AV sales growth has accelerated to new pandemic-era highs according to AVIXA. The organisation’s latest Pro AV Business Index shows the AV sales index (AVI-S) reaching 63.7, 4.5 points up from the already strong 59.2 mark reported in April and the highest level since August 2019.
Improvements in the pandemic situation are the primary driving force behind the AV spending surge, with greater international proliferation of vaccines combining with major declines in global case counts to add significant fuel to the economic engine.
“Between good news on Covid-19, our research to create our new Industry Outlook and Trends Analysis, and latest sales numbers, we believe we’re headed for record highs in the AVI-S,” said Peter Hansen, economic analyst, AVIXA. “Timing-wise, a score of 70 seems reasonable by the fall, but there are good arguments as to why it could be later. It’s no guarantee, but as the world returns to normal activity, the ceiling for pro AV spending rises.”
The Pro AV Business Index report is derived from a monthly survey of the AVIXA Insights Community, a research community of industry members that tracks business trends in commercial AV. The report comprises two diffusion indexes: the AV Sales Index (AVI-S) and the AV Employment Index (AVI-E). In each case, an index above 50 indicates an increase in sales or employment activity.
Visit www.avixa.org/AVindex to access the free monthly Pro AV Business Index reports and learn more about the methodology. For more information about joining the AVIXA Insights Community, visit www.avixa.org/AVIP.