Dear partners,
As 2023 concludes, SC&T celebrates our innovations and positive industry developments. We appreciate the feedback from our partners and wish everyone a prosperous Year of the Dragon, symbolizing auspiciousness and nobility in our traditions.
Next week, people in Taiwan will celebrate the Lunar New Year, and our office will be on holiday from 2/8 to 2/14.
May 2024 bring success to all of our partners.
We are excited to share with you our vision and plan for 2024. Here are some key changes that we are working on:
Analyzing the industry status in 2023, we drew insights from AVIXA™'s annual analysis. It primarily focuses on two key indicators:
AVIXA™'s report follows the following standards:
Last year's Professional AV Sales Index (AVI-S) increased by 3.5 points, reaching 60.4 at the end of 2023. This is comparable to the 61.2 in December 2022.
This article introduces two methods for reviewing: one calculates the average level over the entire year's 12 months, and the other uses the year-end net question (same as the monthly index question but comparing the past two years instead of the past two months). The article prefers the latter as it provides a net measurement, whereas the averaging method may overlook scale (for example, growing 5% over nine months and 20% over three months may appear positive on average but the net looks negative).
Hence, this article compiles the outcomes of both methods, highlighting that 2023 was a solid yet not as favorable year as 2022. The monthly average index is 58.8, marking the lowest point in a year (excluding 2020) but exhibiting a modest deviation from pre-pandemic years. In the article's favored annual net comparison, the index records 67.1. Although significantly lower than 2022's 72.5, it closely aligns with 2021's 67.9. Collectively, these findings portray 2023 as a positive but not exceptional year.
For more details, see Pro-AV Business Index | AVIXA.
From 1/30 to 2/2, SC&T is joining the 20th ISE conference and exhibition in Spain. If you are attending ISE, come and visit our booth at 3K900!
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