CHICAGO, Nov. 21, 2023 /PRNewswire/ -- According to Arizton's latest research report, the sound reinforcement market is growing at a CAGR of 4.19% during 2022-2028.
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Browse In-Depth TOC on the Sound Reinforcement Market??????????
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209 - Charts??????????
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Sound Reinforcement Market Report Scope
Report Attributes | Details |
Market Size (2028) | $10.91 Billion |
Market Size (2022) | $8.53 Billion |
CAGR (2022-2028) | 4.19 % |
Market Size: Shipments (2028) | 14,202.24 thousand units |
Base Year | 2022 |
Forecast Year | 2023-2028 |
Market Segmentation | Product, Microphones, Pro Speakers, Audio/Sound Mixer, Audio Signal Processors, Audio Power Amplifiers, Others, End-user, Format, Distribution, and Geography |
Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
The Wireless Microphones Market Shipments to Reach 1,876.25 Thousand Units by 2028
Microphone vendors are increasingly finding growth opportunities due to the growing importance of AV conferencing within global and local corporate setups. End-users are constantly looking out for better sound quality, which drives the need for constant R&D in the market. Furthermore, offices are witnessing a rise in the number of meeting rooms per location, which are increasingly used for remote conferencing. Moreover, vendors focus on developing efficient new products regarding dropouts, multi-path interference, and signal loss.
Sound Reinforcement Market Sees Massive Opportunities Amidst Soaring E-Learning Adoption Rates
Educational institutes are becoming one of the key end-users of pro AV solutions worldwide. Modern-day university campuses driven by technological advances are revolutionizing. Smart campuses use wireless technology and IoT to promote interconnectedness in various university campuses. Globally, there is a push toward smart campuses and the consequent need for engaging, immersive, and interactive learning worldwide. Various sound reinforcement equipment, such as microphones and speakers, are becoming integral to university campuses. For instance, Imperial Valley College in California, US, has designed active learning classrooms with laptops, documentation cameras, and connections to shared displays to improve the learning experience. E-learning technology has created a buzz in the education industry. Infusing modern-day technologies in classroom learning further adds to stimulus and enhanced interaction between learner and educator within the classroom. E-learning is one of the most thrust areas the government identifies for imparting education using educational tools and communication media. It is learning facilitated and supported by Information Communication Technologies (ICT), which aims to develop tools and technologies to promote e-learning. Governments are financially supporting R&D projects in the field of e-learning at various R&D labs and academic educational institutes. Therefore, driving the demand for pro AV solutions, such as sound reinforcement equipment and video conferencing, among others, in the market during the forecast period. This will further add impetus to the industry's market growth for sound reinforcement equipment.
Dynamic Growth Prospects in Sound Reinforcement Market Fueled by Technological Advancements, Venture Capital Surge, and Upgrades in Vertical Markets Worldwide
The sound reinforcement market is mainly developed and growing, with vendors such as Shure, Sennheiser, Audio-Technica, Bose, Harman, Sony, and Yamaha offering products to various vertical markets. However, the higher cost of branded equipment and lower penetration of wireless digital technology can be significant growth inhibitors in APAC countries, such as China, India, and Latin America. Futuristic inventions in wireless digital technology and growth in complementary digital technologies are likely to boost investors' confidence in the market, and the market will witness an increase in Venture Capital (VC) funding during the forecast period. New startups will likely develop innovative solutions with advanced features, while existing vendors will continue developing their product portfolio with upgrades. Thus, introducing upgrades will fuel market growth during the forecast period. Furthermore, old legacy systems will likely be replaced in nightclubs, premium hotels, convention centers, restaurants, and other institutions, propelling market demand in the upcoming years.
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Sound Reinforcement Market Dynamics
Trends & Opportunities
Growth in Convergence of Pro AV and IoT
Emergence of Networked Audio Technology
Increase in Adoption in Educational Institutions
Increase in Number of Exhibitions
Growth in the Popularity of Nightclubs & Bars in APAC
Market Growth
Increase in Demand from Corporate, Government, & Institutions
Growth in Live Performance and Music Industry
Increase in Number of Sporting Events and Tournaments
Growth in Music Production and Recording Industry
Challenges
Government Regulations - FCC Wireless Spectrum Auction
Technical Difficulties Hamper Adoption of Wireless Microphones
Acoustical Challenges Related to Pro Speakers
Volatility in Raw Material Prices Affects Margins of Vendors
About the Report
The global sound reinforcement market is provided for the forecast years 2023 to 2028 and the base year 2022. The market is segmented by product, end-user, format, distribution channel, and geography. The report provides a comprehensive approach to the global sound reinforcement market, enabling customers to analyze the industry thoroughly.
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Market Segmentation
- Product: Microphones, Pro Speakers, Audio/Sound Mixers, Audio Signal Processors, Audio Power Amplifiers, and Others
- Microphones: Wireless (Handheld, Clip-on, and Others) and Wired
- Pro Speakers: Product Type (Point Source, Line Array, Sub Woofers, and Others) and Amplification Type (Passive Speakers and Powered Speakers)
- Audio/Sound Mixer: Powered and Non-powered
- Audio Signal Processors: Digital and Analog
- Audio Power Amplifiers: Digital and Analog
- Others: Cables, Audio Network, and Others
- End-user: Corporate, Large Venues & Events, Educational Institutions, Government & Military, Studio & Broadcasting, Hospitality, and Others
- Format: Digital and Analog
- Distribution: Offline and Online
- Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
Vendors
Key Company Profiles
- Audio-Technica
- Bose
- HARMAN International (Samsung)
- MUSIC Tribe
- Sennheiser
- Shure
- Sony
- Yamaha
Other Prominent Vendors
- ADK Microphones
- AEB Industriale (dBTechnologies)
- Alcons Audio
- Galaxy Audio
- Apex Audio
- Biamp Systems
- Audio Engineering Associates (AEA)
- AUDIX Microphones
- Beijing 797 Audio
- Belden
- Beyerdynamic
- Blue Microphones
- Bowers & Wilkins
- BOYA
- CAD Audio
- Carlson Audio Systems
- CELTO Acoustique
- CODA Audio
- Cordial
- Dynaudio
- D&B Audiotechnik
- Electro-Voice (EV)
- Extron
- 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 International
- Southwire Company
- Stewart Audio
- Vivolink
- Zaxcom
- Amadeus
- DAS Audio
Key Questions Answered in the Report:
How big is the sound reinforcement market?
What is the growth rate of the global sound reinforcement market?
Which region dominates the global sound reinforcement market share?
What are the significant trends in the sound reinforcement market?
Who are the key players in the global sound reinforcement market?
Check the Detailed Table of Contents of the Report @ https://www.arizton.com/market-reports/sound-reinforcement-market-size-growth-2024?details=tableOfContents
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