Market Overview:
The global musical synthesizer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for synthesizers from music producers, amateurs, and other users across different regions. In addition, the growing trend of using hybrid synthesizers is also contributing to the growth of this market. Based on type, digital synthesizers are expected to account for a major share of the global musical synthesizer market during the forecast period. This can be attributed to their high flexibility and ability to create various sounds as compared with analog and hybrid synthesizers.
Product Definition:
A musical synthesizer is an electronic or digital device that can create arbitrary music tones, including pure tones and complex sounds, by controlling the synthesis of electric signals.
Digital Synthesizer:
Digital synthesizer is a music making machine which creates its own sounds using electronic circuits. It's major function is to make and receive audio signals. Digital Synthesizers are used in various applications such as sound effects, music composition, speech synthesis and artificial intelligence (AI). The digital synthesizer market has witnessed significant growth over the past few years owing to technological advancements in AI & robotics along with rising demand for virtual instruments.
Analog Synthesizer:
Analog synthesizer is a type of musical instrument that generates its own unique sound waveforms using various electronic circuits. It produces audio signals that are similar to those produced by the human voice when sung. These instruments were widely used in music studios and live performances before the advent of digital synthesizers, which can be programmed to generate specific notes and sounds.
Application Insights:
The music producer application segment accounted for the largest revenue share in 2017. The use of musical synthesizers by music producers to create unique sounds and songs is expected to drive the demand over the forecast period. Moreover, technological advancements such as incorporation of artificial intelligence into these devices will further boost their utility in producing soundtracks for films and videos.
Amateur musicians have also started using these devices to create new sounds and rhythms owing to easy user interface provided in modern musical synthesizers. Furthermore, manufacturers are introducing advanced features such as cloud-based technology that allows users across different platforms (PC/laptop, mobile) to access their data from anywhere via internet with a single account. This feature is likely to expand the scope of amateur musicianship across households globally over next few years.
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 musical instrument manufacturers and music schools. Moreover, rising popularity for live concerts by various popular bands is expected to drive regional demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption by amateur musicians as well as professional music producers across countries such as China, Japan, India and Australia. Furthermore, growing penetration of digital musical synthesizers due their affordability along with ease in use has contributed significantly towards regional market growth.
Europe also accounted for a significant revenue share owing to increased sales volume generated from key markets including Germany and U.K., where many leading brands have established their distribution centers or offices (see diagram below).
Growth Factors:
- Increasing demand for synthesizers in the music industry
- Growing popularity of electronic dance music (EDM)
- Proliferation of affordable synthesizers
- Advent of new synthesis technologies
- Rising interest in modular synthesizers
Scope Of The Report
Report Attributes
Report Details
Report Title
Musical Synthesizer Market Research Report
By Type
Digital Synthesizer, Analog Synthesizer, Hybrid Synthesizer
By Application
Music Producer, Amateur, Other
By Companies
Korg, Roland, Yamaha, Arturia, Behringer, Elektron, Sequential, Teenage Engineer, M-AUDIO, Akai, Korg, Studiologic, Ashun Sound Machines, Waldorf Music, Modor Music, Polyend, Moog, IK Multimedia
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Musical Synthesizer Market Report Segments:
The global Musical Synthesizer market is segmented on the basis of:
Types
Digital Synthesizer, Analog Synthesizer, Hybrid Synthesizer
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
Music Producer, Amateur, 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:
- Korg
- Roland
- Yamaha
- Arturia
- Behringer
- Elektron
- Sequential
- Teenage Engineer
- M-AUDIO
- Akai
- Korg
- Studiologic
- Ashun Sound Machines
- Waldorf Music
- Modor Music
- Polyend
- Moog
- IK Multimedia
Highlights of The Musical Synthesizer 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:
- Digital Synthesizer
- Analog Synthesizer
- Hybrid Synthesizer
- By Application:
- Music Producer
- Amateur
- 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 Musical Synthesizer 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.
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- Correctly Positioning New Products
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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?
A musical synthesizer is a device that can be used to create music. It uses algorithms to create sounds that are similar to those produced by real instruments.
Some of the major players in the musical synthesizer market are Korg, Roland, Yamaha, Arturia, Behringer, Elektron, Sequential, Teenage Engineer, M-AUDIO, Akai, Korg, Studiologic, Ashun Sound Machines, Waldorf Music, Modor Music, Polyend, Moog, IK Multimedia.
The musical synthesizer 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 Musical Synthesizer 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 Musical Synthesizer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Musical Synthesizer 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 Musical Synthesizer 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 Musical Synthesizer Market Size & Forecast, 2018-2028
4.5.1 Musical Synthesizer Market Size and Y-o-Y Growth
4.5.2 Musical Synthesizer Market Absolute $ Opportunity
Chapter 5 Global Musical Synthesizer 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 Musical Synthesizer Market Size Forecast by Type
5.2.1 Digital Synthesizer
5.2.2 Analog Synthesizer
5.2.3 Hybrid Synthesizer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Musical Synthesizer 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 Musical Synthesizer Market Size Forecast by Applications
6.2.1 Music Producer
6.2.2 Amateur
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Musical Synthesizer 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 Musical Synthesizer 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 Musical Synthesizer Analysis and Forecast
9.1 Introduction
9.2 North America Musical Synthesizer 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 Musical Synthesizer Market Size Forecast by Type
9.6.1 Digital Synthesizer
9.6.2 Analog Synthesizer
9.6.3 Hybrid Synthesizer
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 Musical Synthesizer Market Size Forecast by Applications
9.10.1 Music Producer
9.10.2 Amateur
9.10.3 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 Musical Synthesizer Analysis and Forecast
10.1 Introduction
10.2 Europe Musical Synthesizer 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 Musical Synthesizer Market Size Forecast by Type
10.6.1 Digital Synthesizer
10.6.2 Analog Synthesizer
10.6.3 Hybrid Synthesizer
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 Musical Synthesizer Market Size Forecast by Applications
10.10.1 Music Producer
10.10.2 Amateur
10.10.3 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 Musical Synthesizer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Musical Synthesizer 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 Musical Synthesizer Market Size Forecast by Type
11.6.1 Digital Synthesizer
11.6.2 Analog Synthesizer
11.6.3 Hybrid Synthesizer
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 Musical Synthesizer Market Size Forecast by Applications
11.10.1 Music Producer
11.10.2 Amateur
11.10.3 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 Musical Synthesizer Analysis and Forecast
12.1 Introduction
12.2 Latin America Musical Synthesizer 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 Musical Synthesizer Market Size Forecast by Type
12.6.1 Digital Synthesizer
12.6.2 Analog Synthesizer
12.6.3 Hybrid Synthesizer
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 Musical Synthesizer Market Size Forecast by Applications
12.10.1 Music Producer
12.10.2 Amateur
12.10.3 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) Musical Synthesizer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Musical Synthesizer 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) Musical Synthesizer Market Size Forecast by Type
13.6.1 Digital Synthesizer
13.6.2 Analog Synthesizer
13.6.3 Hybrid Synthesizer
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) Musical Synthesizer Market Size Forecast by Applications
13.10.1 Music Producer
13.10.2 Amateur
13.10.3 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 Musical Synthesizer Market: Competitive Dashboard
14.2 Global Musical Synthesizer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Korg
14.3.2 Roland
14.3.3 Yamaha
14.3.4 Arturia
14.3.5 Behringer
14.3.6 Elektron
14.3.7 Sequential
14.3.8 Teenage Engineer
14.3.9 M-AUDIO
14.3.10 Akai
14.3.11 Korg
14.3.12 Studiologic
14.3.13 Ashun Sound Machines
14.3.14 Waldorf Music
14.3.15 Modor Music
14.3.16 Polyend
14.3.17 Moog
14.3.18 IK Multimedia
