Market Overview:
The global sound equipment 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 sound equipment from the consumer and pro audio applications. 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. Region-wise, North America is expected to lead the global sound equipment market in terms of revenue during 2018-2030.
Product Definition:
Sound equipment is any device that is used to create or modify sound. This includes microphones, speakers, amplifiers, and recording devices. Sound equipment can be used for a variety of purposes, including live performances, recordings, and speech amplification.
Wireless Microphones:
Wireless microphones can be used for sound recording and they are independent of any wired connection. They consist of a capsule or diaphragm that is suspended by a coil antenna, which generates an electrical current when the microphone is operated. The electrical energy produced can be transmitted through the air using radio frequency (RF) waves or it can be stored in a battery for later use.
Mixers:
A mixer is an electronic device that combines multiple audio signals and allows the user to control the volume of each channel. The most common types of mixers used in sound equipment are 2-channel, 3-channel, and 4-channel mixers. Mixing boards consist of channels for inputting different audio signals as well as outputting the final mixed signal.
Application Insights:
The consumer application segment accounted for the largest share of over 70.0% in 2017. The growth can be attributed to the increasing use of smartphones and other audio devices at social media marketing, business meetings, political gatherings, and other similar events. Furthermore Sound System Manufacturers are focusing on providing wireless microphones with features such as noise cancellation technology that enables clear sound in a noisy environment along with a long range transmission capability for better sound quality experience. These factors are expected to drive demand over the forecast period.
The pro audio application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to an increase in live performance applications including DJing & MCing where wired microphones.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 5.6% over the forecast period, owing to increasing demand for high-quality sound equipment from live concerts and sports events. Furthermore, rising number of music festivals across U.S.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to growing trend of corporate events and celebrations among people in countries such as China, India, Australia and New Zealand (CINZ).
Growth Factors:
- Increasing demand for live music concerts and events
- Growing popularity of music streaming services
- Proliferation of portable audio devices
- Rising number of sound recording studios and production houses
- Emergence of new audio technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Sound Equipment Market Research Report
By Type
Wireless Microphones, Mixers, Conference System, Wired Microphones
By Application
Consumer, Pro Audio
By Companies
Bose, Harman, Philips, Apple, Vizio, Sennheiser, Yamaha, Audio-Tehcnica, Shure, AKG, Logitech, Lewitt Audio, Sony, Takstar, MIPRO, TOA, Wisycom, Beyerdynamic, Lectrosonic, Line6, Audix, DPA, Electro Voice, Telefunken, Clock Audio
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Sound Equipment Market Report Segments:
The global Sound Equipment market is segmented on the basis of:
Types
Wireless Microphones, Mixers, Conference System, Wired 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:
- Bose
- Harman
- Philips
- Apple
- Vizio
- Sennheiser
- Yamaha
- Audio-Tehcnica
- Shure
- AKG
- Logitech
- Lewitt Audio
- Sony
- Takstar
- MIPRO
- TOA
- Wisycom
- Beyerdynamic
- Lectrosonic
- Line6
- Audix
- DPA
- Electro Voice
- Telefunken
- Clock Audio
Highlights of The Sound Equipment 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
- 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 Sound Equipment 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?
Sound equipment is any device used to produce sound. This can include microphones, speakers, and recording devices.
Some of the major companies in the sound equipment market are Bose, Harman, Philips, Apple, Vizio, Sennheiser, Yamaha, Audio-Tehcnica, Shure, AKG, Logitech, Lewitt Audio, Sony, Takstar, MIPRO, TOA, Wisycom, Beyerdynamic, Lectrosonic, Line6, Audix, DPA, Electro Voice, Telefunken, Clock Audio.
The sound equipment market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sound Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sound Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sound Equipment Market - Supply Chain
4.5. Global Sound Equipment Market Forecast
4.5.1. Sound Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sound Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sound Equipment Market Absolute $ Opportunity
5. Global Sound Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sound Equipment Market Size and Volume Forecast by Type
5.3.1. Wireless Microphones
5.3.2. Mixers
5.3.3. Conference System
5.3.4. Wired Microphones
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sound Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sound Equipment Market Size and Volume Forecast by Application
6.3.1. Consumer
6.3.2. Pro Audio
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sound Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sound Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sound Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sound Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sound Equipment Demand Share Forecast, 2019-2026
9. North America Sound Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sound Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sound Equipment Market Size and Volume Forecast by Application
9.4.1. Consumer
9.4.2. Pro Audio
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sound Equipment Market Size and Volume Forecast by Type
9.7.1. Wireless Microphones
9.7.2. Mixers
9.7.3. Conference System
9.7.4. Wired Microphones
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sound Equipment Demand Share Forecast, 2019-2026
10. Latin America Sound Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sound Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sound Equipment Market Size and Volume Forecast by Application
10.4.1. Consumer
10.4.2. Pro Audio
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sound Equipment Market Size and Volume Forecast by Type
10.7.1. Wireless Microphones
10.7.2. Mixers
10.7.3. Conference System
10.7.4. Wired Microphones
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sound Equipment Demand Share Forecast, 2019-2026
11. Europe Sound Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sound Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sound Equipment Market Size and Volume Forecast by Application
11.4.1. Consumer
11.4.2. Pro Audio
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sound Equipment Market Size and Volume Forecast by Type
11.7.1. Wireless Microphones
11.7.2. Mixers
11.7.3. Conference System
11.7.4. Wired Microphones
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Prjections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sound Equipment Demand Share, 2019-2026
12. Asia Pacific Sound Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sound Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sound Equipment Market Size and Volume Forecast by Application
12.4.1. Consumer
12.4.2. Pro Audio
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sound Equipment Market Size and Volume Forecast by Type
12.7.1. Wireless Microphones
12.7.2. Mixers
12.7.3. Conference System
12.7.4. Wired Microphones
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sound Equipment Demand Share, 2019-2026
13. Middle East & Africa Sound Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sound Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sound Equipment Market Size and Volume Forecast by Application
13.4.1. Consumer
13.4.2. Pro Audio
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sound Equipment Market Size and Volume Forecast by Type
13.7.1. Wireless Microphones
13.7.2. Mixers
13.7.3. Conference System
13.7.4. Wired Microphones
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sound Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sound Equipment Market: Market Share Analysis
14.2. Sound Equipment Distributors and Customers
14.3. Sound Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bose
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Harman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Philips
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Apple
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Vizio
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sennheiser
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yamaha
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Audio-Tehcnica
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shure
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AKG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Logitech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lewitt Audio
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sony
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Takstar
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MIPRO
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TOA
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Wisycom
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Beyerdynamic
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Lectrosonic
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Line6
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
