Global Pro Speaker Market Overview
The Global Pro Speaker Market size is expected to grow from USD 2.16 billion in 2023 to USD 3.22 billion by 2032, at a CAGR of 4.51% during the forecast period (2024-2032).
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 2023, Mustard, an Indian lifestyle electronics manufacturer, launched the Mellow Pro, a mobile wireless party speaker with 80 watts of audio strength and an integrated light show function that promises to turn any space into a dance floor.
- In February 2023, Aiwa India introduced three new audio products: the Aiwa MIX- 440 Enigma Beta, the RS-X 100, and the RS-X 150 Natsukasii Pro. The three speakers belong to the brand's "Luxury Acoustics" range, which caters to audiophiles' demands for exclusivity, luxury, and superior sound quality.
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 |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 2.16 Bn. |
Forecast Period 2024-32 CAGR: |
4.51% |
Market Size in 2032: |
USD 3.22 Bn. |
Segments Covered: |
By Type |
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By Format |
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By Distribution Channels |
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By End-Users |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
ā3.1 By Type
ā3.2 By Format
ā3.3 By Distribution Channels
ā3.4 By End-Users
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on Pricing
Chapter 5: Pro Speaker Market by Type
ā5.1 Pro Speaker Market Overview Snapshot and Growth Engine
ā5.2 Pro Speaker Market Overview
ā5.3 Point Source
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2017-2032F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Point Source: Geographic Segmentation
ā5.4-Line Array
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2017-2032F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Line Array: Geographic Segmentation
ā5.5 Subwoofers
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size (2017-2032F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Subwoofers: Geographic Segmentation
ā5.6 Others
āā5.6.1 Introduction and Market Overview
āā5.6.2 Historic and Forecasted Market Size (2017-2032F)
āā5.6.3 Key Market Trends, Growth Factors and Opportunities
āā5.6.4 Others: Grographic Segmentation
Chapter 6: Pro Speaker Market by Format
ā6.1 Pro Speaker Market Overview Snapshot and Growth Engine
ā6.2 Pro Speaker Market Overview
ā6.3 Digital
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2017-2032F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Digital: Grographic Segmentation
ā6.4 Analog
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2017-2032F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Analog: Grographic Segmentation
Chapter 7: Pro-Speaker Market by Distribution Channels
ā7.1 Pro Speaker Market Overview Snapshot and Growth Engine
ā7.2 Pro Speaker Market Overview
ā7.3 Retail
āā7.3.1 Introduction and Market Overview
āā7.3.2 Historic and Forecasted Market Size (2017-2032F)
āā7.3.3 Key Market Trends, Growth Factors and Opportunities
āā7.3.4 Retail: Grographic Segmentation
ā7.4 Online
āā7.4.1 Introduction and Market Overview
āā7.4.2 Historic and Forecasted Market Size (2017-2032F)
āā7.4.3 Key Market Trends, Growth Factors and Opportunities
āā7.4.4 Online: Grographic Segmentation
Chapter 8: Pro Speaker Market by End-Users
ā8.1 Pro Speaker Market Overview Snapshot and Growth Engine
ā8.2 Pro Speaker Market Overview
ā8.3 Educational Institutes
āā8.3.1 Introduction and Market Overview
āā8.3.2 Historic and Forecasted Market Size (2017-2032F)
āā8.3.3 Key Market Trends, Growth Factors and Opportunities
āā8.3.4 Educational Institutes: Geographic Segmentation
ā8.4 Corporates
āā8.4.1 Introduction and Market Overview
āā8.4.2 Historic and Forecasted Market Size (2017-2032F)
āā8.4.3 Key Market Trends, Growth Factors and Opportunities
āā8.4.4 Corporates: Geographic Segmentation
ā8.5 Large Venues & Events
āā8.5.1 Introduction and Market Overview
āā8.5.2 Historic and Forecasted Market Size (2017-2032F)
āā8.5.3 Key Market Trends, Growth Factors and Opportunities
āā8.5.4 Large Venues & Events: Geographic Segmentation
ā8.6 Government & Military
āā8.6.1 Introduction and Market Overview
āā8.6.2 Historic and Forecasted Market Size (2017-2032F)
āā8.6.3 Key Market Trends, Growth Factors and Opportunities
āā8.6.4 Government & Military: Geographic Segmentation
ā8.7 Others
āā8.7.1 Introduction and Market Overview
āā8.7.2 Historic and Forecasted Market Size (2017-2032F)
āā8.7.3 Key Market Trends, Growth Factors and Opportunities
āā8.7.4 Others: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
ā9.1 Competitive Landscape
āā9.1.1 Competitive Positioning
āā9.1.2 Pro Speaker Sales and Market Share By Players
āā9.1.3 Industry BCG Matrix
āā9.1.4 Ansoff Matrix
āā9.1.5 Pro Speaker Industry Concentration Ratio (CR5 and HHI)
āā9.1.6 Top 5 Pro Speaker Players Market Share
āā9.1.7 Mergers and Acquisitions
āā9.1.8 Business Strategies By Top Players
ā9.2 BOSCH
āā9.2.1 Company Overview
āā9.2.2 Key Executives
āā9.2.3 Company Snapshot
āā9.2.4 Operating Business Segments
āā9.2.5 Product Portfolio
āā9.2.6 Business Performance
āā9.2.7 Key Strategic Moves and Recent Developments
āā9.2.8 SWOT Analysis
ā9.3 BOSE
ā9.4 D&B AUDIOTECHNIK
ā9.5 JBL
ā9.6 HARMAN INTERNATIONAL
ā9.7 MUSIC GROUP (MUSIC TRIBE)
ā9.8 LOUD AUDIO
ā9.9 L-ACOUSTICS
ā9.10 YAMAHA
ā9.11 AEB INDUSTRIALE (DB TECHNOLOGIES)
ā9.12 PAN ACOUSTICS
ā9.13 ALCONS AUDIO
ā9.14 AUDIOPROF GROUP INTERNATIONAL
ā9.15 HZ SOUND SYSTEMS
ā9.16 BOWERS & WILKINS
ā9.17 B&C SPEAKERS
ā9.18 INMUSIC BRANDS
ā9.19 CELTO ACOUSTIQUE
ā9.20 CODA AUDIO
ā9.21 DYNAUDIO
ā9.22 ELECTRO-VOICE (EV)
ā9.23 EXTRON ELECTRONICS
ā9.24 HEDD (HEINZ ELECTRODYNAMIC DESIGNS)
ā9.25 KLIPSCH AUDIO TECHNOLOGIES
ā9.26 K-ARRAY
ā9.27 MEYER SOUND LABORATORIES
ā9.28 NADY SYSTEMS
ā9.29 OUTLINE
ā9.30 PROEL
ā9.31 SOUNDCORE
ā9.32 RENKUS-HEINZ
ā9.33 CARLSON AUDIO SYSTEMS
ā9.34 SENNHEISER
ā9.35 OTHER MAJOR PLAYERS
Chapter 10: Global Pro Speaker Market Analysis, Insights and Forecast, 2017-2032
ā10.1 Market Overview
ā10.2 Historic and Forecasted Market Size By Type
āā10.2.1 Point Source
āā10.2.2 Line Array
āā10.2.3 Subwoofers
āā10.2.4 Others
ā10.3 Historic and Forecasted Market Size By Format
āā10.3.1 Digital
āā10.3.2 Analog
ā10.4 Historic and Forecasted Market Size By Distribution Channels
āā10.4.1 Retail
āā10.4.2 Online
ā10.5 Historic and Forecasted Market Size By End-Users
āā10.5.1 Educational Institutes
āā10.5.2 Corporates
āā10.5.3 Large Venues & Events
āā10.5.4 Government & Military
āā10.5.5 Others
Chapter 11: North America Pro Speaker Market Analysis, Insights and Forecast, 2017-2032
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Type
āā11.4.1 Point Source
āā11.4.2 Line Array
āā11.4.3 Subwoofers
āā11.4.4 Others
ā11.5 Historic and Forecasted Market Size By Format
āā11.5.1 Digital
āā11.5.2 Analog
ā11.6 Historic and Forecasted Market Size By Distribution Channels
āā11.6.1 Retail
āā11.6.2 Online
ā11.7 Historic and Forecasted Market Size By End-Users
āā11.7.1 Educational Institutes
āā11.7.2 Corporates
āā11.7.3 Large Venues & Events
āā11.7.4 Government & Military
āā11.7.5 Others
ā11.8 Historic and Forecast Market Size by Country
āā11.8.1 U.S.
āā11.8.2 Canada
āā11.8.3 Mexico
Chapter 12: Europe Pro Speaker Market Analysis, Insights and Forecast, 2017-2032
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Type
āā12.4.1 Point Source
āā12.4.2 Line Array
āā12.4.3 Sub Woofers
āā12.4.4 Others
ā12.5 Historic and Forecasted Market Size By Format
āā12.5.1 Digital
āā12.5.2 Analog
ā12.6 Historic and Forecasted Market Size By Distribution Channels
āā12.6.1 Retail
āā12.6.2 Online
ā12.7 Historic and Forecasted Market Size By End-Users
āā12.7.1 Educational Institutes
āā12.7.2 Corporates
āā12.7.3 Large Venues & Events
āā12.7.4 Government & Military
āā12.7.5 Others
ā12.8 Historic and Forecast Market Size by Country
āā12.8.1 Germany
āā12.8.2 U.K.
āā12.8.3 France
āā12.8.4 Italy
āā12.8.5 Russia
āā12.8.6 Spain
āā12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Pro Speaker Market Analysis, Insights and Forecast, 2017-2032
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Type
āā13.4.1 Point Source
āā13.4.2 Line Array
āā13.4.3 Subwoofers
āā13.4.4 Others
ā13.5 Historic and Forecasted Market Size By Format
āā13.5.1 Digital
āā13.5.2 Analog
ā13.6 Historic and Forecasted Market Size By Distribution Channels
āā13.6.1 Retail
āā13.6.2 Online
ā13.7 Historic and Forecasted Market Size By End-Users
āā13.7.1 Educational Institutes
āā13.7.2 Corporates
āā13.7.3 Large Venues & Events
āā13.7.4 Government & Military
āā13.7.5 Others
ā13.8 Historic and Forecast Market Size by Country
āā13.8.1 China
āā13.8.2 India
āā13.8.3 Japan
āā13.8.4 Singapore
āā13.8.5 Australia
āā13.86 New Zealand
āā13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Pro Speaker Market Analysis, Insights and Forecast, 2017-2032
ā14.1 Key Market Trends, Growth Factors and Opportunities
ā14.2 Impact of Covid-19
ā14.3 Key Players
ā14.4 Key Market Trends, Growth Factors and Opportunities
ā14.4 Historic and Forecasted Market Size By Type
āā14.4.1 Point Source
āā14.4.2 Line Array
āā14.4.3 Subwoofers
āā14.4.4 Others
ā14.5 Historic and Forecasted Market Size By Format
āā14.5.1 Digital
āā14.5.2 Analog
ā14.6 Historic and Forecasted Market Size By Distribution Channels
āā14.6.1 Retail
āā14.6.2 Online
ā14.7 Historic and Forecasted Market Size By End-Users
āā14.7.1 Educational Institutes
āā14.7.2 Corporates
āā14.7.3 Large Venues & Events
āā14.7.4 Government & Military
āā14.7.5 Others
ā14.8 Historic and Forecast Market Size by Country
āā14.8.1 Turkey
āā14.8.2 Saudi Arabia
āā14.8.3 Iran
āā14.8.4 UAE
āā14.8.5 Africa
āā14.8.6 Rest of MEA
Chapter 15: South America Pro Speaker Market Analysis, Insights and Forecast, 2017-2032
ā15.1 Key Market Trends, Growth Factors and Opportunities
ā15.2 Impact of Covid-19
ā15.3 Key Players
ā15.4 Key Market Trends, Growth Factors and Opportunities
ā15.4 Historic and Forecasted Market Size By Type
āā15.4.1 Point Source
āā15.4.2 Line Array
āā15.4.3 Subwoofers
āā15.4.4 Others
ā15.5 Historic and Forecasted Market Size By Format
āā15.5.1 Digital
āā15.5.2 Analog
ā15.6 Historic and Forecasted Market Size By Distribution Channels
āā15.6.1 Retail
āā15.6.2 Online
ā15.7 Historic and Forecasted Market Size By End-Users
āā15.7.1 Educational Institutes
āā15.7.2 Corporates
āā15.7.3 Large Venues & Events
āā15.7.4 Government & Military
āā15.7.5 Others
ā15.8 Historic and Forecast Market Size by Country
āā15.8.1 Brazil
āā15.8.2 Argentina
āā15.8.3 Rest of SA
Chapter 16: Investment Analysis
Chapter 17: Analyst Viewpoint and Conclusion
Global Pro Speaker Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 2.16 Bn. |
Forecast Period 2024-32 CAGR: |
4.51% |
Market Size in 2032: |
USD 3.22 Bn. |
Segments Covered: |
By Type |
|
|
By Format |
|
||
By Distribution Channels |
|
||
By End-Users |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
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Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Pro Speaker Market research report is 2024-2032.
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.
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.).
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
The Global Pro Speaker Market size is expected to grow from USD 2.16 billion in 2023 to USD 3.22 billion by 2032, at a CAGR of 4.51% during the forecast period (2024-2032).