Professional Audio Equipment Market by Product (Mixers, Interfaces, Network Switches, Processors, Power Amplifiers, Speakers, PA Systems, DAW Systems and Headphones), Type (Wired and Wireless), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2019–2026
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Jul 2020 |
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Professional audio equipment comprises premium quality, studio-grade audio devices that are used to integrate sound reinforcement system, sound recording, and other audio mixing devices. These equipment are used across various sectors such as radio broadcast station, recording & television studio, movie theater, and public address system setup. The changing entertainment ecosystem including sectors such as live events/concerts, studio productions, web production, has fueled the demand for advanced and noise proof audio equipment in the market. The rapid digitalization and huge penetration of smartphone along with availability of high-speed internet has also propelled the professional audio equipment market growth. These are used to produce noise and error proof audio mixes that are used for advertisement, music recordings, and other professional activities. Professional audio equipment includes amplifiers, headphones, DJ equipment, stage equipment, speakers and others. Apart from above advantages, these are also used to enhance the customer or user experience in various locations such as pubs, malls, sports complex, and stadiums. For instance, restaurant owners are using professional equipment to enhance the dining experiences across various countries.
The factors such as rise in demand for HD & ultra HD sound quality, increase in penetration of Wi-Fi and Bluetooth-based devices, and ease of connectivity with the network, drives the professional audio equipment market growth. The advancements in connectivity of audio equipment through smart network or other local area network provide remote access to these devices. Therefore, the advancement in terms of wireless connectivity has fueled the demand for professional audio equipment devices. However, high initial setup and maintenance cost restricts the market growth. Further, the rise in investment on developing voice-enabled smart interactive devices provides lucrative opportunities for the professional audio equipment market.
Audio equipment such as DAW, audio interface, audio monitors, and others, are extensively used in modern studios, complexes, bedroom studio, dedicated home studio, semi-pro studio, pro studio for better sound quality. For instance, 360-reality audio by Sony offers the consumer premium sound experience in production of motion arts, graphics & animations, and video games. Hence, the latest features and advancements in the professional audio equipment are advantageous to the market.
The professional audio equipment market is segmented on the basis of product, type, distribution channel, and region. On the basis of products, it is categorized into mixers, interfaces, network switches, processors, power amplifiers, speakers, PA systems, DAW systems, and headphones. On the basis of type, it is bifurcated into wired and wireless. On the basis of distribution channel, it is divided into offline and online. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the professional audio equipment industry are Casio Computer Co., Ltd., C. F. Martin & Company, Fender Musical Instruments, Gibson Brands, Harman International, KORG Inc, Roland Corporation Sennheiser electronic GmbH & Co. KG, Shure Incorporated, Inc., and Yamaha Corporation.
KEY BENEFITS FOR STAKEHOLDERS
- This study includes the analytical depiction of the global professional audio equipment market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities in the professional audio equipment market.
- The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Product
- Mixers
- Interfaces
- Network Switches
- Processors
- Power Amplifiers
- Speakers
- PA Systems
- DAW Systems
- Headphones
By Type
- Wired
- Wireless
By Distribution Channel
- Online
- Offline
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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