Pro Audio Equipment Market

Global Pro Audio Equipment Market Size, Trends & Analysis - Forecasts to 2027 By Product (Audio Sound Mixers, Power Amplifiers, Wired and Wireless Microphones, Headphones, Audio Monitors, Conference System, Professional Speakers and Other Products), By Technology (Wired, Wireless and Smart Technology), By Application (Corporate Bodies, Large Venues & Events, Educational Institutions, Government Bodies, Studio & Broadcasting, Hospitality Industry and Other Applications), By Distribution Channel (Offline Retail Channel and Online Retail Channel), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Company Market Share Analysis, and Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on April 18 2024 with the latest and most recent market numbers

Global Pro Audio Equipment Market Size

The global pro audio equipment market is projected to grow at a CAGR value of 6.2% from 2022 to 2027.

Professional audio - abbreviated as pro audio - equipment comprises both the activity and premium quality, studio-grade audio equipment. These devices are used for functions such as sound recording, audio mixing, sound reinforcement system, overall music production by record producers, sound engineers, etc. Such pro audio equipment mostly include speakers, monitors, microphones, amplifiers, among others, and are used for various purposes like public address systems, movie theatre, radio broadcast stations, television studios, motor vehicles, among others. Overall, pro audio equipment greatly differs from audio equipment used for non-commercial purposes.

The market will be driven during the forecast period by increasing usage of wireless communication devices, wearables, portable music devices, increased digitalisation, and usage of the AI in music industry leading to a surge in demand for audio-visual technologies in corporate and educational institutions as well as for error proof audio production for the music industry, advertising, films, among other things.

Furthermore, the rise in the number of large-scale events like global concerts, music festivals, sports events, along with an increased demand for such equipment to improve customer experience in exhibitions, malls, pubs, etc., also boosts the market growth. The rising usage of pro audio equipment in automobiles is also another market driver.

The COVID-19 pandemic has impacted the pro audio equipment market in several ways. On one hand the lockdowns and restrictions imposed have disrupted supply chains and production of such equipment. The cancellation of large scale events like music concerts, movie productions, sport events and shutting down of colleges, schools, offices, all have brought down the commercial demand for such equipment thus, negatively affecting this market. However on the other hand, with the upliftment of lockdown norms, the market is expected to pick up its pace at a decent growth rate.

global pro audio equipment market

Global Pro Audio Equipment Market: By Product

Based on the product type, the global pro audio equipment market is divided into audio sound mixers, power amplifiers, wired and wireless microphones, headphones, audio monitors, conference system, professional speakers and other products. The wired and wireless microphones is expected to be the largest segment in the forecast period of 2022-2027.

The rising strategic investment steps in pro audio equipment in entertainment industry, increasing number of sport events and in particular the rising integration of such audio equipment like microphones for daily usage in corporate and educational institutes like school, college and universities will boost market growth.

Global Pro Audio Equipment Market: By Technology

Based on the technology, the global pro audio equipment market is divided into wired, wireless and smart technology. The wireless segment is expected to grow the fastest in the market during the forecast period of 2022-2027.

With fast expansion and adoption of the wireless segment, it is widely used for various purposes across sectors due to the convenience of easy mobility. Wireless equipment is used extensively in the entertainment industry for plays, music recording, small scale events, among other things.

Global Pro Audio Equipment Market: By Application

Based on the application, the global pro audio equipment market is divided into corporate bodies, large venues & events, educational institutions, government bodies, studio & broadcasting, hospitality industry and other applications. The large venues and events is expected to grow the fastest in the market during the forecast period of 2022-2027.

Rise in number of large scale venue events like music festivals, concerts, sports matches along with comparatively smaller venues of movie theatres, exhibitions, malls, among other events leading to a rise in demand for such pro audio equipment will help boost the growth of this market.

Global Pro Audio Equipment Market: By Distribution Channel

Based on the distribution channel, the global pro audio equipment market is divided into offline retail channel and online retail channel. The offline retail channel is expected to be the largest segment in terms of distribution channel during the forecast period of 2022-2027.

Despite gradual shift to online channels of purchase, the offline way that is, professional audio stores and music stores worldwide dominate this segmentation.

asia pacific pro audio equipment market

Global Pro Audio Equipment Market: By Region

As per the geographical analysis, the Global Pro Audio Equipment Market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

North America (the United States, Canada, and Mexico) will have a dominant share in the Global Pro Audio Equipment Market from 2022 to 2027. The major factor driving the growth of the market in the North American region is the presence of popular brands of pr-audio equipment. The presence of major music festivals, concert production and an overall popular entertainment and music industry will help increase market growth.

Moreover, the Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) region is expected to be the fastest-growing segment in the global pro audio equipment market during the forecast period. The growth will be led by countries like India, China, Japan, South Korea, among others. The growingly popular and well established entertainment industries in these countries will especially help boost market growth in the region. Overall drive to adopt better technology in developing nations is another driver. Several countries in the region are also hubs for electronics manufacturing, thus helping the market of pro audio equipment to grow.

Global Pro Audio Equipment Market Share and Competitor Analysis

Casio Computer Co., Ltd., C. F. Martin & Company, Fender Musical Instruments, Gibson Brands, Harman International, KORG Inc, Roland Corporation, Sennheiser Electronic GmbH & Co. KG, Shure Incorporated, Inc., Yamaha Corporation and others are the key players in the global pro audio equipment market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Global Pro Audio Equipment Industry Overview, 2022-2027

2.1.1 Industry Overview

2.1.2 Product Overview

2.1.3 Technology Overview

2.1.4 Application Overview

2.1.5 Distribution Channel Overview

2.1.6 Regional Overview

Chapter 3 Global Pro Audio Equipment Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2022-2027

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Advancements in wireless communication

3.3.2 Industry Challenges

3.3.2.1 High maintenance cost

3.4 Prospective Growth Scenario

3.4.1 Product Growth Scenario

3.4.2 Technology Growth Scenario

3.4.3 Application Growth Scenario

3.4.4 Distribution Channel Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 Central & South America

3.9.5 MEA

3.10 Materials Overview

3.11 Market Share Analysis, 2022

3.11.1 Company Positioning Overview, 2022

Chapter 4 Global Pro Audio Equipment Market, By Product

4.1 Product Outlook

4.2 Audio Sound Mixers

4.2.1 Market Size, By Region, 2022-2027 (USD Million)

4.3 Power Amplifiers

4.3.1 Market Size, By Region, 2022-2027 (USD Million)

4.4 Wired and Wireless Microphones

4.4.1 Market Size, By Region, 2022-2027 (USD Million)

4.5 Headphones

4.5.1 Market Size, By Region, 2022-2027 (USD Million)

4.6 Audio Monitors

4.6.1 Market Size, By Region, 2022-2027 (USD Million)

4.7 Conference System

4.7.1 Market Size, By Region, 2022-2027 (USD Million)

4.8 Professional Speakers

4.8.1 Market Size, By Region, 2022-2027 (USD Million)

4.9 Other Products

4.9.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 5 Global Pro Audio Equipment Market, By Technology

5.1 Technology Outlook

5.2 Wired

5.2.1 Market Size, By Region, 2022-2027 (USD Million)

5.3 Wireless

5.3.1 Market Size, By Region, 2022-2027 (USD Million)

5.4 Smart Technology

5.4.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 6 Global Pro Audio Equipment Market, By Application

6.1 Corporate Bodies

6.1.1 Market Size, By Region, 2022-2027 (USD Million)

6.2 Large Venues & Events