Market Overview:
The global studio monitor speaker 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 studio monitor speakers from the household and commercial applications. In addition, the growing trend of home-theater systems is also contributing to the growth of this market. Some of the major players operating in this market are JBL (US), Yamaha Corporation (Japan), KRK Systems, LLC.(US), Bose Corporation (US) and Harman International Industries, Incorporated (US).
Product Definition:
Studio Monitor Speaker is a loudspeaker that is designed for professional audio production applications, such as recording studios, film and video post-production facilities, radio and television broadcasting studios.
Active Speakers:
Active speakers are powered monitors that have a separate amplifier and speaker driver unit. They can be connected to an audio source like a mixing board or computer, they can also be used as monitor speakers for recording purposes. The first commercial active speaker was launched in the year 2000 by B&W, it was called “Dog” and had two 8-inch drivers with 1,000 watts peak power RMS (root mean square) at 2 Ohms.
Passive Speakers:
Passive speakers are used to produce sound from audio sources like records, tapes and CDs. They do not have an amplifier or a power cord; instead, they rely on the electrical signal coming from the audio source to create the sound. The type of speaker is determined by its placement in a system - near-field or far-field passive speakers.
Application Insights:
The commercial segment dominated the global studio monitor speaker market in 2017 and is expected to maintain its dominance over the forecast period. The growth of this segment can be attributed to an increase in the number of recording and mixing studios across various regions, especially in countries such as India, China and South Korea. Moreover, demand for high-quality speakers with enhanced features is also driving the product demand. For instance, Harman International Industries Inc., a manufacturer of audio products, has introduced a new line of studio monitors under its JBL Professional series called Pro Studio Monitor Series that are designed specifically for music production applications.
Household application was estimated as largest end-use segment in 2017 owing to increasing adoption rate among consumers desiring better sound experience at home or while watching movies on TV sets or computers.
Regional Analysis:
The Asia Pacific region dominated the global studio monitor speaker market in 2017. This is attributed to the increasing number of live concerts and rising popularity of music in this region. The growing number of recording studios, especially in developing countries such as India and China, is also expected to drive demand for these speakers over the forecast period. Moreover, rising expenditure on soundproofing measures by consumers due to noise pollution concerns will augment regional growth further.
North America accounted for a significant share owing to high demand from residential applications driven by easy installation process coupled with consumer preference towards technologically advanced products that enable maximum audio output with minimum effort required (active speakers). Furthermore, presence of key players such as Definitive Technology Incorporated; Paradigm Sound Corporation; PSB Speakers Corp.; Monitor Audio Group Pte Ltd.; and Wharfedale loudspeaker companies are anticipated to boost regional growth over the forecast period.
Growth Factors:
- Increasing demand for high-quality audio content: With the increasing demand for high-quality audio content, there is a corresponding increase in the demand for studio monitor speakers.
- Proliferation of home studios: A large number of people are now setting up their own home studios, which is driving the growth of the studio monitor speaker market.
- Rising popularity of live streaming: The popularity of live streaming is resulting in an increased demand for studio monitor speakers that can provide excellent sound quality.
- Advances in technology: The advances in technology are helping to drive down the cost of studio monitor speakers, making them more affordable to a wider audience.
Scope Of The Report
Report Attributes
Report Details
Report Title
Studio Monitor Speaker Market Research Report
By Type
Active Speakers, Passive Speakers
By Application
Household, Commercial
By Companies
Harman International Industries, Georg Neumann, Adam Audio, Yamaha, KRK, M-Audio, Pioneer, Auratone, Genelec, Behringer, Dynaudio
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Studio Monitor Speaker Market Report Segments:
The global Studio Monitor Speaker market is segmented on the basis of:
Types
Active Speakers, Passive Speakers
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
Household, Commercial
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:
- Harman International Industries
- Georg Neumann
- Adam Audio
- Yamaha
- KRK
- M-Audio
- Pioneer
- Auratone
- Genelec
- Behringer
- Dynaudio
Highlights of The Studio Monitor Speaker 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:
- Active Speakers
- Passive Speakers
- By Application:
- Household
- Commercial
- 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 Studio Monitor Speaker 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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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?
Studio monitor speaker is a type of loudspeaker used in recording studios and other audio-visual venues. They are designed to provide high-quality sound reproduction for monitoring purposes, as well as to be placed near the performers or microphones so that their output can be monitored easily.
Some of the major players in the studio monitor speaker market are Harman International Industries, Georg Neumann, Adam Audio, Yamaha, KRK, M-Audio, Pioneer, Auratone, Genelec, Behringer, Dynaudio.
The studio monitor speaker 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 Studio Monitor Speaker 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 Studio Monitor Speaker Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Studio Monitor Speaker 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 Studio Monitor Speaker 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 Studio Monitor Speaker Market Size & Forecast, 2020-2028
4.5.1 Studio Monitor Speaker Market Size and Y-o-Y Growth
4.5.2 Studio Monitor Speaker 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 Active Speakers
5.2.2 Passive Speakers
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 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Studio Monitor Speaker 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 Studio Monitor Speaker 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 Active Speakers
9.6.2 Passive Speakers
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 Household
9.10.2 Commercial
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 Active Speakers
10.6.2 Passive Speakers
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 Household
10.10.2 Commercial
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 Active Speakers
11.6.2 Passive Speakers
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 Household
11.10.2 Commercial
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 Active Speakers
12.6.2 Passive Speakers
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 Household
12.10.2 Commercial
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 Active Speakers
13.6.2 Passive Speakers
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 Household
13.10.2 Commercial
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 Studio Monitor Speaker Market: Competitive Dashboard
14.2 Global Studio Monitor Speaker Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Harman International Industries
14.3.2 Georg Neumann
14.3.3 Adam Audio
14.3.4 Yamaha
14.3.5 KRK
14.3.6 M-Audio
14.3.7 Pioneer
14.3.8 Auratone
14.3.9 Genelec
14.3.10 Behringer
14.3.11 Dynaudio
