Global Sound Reinforcement Market to Reach Revenues of Over $9 Billion During the Period 2018−2024- Market Research by Arizton

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Apr 03, 2019, 12:00 ET

CHICAGO, April 3, 2019 /PRNewswire/ -- According to Arizton's recent research report, the global sound reinforcement market is expected to reach revenues of over $9 billionby 2024, growing at a CAGR of more than 3% during 2018−2024.

Key Highlights Offered in the Report:

The microphone market to witness the increased use of digital wireless technology due to benefits such as low voice distortion, less noise interference, and encryption opportunity
Shure was a worldwide leader in the manufacturing of microphones in 2018, while Belden dominated the pro AV cables and sound reinforcement cables market
The demand for pro speakers to increase in retail outlets, shopping malls, and shops, and the market shipment is expected to reach about2,500 thousand units by 2024
The increasing trend of smart campuses, digitalism in educational institutes and the public sectors is expected to drive the adoption of sound reinforcement devices globally.
Asia has emerged as the center of digital innovation;the boost in the concept of the digital economy will further drive the pro AV solutions market.

Key Offerings:

Market Size & Forecast by Revenue and Units | 2018−2024
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation–A detailed analysis by product types, formats, end-user types,distribution types, and geography
Competitive Landscape – Profile of 8 key vendors and 49 othervendors.

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Sound Reinforcement Market– Segmentation

This market research report includes detailed segmentations of the market by product types, formats, end-user types, distribution types, and geography.

The microphones segment is likely to lead the market, accounting more than 30% of the share, followed by pro-speakers segment.
The corporate segment dominated the marketdue to the growing demand for sound reinforcement and video conferencing solutions.

Market Segmentation by Product Types

Microphone

Wireless

Hand-held
Clip-on
Others

Wired

Speakers

Point Source System
Line Arrays System
Subwoofers
Others

Mixers

Non-powered
Powered

Processors

Digital
Analog

Amplifiers

Digital
Analog

Others

Cables
Audio Networking Solutions
Others

Market Segmentation by Formats

Analog
Digital

Market Segmentation by End-user Types

Corporate
Large Venues and Events
Educational Institutions
Government and Military
Studio and Broadcasting
Hospitality
Others

Market Segmentation by Distribution Types

Online
Retail

AV System Integrators
PRO AV Dealers & Distributors
PRA AV Electronic Stores

Sound Reinforcement Market – Dynamics

Rapid urbanization and increase in industrialization are among two major factors that are propelling the adoption of AV in several sectors, including retail, IT parks, hospitality, and infrastructure.The market is witnessing an increasing demand for live music events, concerts, and tradeshows that add to excitement and thrill for a fast-paced lifestyle.

Key Drivers and Trends Fueling the Growth of the Global Market:

Growing Convergence of Pro AV and IoT
Increasing demand and adoption in corporate, educational, and governmental institutes
Rising number of live performance, music production, and recording industry

Sound Reinforcement Market –Geography

North America accounted for the largest share of the global sound reinforcement marketin 2018 due to the replacement of legacy systems, growth in the music industry, increase in commercial construction activities, and enchantments in retail expansion and upgrades. The market is likely to be majorly driven by the millennials as they are termed as the digital generation.

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Market Segmentation by Geography

North America

Canada
US

Europe

Benelux
France
Germany
Russia
UK
Italy
Spain
Switzerland
Scandinavia

APAC

Australia
China
Indonesia
India
Japan
South Korea

Latin America

Argentina
Brazil
Mexico

MEA

Saudi Arabia
UAE
South Africa
Maghreb

Geographical Market Size & Forecast | 2018−2024

Product Types
End-user Types
Format Types
Key Countries

Major Vendors in the Global Market:

Audio-Technica
Bose
Harman International (Samsung)
MUSIC Group (MUSIC Tribe)
Sennheiser
Shure
Sony
Yamaha

Other vendors include ADK Microphone, Company Overview, AEB Industriale (DB Technologies), Alcons Audio, Audix, ANSR Audio, Apex Audio, Audioprof Group, Audio Engineering Associates (AEA), Beijing 797 Audio, Belden, Beyerdynamic, Blue Microphones, Bowers & Wilkins, BOYA, CAD Audio, Carlson Audio Systems, CELTO Acoustique, CODA Audio, CORDIAL, Dynaudio, D&B Audiotechnik/System, Electro‑Voice, Extron Electronics, GTD Audio, HEDD | Heinz Electrodynamic Designs, Heil Sound, Hz Sound Systems, inMusic Brands, Klipsch Audio Technologies, K-Array, Lectrosonics, Legrand, LEWITT, Liberty AV, LOUD Audio, MIPRO Electronics, MXL by Marshall Electronics, Nady Systems, OUTLINE, Pan Acoustics, Powersoft Audio, PROEL, Pyle Pro, Samson Technologies, sE Electronics, Southwire Company, Stewart Audio, Vivolink, and ZAXCOM.

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About Arizton:

Arizton – Advisory and Intelligence is a premium and innovation-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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SOURCE Arizton Advisory & Intelligence