Complementors
- Telecommunications and Other Electrical Goods Wholesaling in Australia
- Motor Vehicle Electrical Services in Australia
- Domestic Appliance Repair and Maintenance in Australia
International industries
- Global Semiconductor & Electronic Parts Manufacturing
- Global Consumer Electronics Manufacturing
- Alarm, Horn & Traffic Control Equipment Manufacturing in the US
- Audio & Video Equipment Manufacturing in the US
- Semiconductor & Circuit Manufacturing in the US
Table of Contents
About this industry
Industry definition
Audio visual electronic equipment manufacturers produce a range of audio or visual equipment, components and receiving sets; sound reproducing and recording equipment; radio and television parts, components and receiving sets; earphones and headphones; and other electronic equipment, parts and components.
What's included in this industry?
Amplifier, loudspeaker, metal detector parts and electronic musical equipmentFire alarm apparatusMicrophones, headphones and earphonesSemiconductors and integrated circuitsCompanies
CodanAmpac Technologies Pty LtdSrxglobalPurchase this report to view all 4 major companies in this industry.
Related Terms
SEMICONDUCTORINTEGRATED CIRCUITMETAL DETECTORIndustry Code
ANZSIC 2429 - Audio Visual Electronic Equipment Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Technological developments have supported revenue growth. Technological advancements have contributed to increased spending on machinery and equipment, as well as IT and tele...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Microphones, headphones and earphones benefit from the transition to an online environment. The surge in work from home practices and hybrid learning has propelled demand for...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Population distribution and economic activity are key drivers of the number of manufacturers. A majority of manufacturers establish themselves in Australia’s three economic p...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Internal competition centres on product specialisation and quality rather than price in the Audio Visual Electronics Equipment Manufacturing industry. Manufacturers gain a co...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The Audio Visual Electronic Equipment Manufacturing industry is highly fragmented. Manufacturers have been forced to focus on niche and custom markets due to the high level o...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Codan's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Ampac Technologies Pty Ltd's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Srxglobal's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Codan, and factors influencing its performance in the industry
- Description and key data for Ampac Technologies Pty Ltd, and factors influencing its performance in the industry
- Description and key data for Srxglobal, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Fluctuating international trade, driven by the volatile Australian dollar and the COVID-19 pandemic, has influenced revenue volatility. Since the Audio Visual Electronic Equi...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Intense competition and import penetration have constrained revenue for audio visual electronic equipment manufacturers. This encourages price-based competition, which contri...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Audio Visual Electronic Equipment Manufacturing industry in Australia in 2024?
The market size of the Audio Visual Electronic Equipment Manufacturing industry in Australia is $2.7bn in 2024.
How many businesses are there in the Audio Visual Electronic Equipment Manufacturing in Australia industry in 2023?
There are 599 businesses in the Audio Visual Electronic Equipment Manufacturing industry in Australia, which has grown at a CAGR of 1.9 % between 2018 and 2023.
Has the Audio Visual Electronic Equipment Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Audio Visual Electronic Equipment Manufacturing industry in Australia has been declining at a CAGR of 6.3 % between 2018 and 2023.
What is the forecast growth of the Audio Visual Electronic Equipment Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Audio Visual Electronic Equipment Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Audio Visual Electronic Equipment Manufacturing market in Australia?
The biggest companies operating in the Audio Visual Electronic Equipment Manufacturing market in Australia are Codan, Ampac Technologies Pty Ltd and Srxglobal
What does the Audio Visual Electronic Equipment Manufacturing in Australia include?
Amplifier, loudspeaker, metal detector parts and electronic musical equipment and Fire alarm apparatus are part of the Audio Visual Electronic Equipment Manufacturing industry.
Which companies have the highest market share in the Audio Visual Electronic Equipment Manufacturing in Australia?
The company holding the most market share in Australia is Codan.
How competitive is the Audio Visual Electronic Equipment Manufacturing industry in Australia?
The level of competition is moderate and increasing in the Audio Visual Electronic Equipment Manufacturing industry in Australia.
