Market Overview:
The global pro audio system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for pro audio systems from the consumer segment and rising demand for conference systems in the corporate sector. In terms of type, the wireless microphones segment is expected to witness highest growth during the forecast period, followed by mixers and conference systems segments. The Asia Pacific region is expected to be fastest growing region in terms of revenue during the forecast period.
Product Definition:
A pro audio system is a collection of sound equipment used by professional audio engineers to create, control, and monitor sound. It usually consists of a mixing console, amplifiers, loudspeakers, and digital effects processors. The importance of pro audio systems is that they allow professionals to create high-quality sound for live performances or recordings.
Wireless Microphones:
Microphones are devices that convert sound waves into electrical signals. They work by picking up the vibrations of the speech and converting them into an electric current. The electric current is then amplified and sent to a loudspeaker or recording device to produce sounds for us to hear.
Mixers:
Mixers are an important part of audio system. It is a device that combines two or more signals together and produces combined output. The most common application of mixers is in sound reinforcement systems, where it is used to combine the audio from different sources (such as microphones and instruments) into single output channel. In addition, they are also used in recording studios to generate multiple tracks with different volumes and tones by combining inputs from microphone channels or instrumentation feeds.
Application Insights:
The consumer application segment accounted for the largest market share of over 60% in 2017. The growth can be attributed to the increasing use of audio systems in consumer electronics, automobiles and appliances such as smart home devices and wearable technology. Audio equipment is also used by consumers for their daily commute, office work or study at home. Growing demand for wireless headphones among consumers is expected to drive the demand further.
The pro audio application segment is anticipated to expand at a CAGR of XX% from 2018 to 2030 owing to an increase in live sound applications across various industries including music, theater and events among others.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing demand for high-quality audio systems from various application segments, such as corporate events and live concerts. Europe accounted for a significant share of the overall revenue in 2017 due to rising adoption of pro audio equipment by music artists and bands across countries like Germany, France, Italy, Spain and U.K.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to presence of developing countries like India China Japan Australia New Zealand South Korea Singapore Thailand etc.
Growth Factors:
- Increasing demand for Pro Audio Systems in the live sound and recording applications
- Rising popularity of music festivals and concerts, which is boosting the demand for Pro Audio Systems
- Growing number of nightclubs and pubs that are using Pro Audio Systems to enhance the ambiance
- Proliferation of digital audio workstations (DAWs) that are driving the need for better quality Pro Audio Systems
- Increasing adoption of pro audio systems in educational institutions to teach music students
Scope Of The Report
Report Attributes
Report Details
Report Title
Pro Audio System Market Research Report
By Type
Wireless Microphones, Mixers, Conference System, Wired Microphones, Ceiling Array Microphones, Content Creation Microphones
By Application
Consumer, Pro Audio
By Companies
Sennheiser, Yamaha, Audio-Tehcnica, Shure, AKG, Blue, Lewitt Audio, Sony, Takstar, MIPRO, Sennheiser, TOA, Wisycom, Beyerdynamic, Lectrosonic, Line6, Audix, DPA, Rode, Shoeps, Electro Voice, Telefunken, Clock Audio, Biamp, Symetrix, QSC, Polycom, Extron, Crestron, BSS
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Pro Audio System Market Report Segments:
The global Pro Audio System market is segmented on the basis of:
Types
Wireless Microphones, Mixers, Conference System, Wired Microphones, Ceiling Array Microphones, Content Creation Microphones
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
Consumer, Pro Audio
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:
- Sennheiser
- Yamaha
- Audio-Tehcnica
- Shure
- AKG
- Blue
- Lewitt Audio
- Sony
- Takstar
- MIPRO
- Sennheiser
- TOA
- Wisycom
- Beyerdynamic
- Lectrosonic
- Line6
- Audix
- DPA
- Rode
- Shoeps
- Electro Voice
- Telefunken
- Clock Audio
- Biamp
- Symetrix
- QSC
- Polycom
- Extron
- Crestron
- BSS
Highlights of The Pro Audio System 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:
- Wireless Microphones
- Mixers
- Conference System
- Wired Microphones
- Ceiling Array Microphones
- Content Creation Microphones
- By Application:
- Consumer
- Pro Audio
- 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 Pro Audio System 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
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- Product & Brand Management
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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 pro audio system is a collection of audio equipment that is used to produce sound for live performances, recording studios, or multimedia presentations. It can include such items as microphones, speakers, mixers, amplifiers and effects processors.
Some of the key players operating in the pro audio system market are Sennheiser, Yamaha, Audio-Tehcnica, Shure, AKG, Blue, Lewitt Audio, Sony, Takstar, MIPRO, Sennheiser, TOA, Wisycom, Beyerdynamic, Lectrosonic, Line6, Audix, DPA, Rode, Shoeps, Electro Voice, Telefunken, Clock Audio, Biamp, Symetrix, QSC, Polycom, Extron, Crestron, BSS.
The pro audio system 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 Pro Audio System 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 Pro Audio System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pro Audio System 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 Pro Audio System 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 Pro Audio System Market Size & Forecast, 2018-2028
4.5.1 Pro Audio System Market Size and Y-o-Y Growth
4.5.2 Pro Audio System Market Absolute $ Opportunity
Chapter 5 Global Pro Audio System 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 Pro Audio System Market Size Forecast by Type
5.2.1 Wireless Microphones
5.2.2 Mixers
5.2.3 Conference System
5.2.4 Wired Microphones
5.2.5 Ceiling Array Microphones
5.2.6 Content Creation Microphones
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pro Audio System 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 Pro Audio System Market Size Forecast by Applications
6.2.1 Consumer
6.2.2 Pro Audio
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pro Audio System 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 Pro Audio System 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 Pro Audio System Analysis and Forecast
9.1 Introduction
9.2 North America Pro Audio System 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 Pro Audio System Market Size Forecast by Type
9.6.1 Wireless Microphones
9.6.2 Mixers
9.6.3 Conference System
9.6.4 Wired Microphones
9.6.5 Ceiling Array Microphones
9.6.6 Content Creation Microphones
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 Pro Audio System Market Size Forecast by Applications
9.10.1 Consumer
9.10.2 Pro Audio
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 Pro Audio System Analysis and Forecast
10.1 Introduction
10.2 Europe Pro Audio System 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 Pro Audio System Market Size Forecast by Type
10.6.1 Wireless Microphones
10.6.2 Mixers
10.6.3 Conference System
10.6.4 Wired Microphones
10.6.5 Ceiling Array Microphones
10.6.6 Content Creation Microphones
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 Pro Audio System Market Size Forecast by Applications
10.10.1 Consumer
10.10.2 Pro Audio
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 Pro Audio System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pro Audio System 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 Pro Audio System Market Size Forecast by Type
11.6.1 Wireless Microphones
11.6.2 Mixers
11.6.3 Conference System
11.6.4 Wired Microphones
11.6.5 Ceiling Array Microphones
11.6.6 Content Creation Microphones
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 Pro Audio System Market Size Forecast by Applications
11.10.1 Consumer
11.10.2 Pro Audio
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 Pro Audio System Analysis and Forecast
12.1 Introduction
12.2 Latin America Pro Audio System 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 Pro Audio System Market Size Forecast by Type
12.6.1 Wireless Microphones
12.6.2 Mixers
12.6.3 Conference System
12.6.4 Wired Microphones
12.6.5 Ceiling Array Microphones
12.6.6 Content Creation Microphones
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 Pro Audio System Market Size Forecast by Applications
12.10.1 Consumer
12.10.2 Pro Audio
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) Pro Audio System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pro Audio System 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) Pro Audio System Market Size Forecast by Type
13.6.1 Wireless Microphones
13.6.2 Mixers
13.6.3 Conference System
13.6.4 Wired Microphones
13.6.5 Ceiling Array Microphones
13.6.6 Content Creation Microphones
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) Pro Audio System Market Size Forecast by Applications
13.10.1 Consumer
13.10.2 Pro Audio
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 Pro Audio System Market: Competitive Dashboard
14.2 Global Pro Audio System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sennheiser
14.3.2 Yamaha
14.3.3 Audio-Tehcnica
14.3.4 Shure
14.3.5 AKG
14.3.6 Blue
14.3.7 Lewitt Audio
14.3.8 Sony
14.3.9 Takstar
14.3.10 MIPRO
14.3.11 Sennheiser
14.3.12 TOA
14.3.13 Wisycom
14.3.14 Beyerdynamic
14.3.15 Lectrosonic
14.3.16 Line6
14.3.17 Audix
14.3.18 DPA
14.3.19 Rode
14.3.20 Shoeps
14.3.21 Electro Voice
14.3.22 Telefunken
14.3.23 Clock Audio
14.3.24 Biamp
14.3.25 Symetrix
14.3.26 QSC
14.3.27 Polycom
14.3.28 Extron
14.3.29 Crestron
14.3.30 BSS
