Pro AV manufacturers now have a professional platform to expand their business in the two fastest growing countries in Asia -- China and India. InfoCommAsia Pte Ltd, organizer of trade shows specifically for the pro AV industry, will stage its inaugural event in India next year, after having firmly established its trade show in China.
InfoComm India 2009 makes its debut from 4-6 March 2009 in Mumbai, gateway to the lucrative Indian market; while InfoComm China, previously known as Integrated Systems China, continues with its sixth presentation in November 10-12, 2009, in Beijing.
The importance and potential size of these markets to the pro AV industry are highlighted in a Market Definition and Strategy Study on the Asia Pacific market commissioned by InfoComm International. Preliminary findings show that India is the fastest growing market in the region, growing at 22 percent CAGR. The Indian pro AV market is forecast to reach US$1.5 billion by 2010. China, growing at 16 percent CAGR, is expected to overtake Japan as the largest market in the Asia Pacific for pro AV products and services by 2010.
China and India have consistently recorded GDP growth of between 8 and 10 percent in the past few years. With rising incomes and an expanding middle class, consumption patterns are changing. Economic growth is increasingly being driven by domestic demand, with diminishing dependence on exports for growth. There is a greater focus on infrastructural and business development, fueling demands for information acquisition and delivery networks such as audio-visual equipment to enhance general business, transportation, education, leisure, retail and marketing services.
"It is an opportune time to look at the Indian market. We will leverage on our decade-long experience in China and other parts of Asia to customize an effective platform for pro AV manufacturers to sell their technologies to systems integrators and institutional end-users in India," said Richard Tan, general manager of InfoCommAsia Pte Ltd. "Based on feedback from the Road Show we held in India at the end of 2007, we are confident that InfoComm India will be as well received and achieve the same success as InfoComm China," he added.