Sound Reinforcement Market by Product Type (Microphones, Professional Speakers, Audio Mixers, Power Amplifiers), Format (Digital, Analog), End User (Corporate, Education, Large Venue & Events, Hospitality), Geography - Global Forecast to 2024

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Date: 20-Dec-2019
No. of pages: 190
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“The sound reinforcement market is projected to grow at a CAGR of 3.2% from 2019 to 2024.”

The sound reinforcement market is expected to grow from USD 7.3 billion in 2019 to USD 8.5 billion by 2024; it is expected to grow at a CAGR of 3.2% from 2019 to 2024.The growth of the sound reinforcement market can be attributed to the increasing demand for professional audio devices from corporate and educational institutions and the growing incorporation of IoT and audio-visual technologies into professional audio-video devices. Moreover, the increasing number of concerts and live performances is expected to create significant growth opportunities for the sound reinforcement market.

“The microphones segment of the market is projected to grow at the highest CAGR during the forecast period.”

Increased adoption of microphones in sound reinforcement applications can be attributed to continuous technological innovations taking place in the professional audio industry. The increasing number of upgrades in legacy sound systems and their replacement with new systems is the primary factor augmenting the growth of the microphones segment of the market. Moreover, the growing traction of wireless digital technology globally, coupled with the increased demand for high-quality audio output, is also driving the growth of the market.

“The large venues & events segment is estimated to hold the largest size of the sound reinforcement market from 2019 to 2024.”

The number of live concerts is expected to increase during the forecast period. Sound amplification systems and advanced microphones are being adopted in large venues and concerts for communicating with a large set of audiences or fans. Sound reinforcement equipment and their associated proaudio-video (AV) systems are important components for the live music concerts. The rise in number of music bands, live performances, and concerts is expected to contribute to the growth of the sound reinforcement market. Moreover, increase in the corporate sponsorships for music tours, venues, and events are also contributing to the growth of the large venues & events segment of the market. Thus, the increasing number of concerts and live performances worldwide is driving the growth of this segment of the sound reinforcement market.

“The sound reinforcement market in APAC is projected to grow at the highest CAGR during the forecast period.”

The APAC countries are taking aggressive initiatives to upsurge their IT infrastructures, thereby enabling commercial users to adopt cutting-edge technologies. The APAC region has emerged as the fastest-growing market for smart education solutions as well. Increasing developments in the field of education and corporate are also expected to create an increased demand for sound reinforcement equipment. The academic institutions and corporate companies in the region have started adopting smart solutions and eLearning solutions, thereby leading to an increased demand for sound reinforcement equipment in APAC.

Breakdown of Profiles of Primary Participants:


  • By Company Type: Tier 1 –27%, Tier 2 –41%, and Tier 3 –32%

  • By Designation: C-level Executives –26%, Directors –40%, and Others –34%

  • By Region: North America – 47%, Europe – 28%, APAC –19%, and RoW –6%


Audio-Technica (Japan),Bose (US), HARMAN (US), MUSIC Group (Philippines), SENNHEISER (Germany), SHURE (US), Sony (Japan), Yamaha (Japan), CODA Audio (Germany), and Audix Microphone (US) are among the major players in the sound reinforcement market.

Research Coverage:

The study covers the sound reinforcement market. It aims to estimate the size and the growth potential of this market based on product type, format, end user, and geography. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Key Benefits of Buying This Report:

The report is expected to help leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall growth of the sound reinforcement market and segments covered in this report. This report is also expected to enable stakeholders to understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report is also expected to help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Sound Reinforcement Market by Product Type (Microphones, Professional Speakers, Audio Mixers, Power Amplifiers), Format (Digital, Analog), End User (Corporate, Education, Large Venue & Events, Hospitality), Geography - Global Forecast to 2024

Table of Contents

1 Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Study Scope
1.3.1. Market Covered
1.3.2. Years Considered for the Study
1.4. Currency
1.5. Limitations
1.6. Stakeholders

2 Research Methodology
2.1. Research Data
2.1.1. Secondary Data
2.1.1.1. Key data from secondary sources
2.1.2. Primary data
2.1.2.1. Key data from primary sources
2.1.2.2. Key industry insights
2.1.2.3. Breakdown of primary interviews
2.2. Market Size Estimation
2.2.1. Bottom-up Approach
2.2.2. Top-down Approach
2.3. Market Breakdown and Data Triangulation
2.4. Research Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.1.1. Growing incorporation of IoT and audio-visual technologies into professional audio-video devices
5.2.1.2. Increasing demand for sound reinforcement systems from corporate, educational institutions, and government departments
5.2.2. Restraints
5.2.2.1. Strict government norms for regulating frequency range of wireless devices
5.2.3. Opportunities
5.2.3.1. Increasing number of concerts and live performances being conducted worldwide
5.2.3.2. Growing number of sports events and tournaments
5.2.4. Challenges
5.2.4.1. Acoustical challenges related to improper placement of louDSPeakers

6 Sound Reinforcement Market, by Product Type
6.1. Microphones
6.2. Professional Speakers
6.3. Audio Sound Mixers
6.4. Audio Signal Processors
6.5. Power Amplifiers
6.6. Others (Cables and Audio Networking)

7 Sound Reinforcement Market, by Format
7.1 Digital
7.2 Analog

8 Sound Reinforcement Market, by End User
8.1. Corporate
8.2. Large Venues & Events
8.3. Educational Institutions
8.4. Government
8.5. Studio & Broadcasting
8.6. Hospitality
8.7. Others

9 Geographic Analysis
9.1. Introduction
9.2. North America
9.2.1. US
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. UK
9.3.4. Italy
9.3.5. Rest of Europe
9.4. APAC
9.4.1. China
9.4.2. Japan
9.4.3. Korea
9.4.4. Rest of APAC
9.5. RoW
9.5.1. Middle East & Africa
9.5.2. South America

10 Competitive Landscape
10.1. Introduction
10.2. Market Ranking Analysis: Sound Reinforcement Market
10.3. Competitive Leadership Mapping
10.3.1. Visionary Leaders
10.3.2. Dynamic Differentiators
10.3.3. Innovators
10.3.4. Emerging Companies
10.4. Competitive Situations and Trends
10.4.1. Product Launches
10.4.2. Partnerships and Collaborations
10.4.3. Others

11 Company Profile
11.1. Key players
11.1.1. Audio-Technica (Japan)
11.1.2. Bose (US)
11.1.3. HARMAN (US)
11.1.4. MUSIC Group (Philippines)
11.1.5. SENNHEISER (Germany)
11.1.6. SHURE (US)
11.1.7. Sony (Japan)
11.1.8. Yamaha (Japan)
11.1.9. CODA Audio (Germany)
11.1.10. Audix Microphone (US)
11.1.11. Saramonic International (China)
11.1.12. Electro-Voice (US)
11.1.13. Apex Audio (Belgium)
11.1.14. Wharfedale Pro (UK)
11.1.15. Dynaudio (Denmark)
11.1.16. Samson Technologies (US)
11.1.17. Beyerdynamic (Germany)
11.1.18. MIPRO Electronics (Taiwan)
11.1.19. Yorkville Sound (Canada)
11.1.20. QSC, LLC (California)

12 Appendix

List of Tables

Table 1  Sound Reinforcement Market, 2017–2024 (USD Million)  
Table 2  Market for Microphones, By Format, 2017–2024 (USD Million)
Table 3  Market for Professional Speakers, By Format, 2017–2024 (USD Million)
Table 4 Market for Audio Sound Mixers, By Format, 2017–2024 (USD Million)
Table 5  Market for Audio Signal Processors, By Format, 2017–2024 (USD Million)
Table 6  Market for Power Amplifiers, By Type, 2017–2024 (USD Million)
Table 7 Market for Others By Format, 2017–2024 (USD Million)
Table 8 Market for Microphones, By End User, 2017–2024 (USD Million)
Table 9  Market for Professional Speakers, By End User, 2017–2024 (USD Million)
Table 10 Market for Audio Sound Mixers, By End User, 2017–2024 (USD Million)
Table 11 Market for Audio Signal Processors, By End User, 2017–2024 (USD Million)
Table 12 Market for Power Amplifiers, By End User, 2017–2024 (USD Million)
Table 13 Market for Others, By End User, 2017–2024 (USD Million)
Table 14 Market for Microphones, By Region, 2017–2024 (USD Million)
Table 15 Market for Professional Speakers, By Region, 2017–2024 (USD Million)
Table 16 Market for Audio Sound Mixers, By Region, 2017–2024 (USD Million)
Table 17 Market for Audio Signal Processors, By Region, 2017–2024 (USD Million)
Table 18 Market for Power Amplifiers, By Region, 2017–2024 (USD Million)
Table 19 Market for Others, By Region, 2017–2024 (USD Million)
Table 20  Market, By Format, 2017–2024 (USD Million)
Table 21 Digital Market, By Product Type, 2017–2024 (USD Million)  
Table 22 Analog Market, By Product Type, 2017–2024 (USD Million)
Table 23 Market, By End User, 2017–2024 (USD Million)  
Table 24 Market for Corporate, By Product Type, 2017–2024 (USD Million)
Table 25 Market for Large Venues & Events, By Product Type, 2017–2024 (USD Million)  
Table 26 Market for Educational Institutions, By Product Type, 2017–2024 (USD Million)  
Table 27 Market for Government, By Product Type, 2017–2024 (USD Million)
Table 28 Market for Studio & Broadcasting, By Product Type, 2017–2024 (USD Million)
Table 29 Market for Hospitality, By Product Type, 2017–2024 (USD Million)
Table 30 Market for Others, By Product Type, 2017–2024 (USD Million)
Table 31 Market for Corporate, By Region, 2017–2024 (USD Million)  
Table 32 North America Market for Corporate, By Country, 2017–2024 (USD Million)  
Table 33 Europe Market for Corporate, By Country, 2017–2024 (USD Million)  
Table 34 APAC Market for Corporate, By Country, 2017–2024 (USD Million)  
Table 35 RoW Market for Corporate, By Region, 2017–2024 (USD Million)  
Table 36 Market for Large Venues & Events, By Region, 2017–2024 (USD Million)  
Table 37 North America Market for Large Venues & Events, By Country, 2017–2024 (USD Million)  
Table 38 Europe Market for Large Venues & Events, By Country, 2017–2024 (USD Million)  
Table 39 APAC Market for Large Venues & Events, By Country, 2017–2024 (USD Million)  
Table 40 RoW Market for Large Venues & Events, By Region Try, 2017–2024 (USD Million)  
Table 41 Market for Educational Institutions, By Region, 2017–2024 (USD Million)  
Table 42 North America Market for Educational Institutions, By Country, 2017–2024 (USD Million)  
Table 43 Europe Market for Educational Institutions, By Country, 2017–2024 (USD Million)  
Table 44 APAC Market for Educational Institutions, By Country, 2017–2024 (USD Million)  
Table 45 RoW Market for Educational Institutions, By Region, 2017–2024 (USD Million)  
Table 46 Market for Government, By Region, 2017–2024 (USD Million)
Table 47 North America Market for Government, By Country, 2017–2024 (USD Million)  
Table 48 Europe Market for Government, By Country, 2017–2024 (USD Million)  
Table 49 APAC Market for Government, By Country, 2017–2024 (USD Million)  
Table 50 RoW Market for Government, By Region, 2017–2024 (USD Million)  
Table 51 Market for Studio & Broadcasting, By Region, 2017–2024 (USD Million)
Table 52 North America Market for Studio & Broadcasting, By Country, 2017–2024 (USD Million)  
Table 53 Europe Market for Studio & Broadcasting, By Country, 2017–2024 (USD Million)  
Table 54 APAC Market for Studio & Broadcasting, By Country, 2017–2024 (USD Million)  
Table 55 RoW Market for Studio & Broadcasting, By Region, 2017–2024 (USD Million)  
Table 56 Market for Hospitality, By Region, 2017–2024 (USD Million)
Table 57 North America Market for Hospitality, By Country, 2017–2024 (USD Million)  
Table 58 Europe Market for Hospitality, By Country, 2017–2024 (USD Million)  
Table 59 APAC Market for Hospitality, By Country, 2017–2024 (USD Million)  
Table 60 RoW Market for Hospitality, By Region, 2017–2024 (USD Million)  
Table 61 Market for Others, By Region, 2017–2024 (USD Million)
Table 62 North America Market for Others, By Country, 2017–2024 (USD Million)  
Table 63 Europe Market for Others, By Country, 2017–2024 (USD Million)  
Table 64 APAC Market for Others, By Country, 2017–2024 (USD Million)  
Table 65 RoW Market for Others, By Region, 2017–2024 (USD Million)  
Table 66 Market, By Region, 2017–2024 (USD Million)
Table 67 North America Market, By Country, 2017–2024 (USD Million)
Table 68 Europe Market, By Country, 2017–2024 (USD Million)
Table 69 APAC Market, By Country, 2017–2024 (USD Million)
Table 70 RoW Market, By Region, 2017–2024 (USD Million)
Table 71 North America Market, By Product Type, 2017–2024 (USD Million)
Table 72 Europe Market, By Product Type, 2017–2024 (USD Million)
Table 73 APAC Market, By Product Type, 2017–2024 (USD Million)
Table 74 RoW Market, By Product Type, 2017–2024 (USD Million)
Table 75 North America Market, By End User, 2017–2024 (USD Million)
Table 76 Europe Market, By End User, 2017–2024 (USD Million)
Table 77 APAC Market, By End User, 2017–2024 (USD Million)
Table 78 RoW Market, By End User, 2017–2024 (USD Million)
Table 79 US Market, By End User, 2017–2024 (USD Million)  
Table 80 Canada Market, By End User, 2017–2024 (USD Million)  
Table 81 Mexico Market, By End User, 2017–2024 (USD Million)  
Table 82 Germany Market, By End User, 2017–2024 (USD Million)  
Table 83 UK Market, By End User, 2017–2024 (USD Million)  
Table 84 France Sound Reinforcement Market, By End User, 2017–2024 (USD Million)  
Table 85 Italy Market, By End User, 2017–2024 (USD Million)  
Table 86 RoE Market, By End User, 2017–2024 (USD Million)  
Table 87 China Market, By End User, 2017–2024 (USD Million)  
Table 88 Japan Market, By End User, 2017–2024 (USD Million)  
Table 89 India Market, By End User, 2017–2024 (USD Million)  
Table 90 RoAPAC Market, By End User, 2017–2024 (USD Million)  
Table 91 Middle East & Africa Market, By End User, 2017–2024 (USD Million)  
Table 92 South America Market, By End User, 2017–2024 (USD Million)  

List of Figures

Figure 1 market Segmentation
Figure 2 Sound Reinforcement Market: Research Design
Figure 3 Data Triangulation
Figure 4 Process Flow of Market Size Estimation
Figure 5 Market in Terms of Value (2017–2024)
Figure 6 Market for Microphones to Grow at the Highest CAGR From 2019 to 2024
Figure 7 Digital Segment to Hold a Larger Size of Market During Forecast Period
Figure 8 Corporate Segment of Market to Witness the Highest CAGR During Forecast Period
Figure 9 North America Held the Largest Share in Market in 2018
Figure 10 Market in APAC to Grow at the Highest CAGR From 2019 to 2024
Figure 11 Market for Professional Speakers to Hold the Largest Market Size During the Forecast Period
Figure 12 Large Venues & Events to Hold the Largest Share of Market in 2024
Figure 13 US Estimated to Hold the Largest Share of Market in 2019
Figure 14 Market, By Geography
Figure 15 North America Market Snapshot
Figure 16 Europe Market Snapshot
Figure 17 APAC Sound Reinforcement Market Snapshot
Figure 18 Key Growth Strategies Adopted By Top Companies, 2016—2019
Figure 19 Market Ranking of Top 5 Players in Market, 2018
Figure 20 Market (Global) Competitive Leadership Mapping, 2018
Figure 21 Yamaha Corporation: Company Snapshot

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