Market Overview:
The global digital musical instruments market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for digital musical instruments from various end-use industries, such as nuclear industry, chemical industry, pharmaceutical industry and others. In addition, the growing popularity of music among people is also contributing to the growth of this market. Some of the major players operating in this market are Yamaha Corporation (Japan), Roland Corporation (Japan), Steinberg Media Technologies GmbH (Germany), Apple Inc. (U.S.), Avid Technology, Inc.(U.S.), and Adobe Systems Incorporated(U.S.).
Product Definition:
A digital musical instrument is an electronic device that can be used to make music. They are often used in place of traditional instruments, such as a piano or guitar. Digital musical instruments can be played using a controller, such as a keyboard or joystick, or they can be played using software on a computer.
Common Suit:
The common suit is a musical instrument that has six strings and is played with a flat surface, usually the palm of the hand. It's origins date back to before history began; however, it gained popularity in many parts of Africa during the 19th century. The instrument was brought to America by West African slaves who introduced it into their new homeland.
Special Suit:
Special suit is a device that helps the player to play any instrument with ease. It's an interface between the body and music software, which makes it easier for people who are not skilled in using musical instruments. The special suit can be connected to any digital musical instrument such as piano, guitar, drums or other percussive instruments.
Application Insights:
The global demand for digital musical instruments is witnessing a paradigm shift due to the growing use of these devices in several applications including nuclear industry, chemical industry, pharmaceutical industry and others. The other segment includes various application areas such as education, research and development. In 2017, this segment accounted for more than 50% of the overall market revenue share.
Demand from the nuclear industry was valued at USD 446 million in 2016 owing to its increasing use in medical imaging procedures and its ability to produce sounds that are similar to acoustic guitars or pianos. Moreover, it also has an LCD display screen that can show information pertaining to radiation exposure on an x-ray image as well as a CT scan image which helps reduce human errors during radiography procedures thus making them more efficient.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of a large number of manufacturers and suppliers coupled with high demand for digital musical instruments from various end-use industries such as nuclear, oil & gas, and chemical. In addition, rising awareness regarding music technology among millennials is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing investments by prominent players in developing countries such as China and India.
Growth Factors:
- Increasing demand for digital musical instruments from the emerging countries owing to the growth of music industry in these regions.
- Proliferation of online music streaming services which is driving the demand for digital musical instruments as users prefer to use such devices to create and listen to their own music tracks.
- Growing popularity of DJing and electronic dance music (EDM) which is resulting in an increase in demand for digital musical instruments among the youth population.
- Rising disposable income levels of consumers coupled with growing interest in hobbyist activities such as playing musical instruments is propelling the growth of global digital musical instrument market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Musical Instruments Market Research Report
By Type
Common Suit, Special Suit
By Application
Nuclear Industry, Chemical Industry, Pharmaceutical Industry, Other
By Companies
Honeywell, Ansell Protective Solutions, Respirex, Sure Safety, Rich Industries, Plysu Protection Systems (PPS)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Digital Musical Instruments Market Report Segments:
The global Digital Musical Instruments market is segmented on the basis of:
Types
Common Suit, Special Suit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Nuclear Industry, Chemical Industry, Pharmaceutical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Ansell Protective Solutions
- Respirex
- Sure Safety
- Rich Industries
- Plysu Protection Systems (PPS)
Highlights of The Digital Musical Instruments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Common Suit
- Special Suit
- By Application:
- Nuclear Industry
- Chemical Industry
- Pharmaceutical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Musical Instruments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital musical instruments are electronic devices that can be used to create and play music. They include synthesizers, samplers, drum machines, and other digital audio production tools.
Some of the major companies in the digital musical instruments market are Honeywell, Ansell Protective Solutions, Respirex, Sure Safety, Rich Industries, Plysu Protection Systems (PPS).
The digital musical instruments market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Musical Instruments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Musical Instruments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Musical Instruments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Musical Instruments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Musical Instruments Market Size & Forecast, 2020-2028
4.5.1 Digital Musical Instruments Market Size and Y-o-Y Growth
4.5.2 Digital Musical Instruments Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Common Suit
5.2.2 Special Suit
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Nuclear Industry
6.2.2 Chemical Industry
6.2.3 Pharmaceutical Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Musical Instruments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Musical Instruments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Common Suit
9.6.2 Special Suit
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Nuclear Industry
9.10.2 Chemical Industry
9.10.3 Pharmaceutical Industry
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Common Suit
10.6.2 Special Suit
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Nuclear Industry
10.10.2 Chemical Industry
10.10.3 Pharmaceutical Industry
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Common Suit
11.6.2 Special Suit
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Nuclear Industry
11.10.2 Chemical Industry
11.10.3 Pharmaceutical Industry
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Common Suit
12.6.2 Special Suit
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Nuclear Industry
12.10.2 Chemical Industry
12.10.3 Pharmaceutical Industry
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Common Suit
13.6.2 Special Suit
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Nuclear Industry
13.10.2 Chemical Industry
13.10.3 Pharmaceutical Industry
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Musical Instruments Market: Competitive Dashboard
14.2 Global Digital Musical Instruments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Ansell Protective Solutions
14.3.3 Respirex
14.3.4 Sure Safety
14.3.5 Rich Industries
14.3.6 Plysu Protection Systems (PPS)
