LOS ANGELES, BEIJING, LONDON and PUNE, India, August 27, 2018 /PRNewswire/ --
QY Research has recently published a report titled, "Global Pro Audio Equipment Industrial Chain Market: Insights, Growth Trends and Competitive Analysis 2025," for the estimated period of 8-years, i.e. during 2017-2025. This newly published report has provided various insights on the global market for pro audio equipment and has been showing steady growth since last few years.
The worldwide pro audio equipment market is likely to exhibit the surge of 1.5x in the revenue growth throughout the projected period. This market was valued at US$ 5684.32 Mn in 2017 and is assessed to reach a value exceeding US$ 8670.86 in 2025. The global market for pro audio equipment has exhibited moderate CAGR of 5.43% during the predicted period.
Professional audio or pro audio is a category of studio-grade, high-quality audio equipment. Pro audio equipment consists of speakers and monitors, microphones and wireless systems, amplifiers, live and studio mixers, DJ headphone, DJ mixers, audio interfaces and DJ controllers.
Global Pro Audio Equipment Market: Drivers
One of the most important factors, which is driving the growth of the global pro audio equipment is the launch of new products and an exponential rise in the popularity and demand for digital equipment. Rising tendency of spending on global festivals and music concert is also likely to propel the demand for various pro audio equipment, which will eventually be responsible for the growth of the overall market. Increasing demand from industries such as motion production and film, exhibition, music concert, trade shows, music concerts and sports is expected to create a positive impact on the global pro audio equipment market.
Besides, rising tendency of spending on restaurants, consumer goods, and the concert is enhancing the entertainment industry, which in turn is likely to drive the demand for new and innovative sound equipment in the worldwide market of pro audio equipment.
This research report consists of a detailed analysis of various segments such as conference system, wired microphones, mixers and wireless microphones.
Global Pro Audio Equipment Market: Conference System
On the basis conference system, the global pro audio equipment market is segmented into by type and by application. By application segment includes government, residential, academic, commercial, and others segment, while by type segment consists of a wireless device and a wired device. Commercial segment in application is expected to lead the market throughout the projected period.
Global Pro Audio Equipment Market: Wired Microphones
Based on wired microphones, the global market for pro audio equipment is classified into by type and by application. By type segment is further segmented into boundary microphones, desktop microphones, handheld microphones and others. On the other hand, application segment is sub-segmented into government, commercial, academic, and others. Among by type segment, handheld microphones segment is expected to capture the market in terms of revenue growth.
Global Pro Audio Equipment Market: Mixers
Mixer segment has divided the global pro audio equipment market into by type and by application. By application, segments include pro audio and consumer, while in terms of type segment the market is segmented into 4ch, 8ch, 16ch, and others. 8ch is the largest growing sub-segment of by type segment.
Global Pro Audio Equipment Market: Wired Microphones
On the basis of wired microphones, the global pro audio market is segmented into type and application. Application segment is further segmented into hospitality, corporate, education and others, while type segment is sub-segmented into clip-on, handheld and others.
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Global Pro Audio Equipment Market: Regional Analysis
France, the US, Germany, Japan and the UK are leading countries which are contributing maximum revenue in the global pro audio equipment market. The adoption of various equipment in pro audio market is expected to boost due to tremendous development and growth of the pro audio products in Asian countries such as India and China. The global market is revolutionized due to the development of various industries such as music, hospitality, education, real estate, and corporate in emerging economies such as Brazil, China, and India.
Global Pro Audio Equipment Market: Competitive Analysis
Biamp, Sennheiser, Audix, Audio-Technica, Lectrosonic, Shure, Allen&heath, AKG, Shure, Blue, Lewitt Audio, Yamaha, Sony, TOA, Sennheiser, Revolabs, and AKG are some of the key players functioning in the global pro audio market.
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