Portland, OR, March 14, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global professional audio equipment market was estimated at $17.5 billion in 2021 and is expected to hit $32.2 billion by 2031, registering a CAGR of 6.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/5461
Report Coverage and Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $17.5 billion |
| Market Size in 2031 | $32.2 billion |
| CAGR | 6.3% |
| No. of Pages in Report | 346 |
| Segments Covered | Product, Type, End User, and Region |
| Drivers | Increased expenditures on global festivals and music concerts |
| Surge in demand for HD and Ultra HD sound quality audio tracks | |
| Increased use of audio equipment in automobiles | |
| Opportunities | Increased investment in the creation of voice-enabled smart interactive gadgets |
| Restraints | Expensive, top-tier professional audio equipment |
COVID-19 Scenario:
- The pandemic led to a surge in the demand for professional audio equipment, including speakers, headphones, and microphones, due to the growing need for virtual meetings, remote work, and online events.
- As a result, the sales of high-quality audio devices for professionals experienced a significant increase as more people chose to work from home.
The report offers a detailed segmentation of the global professional audio equipment market based on product, type, end user, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Want to Access the Statistical Data & Graphs, and Key Players' Strategies: https://www.alliedmarketresearch.com/purchase-enquiry/5461
By product, the DAW systems segment contributed to nearly one-fifth of the global professional audio equipment market share in 2021. On the other hand, the microphones segment is projected to dominate the market in terms of revenue by 2031. The same segment would also display the fastest CAGR of 11.69% throughout the forecast period. The mixers, interfaces, network switches, processors, power amplifiers, speakers, PA systems, and headphones segments are also discussed in the report.
By type, the wireless segment held the largest share in 2021, garnering more than two-thirds of the global professional audio equipment market revenue and is projected to maintain its dominance by 2031. The same segment would also cite the fastest CAGR of 6.41% throughout the forecast period. Also, the wired segment is studied in the report.
By end user, the sound technicians segment accounted for the highest share in 2021, generating around one-fifth of the global professional audio equipment market revenue and is projected to rule the roost by 2031. However, the same segment would also portray the fastest CAGR of 8.43% during the forecast period. The other segments assessed through the report take in commercial, automotive, home entertainment, corporate event production and others.
By region, Asia-Pacific held the major share in 2021, garnering more than one-third of the global professional audio equipment market revenue and is projected to maintain its dominance by 2031. However, the same region would also showcase the fastest CAGR of 7.86% throughout the forecast period. The other provinces studied through the report include North America, Europe and LAMEA.
Get Detailed COVID-19 Impact Analysis on the Professional Audio Equipment Market: https://www.alliedmarketresearch.com/request-for-customization/5461?reqfor=covid
The key market players analyzed in the global professional audio equipment market report include Sennheiser electronic GmbH & Co. KG, Roland Corporation, Yamaha Corporation, Shure Incorporated, Sony Electronics Inc., Bose Corporation, PreSonus Audio Electronics, Behringer, Samsung Electronics Co Ltd, and Alpine Electronics. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
Key Benefits For Stakeholders:
- This report provides a quantitative analysis of the pro audio equipment market segments, current trends, estimations, and dynamics of the professional audio equipment market analysis from 2021 to 2031 to identify the prevailing professional audio equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pro audio equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Pro audio equipment Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global professional audio equipment market trends, key players, market segments, application areas, and market growth strategies.
Professional Audio Equipment Market Key Segments:
By Product:
- Mixers
- Interfaces
- Network Switches
- Processors
- Power Amplifiers
- Speakers
- PA Systems
- DAW Systems
- Headphones
- Microphones
By Type:
- Wired
- Wireless
By End User:
- Commercial
- Automotive
- Home Entertainment
- Sound Technicians
- Corporate Event Production
- Others
By Region:
- North America (U.S., Canada, and Mexico)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East and Africa)
Procure Complete Report (346 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3la0Mhu
Trending Reports in Semiconductor and Electronics Industry (Book Now with 10% Discount + COVID-19 Scenario):
Audio IC Market By IC Type (Audio Amplifier, Audio DSP, Audio Codecs, and Microphone IC) and Application (Computer & Tablets, Phones, Headphones, Home Entertainment Systems, Automotive, Smart Home & IoT Devices, and Wearables): Global Opportunity Analysis and Industry Forecast, 2020-2027
Audio CODEC Market By Function (With DSP and Without DSP) and End Use (Computer, Phone, Tablet, Over-Ear Headphone, TWS, Home Entertainment, Commercial, Automotive, Portable, Smart Home, IoT, Wearable, and AR/VR): Global Opportunity Analysis and Industry Forecast, 2020-2027
Audio DSP Market By Type (Discrete and Integrated) and End Use (Computer, Phones, Tablets, Over-Ear Headphones, TWS, Home Entertainment, Commercial, Automotive, Portable, Smart Home, IoT, Wearable, and AR/VR): Global Opportunity Analysis and Industry Forecast, 2020-2027
Class D Audio Amplifier Market By Amplifier Type (Mono-Channel, 2-Channel, 4-Channel, 6-Channel, and Others), Device (Television Sets, Home Audio Systems, Desktop & Laptops, Automotive Infotainment Systems, and Others), and End use (Automotive, Consumer Electronics, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
