Global Pro Speaker Market Overview

Global Pro Speaker Market was valued at USD 1.98 Billion in 2021 and is expected to reach USD 2.70 Billion by the year 2028, at a CAGR of 4.06%.

A professional speaker, abbreviated as a pro speaker, is an activity as well as a category of high-end, studio-grade audio equipment. Sound recording, sound reinforcement system setup, and audio mixing, as well as studio music production, are typically performed by trained sound engineers, audio engineers, record producers, and audio technicians who work in live event support and recording using mixing consoles, recording equipment, and sound reinforcement systems. Professional audio is distinguished from consumer or home-oriented audio, which is designed for listening in a non-commercial setting. Broadcast radio, audio mastering in a recording studio, television studio, and sound reinforcement such as live concerts, DJ performances, audio sampling, public address system set up, sound reinforcement in movie theatres, and design and setup of piped music in hotels and restaurants are all examples of professional speakers. Professional speaker equipment is available for purchase at music stores and professional speaker shops.

Due to booming commercial real estate, hospitality, corporate, and music markets, as well as a shift in consumer behavior toward live music concerts and exhibitions in developing countries, demand for pro speaker's equipment and solutions has increased in countries such as China, Germany, Japan, and India. Shure, Sennheiser, Audio-Technica, Bose, Harman, Sony, and Yamaha are among the vendors selling products for various vertical segments in the worldwide pro speaker industry. Existing suppliers are likely to continue developing their product line through improvements, while new start-ups will introduce innovative features. Furthermore, during the projection period, the introduction of improved technology will fuel market expansion. Investors' trust in the market is boosted by futuristic inventions in wireless digital technology and expansion in complementing digital technologies.

Market Dynamics of the Pro Speaker Market:

Drivers:

Increased Spending on the Entertainment Products
Consumers' increased expenditure on entertainment products around the world aided the growth of the pro speakers market over the predicted period. Consumers prefer external sound systems as a source of home entertainment, and they are becoming more aware of the quality of sound they are hearing, leading to a willingness to spend more on sound systems. According to a survey conducted by Dolby Laboratories, consumer spending on home entertainment in the United States would climb by 72 percent in 2020. Because of the growing popularity of mobile devices and changing consumer media consumption habits, the demand for wireless audio equipment is fast increasing. Mobile devices, tablets, and laptops are increasingly being used to wirelessly play audio on speakers by consumers. Such consumer behavior is turning the growth of Wi-Fi and Bluetooth-connected speakers. Resulted from the growth of the pro speaker market over the forecast period.

Restraints:

Government Regulations
Government regulations have always been a challenge to the pro-speaker sector, as loudspeaker use is one of the primary causes of noise pollution. Noise pollution harms both physiological and psychological health, resulting in hypertension, anxiety, higher stress levels, and even coronary artery disease. The Supreme Court of India approved a regulation limiting the use of public address systems to no more than 15 days per year at night (between 10:00 pm and 6:00 am) and during cultural or festive occasions. These regulations are projected to have a detrimental impact on the pro-speaker market's growth.

Opportunities:

Commercial Applications Creates an Opportunity
Commercial applications, such as the use of smart speakers in healthcare facilities, hotels, and businesses, offer a variety of options for integrating smart speakers into daily operations. Smart speakers have a variety of characteristics that can help healthcare providers deliver optimal care to patients by scheduling their meds on an AI platform. Furthermore, patients in intensive care can use vocal commands to request assistance at any moment, saving time in treatment and perhaps reducing unintentional deaths. These characteristics encourage the adoption of smart speakers in commercial settings, resulting in an attractive potential for the pro speaker market to flourish.

Market Segmentation

By product, the most prevalent product category is point source systems, which account for more than a third of the pro speaker market. Subwoofers and low-frequency devices are the next most demanding devices, followed by line array speakers. When room dimensions, aesthetics, and affordability are all factors to consider, point source speakers might be a terrific alternative. They come in a variety of sizes and offer PA system solutions for several worship settings. Some of the smaller models are floor-standing and movable, allowing them to be moved around as needed. Point source speakers can often be hidden and yet function properly.

By format, the digital segment is anticipated to hold the maximum pro speaker market share over the forecast period. Not only is there a quality loss when the master tape is printed to vinyl, but the quality also diminishes with each play to the vinyl record. Digital audio may now be streamed without loss over the internet. You can quickly distribute an infinite number of copies around the world without sacrificing quality. As a result, over the projection period, this category is expected to rise.

By end-use, the corporate segment is expected to register a significant pro speaker market share due to the growing demand for sound reinforcement and video conferencing solutions. The entertainment area is the second-largest application market, thanks to the surge in live performances, music concerts, festivals, and music tours. Furthermore, as a result of increased competitiveness, the corporate industry and institutions are progressively implementing AV equipment to improve and control office workflow. The use of sound reinforcement equipment and video conferencing devices in the workplace has become a necessity in recent years. As a result, merchants are launching a new line of items that are in line with the present demand.

By distribution channel, the retail segment is anticipated to capture the maximum pro speaker market share during the forecast period. Retail channels provide the majority of income since they are the most trusted destinations for end-users. The presence of professional speaker sellers on the internet is growing as the internet becomes more widely used. Professional speakers are available at competitive costs on e-commerce websites such as Amazon, eBay, SoundBroker.com, Americanmusical.com, Organgeaudio.co.uk, Alibaba, and AliExpress. During the predicted period, online stores are expected to rise in popularity.

Players Covered in Pro Speaker market are :

  • Bosch
  • Bose
  • D&B Audiotechnik
  • JBL
  • HARMAN International
  • MUSIC Group (Music Tribe)
  • Loud Audio
  • L-Acoustics
  • Yamaha
  • Aeb Industriale (Db Technologies)
  • Pan Acoustics
  • Alcons Audio
  • Audioprof Group International
  • Hz Sound Systems
  • Bowers & Wilkins
  • B&C Speakers
  • inMusic Brands
  • CELTO Acoustique
  • CODA Audio
  • Dynaudio
  • Electro-Voice (EV)
  • Extron Electronics
  • HEDD (Heinz Electrodynamic Designs)
  • Klipsch Audio Technologies
  • K-Array
  • Meyer Sound Laboratories
  • Nady Systems
  • OUTLINE
  • PROEL
  • Soundcore
  • Renkus-Heinz
  • Carlson Audio Systems
  • Sennheiser and others major players.

Regional Analysis for the Pro Speaker Market:

The most populated area, Asia-Pacific, is a significant emerging market that is predicted to have the highest growth rate in terms of professional speaker sales over the projection period. Countries in Asia-Pacific are stepping up their efforts to improve their IT infrastructures, allowing commercial users to embrace cutting-edge technologies such as professional speakers. In addition, the region has become the fastest-growing market for smart education solutions. Increasing advancements in the fields of education and business are predicted to enhance demand for sound reinforcement equipment, contributing to the region's growing number of professional speakers. The growing disposable incomes and technological advancements in countries like China, India, Japan, and South Korea, as well as the presence of significant players like Sony and Samsung in the area, are likely to aid the expansion of the wireless speaker market in Asia-Pacific.

North America region is expected to witness a significant growth rate over the forecast period. In the United States and Canada, the use of professional audiovisual systems is at an all-time high. In the area, the United States is the main market for pro AV systems and pro speaker systems and solutions. Millennials are the primary drivers of the market. They are technologically sophisticated, and the majority of them are smartphone addicts.

In the European market, demand for new pro AV systems is increasing, with upgrades and replacements projected to fuel the market development. Furthermore, Western European economies are mature markets with minimal product differentiation, resulting in product saturation. Latin America is famed for its music festivals, which draw visitors from all over the world. These events are important buyers of professional audiovisual equipment, such as professional speaker systems, among other things.

Key Industry Developments in the Pro Speaker Market:

  • In January 2022, the new JBL PartyBox Encore is the latest addition to JBL's PartyBox speaker line. The portable party speaker is supposed to produce 100W of music and is splash-proof to IPX4 standards.
  • In October 2021, In India, Soundcore Select Pro made its debut. The portable's 6,700mAh battery allows for a total playback length of up to 16 hours. It boasts a total output of up to 30W, two bespoke drivers, four passive radiators, as well as the company's BassUp Technology. Anker's Soundcore Select Pro boasts an IPX7 water-resistant rating and is supposed to be submersible. The portable speaker's LED lights "blink and dance" in response to the music being played. The Soundcore portable speaker uses Bluetooth v5 to connect to any device.

COVID-19 Impact on the Pro Speaker Market:

COVID-19 disease outbreak in 2020 has disrupted the functioning of various industries. Several government-imposed lockdowns to curb the spread of the Coronavirus. Restrictions were also imposed on the transportation of raw materials, components, and digital equipment required for the manufacturing of speakers. Restrictions were imposed on non-essential sectors which included pro speaker manufacturing plants thus, negatively impacting the production and sales of pro speakers. Moreover, the unavailability of workers in manufacturing plants, the shutdown of retail outlets, and the decline in logistics operations have further restricted the market growth. Due to increasing living costs and uncertainty in the economy consumers will restrict their spending on non-essential products hence, recovery of the pro speaker market is expected to be slow in the period of forecast. The COVID-19 pandemic has affected the pro-speaker market dramatically. There are significant disturbances to the demand for the pro speaker across different end-use industries with the global impact on the production for the pro speaker and the manufacturers. The pandemic has resulted in impacting the global electronic industry. The COVID-19 pandemic led to a huge loss to the electronic industry. Due to the COVID-19, most main players are focused on numerous initiatives, including product innovation, strategic relations, and emerging technology launches. Moreover, due to the COVID-19 pandemic and the depleting import and export activities. This factor has enabled major players to invest heavily in exploration activities to raise the demand from various application industries.

Global Pro Speaker Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 1.98 Bn.

Forecast Period 2022-28 CAGR:

4.06%

Market Size in 2028:

USD 2.70 Bn.

Segments Covered:

By Type

  • Point Source
  • Line Array
  • Sub Woofers
  • Others

By Format

  • Digital
  • Analog

By Distribution Channels

  • Retail
  • Online

By End-Users

  • Educational Institutes
  • Corporates
  • Large Venues & Events
  • Government & Military
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increased Spending on the Entertainment Products

Key Market Restraints:

  • Government Regulations

Key Opportunities:

  • Commercial Applications Creates an Opportunity

Companies Covered in the report:

  • Bosch, Bose, D&B Audiotechnik, JBL, HARMAN International, MUSIC Group (Music Tribe), and Other Major Players

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Product
 3.2 By Format
 3.3 By End-Users
 3.4 By Distribution Channel

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Pro Speaker Market by Product
 4.1 Pro Speaker Market Overview Snapshot and Growth Engine
 4.2 Pro Speaker Market Overview
 4.3 Point Source
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Point Source: Grographic Segmentation
 4.4 Line Array
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Line Array: Grographic Segmentation
 4.5 Sub Woofers
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Sub Woofers: Grographic Segmentation
 4.6 Others
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size (2016-2028F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Others: Grographic Segmentation

Chapter 5: Pro Speaker Market by Format
 5.1 Pro Speaker Market Overview Snapshot and Growth Engine
 5.2 Pro Speaker Market Overview
 5.3 Digital
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Digital: Grographic Segmentation
 5.4 Analog
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Analog: Grographic Segmentation

Chapter 6: Pro Speaker Market by End-Users
 6.1 Pro Speaker Market Overview Snapshot and Growth Engine
 6.2 Pro Speaker Market Overview
 6.3 Educational Institutes
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Educational Institutes: Grographic Segmentation
 6.4 Corporates
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Corporates: Grographic Segmentation
 6.5 Large Venues & Events
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Large Venues & Events: Grographic Segmentation
 6.6 Government & Military
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Government & Military: Grographic Segmentation
 6.7 Studio and Broadcasting
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Studio and Broadcasting: Grographic Segmentation
 6.8 Hospitality
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2016-2028F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Hospitality: Grographic Segmentation
 6.9 Others
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size (2016-2028F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Others: Grographic Segmentation

Chapter 7: Pro Speaker Market by Distribution Channel
 7.1 Pro Speaker Market Overview Snapshot and Growth Engine
 7.2 Pro Speaker Market Overview
 7.3 Retail
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Retail: Grographic Segmentation
 7.4 Online
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Online: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Pro Speaker Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Pro Speaker Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Pro Speaker Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 BOSCH
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 BOSE
 8.4 D&B AUDIOTECHNIK
 8.5 JBL
 8.6 HARMAN INTERNATIONAL
 8.7 MUSIC GROUP (MUSIC TRIBE)
 8.8 LOUD AUDIO
 8.9 L-ACOUSTICS
 8.10 YAMAHA
 8.11 AEB INDUSTRIALE (DB TECHNOLOGIES)
 8.12 PAN ACOUSTICS
 8.13 ALCONS AUDIO
 8.14 AUDIOPROF GROUP INTERNATIONAL
 8.15 HZ SOUND SYSTEMS
 8.16 BOWERS & WILKINS
 8.17 B&C SPEAKERS
 8.18 INMUSIC BRANDS
 8.19 CELTO ACOUSTIQUE
 8.20 CODA AUDIO
 8.21 DYNAUDIO
 8.22 ELECTRO-VOICE (EV)
 8.23 EXTRON ELECTRONICS
 8.24 HEDD (HEINZ ELECTRODYNAMIC DESIGNS)
 8.25 KLIPSCH AUDIO TECHNOLOGIES
 8.26 K-ARRAY
 8.27 MEYER SOUND LABORATORIES
 8.28 NADY SYSTEMS
 8.29 OUTLINE
 8.30 PROEL
 8.31 SOUNDCORE
 8.32 RENKUS-HEINZ
 8.33 CARLSON AUDIO SYSTEMS
 8.34 SENNHEISER

Chapter 9: Global Pro Speaker Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Product
  9.2.1 Point Source
  9.2.2 Line Array
  9.2.3 Sub Woofers
  9.2.4 Others
 9.3 Historic and Forecasted Market Size By Format
  9.3.1 Digital
  9.3.2 Analog
 9.4 Historic and Forecasted Market Size By End-Users
  9.4.1 Educational Institutes
  9.4.2 Corporates
  9.4.3 Large Venues & Events
  9.4.4 Government & Military
  9.4.5 Studio and Broadcasting
  9.4.6 Hospitality
  9.4.7 Others
 9.5 Historic and Forecasted Market Size By Distribution Channel
  9.5.1 Retail
  9.5.2 Online

Chapter 10: North America Pro Speaker Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Product
  10.4.1 Point Source
  10.4.2 Line Array
  10.4.3 Sub Woofers
  10.4.4 Others
 10.5 Historic and Forecasted Market Size By Format
  10.5.1 Digital
  10.5.2 Analog
 10.6 Historic and Forecasted Market Size By End-Users
  10.6.1 Educational Institutes
  10.6.2 Corporates
  10.6.3 Large Venues & Events
  10.6.4 Government & Military
  10.6.5 Studio and Broadcasting
  10.6.6 Hospitality
  10.6.7 Others
 10.7 Historic and Forecasted Market Size By Distribution Channel
  10.7.1 Retail
  10.7.2 Online
 10.8 Historic and Forecast Market Size by Country
  10.8.1 U.S.
  10.8.2 Canada
  10.8.3 Mexico

Chapter 11: Europe Pro Speaker Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Product
  11.4.1 Point Source
  11.4.2 Line Array
  11.4.3 Sub Woofers
  11.4.4 Others
 11.5 Historic and Forecasted Market Size By Format
  11.5.1 Digital
  11.5.2 Analog
 11.6 Historic and Forecasted Market Size By End-Users
  11.6.1 Educational Institutes
  11.6.2 Corporates
  11.6.3 Large Venues & Events
  11.6.4 Government & Military
  11.6.5 Studio and Broadcasting
  11.6.6 Hospitality
  11.6.7 Others
 11.7 Historic and Forecasted Market Size By Distribution Channel
  11.7.1 Retail
  11.7.2 Online
 11.8 Historic and Forecast Market Size by Country
  11.8.1 Germany
  11.8.2 U.K.
  11.8.3 France
  11.8.4 Italy
  11.8.5 Russia
  11.8.6 Spain

Chapter 12: Asia-Pacific Pro Speaker Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Product
  12.4.1 Point Source
  12.4.2 Line Array
  12.4.3 Sub Woofers
  12.4.4 Others
 12.5 Historic and Forecasted Market Size By Format
  12.5.1 Digital
  12.5.2 Analog
 12.6 Historic and Forecasted Market Size By End-Users
  12.6.1 Educational Institutes
  12.6.2 Corporates
  12.6.3 Large Venues & Events
  12.6.4 Government & Military
  12.6.5 Studio and Broadcasting
  12.6.6 Hospitality
  12.6.7 Others
 12.7 Historic and Forecasted Market Size By Distribution Channel
  12.7.1 Retail
  12.7.2 Online
 12.8 Historic and Forecast Market Size by Country
  12.8.1 China
  12.8.2 India
  12.8.3 Japan
  12.8.4 Southeast Asia

Chapter 13: South America Pro Speaker Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Product
  13.4.1 Point Source
  13.4.2 Line Array
  13.4.3 Sub Woofers
  13.4.4 Others
 13.5 Historic and Forecasted Market Size By Format
  13.5.1 Digital
  13.5.2 Analog
 13.6 Historic and Forecasted Market Size By End-Users
  13.6.1 Educational Institutes
  13.6.2 Corporates
  13.6.3 Large Venues & Events
  13.6.4 Government & Military
  13.6.5 Studio and Broadcasting
  13.6.6 Hospitality
  13.6.7 Others
 13.7 Historic and Forecasted Market Size By Distribution Channel
  13.7.1 Retail
  13.7.2 Online
 13.8 Historic and Forecast Market Size by Country
  13.8.1 Brazil
  13.8.2 Argentina

Chapter 14: Middle East & Africa Pro Speaker Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Product
  14.4.1 Point Source
  14.4.2 Line Array
  14.4.3 Sub Woofers
  14.4.4 Others
 14.5 Historic and Forecasted Market Size By Format
  14.5.1 Digital
  14.5.2 Analog
 14.6 Historic and Forecasted Market Size By End-Users
  14.6.1 Educational Institutes
  14.6.2 Corporates
  14.6.3 Large Venues & Events
  14.6.4 Government & Military
  14.6.5 Studio and Broadcasting
  14.6.6 Hospitality
  14.6.7 Others
 14.7 Historic and Forecasted Market Size By Distribution Channel
  14.7.1 Retail
  14.7.2 Online
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Saudi Arabia
  14.8.2 South Africa

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Pro Speaker Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 1.98 Bn.

Forecast Period 2022-28 CAGR:

4.06%

Market Size in 2028:

USD 2.70 Bn.

Segments Covered:

By Type

  • Point Source
  • Line Array
  • Sub Woofers
  • Others

By Format

  • Digital
  • Analog

By Distribution Channels

  • Retail
  • Online

By End-Users

  • Educational Institutes
  • Corporates
  • Large Venues & Events
  • Government & Military
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increased Spending on the Entertainment Products

Key Market Restraints:

  • Government Regulations

Key Opportunities:

  • Commercial Applications Creates an Opportunity

Companies Covered in the report:

  • Bosch, Bose, D&B Audiotechnik, JBL, HARMAN International, MUSIC Group (Music Tribe), and Other Major Players

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. PRO SPEAKER MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. PRO SPEAKER MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. PRO SPEAKER MARKET COMPETITIVE RIVALRY
TABLE 005. PRO SPEAKER MARKET THREAT OF NEW ENTRANTS
TABLE 006. PRO SPEAKER MARKET THREAT OF SUBSTITUTES
TABLE 007. PRO SPEAKER MARKET BY PRODUCT
TABLE 008. POINT SOURCE MARKET OVERVIEW (2016-2028)
TABLE 009. LINE ARRAY MARKET OVERVIEW (2016-2028)
TABLE 010. SUB WOOFERS MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. PRO SPEAKER MARKET BY FORMAT
TABLE 013. DIGITAL MARKET OVERVIEW (2016-2028)
TABLE 014. ANALOG MARKET OVERVIEW (2016-2028)
TABLE 015. PRO SPEAKER MARKET BY END-USERS
TABLE 016. EDUCATIONAL INSTITUTES MARKET OVERVIEW (2016-2028)
TABLE 017. CORPORATES MARKET OVERVIEW (2016-2028)
TABLE 018. LARGE VENUES & EVENTS MARKET OVERVIEW (2016-2028)
TABLE 019. GOVERNMENT & MILITARY MARKET OVERVIEW (2016-2028)
TABLE 020. STUDIO AND BROADCASTING MARKET OVERVIEW (2016-2028)
TABLE 021. HOSPITALITY MARKET OVERVIEW (2016-2028)
TABLE 022. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 023. PRO SPEAKER MARKET BY DISTRIBUTION CHANNEL
TABLE 024. RETAIL MARKET OVERVIEW (2016-2028)
TABLE 025. ONLINE MARKET OVERVIEW (2016-2028)
TABLE 026. NORTH AMERICA PRO SPEAKER MARKET, BY PRODUCT (2016-2028)
TABLE 027. NORTH AMERICA PRO SPEAKER MARKET, BY FORMAT (2016-2028)
TABLE 028. NORTH AMERICA PRO SPEAKER MARKET, BY END-USERS (2016-2028)
TABLE 029. NORTH AMERICA PRO SPEAKER MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 030. N PRO SPEAKER MARKET, BY COUNTRY (2016-2028)
TABLE 031. EUROPE PRO SPEAKER MARKET, BY PRODUCT (2016-2028)
TABLE 032. EUROPE PRO SPEAKER MARKET, BY FORMAT (2016-2028)
TABLE 033. EUROPE PRO SPEAKER MARKET, BY END-USERS (2016-2028)
TABLE 034. EUROPE PRO SPEAKER MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 035. PRO SPEAKER MARKET, BY COUNTRY (2016-2028)
TABLE 036. ASIA PACIFIC PRO SPEAKER MARKET, BY PRODUCT (2016-2028)
TABLE 037. ASIA PACIFIC PRO SPEAKER MARKET, BY FORMAT (2016-2028)
TABLE 038. ASIA PACIFIC PRO SPEAKER MARKET, BY END-USERS (2016-2028)
TABLE 039. ASIA PACIFIC PRO SPEAKER MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 040. PRO SPEAKER MARKET, BY COUNTRY (2016-2028)
TABLE 041. MIDDLE EAST & AFRICA PRO SPEAKER MARKET, BY PRODUCT (2016-2028)
TABLE 042. MIDDLE EAST & AFRICA PRO SPEAKER MARKET, BY FORMAT (2016-2028)
TABLE 043. MIDDLE EAST & AFRICA PRO SPEAKER MARKET, BY END-USERS (2016-2028)
TABLE 044. MIDDLE EAST & AFRICA PRO SPEAKER MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 045. PRO SPEAKER MARKET, BY COUNTRY (2016-2028)
TABLE 046. SOUTH AMERICA PRO SPEAKER MARKET, BY PRODUCT (2016-2028)
TABLE 047. SOUTH AMERICA PRO SPEAKER MARKET, BY FORMAT (2016-2028)
TABLE 048. SOUTH AMERICA PRO SPEAKER MARKET, BY END-USERS (2016-2028)
TABLE 049. SOUTH AMERICA PRO SPEAKER MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 050. PRO SPEAKER MARKET, BY COUNTRY (2016-2028)
TABLE 051. BOSCH: SNAPSHOT
TABLE 052. BOSCH: BUSINESS PERFORMANCE
TABLE 053. BOSCH: PRODUCT PORTFOLIO
TABLE 054. BOSCH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. BOSE: SNAPSHOT
TABLE 055. BOSE: BUSINESS PERFORMANCE
TABLE 056. BOSE: PRODUCT PORTFOLIO
TABLE 057. BOSE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. D&B AUDIOTECHNIK: SNAPSHOT
TABLE 058. D&B AUDIOTECHNIK: BUSINESS PERFORMANCE
TABLE 059. D&B AUDIOTECHNIK: PRODUCT PORTFOLIO
TABLE 060. D&B AUDIOTECHNIK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. JBL: SNAPSHOT
TABLE 061. JBL: BUSINESS PERFORMANCE
TABLE 062. JBL: PRODUCT PORTFOLIO
TABLE 063. JBL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. HARMAN INTERNATIONAL: SNAPSHOT
TABLE 064. HARMAN INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 065. HARMAN INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 066. HARMAN INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. MUSIC GROUP (MUSIC TRIBE): SNAPSHOT
TABLE 067. MUSIC GROUP (MUSIC TRIBE): BUSINESS PERFORMANCE
TABLE 068. MUSIC GROUP (MUSIC TRIBE): PRODUCT PORTFOLIO
TABLE 069. MUSIC GROUP (MUSIC TRIBE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. LOUD AUDIO: SNAPSHOT
TABLE 070. LOUD AUDIO: BUSINESS PERFORMANCE
TABLE 071. LOUD AUDIO: PRODUCT PORTFOLIO
TABLE 072. LOUD AUDIO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. L-ACOUSTICS: SNAPSHOT
TABLE 073. L-ACOUSTICS: BUSINESS PERFORMANCE
TABLE 074. L-ACOUSTICS: PRODUCT PORTFOLIO
TABLE 075. L-ACOUSTICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. YAMAHA: SNAPSHOT
TABLE 076. YAMAHA: BUSINESS PERFORMANCE
TABLE 077. YAMAHA: PRODUCT PORTFOLIO
TABLE 078. YAMAHA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. AEB INDUSTRIALE (DB TECHNOLOGIES): SNAPSHOT
TABLE 079. AEB INDUSTRIALE (DB TECHNOLOGIES): BUSINESS PERFORMANCE
TABLE 080. AEB INDUSTRIALE (DB TECHNOLOGIES): PRODUCT PORTFOLIO
TABLE 081. AEB INDUSTRIALE (DB TECHNOLOGIES): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. PAN ACOUSTICS: SNAPSHOT
TABLE 082. PAN ACOUSTICS: BUSINESS PERFORMANCE
TABLE 083. PAN ACOUSTICS: PRODUCT PORTFOLIO
TABLE 084. PAN ACOUSTICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. ALCONS AUDIO: SNAPSHOT
TABLE 085. ALCONS AUDIO: BUSINESS PERFORMANCE
TABLE 086. ALCONS AUDIO: PRODUCT PORTFOLIO
TABLE 087. ALCONS AUDIO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. AUDIOPROF GROUP INTERNATIONAL: SNAPSHOT
TABLE 088. AUDIOPROF GROUP INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 089. AUDIOPROF GROUP INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 090. AUDIOPROF GROUP INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. HZ SOUND SYSTEMS: SNAPSHOT
TABLE 091. HZ SOUND SYSTEMS: BUSINESS PERFORMANCE
TABLE 092. HZ SOUND SYSTEMS: PRODUCT PORTFOLIO
TABLE 093. HZ SOUND SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 093. BOWERS & WILKINS: SNAPSHOT
TABLE 094. BOWERS & WILKINS: BUSINESS PERFORMANCE
TABLE 095. BOWERS & WILKINS: PRODUCT PORTFOLIO
TABLE 096. BOWERS & WILKINS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 096. B&C SPEAKERS: SNAPSHOT
TABLE 097. B&C SPEAKERS: BUSINESS PERFORMANCE
TABLE 098. B&C SPEAKERS: PRODUCT PORTFOLIO
TABLE 099. B&C SPEAKERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 099. INMUSIC BRANDS: SNAPSHOT
TABLE 100. INMUSIC BRANDS: BUSINESS PERFORMANCE
TABLE 101. INMUSIC BRANDS: PRODUCT PORTFOLIO
TABLE 102. INMUSIC BRANDS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102. CELTO ACOUSTIQUE: SNAPSHOT
TABLE 103. CELTO ACOUSTIQUE: BUSINESS PERFORMANCE
TABLE 104. CELTO ACOUSTIQUE: PRODUCT PORTFOLIO
TABLE 105. CELTO ACOUSTIQUE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 105. CODA AUDIO: SNAPSHOT
TABLE 106. CODA AUDIO: BUSINESS PERFORMANCE
TABLE 107. CODA AUDIO: PRODUCT PORTFOLIO
TABLE 108. CODA AUDIO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 108. DYNAUDIO: SNAPSHOT
TABLE 109. DYNAUDIO: BUSINESS PERFORMANCE
TABLE 110. DYNAUDIO: PRODUCT PORTFOLIO
TABLE 111. DYNAUDIO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 111. ELECTRO-VOICE (EV): SNAPSHOT
TABLE 112. ELECTRO-VOICE (EV): BUSINESS PERFORMANCE
TABLE 113. ELECTRO-VOICE (EV): PRODUCT PORTFOLIO
TABLE 114. ELECTRO-VOICE (EV): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 114. EXTRON ELECTRONICS: SNAPSHOT
TABLE 115. EXTRON ELECTRONICS: BUSINESS PERFORMANCE
TABLE 116. EXTRON ELECTRONICS: PRODUCT PORTFOLIO
TABLE 117. EXTRON ELECTRONICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 117. HEDD (HEINZ ELECTRODYNAMIC DESIGNS): SNAPSHOT
TABLE 118. HEDD (HEINZ ELECTRODYNAMIC DESIGNS): BUSINESS PERFORMANCE
TABLE 119. HEDD (HEINZ ELECTRODYNAMIC DESIGNS): PRODUCT PORTFOLIO
TABLE 120. HEDD (HEINZ ELECTRODYNAMIC DESIGNS): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 120. KLIPSCH AUDIO TECHNOLOGIES: SNAPSHOT
TABLE 121. KLIPSCH AUDIO TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 122. KLIPSCH AUDIO TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 123. KLIPSCH AUDIO TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 123. K-ARRAY: SNAPSHOT
TABLE 124. K-ARRAY: BUSINESS PERFORMANCE
TABLE 125. K-ARRAY: PRODUCT PORTFOLIO
TABLE 126. K-ARRAY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 126. MEYER SOUND LABORATORIES: SNAPSHOT
TABLE 127. MEYER SOUND LABORATORIES: BUSINESS PERFORMANCE
TABLE 128. MEYER SOUND LABORATORIES: PRODUCT PORTFOLIO
TABLE 129. MEYER SOUND LABORATORIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 129. NADY SYSTEMS: SNAPSHOT
TABLE 130. NADY SYSTEMS: BUSINESS PERFORMANCE
TABLE 131. NADY SYSTEMS: PRODUCT PORTFOLIO
TABLE 132. NADY SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 132. OUTLINE: SNAPSHOT
TABLE 133. OUTLINE: BUSINESS PERFORMANCE
TABLE 134. OUTLINE: PRODUCT PORTFOLIO
TABLE 135. OUTLINE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 135. PROEL: SNAPSHOT
TABLE 136. PROEL: BUSINESS PERFORMANCE
TABLE 137. PROEL: PRODUCT PORTFOLIO
TABLE 138. PROEL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 138. SOUNDCORE: SNAPSHOT
TABLE 139. SOUNDCORE: BUSINESS PERFORMANCE
TABLE 140. SOUNDCORE: PRODUCT PORTFOLIO
TABLE 141. SOUNDCORE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 141. RENKUS-HEINZ: SNAPSHOT
TABLE 142. RENKUS-HEINZ: BUSINESS PERFORMANCE
TABLE 143. RENKUS-HEINZ: PRODUCT PORTFOLIO
TABLE 144. RENKUS-HEINZ: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 144. CARLSON AUDIO SYSTEMS: SNAPSHOT
TABLE 145. CARLSON AUDIO SYSTEMS: BUSINESS PERFORMANCE
TABLE 146. CARLSON AUDIO SYSTEMS: PRODUCT PORTFOLIO
TABLE 147. CARLSON AUDIO SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 147. SENNHEISER: SNAPSHOT
TABLE 148. SENNHEISER: BUSINESS PERFORMANCE
TABLE 149. SENNHEISER: PRODUCT PORTFOLIO
TABLE 150. SENNHEISER: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. PRO SPEAKER MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. PRO SPEAKER MARKET OVERVIEW BY PRODUCT
FIGURE 012. POINT SOURCE MARKET OVERVIEW (2016-2028)
FIGURE 013. LINE ARRAY MARKET OVERVIEW (2016-2028)
FIGURE 014. SUB WOOFERS MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. PRO SPEAKER MARKET OVERVIEW BY FORMAT
FIGURE 017. DIGITAL MARKET OVERVIEW (2016-2028)
FIGURE 018. ANALOG MARKET OVERVIEW (2016-2028)
FIGURE 019. PRO SPEAKER MARKET OVERVIEW BY END-USERS
FIGURE 020. EDUCATIONAL INSTITUTES MARKET OVERVIEW (2016-2028)
FIGURE 021. CORPORATES MARKET OVERVIEW (2016-2028)
FIGURE 022. LARGE VENUES & EVENTS MARKET OVERVIEW (2016-2028)
FIGURE 023. GOVERNMENT & MILITARY MARKET OVERVIEW (2016-2028)
FIGURE 024. STUDIO AND BROADCASTING MARKET OVERVIEW (2016-2028)
FIGURE 025. HOSPITALITY MARKET OVERVIEW (2016-2028)
FIGURE 026. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 027. PRO SPEAKER MARKET OVERVIEW BY DISTRIBUTION CHANNEL
FIGURE 028. RETAIL MARKET OVERVIEW (2016-2028)
FIGURE 029. ONLINE MARKET OVERVIEW (2016-2028)
FIGURE 030. NORTH AMERICA PRO SPEAKER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. EUROPE PRO SPEAKER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. ASIA PACIFIC PRO SPEAKER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. MIDDLE EAST & AFRICA PRO SPEAKER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 034. SOUTH AMERICA PRO SPEAKER MARKET OVERVIEW BY COUNTRY (2016-2028)

Frequently Asked Questions :

What would be the forecast period in the Pro Speaker Market research report?

The forecast period in the Pro Speaker Market research report is 2022-2028.

Who are the key players in Pro Speaker Market?

Bosch, Bose, D&B Audiotechnik, JBL, HARMAN International, MUSIC Group (Music Tribe), Loud Audio, L-Acoustics, Yamaha, Aeb Industriale (Db Technologies), Pan Acoustics, Alcons Audio, Audioprof Group International, Hz Sound Systems, Bowers & Wilkins, B&C Speakers, inMusic Brands, CELTO Acoustique, CODA Audio, Dynaudio, Electro-Voice (EV), Extron Electronics, HEDD (Heinz Electrodynamic Designs), Klipsch Audio Technologies, K-Array, Meyer Sound Laboratories, Nady Systems, OUTLINE, PROEL, Soundcore, Renkus-Heinz, Carlson Audio Systems, Sennheiser, and Other Major Players.

What are the segments of Pro Speaker Market?

Pro Speaker Market is segmented into Type, Format, Distribution Channels, End-Users and region. By Type, the market is categorized into Point Source, Line Array, Sub Woofers, Others. By Format, the market is categorized into Digital, Analog. By Distribution Channel, the market is categorized into Retail, Online. By End-Users Market is categorized into Educational Institutes, Corporates, Large Venues & Events, Government & Military, Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Pro Speaker Market?

A professional speaker, abbreviated as a pro speaker, is an activity as well as a category of high-end, studio-grade audio equipment. Sound recording, sound reinforcement system setup, and audio mixing, as well as studio music production

How big is Pro Speaker Market?

Global Pro Speaker Market was valued at USD 1.98 Billion in 2021 and is expected to reach USD 2.70 Billion by the year 2028, at a CAGR of 4.06%.