[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Pro Speakers Market - Global Outlook and Forecast 2019-2024

April 2019 | 375 pages | ID: P57D8B973EBEN
Arizton Advisory & Intelligence

US$ 4,000.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global pro speaker market is expected to reach around $2 billion, growing at a CAGR of close to 3% during 2018−2024.

The advent of technological advancements such as IoT and AR is driving the global pro speakers market. There is a massive demand for audio speakers in the commercial end-user segment as corporates are opting best-in-class AV solutions for smooth communication. The audio and video(AV) industry is experiencing a shift from analog to digital medium. The convergence of IoT and pro AV industry is projected to give rise to sophisticated cabling solutions in the pro speakers market. The demand for pro AV cables such as PoE is set to grow during the forecast period due to their growing application in the AV/IT domain. With rapid changes in the pro AV industry, the impact of IoT on pro speakers is easily noticeable. Vendors are focusing on developing countries to expand their business in the pro speakers market. Currently, the global pro speakers market is dominated by global vendors that are expected to expand the business, especially in the fast-developing countries of APAC and Latin America.

The corporate sector has emerged as the most significant end-user in the pro speakers market. With an increase in the competition, the corporate industry and institutions are increasingly adopting AV equipment to ease and manage the workflow at workplaces. Nowadays, the implementation of sound reinforcement equipment and video conferencing systems in the corporate sector has become a necessity. Therefore, vendors are introducing a new range of products, which are in-lined with the current requirement.

The global pro speakers market research report covers market sizing and forecast, market share, industry trends, growth drivers, and vendor analysis. The study includes insights on segmentation by product types (line array systems, point source systems, subwoofers, and other type), formats (digital and analog), end-users (corporates, large venues and events, educational institutes, government and military, studio and broadcasting, hospitality, and others), distribution channels (retail and online), and geography (North America, APAC, Europe, Latin America, and MEA).

The report considers the present scenario of the global pro speakers market and its market dynamics for the period 2019−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

Pro Speakers Market: Segmentation

This market research report includes a detailed segmentation of the market by products, formats, end-users, distribution channels, and geography.

The pro speakers market by product types can be divided into line array systems, point source systems, subwoofers, and other speaker types. Point source systems are the most popular variants, and they capture more than one-third of the pro speakers market. Line array speakers are the second most demanding variant that is generally used for the large touring production. Subwoofer speakers are low-frequency devices. They are designed to reproduce low- and sub-low frequency content and amplify bass sound waves. Theatres and multiplexes are the major users of subwoofer speakers.

The global pro speakers market by format can be divided into digital and analog. In terms of shipment, the digital segment accounted for more than 50% of the global pro speakers market in 2018. The segment is expected to growth at a CAGR of around 3% during the forecast period. Digital devices are witnessing increased proliferation worldwide.

The global pro speakers market has a wide range of end-users such as corporates, large venue and event organizers, educational institutes, government and military, studio and broadcasting, hospitality, and others. The corporates segment occupies nearly one-third of the market due to the growing demand for sound reinforcement and video conferencing solutions among corporates. The segment is expected to grow at a CAGR of nearly 3% during the forecast period. Also, increasing business opportunities, the growing footprint of companies, and the rising integration of IoT with business workflow processes are the major driving forces for the growth of the segment. With the rise in live performances, music concerts, and festivals, and music tours, the event organizers segment has emerged as the second largest end-users.

The pro speakers market has two primary distribution channels - retail stores (AV system integrators, pro AV and electronics stores, and pro AV dealers and distributors) and online stores. A majority of revenue is generated through retail channels as they are the most trusted destinations for end-users. The penetration of the internet is increasing the presence of professional speaker vendors online. E-commerce websites such as Amazon, eBay, SoundBroker.com, Americanmusical.com, Organgeaudio.co.uk, Alibaba, and AliExpress are offering professional speakers at competitive prices on their respective websites. The market is expected to witness growth in online stores during the forecast period.

Market Segmentation by Product Type
  • Point Source Speaker Systems
  • Line Array Speaker Systems
  • Subwoofers
      • Other Pro Speaker Systems
Market Segmentation by Formats
  • Digital
  • Analog
Market Segmentation by Distribution Channels
  • Online Stores
  • Retail Outlets
    • AV System Integrators
    • PRO AV Dealers & Distributors
    • PRO AV Electronic Stores
Market Segmentation by End-users
  • Corporates
  • Large Venues and Events
  • Educational Institutes
  • Government and Military
      • Studio and Broadcasting
  • Hospitality
  • Others
Pro Speakers Market - Geography

The pro speakers market is segmented into North America, APAC, Europe, Latin America, and MEA. North America captured around one-third of the pro speakers market, growing at a CAGR of approx. 3%. The region is the highest contributors to the market in terms of revenue as well as unit shipment. The US was the largest market for sound reinforcement solutions due to its growing music industry, increasing commercial construction activities, and increasing retail expansion. Factors such as a high spending power of the millennials and boomers, high participation in music festivals, growing adoption of smartphones, increasing inclination toward new technology, and high urbanization are driving the market in North America.

Market Segmentation by Geography
  • North America
    • US
    • Canada
  • APAC
    • Japan
    • China
    • Australia
    • South Korea
    • India
    • Indonesia
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Switzerland
    • Benelux
    • Scandinavia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Maghreb
Key Vendor Analysis

The pro speakers market is witnessing a high-demand from commercial and educational sectors due to the introduction of innovative and high-profile musical equipment. Leading vendors are introducing new methodologies to develop new-age audio equipment. Vendors are increasingly focusing on developing countries as they are offering high business opportunities for pro speakers products.

Major Vendors in the Pro Speaker Market
  • Bose
    • Business Overview
    • Major Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • D&B Audiotechnik
  • HARMAN International (SAMSUNG)
  • MUSIC Group (MUSIC Tribe)
  • Loud Audio
  • L-Acoustics
  • Yamaha
Prominent Players in the Pro Speaker Market
  • AEB Industriale (DB TECHNOLOGIES)
    • Business Overview
  • AlconsAudio
  • Audioprof Group International
  • Bowers &Wilkins
  • B&C Speakers
      • Carlson Audio Systems
      • Celto Acoustique
  • Coda Audio
  • Dynaudio
      • Electro voice
  • Extron Electronics
  • Hedd- Heinz Electrodynamic Design
  • Hz Sound Systems
  • InmusicBrands
      • Klipsch Audio Technologies
  • K-array
  • Meyer Sound Laboratories
  • NadySystems
  • Outline
  • Pan Acoustics
  • Proel
  • Pyle-pro
  • Renkus-Beinz
  • Robert Bosch
  • Sennheiser Electronic
Key Market Insights

1. An analysis of the global pro speakers market in terms of market sizing and growth opportunities during the forecast period 2019−2024
2. Comprehensive insights on current industry trends, market forecasting, growth drivers, challenges, and investment opportunities in the global pro speakers market
3. A complete overview of market segments and the regional outlook of the global pro speakers market
4. A detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the global pro speakers market
1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 Market Definition
  4.1.1 Inclusions
  4.1.2 Exclusions
4.2 Base Year
4.3 Scope Of The Study
4.4 Market Segments
  4.4.1 Market Segmentation By Products
  4.4.2 Based On Amplification Method
  4.4.3 Market Segmentation By End-Users
  4.4.4 Market Segmentation By Format
  4.4.5 Market Segmentation By Distribution
  4.4.6 Market Segmentation By Geography

5 REPORT ASSUMPTIONS & CAVEATS

5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 MARKET AT A GLANCE

7 INTRODUCTION

7.1 Overview
  7.1.1 Pro AV Solutions
  7.1.2 Sound Reinforcement
7.2 Macroeconomic Factors Enabling Market Growth
  7.2.1 Economic Development
  7.2.2 Per Capita GDP In Developing Markets
  7.2.3 Dual-Income Households In Developed Markets

8 MARKET DYNAMICS

8.1 Market Opportunities & Trends
  8.1.1 Growing Convergence Of Pro AV And IoT
  8.1.2 Emergence Of Networked Audio Technology
  8.1.3 Growing Adoption In Educational Institutions
  8.1.4 Increasing Number Of Exhibitions, Conferences, And Seminars
8.2 Market Growth Restraints
  8.2.1 Acoustical Challenges Related To Pro Speakers
  8.2.2 Volatility In Raw Material Prices Affecting Vendor Margins
  8.2.3 Increasing Protectionist Directives And Measures
8.3 Market Growth Enabler
  8.3.1 Increased Demand From Corporate, Government, And Institutions
  8.3.2 Growing Live Performance And Music Industry
  8.3.3 Increasing Number Of Sporting Events And Tournaments
  8.3.4 Growing Music Production And Recording Industry

9 VALUE CHAIN ANALYSIS

9.1 Overview
9.2 Value Chain Analysis
  9.2.1 Technology Suppliers
  9.2.2 OEMs
  9.2.3 AV Consultants Or Integrators
  9.2.4 System Dealers And Distributors
  9.2.5 System End-Users

10 MARKET LANDSCAPE

10.1 Sound Reinforcement Market Overview

11 PRO SPEAKER MARKET

11.1 Historical Data
11.2 Market Size & Forecast
11.3 Five Forces Analysis
  11.3.1 Threat Of New Entrants
  11.3.2 Bargaining Power Of Suppliers
  11.3.3 Bargaining Power Of Buyers
  11.3.4 Threat Of Substitutes
  11.3.5 Competitive Rivalry

12 BY PRODUCT

12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Point Source Speaker System
  12.3.1 Market Size & Forecast
  12.3.2 Market By Geography – Revenue & Unit Shipment
12.4 Line Array Speaker Systems
  12.4.1 Market Size & Forecast
  12.4.2 Market By Geography – Revenue & Unit Shipment
12.5 Subwoofers
  12.5.1 Market Size & Forecast
  12.5.2 Market By Geography – Revenue & Unit Shipment
12.6 Other Pro Speaker Systems
  12.6.1 Market Size & Forecast
  12.6.2 Market By Geography – Revenue & Unit Shipment

13 BY AMPLIFICATION METHOD

13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Passive Pro Speaker Systems
  13.3.1 Market Size & Forecast: Revenue & Unit Shipment
  13.3.2 Market By Geography – Revenue & Unit Shipment
13.4 Powered Speaker Systems
  13.4.1 Market Size & Forecast: Revenue & Unit Shipment
  13.4.2 Market By Geography – Revenue & Unit Shipment

14 BY END-USERS

14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Corporates
  14.3.1 Market Size & Forecast
  14.3.2 Market By Geography – Revenue & Unit Shipment
14.4 Large Venues & Events
  14.4.1 Market Size & Forecast
  14.4.2 Market By Geography – Revenue & Unit Shipment
14.5 Educational Institutions
  14.5.1 Market Size & Forecast
  14.5.2 Market By Geography – Revenue & Unit Shipment
14.6 Government & Military
  14.6.1 Market Size & Forecast
  14.6.2 Market By Geography – Revenue & Unit Shipment
14.7 Studio & Broadcasting
  14.7.1 Market Size & Forecast
  14.7.2 Market By Geography – Revenue & Unit Shipment
14.8 Hospitality
  14.8.1 Market Size & Forecast
  14.8.2 Market By Geography – Revenue & Unit Shipment
14.9 Other Sectors
  14.9.1 Market Size & Forecast
  14.9.2 Market By Geography – Revenue & Unit Shipment

15 BY FORMAT

15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Market Size & Forecast
  15.3.1 Digital & Analog Pro Speaker Systems
15.4 Market By Geography
  15.4.1 Digital Systems – Revenue & Unit Shipment
  15.4.2 Analog Systems – Revenue & Unit Shipment

16 BY DISTRIBUTION CHANNELS

16.1 Market Overview
16.2 Manufacturing, Production, & Distribution
16.3 Distribution Through Retail Stores
16.4 Distribution Through Online Websites

17 BY GEOGRAPHY

17.1 Market Snapshot & Growth Engine
17.2 Overview

18 NORTH AMERICA

18.1 Historic Data 2015−2017
18.2 Market Size & Forecast 2018−2024
18.3 Market By Product Type
  18.3.1 Revenue
  18.3.2 Unit Shipment
18.4 Market By End-User Type
  18.4.1 Revenue
  18.4.2 Unit Shipment
18.5 Market By Amplification Method
  18.5.1 Revenue
  18.5.2 Unit Shipment
18.6 Market By Format Type
  18.6.1 Revenue
  18.6.2 Unit Shipment
18.7 Key Countries
  18.7.1 US: Market Size & Forecast
  18.7.2 Canada: Market Size & Forecast
18.8 Leading Trend, Enabler, & Restraint

19 APAC

19.1 Historic Data 2015−2017
19.2 Market Size & Forecast 2018−2024
19.3 Market By Product Type
  19.3.1 Revenue
  19.3.2 Unit Shipment
19.4 Market By End-User Type
  19.4.1 Revenue
  19.4.2 Unit Shipment
19.5 Market By Amplification Method
  19.5.1 Revenue
  19.5.2 Unit Shipment
19.6 Market By Format Type
  19.6.1 Revenue
  19.6.2 Unit Shipment
19.7 Key Countries
  19.7.1 Japan: Market Size & Forecast
  19.7.2 China & SAR: Market Size & Forecast
  19.7.3 Australia: Market Size & Forecast
  19.7.4 South Korea: Market Size & Forecast
  19.7.5 India: Market Size & Forecast
  19.7.6 Indonesia: Market Size & Forecast
19.8 Leading Trend, Enabler, & Restraint

20 EUROPE

20.1 Historic Data 2015−2017
20.2 Market Size & Forecast 2018−2024
20.3 Market By Product Type
  20.3.1 Revenue
  20.3.2 Unit Shipment
20.4 Market By End-User Type
  20.4.1 Revenue
  20.4.2 Unit Shipment
20.5 Market By Amplification Method
  20.5.1 Revenue
  20.5.2 Unit Shipment
20.6 Market By Format Type
  20.6.1 Revenue
  20.6.2 Unit Shipment
20.7 Key Countries
  20.7.1 Germany: Market Size & Forecast
  20.7.2 UK: Market Size & Forecast
  20.7.3 France: Market Size & Forecast
  20.7.4 Italy: Market Size & Forecast
  20.7.5 Spain: Market Size & Forecast
  20.7.6 Russia: Market Size & Forecast
  20.7.7 Switzerland: Market Size & Forecast
  20.7.8 Benelux: Market Size & Forecast
  20.7.9 Scandinavia: Market Size & Forecast
20.8 Leading Trend, Enabler, & Restraint

21 LATIN AMERICA

21.1 Historic Data 2015−2017
21.2 Market Size & Forecast 2018−2024
21.3 Market By Product Type
  21.3.1 Revenue
  21.3.2 Unit Shipment
21.4 Market By End-User Type
  21.4.1 Revenue
  21.4.2 Unit Shipment
21.5 Market By Amplification Method
  21.5.1 Revenue
  21.5.2 Unit Shipment
21.6 Market By Format Type
  21.6.1 Revenue
  21.6.2 Unit Shipment
21.7 Key Countries
  21.7.1 Brazil: Market Size & Forecast
  21.7.2 Mexico: Market Size & Forecast
  21.7.3 Argentina: Market Size & Forecast
21.8 Leading Trend, Enabler, And Restraint

22 MIDDLE EAST & AFRICA

22.1 Historic Data 2015−2017
22.2 Market Size & Forecast 2018−2024
22.3 Market By Product Type
  22.3.1 Revenue
  22.3.2 Unit Shipment
22.4 Market By End-User Type
  22.4.1 Revenue
  22.4.2 Unit Shipment
22.5 Market By Amplification Method
  22.5.1 Revenue
  22.5.2 Unit Shipment
22.6 Market By Format Type
  22.6.1 Revenue
  22.6.2 Unit Shipment
22.7 Key Countries
  22.7.1 Saudi Arabia: Market Size & Forecast
  22.7.2 UAE: Market Size & Forecast
  22.7.3 South Africa: Market Size & Forecast
  22.7.4 Maghreb: Market Size & Forecast
22.8 Leading Trend, Enabler, And Restraint

23 COMPETITIVE LANDSCAPE

23.1 Competition Overview
23.2 Market Structure And Mapping Of Competition
  23.2.1 Herfindahl-Hirschman Index

24 KEY COMPANY PROFILES

24.1 Bose
  24.1.1 Business Overview
  24.1.2 Bose In Global Pro Speaker Market
  24.1.3 Major Product Offerings
  24.1.4 Key Strategies
  24.1.5 Key Strengths
  24.1.6 Key Opportunities
24.2 D&B Audiotechnik
  24.2.1 Business Overview
  24.2.2 Business Segments
  24.2.3 D&B Audiotechnik In Global Pro Speaker Market
  24.2.4 Key Strategies
  24.2.5 Key Strengths
  24.2.6 Key Opportunities
24.3 Harman International (Samsung)
  24.3.1 Business Overview
  24.3.2 Harman International (Samsung) In Global Pro Speaker Market
  24.3.3 Major Product Offerings
  24.3.4 Key Strategies
  24.3.5 Key Strengths
  24.3.6 Key Opportunities
24.4 Music Group (Music Tribe)
  24.4.1 Business Overview
  24.4.2 Music Group (Music Tribe) In Global Pro Speaker Market
  24.4.3 Major Product Offerings
  24.4.4 Key Strategies
  24.4.5 Key Strengths
  24.4.6 Key Opportunities
24.5 Loud Audio
  24.5.1 Business Overview
  24.5.2 Loud Audio In Global Pro Speaker Market
  24.5.3 Major Product Offerings
  24.5.4 Key Strategies
  24.5.5 Key Strengths
  24.5.6 Key Opportunities
24.6 L-Acoustics
  24.6.1 Business Overview
  24.6.2 Business Segments
  24.6.3 L-Acoustics In Global Pro Speaker Market
  24.6.4 Major Product Offerings
  24.6.5 Key Strategies
  24.6.6 Key Strengths
  24.6.7 Key Opportunities
24.7 Yamaha
  24.7.1 Business Overview
  24.7.2 Yamaha In Global Pro Speaker Market
  24.7.3 Major Product Offerings
  24.7.4 Key Strategies
  24.7.5 Key Strengths
  24.7.6 Key Opportunities

25 OTHER PROMINENT VENDORS

25.1 AEB Industriale (DB Technologies)
  25.1.1 Company Overview
  25.1.2 Strength
  25.1.3 Strategy
25.2 Alcons Audio
  25.2.1 Company Overview
  25.2.2 Strength
  25.2.3 Strategy
25.3 Audioprof Group International
  25.3.1 Company Overview
  25.3.2 Strength
  25.3.3 Strategy
25.4 Bowers & Wilkins
  25.4.1 Company Overview
  25.4.2 Strength
  25.4.3 Strategy
25.5 B&C Speakers
  25.5.1 Company Overview
  25.5.2 Strength
  25.5.3 Strategy
25.6 Carlson Audio Systems
  25.6.1 Company Overview
  25.6.2 Strength
  25.6.3 Strategy
25.7 Celto Acoustique
  25.7.1 Company Overview
  25.7.2 Strength
  25.7.3 Strategy
25.8 Coda Audio
  25.8.1 Company Overview
  25.8.2 Strength
  25.8.3 Strategy
25.9 Dynaudio
  25.9.1 Company Overview
  25.9.2 Strength
  25.9.3 Strategy
25.10 Electro‑Voice
  25.10.1 Company Overview
  25.10.2 Strength
  25.10.3 Strategy
25.11 Extron Electronics
  25.11.1 Company Overview
  25.11.2 Strength
  25.11.3 Strategy
25.12 Hedd | Heinz Electrodynamic Designs
  25.12.1 Company Overview
  25.12.2 Strength
  25.12.3 Strategy
25.13 Hz Sound Systems
  25.13.1 Company Overview
  25.13.2 Strength
  25.13.3 Strategy
25.14 inMusic Brands
  25.14.1 Company Overview
  25.14.2 Strength
  25.14.3 Strategy
25.15 Klipsch Audio Technologies
  25.15.1 Company Overview
  25.15.2 Strength
  25.15.3 Strategy
25.16 K-Array
  25.16.1 Company Overview
  25.16.2 Strength
  25.16.3 Strategy
25.17 Meyer Sound Laboratories
  25.17.1 Company Overview
  25.17.2 Strength
  25.17.3 Strategy
25.18 Nady Systems
  25.18.1 Company Overview
  25.18.2 Strength
  25.18.3 Strategy
25.19 Outline
  25.19.1 Company Overview
  25.19.2 Strength
  25.19.3 Strategy
25.20 Pan Acoustics
  25.20.1 Company Overview
  25.20.2 Strength
  25.20.3 Strategy
25.21 Proel
  25.21.1 Company Overview
  25.21.2 Strength
  25.21.3 Strategy
25.22 Pyle-Pro
  25.22.1 Company Overview
  25.22.2 Strength
  25.22.3 Strategy
25.23 Renkus-Heinz
  25.23.1 Company Overview
  25.23.2 Strength
  25.23.3 Strategy
25.24 Robert Bosch
  25.24.1 Company Overview
  25.24.2 Strength
  25.24.3 Strategy
25.25 Sennheiser Electronic
  25.25.1 Company Overview
  25.25.2 Strength
  25.25.3 Strategy

26 REPORT SUMMARY

26.1 Key Takeaways
26.2 Strategic Recommendations
26.3 Quantitative Summary
  26.3.1 Market By Geography
  26.3.2 Market By Product Type
  26.3.3 Market By End-Users
  26.3.4 Market By Format
  26.3.5 Market By Amplification

27 APPENDIX

27.1 Abbreviations


More Publications