Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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.
Please Choose One of them.