DUBLIN, January 18, 2022 /PRNewswire/ — The “Professional Loudspeaker Market – Global Outlook and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
The demand for professional loudspeaker equipment and solutions from various end-user markets has increased in countries such as China, Germany, Japan, and India due to booming commercial real estate, hospitality, corporate and music markets, a shift in consumer behavior towards live music concerts and exhibitions in developing countries.
The global professional speaker market is growing, with vendors such as Shure, Sennheiser, Audio-Technica, Bose, Harman, Sony, and Yamaha offering products for various vertical markets.
New start-ups will come with advanced features while existing vendors are expected to continue expanding their product portfolio with upgrades. Moreover, the introduction of improved technology will fuel the growth of the market over the forecast period. Futuristic inventions in digital wireless technology and growth in complementary digital technologies are boosting investor confidence in the market.
PRO SPEAKERS MARKET SEGMENTATION
SEGMENTATION ANALYSIS
In terms of unit shipments, the digital segment accounted for a 57% share of overall professional loudspeaker shipments and held the leading position in 2021. This segment will continue to record market share growth during of the forecast period.
The corporate segment was the largest contributor to the global professional speaker market in 2021. Key factors driving demand in this segment included new office openings and growing penetration of IoT in corporate of the whole world.
GEOGRAPHICAL ANALYSIS
North America was the largest market for professional loudspeaker products, accounting for share in terms of revenue and unit shipments, respectively. Penetration of professional AV systems remains at an all-time high in the United States and Canada.
The demand for new professional AV systems in the European market is increasing, while upgrades and replacements are expected to drive the market growth. Also, Western European economies are maturing with saturated product markets because product differentiation is low.
SUPPLIER ANALYSIS
The global professional loudspeaker market is highly fragmented, with numerous local and international players in the market. The competition between them is intense on a global level. Market concentration in developed countries such as the United States and other Western European countries is high.
The market is moderately fragmented, although the high-end market is concentrated by major vendors who hold over 40% market share. The main leading suppliers in the global market are Audio-Technica, Bose, Harman International (acquired by Samsung), MUSIC Group, Sennheiser, Shure, Sony and Yamaha.
KEY MARKET DYNAMICS
- Growing convergence of Pro AV & IoT
- The emergence of network audio technology
- Growing demand from educational institutions
- More and more exhibitions, conferences and seminars
- Growing popularity of nightclubs and bars in Asia-Pacific
- Growing demand from businesses, governments and institutions
- Increased number of sporting events and tournaments
- Growth of music production and recording industry
- Growth of the live performance and music industry
Important Suppliers
- Bose
- D&B Audiotechnik
- HARMAN International
- MUSIC Group (Music Tribe)
- strong sound
- L-Acoustics
- Yamaha
Other Important Suppliers
- Aeb Industrial (Db Technologies)
- Alcons Audio
- Audioprof International Group
- Bowers & Wilkins
- B&C speakers
- Carlson sound systems
- CELTO Acoustics
- CODA-Audio
- Dynaudio
- Electro-Voice (EV)
- Extron Electronics
- HEDD – Heinz Electrodynamic Designs
- Hz sound systems
- inMusic Brands
- Klipsch Audio Technologies
- Table K
- Meyer Sound Laboratories
- Nady Systems
- TO PRESENT
- Pan Acoustic
- PROEL
- Renkus-Heinz
- Bosch
- Sennheiser
Main topics covered:
1 Research methodology
2 research objectives
3 Research process
4 Scope and coverage
4.1 Market Definition
4.2 Reference year
4.3 Scope of the study
5 Report assumptions and caveats
5.1 Main caveats
5.2 Currency conversion
5.3 Market Derivation
6 The market at a glance
7 Presentation
7.1 Overview
7.1.1 Sound Reinforcement Market Overview
7.2 End User and Related Industry Information
7.3 Key facts and figures: global music market
7.4 Impact of Covid-19
7.5 mega trends 2020
7.5.1 Sporting events: recorded sound
7.5.2 Virtual concerts
7.6 Revenue Chain Analysis
7.6.1 Technology providers
7.6.2 OEM
7.6.3 AV Consultants or Integrators
7.6.4 System Dealers and Distributors
7.6.5 End users of the system
8 Market Opportunities and Trends
8.1 Growing Convergence of Pro AV & IOT
8.2 Emergence of networked audio technology
8.3 Growing demand from educational institutions
8.4 Increase in exhibitions, conferences and seminars
8.5 Growing Popularity of Nightclubs and Bars in Asia Pacific
9 Market Growth Catalysts
9.1 Growing Demand from Businesses, Governments and Institutions
9.2 Increased number of sporting events and tournaments
9.3 Growth of music production and recording industry
9.4 Growth of live performance and music industry
10 Market Growth Constraints
10.1 FCC Wireless Spectrum Auction
10.2 Acoustical Challenges of Professional Loudspeakers
10.3 Commodity Price Volatility Affecting Supplier Margins
11 Market landscape
11.1 Market Overview
11.2 Geographical Analysis
11.3 Current Market Dynamics
11.4 Application Information
11.5 Demographic analysis
11.6 Market Size and Forecast
11.7 Product
11.8 End User
11.9 Formatting
11.10 Amplification method
11.11 Five forces analysis
12 Product
12.1 Market Overview and Growth Driver (Revenue)
12.2 Market Overview and Growth Driver (Volume)
12.3 Market Overview
12.4 Point Source Loudspeaker System
12.5 Line Array Speaker System
12.6 Subwoofers
12.7 Other professional loudspeaker systems
13 Amplification method
13.1 Market Overview and Growth Driver (Revenue)
13.2 Market Overview and Growth Driver (Volume)
13.3 Market Overview
13.4 Passive speakers
13.5 Powered speakers
14 Size
14.1 Market Overview and Growth Driver (Revenue)
14.2 Market Overview and Growth Driver (Volume)
14.3 Market Overview
14.4 Numeric
14.5 Analog
15 End user
15.1 Market Overview and Growth Driver (Revenue)
15.2 Market Overview and Growth Driver (Volume)
15.3 Market Overview
15.4 Company
15.5 Large halls and events
15.6 Educational Institutions
15.7 Government and military
15.8 Studio and broadcast
15.9 Hospitality
15.10 Other end users
16 Channel of distribution
16.1 Market Overview
16.2 Manufacturing, production and distribution
16.3 Online
16.4 Retail
16.4.1 Market Overview
16.4.2 AV System Integrators: Market Overview
16.4.3 Pro AV & Electronics Stores: Market Overview
16.4.4 Pro AV Resellers and Distribution: Market Overview
17 Geography
17.1 Market Overview and Growth Driver (Revenue)
17.2 Market Overview and Growth Driver (Volume)
17.3 Geographic overview
For more information on this report, visit https://www.researchandmarkets.com/r/m15805
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