Pro audio market was valued at USD 2.04 billion in 2021 and is expected to reach USD 3.78 billion by the year 2028, at a CAGR of 9.2% over the forecast period 2023- 2030.
Pro audio market contains many different types of equipment of good quality like studio-grade audio devices that are used in sound recording, sound reinforcement systems, and other devices used for audio mixing. This equipment are enhancing the sound quality and is used in different sectors such as recording & television studios, Movie Theatres, public address system setup, and radio broadcast stations. The entertainment industry is large and they are the main users of this equipment and help to boost the professional audio market. The singers mostly use these types of equipment to do live events, concerts, and studio productions, which has increased the demand for noise-proof and advanced audio equipment in the market. Professional audio equipment plays important role in making noise and error-proof audio mixes that are used for music recordings, advertisements, and to carry out other professional entertainment activities.
Major Key Players:
Sennheiser(Germany), Yamaha (Japan), Audio-Tehcnica (Japan), Shure (US), AKG (Austria), Blue (Japan), Lewitt Audio (Austria), Sony(Japan), Takstar (China), MIPRO (US), Allen&heath (UK), TOA (Japan), Wisycom (Italy), Beyerdynamic (Germany), Lectrosonic (US)
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Market Dynamics and Factors:
This equipment is used in many industries but mostly to carry out entertainment activities in a professional way many high profile singers work on their music creation, and the concert or PR agencies, music studios, and different production houses are using the error-proof system for a better quality of audio untimely which gives the better experience, feel, entertainment to the listener, this is providing the high profile customer and advancement to the pro audio market which helps to grow the market on the fast track. These Professionals use pro audio equipment including DJ equipment, headphones, amplifiers, speakers, stage equipment, and others. Apart from this pro system, this audio equipment is also used on large scale to enhance the customer experience in various locations such as malls, pubs, stadiums, and sports complexes. There is a rise in demand for HD & ultra HD sound quality, and the increased use of Wi-Fi and Bluetooth-based devices is helping the audio market to expand the business. WFH situation is increasing the demand for warless, smart, effective, quality devices by IT professionals.
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Pro Audio Market Segmentation:
By Type
By Application
For this report, Introspective Market Research has segmented the Pro Audio Market based on region:
In September 2020, Google had a partnership with Lenovo, for its videoconferencing Google Meet software, it is designed by Google but different pieces are made by Lenovo like eight beam-forming microphones to process up to 44 channels simultaneously, a 2.5-inch woofer, Smart Audio Bar.
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Dec 29, 2023