Global Professional Audio Market Overview:
Professional audio or pro audio refers to both an activity and a category of high quality, studio-grade audio equipment. Typically it comprises sound recording, sound reinforcement system setup and audio mixing, and studio music production by trained sound engineers, audio engineers, record producers, and audio technicians who work in live event support and recording using recording equipment, audio mixers, and sound reinforcement systems. Based on the Type, the market has been bifurcated into hardware and software.
Growth Drivers
- The Escalating Live Events and Stage Shows across the Globe
- The Surging Demand for Professional Audio from the Broadcasting Industry
- The Surging Demand from Consumer Side for the Software’s and Hardware’s
Roadblocks
- A High Cost of Professional Audio Equipment’s
Opportunities
- The Technological Advancements in Professional Audio Hardware’s and Software’s
- The Growth Opportunities from Developing Countries
Competitive Landscape:
Some of the key players profiled in the report are Sennheiser (Germany), Yamaha Corporation (Japan), Audio-Tehcnica (Japan), Shure (United States), AKG (Austria), Performance Audio, LLC (United States), Lewitt Audio (Austria), Sony Corporation (Japan), Takstar (China), MIPRO (Taiwan) and Allen and heath (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like TOA Corp. (Japan), Wisycom (Italy), Beyerdynamic (Germany) and Lectrosonic (New Mexico). Analyst at AMA Research see Japanese Vendors to retain maximum share of Global Professional Audio market by 2026.
Latest Market Insights:
On 6 June 2018, At InfoComm, Yamaha and Sennheiser have announced that the Sennheiser Digital 6000 microphone systems can be seamlessly integrated into Yamaha CL and QL series consoles with the upcoming Sennheiser and Yamaha firmware updates. These updates mean that Sennheiser’s EM 6000 and EM 6000 DANTE wireless receivers can be monitored directly from the consoles, allowing engineers to check parameters such as RF performance, link quality, audio level, and battery status directly from the console as well as adjust certain parameters without the need for additional software or screens. This integration is already available for Soundcraft Vi000 consoles.
On 17 April 2018, the multi-award-winning LEWITT LCT 640 TS has just been honored with a Musikmesse International Press Award (MIPA) in the category Recording Hardware.
What Can be Explored with the Professional Audio Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Professional Audio Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Professional Audio
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Professional Audio market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Professional Audio market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Professional Audio Software Providers, Professional Audio Hardware Manufacturers, Professional Audio Hardware Traders, Technology Investors, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.