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Sound Reinforcement Market (Product Type - Microphones, Professional Speakers, Audio Mixers, and Power Amplifiers; Format - Digital, and Analog; End-user - Corporate, Education, Large Venue & Events, and Hospitality): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : January, 2020

  • Rep Id : ICT1319

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Sound Reinforcement Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Sound Reinforcement Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Sound Reinforcement Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on sound reinforcement market provides in-depth analysis of segments and sub-segments in the global as well as regional sound reinforcement market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sound reinforcement market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global sound reinforcement market. According to the report, the global sound reinforcement market is projected to grow at a CAGR of 2.8% over the forecast period of 2019-2025.

 

Market Insight

A sound reinforcement system is designed and engineered to capture and amplify sound and deliver it to an audience. The clear role of sound reinforcement has to distribute sound evenly to the areas where the listeners are. While at the same time ensuring that sound is not directed to non-listener areas such as the walls and ceiling. It is also used to transmit the sound to a remote location through an audio or video conference or record or streaming it for later distribution.

 

The growing use of IoT in professional AV equipment or AV business is driving the growth of the market. Internet of Things (IoT) has greatly established for everywhere conversation. Data collected through IoT interaction can help in the larger context of the workflow. It is also helping to allocate AV and other business resources. Growing demand for sound appliances such as speakers, microphones, processors, and others in clubs, malls, hospitals, factories, distribution centers, and for public addressing drive the growth of the market. Furthermore, the shifts in consumer demand for live entertainment and live concerts provide significant growth to the market. The institutional workplaces and corporate sector are increasingly adopting equipment such as Pro AV solutions to smoothen the flow of work activities. Hence, increasing demand from corporate, educational, and government sectors is propelling the growth of the sound reinforcement market. However, the high cost of equipment is affecting the growth of the market. Moreover, advancements in technology that help sound enhancement products to fare better in terms of connectivity, usage, sensor technology, design, and signal transmission provides a significant growth opportunity.

 

Geographically, North America holds the largest share of the sound reinforcement market owing to the booming live music industry, the growing convergence of Pro AV and IoT, and changing corporate dynamics. Further, the rising adoption of sound reinforcement systems across educational institutes and government offices are expected to drive the US sound reinforcement market in the coming years. Moreover, rapid urbanization and industrialization are contributing to the growth of the market in this region. The presence of a large number of local and global players also, an increase in product or service extensions, technological innovations, and M&A is expected to drive the US sound reinforcement market. Asia Pacific region is growing with a healthy CAGR owing to the presence of vendors such as Shure, Sennheiser, Audio-Technica, Bose, Harman, Sony, and Yamaha, offering products to a diverse range of market verticals.

 

Segment Covered

The report on the global sound reinforcement market covers segments such as product type, format, and end-user. On the basis of product type, the sub-markets include microphones, professional speakers, audio mixers, and power amplifiers. On the basis of format, the sub-markets include digital, and analog. On the basis of end-user, the sub-markets include corporate, education, large venue & events, and hospitality.

 

Companies Profiled:

The report provides profiles of the companies in the market such as MUSIC Group, Audio-Technica, Bose, HARMAN, SENNHEISER, SHURE, CODA Audio, Sony, Audix Microphone, and Yamaha.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the sound reinforcement market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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