Market Overview:
The global sound reinforcement system 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 reinforcement systems from various end-use applications, such as corporate, large venues and events, educational institutions, government organizations, studio and broadcasting, hospitals and others. Additionally, the growing trend of using digital sound reinforcement systems is also contributing to the growth of this market.
Product Definition:
A sound reinforcement system (SRS) is an electronic device or system that uses audio amplification to increase the volume of spoken or musical performances. In public address (PA) systems, the term "sound reinforcement" refers to the enhancement of vocal and instrumental sounds from a PA system's loudspeakers for better audibility over distances or in large venues.
The main purpose of a sound reinforcement system is to provide clear, intelligible sound to an audience. This can be done through increasing the volume of sound output, ensuring that enough power is delivered to each loudspeaker so that it can be heard clearly over distance, and by using directional microphones and speaker placement techniques so that unwanted noise sources are minimized.
Digital:
Digital is a technology that involves the conversion of analog signals to digital signals and back again. The process is done in two steps, namely sampling and then quantization. Sampling means taking a continuous stream of audio signal and converting it into discrete values so that they can be stored on computer or hard drive for further use. Quantization converts those values back into an audio signal when needed.
Analog:
Analog sound reinforcement systems are used in public spaces such as shopping malls, airports, and sports stadiums. They amplify sounds from various sources and transmit the amplified sound to the desired destination using speaker enclosures. Analog systems use continuous variable-frequency drives (CVF) or torque motors for power amplification. CVF provides high audio quality at low volume levels while torque offers high volume with low audio quality characteristics.
Application Insights:
The corporate application segment accounted for the largest share of more than 40.0% in 2017. The use of sound reinforcement systems at corporate events, large-scale venues and live concerts is expected to drive the demand over the forecast period. Corporate events include board meetings, product launches, family gatherings, social occasions and business meetings held at various locations around the world. Sound reinforcement system vendors are increasingly offering mobile solutions to cater to this demand as well as meet evolving customer requirements efficiently and effectively across a wide range of applications including live shows & performances, recording studios & mastering facilities among others.
The educational institutions application segment is expected to witness significant growth over the forecast period owing to rising investments in developing countries such as China India Japan Latin America Africa Brazil etc., which have been contributing significantly towards regional economies through foreign direct investments FDI).
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to several factors such as increasing number of live concerts, sporting events, and corporate conferences in U.S., Canada, and Mexico; rising adoption of technologies such as DRS; growing trend for home entertainment systems; and expansion & renovation activities at existing sound reinforcement system providers’ facilities. Moreover, presence of a large number of manufacturers coupled with high disposable income is expected to drive demand over the forecast period.
Growth Factors:
- Increasing demand for live music concerts and events
- Growing number of small and medium-sized venues
- Proliferation of portable sound reinforcement systems
- Rising popularity of karaoke bars and clubs
- Advent of digital audio technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Sound Reinforcement System Market Research Report
By Type
Digital, Analog
By Application
Corporate, Large venues & Events, Educational Institutions, Government, Studio & Broadcasting, Hospital, Others
By Companies
Audio-Technica, Bose, HARMAN, MUSIC Group, SENNHEISER, SHURE, Sony, Yamaha, CODA Audio, Audix Microphone
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Sound Reinforcement System Market Report Segments:
The global Sound Reinforcement System market is segmented on the basis of:
Types
Digital, Analog
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
Corporate, Large venues & Events, Educational Institutions, Government, Studio & Broadcasting, Hospital, Others
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:
- Audio-Technica
- Bose
- HARMAN
- MUSIC Group
- SENNHEISER
- SHURE
- Sony
- Yamaha
- CODA Audio
- Audix Microphone
Highlights of The Sound Reinforcement 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:
- Digital
- Analog
- By Application:
- Corporate
- Large venues & Events
- Educational Institutions
- Government
- Studio & Broadcasting
- Hospital
- Others
- 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 Reinforcement 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
- 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?
A sound reinforcement system (SRS) is a collection of audio equipment used to amplify sound in a live performance or recording.
Some of the major companies in the sound reinforcement system market are Audio-Technica, Bose, HARMAN, MUSIC Group, SENNHEISER, SHURE, Sony, Yamaha, CODA Audio, Audix Microphone.
The sound reinforcement system market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sound Reinforcement System 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 Reinforcement System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sound Reinforcement System Market - Supply Chain
4.5. Global Sound Reinforcement System Market Forecast
4.5.1. Sound Reinforcement System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sound Reinforcement System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sound Reinforcement System Market Absolute $ Opportunity
5. Global Sound Reinforcement System 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 Reinforcement System Market Size and Volume Forecast by Type
5.3.1. Digital
5.3.2. Analog
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sound Reinforcement System 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 Reinforcement System Market Size and Volume Forecast by Application
6.3.1. Corporate
6.3.2. Large venues & Events
6.3.3. Educational Institutions
6.3.4. Government
6.3.5. Studio & Broadcasting
6.3.6. Hospital
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sound Reinforcement System 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 Reinforcement System 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 Reinforcement System 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 Reinforcement System 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 Reinforcement System Demand Share Forecast, 2019-2026
9. North America Sound Reinforcement System 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 Reinforcement System 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 Reinforcement System Market Size and Volume Forecast by Application
9.4.1. Corporate
9.4.2. Large venues & Events
9.4.3. Educational Institutions
9.4.4. Government
9.4.5. Studio & Broadcasting
9.4.6. Hospital
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sound Reinforcement System Market Size and Volume Forecast by Type
9.7.1. Digital
9.7.2. Analog
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 Reinforcement System Demand Share Forecast, 2019-2026
10. Latin America Sound Reinforcement System 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 Reinforcement System 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 Reinforcement System Market Size and Volume Forecast by Application
10.4.1. Corporate
10.4.2. Large venues & Events
10.4.3. Educational Institutions
10.4.4. Government
10.4.5. Studio & Broadcasting
10.4.6. Hospital
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sound Reinforcement System Market Size and Volume Forecast by Type
10.7.1. Digital
10.7.2. Analog
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 Reinforcement System Demand Share Forecast, 2019-2026
11. Europe Sound Reinforcement System 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 Reinforcement System 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 Reinforcement System Market Size and Volume Forecast by Application
11.4.1. Corporate
11.4.2. Large venues & Events
11.4.3. Educational Institutions
11.4.4. Government
11.4.5. Studio & Broadcasting
11.4.6. Hospital
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sound Reinforcement System Market Size and Volume Forecast by Type
11.7.1. Digital
11.7.2. Analog
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections 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 Reinforcement System Demand Share, 2019-2026
12. Asia Pacific Sound Reinforcement System 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 Reinforcement System 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 Reinforcement System Market Size and Volume Forecast by Application
12.4.1. Corporate
12.4.2. Large venues & Events
12.4.3. Educational Institutions
12.4.4. Government
12.4.5. Studio & Broadcasting
12.4.6. Hospital
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sound Reinforcement System Market Size and Volume Forecast by Type
12.7.1. Digital
12.7.2. Analog
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 Reinforcement System Demand Share, 2019-2026
13. Middle East & Africa Sound Reinforcement System 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 Reinforcement System 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 Reinforcement System Market Size and Volume Forecast by Application
13.4.1. Corporate
13.4.2. Large venues & Events
13.4.3. Educational Institutions
13.4.4. Government
13.4.5. Studio & Broadcasting
13.4.6. Hospital
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sound Reinforcement System Market Size and Volume Forecast by Type
13.7.1. Digital
13.7.2. Analog
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 Reinforcement System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sound Reinforcement System Market: Market Share Analysis
14.2. Sound Reinforcement System Distributors and Customers
14.3. Sound Reinforcement System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Audio-Technica
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bose
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HARMAN
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MUSIC Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SENNHEISER
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SHURE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sony
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Yamaha
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CODA Audio
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Audix Microphone
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
