Market Overview:
The global smart pianos and guitars market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart pianos and guitars from family users and commercial users. In addition, the growing adoption of digital technologies in music education is also contributing to the growth of this market. North America dominates the global smart pianos and guitars market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
A Smart Piano or Guitar is a digital instrument that has been enhanced with features that make it easier to learn and play. They can be used to teach beginners how to play music, or as a tool for experienced musicians to improve their skills.
Smart Pianos:
Smart pianos are electronic keyboards that provide the feel and sound of an acoustic piano. They can play popular songs, along with some classical music too. The instrument has been in demand since the last few decades owing to its ability to imitate a wide range of instruments including piano, harpsichord, and pipe organ. It is also used by students learning musical instruments as it provides all the necessary features of an actual piano including keys, pedals, and strings at a fraction of cost.
Smart Guitars:
Smart guitars are also known as interactive or intelligent guitars. They are a combination of traditional electric guitar and an electronic instrument with the use of software, hardware or both to produce musical sounds. The modern-day intelligent guitar has many innovative features that make it more compatible with the conventional playing style while providing added benefits such as learning ability for players who want to learn how to play along with recorded songs from a CD, MP3 player or other media device without any musical knowledge.
Application Insights:
The commercial use segment dominated the global smart pianos and guitars market in 2017. The growth of this segment can be attributed to the increasing number of live performances and studio recordings by famous musicians. Moreover, rising demand for electric guitar for rock music as well as country music is expected to drive the product demand in this segment over the forecast period.
The family use accounted for a significant share in 2017 owing to growing awareness about musical instruments among parents who wanted their children to develop interest in playing an instrument but were hesitant due to lack of knowledge related benefits such as improved hand eye coordination, concentration and creativity. Furthermore, introduction of smart products has helped parents get more involved with their children¢â‚¬â„¢s education regarding musical instruments which is further anticipated to propel market growth over next eight years or so.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing penetration of smart pianos and guitars in countries such as U.S., Canada, and Mexico owing to growing popularity of music streaming services such as Spotify, Apple Music, Deezer, Pandora Radio among others has created a huge demand for these instruments across this region.
Asia Pacific is expected witness lucrative CAGR over the forecast period owing their developing economies including China.
Growth Factors:
- Increasing demand for smart pianos and guitars from the music education sector
- Rising popularity of e-commerce platforms for purchasing musical instruments
- Proliferation of online music tutorials and learning resources
- Growing number of amateur musicians and hobbyists
- Advances in digital technology and artificial intelligence that facilitate the development of smarter pianos and guitars
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Pianos and Guitars Market Research Report
By Type
Smart Pianos, Smart Guitars
By Application
Family Use, Commercial Use
By Companies
The ONE Music Group, Kurv Music, Phonotonic, Yamaha Corporation, Zivix (Jamstik), Artiphon, Music Cat, Guitar Geeks, HyVibe, Carod Piano
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Smart Pianos and Guitars Market Report Segments:
The global Smart Pianos and Guitars market is segmented on the basis of:
Types
Smart Pianos, Smart Guitars
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
Family Use, Commercial Use
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:
- The ONE Music Group
- Kurv Music
- Phonotonic
- Yamaha Corporation
- Zivix (Jamstik)
- Artiphon
- Music Cat
- Guitar Geeks
- HyVibe
- Carod Piano
Highlights of The Smart Pianos and Guitars 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:
- Smart Pianos
- Smart Guitars
- By Application:
- Family Use
- Commercial Use
- 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 Smart Pianos and Guitars 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?
Smart pianos and guitars are digital instruments that use sensors to detect how the player is playing, and then sends appropriate tones to the instrument. This allows for a more interactive experience between the player and the instrument, as well as a more accurate performance.
Some of the major players in the smart pianos and guitars market are The ONE Music Group, Kurv Music, Phonotonic, Yamaha Corporation, Zivix (Jamstik), Artiphon, Music Cat, Guitar Geeks, HyVibe, Carod Piano.
The smart pianos and guitars market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Pianos and Guitars 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 Smart Pianos and Guitars Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Pianos and Guitars 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 Smart Pianos and Guitars 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 Smart Pianos and Guitars Market Size & Forecast, 2020-2028
4.5.1 Smart Pianos and Guitars Market Size and Y-o-Y Growth
4.5.2 Smart Pianos and Guitars 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 Smart Pianos
5.2.2 Smart Guitars
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 Family Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Pianos and Guitars 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 Smart Pianos and Guitars 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 Smart Pianos
9.6.2 Smart Guitars
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 Family Use
9.10.2 Commercial Use
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 Smart Pianos
10.6.2 Smart Guitars
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 Family Use
10.10.2 Commercial Use
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 Smart Pianos
11.6.2 Smart Guitars
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 Family Use
11.10.2 Commercial Use
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 Smart Pianos
12.6.2 Smart Guitars
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 Family Use
12.10.2 Commercial Use
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 Smart Pianos
13.6.2 Smart Guitars
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 Family Use
13.10.2 Commercial Use
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 Smart Pianos and Guitars Market: Competitive Dashboard
14.2 Global Smart Pianos and Guitars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The ONE Music Group
14.3.2 Kurv Music
14.3.3 Phonotonic
14.3.4 Yamaha Corporation
14.3.5 Zivix (Jamstik)
14.3.6 Artiphon
14.3.7 Music Cat
14.3.8 Guitar Geeks
14.3.9 HyVibe
14.3.10 Carod Piano
