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Pro Speakers Market by Product (Point Source, Line Array, Sub Woofers, and Others), Format (Digital, Analog), Amplification Method (Passive Speakers, Powered Speakers), Distribution Channel (Online Channel, Offline Channel), End User (Corporates, Large Venues and Events, Educational Institutes, Government and Military, Studio and Broadcasting, Hospitality, and Others), and Region - 2023-2028

January 2023 | 147 pages | ID: P177AEC33726EN
IMARC Group

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The global pro speakers market size reached US$ 2,357.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,001.0 Million by 2028, exhibiting a growth rate (CAGR) of 4.00% during 2023-2028.

A professional speaker is used to record sounds, set up sound reinforcement systems, and mix audio by high-end customers for studio-quality audio equipment. They offer an accurate, transparent, uncolored reproduction of the tonal qualities of the source audio, thereby providing natural playback of the recorded material. Typically, these speakers are used in studios for recording songs and albums by trained record producers, sound engineers, audio engineers, and audio technicians. These devices ensure the output ensures high-accuracy residential installed surround sound and distributed audio. Professional speakers find extensive applications in the production of audio for television broadcasts, radio broadcasts, and sound reinforcement applications, such as live concerts and DJ performances.

Pro Speakers Market Trends:
The market is majorly driven by the accelerating demand for professional audio speakers in the commercial sector. This can be attributed to the to the flourishing music industry, along with a paradigm shift in consumer behavior towards live music events and exhibitions. Moreover, the increasing number of new bars and nightclubs opening and the replacement of old sound systems in existing nightclubs and bars are resulting in the installation of improved sound systems, thereby fueling the market. Moreover, various product innovations and futuristic inventions in wireless digital technology, and the integration of the internet of things (IoT) with professional audio equipment are providing an impetus to the market. The market is further propelled by the rapid utilization of pro audio equipment in sporting events due to the rise in investments in sports sponsorship. Some of the other factors contributing to the market growth include continuous developments in complementary digital technologies, the advent of new start-ups with advanced product portfolios, rapid urbanization, and extensive research and development (R&D) activities.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pro speakers market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, format, amplification method, distribution channel and end user.

Breakup by Product:

Point Source
Line Array
Sub Woofers
Others

Breakup by Format:

Digital
Analog

Breakup by Amplification Method:

Passive Speakers
Powered Speakers

Breakup by Distribution Channel:

Online Channel
Offline Channel

Breakup by End User:

Corporates
Large Venues and Events
Educational Institutes
Government and Military
Studio and Broadcasting
Hospitality
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being B&c Speakers, B&W Group Ltd., Bose Corporation, CELTO Acoustique Ltd., CODA Audio GmbH, D&B Audiotechnik GmbH & Co. KG, K-Array, Klipsch Group Inc. (Voxx International), L-Acoustics Group, Meyer Sound Laboratories Incorporated, Renkus-Heinz Inc., Sennheiser electronic GmbH & Co. KG, Sony Group Corporation and Yamaha Corporation. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:
How has the global pro speakers market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global pro speakers market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the format?
What is the breakup of the market based on the amplification method?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the end users?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global pro speakers market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL PRO SPEAKERS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Point Source
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Line Array
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Sub Woofers
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY FORMAT

7.1 Digital
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Analog
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY AMPLIFICATION METHOD

8.1 Passive Speakers
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Powered Speakers
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY DISTRIBUTION CHANNEL

9.1 Online Channel
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Offline Channel
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY END USERS

10.1 Corporates
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Large Venues and Events
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Educational Institutes
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Government and Military
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Studio and Broadcasting
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Hospitality
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Others
  10.7.1 Market Trends
  10.7.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 B&c Speakers
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
  16.3.2 B&W Group Ltd.
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
  16.3.3 Bose Corporation
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 SWOT Analysis
  16.3.4 CELTO Acoustique Ltd.
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
  16.3.5 CODA Audio GmbH
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
  16.3.6 D&B Audiotechnik GmbH & Co. KG
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
  16.3.7 K-Array
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
  16.3.8 Klipsch Group Inc. (Voxx International)
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
  16.3.9 L-Acoustics Group
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
  16.3.10 Meyer Sound Laboratories Incorporated
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
  16.3.11 Renkus-Heinz Inc.
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
  16.3.12 Sennheiser electronic GmbH & Co. KG
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio
  16.3.13 Sony Group Corporation
    16.3.13.1 Company Overview
    16.3.13.2 Product Portfolio
    16.3.13.3 Financials
    16.3.13.4 SWOT Analysis
  16.3.14 Yamaha Corporation
    16.3.14.1 Company Overview
    16.3.14.2 Product Portfolio
    16.3.14.3 Financials
    16.3.14.4 SWOT Analysis
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report

LIST OF TABLES

Table 1: Global: Pro Speakers Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Pro Speakers Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Pro Speakers Market Forecast: Breakup by Format (in Million US$), 2023-2028
Table 4: Global: Pro Speakers Market Forecast: Breakup by Amplification Method (in Million US$), 2023-2028
Table 5: Global: Pro Speakers Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: Pro Speakers Market Forecast: Breakup by End Users (in Million US$), 2023-2028
Table 7: Global: Pro Speakers Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Pro Speakers Market: Competitive Structure
Table 9: Global: Pro Speakers Market: Key Players

LIST OF FIGURES

Figure 1: Global: Pro Speakers Market: Major Drivers and Challenges
Figure 2: Global: Pro Speakers Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Pro Speakers Market: Breakup by Product (in %), 2022
Figure 5: Global: Pro Speakers Market: Breakup by Format (in %), 2022
Figure 6: Global: Pro Speakers Market: Breakup by Amplification Method (in %), 2022
Figure 7: Global: Pro Speakers Market: Breakup by Distribution Channel (in %), 2022
Figure 8: Global: Pro Speakers Market: Breakup by End Users (in %), 2022
Figure 9: Global: Pro Speakers Market: Breakup by Region (in %), 2022
Figure 10: Global: Pro Speakers (Point Source) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Pro Speakers (Point Source) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Pro Speakers (Line Array) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Pro Speakers (Line Array) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Pro Speakers (Sub Woofers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Pro Speakers (Sub Woofers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Pro Speakers (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Pro Speakers (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Pro Speakers (Digital) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Pro Speakers (Digital) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Pro Speakers (Analog) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Pro Speakers (Analog) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Pro Speakers (Passive Speakers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Pro Speakers (Passive Speakers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Pro Speakers (Powered Speakers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Pro Speakers (Powered Speakers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Pro Speakers (Online Channel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Pro Speakers (Online Channel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Pro Speakers (Offline Channel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Pro Speakers (Offline Channel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Pro Speakers (Corporates) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Pro Speakers (Corporates) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Pro Speakers (Large Venues and Events) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Pro Speakers (Large Venues and Events) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Pro Speakers (Educational Institutes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Pro Speakers (Educational Institutes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Pro Speakers (Government and Military) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Pro Speakers (Government and Military) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Pro Speakers (Studio and Broadcasting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Pro Speakers (Studio and Broadcasting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Pro Speakers (Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Pro Speakers (Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Pro Speakers (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Pro Speakers (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: United States: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: United States: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Canada: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Canada: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Asia-Pacific: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Asia-Pacific: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: China: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: China: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Japan: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Japan: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: India: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: India: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: South Korea: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: South Korea: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Australia: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Australia: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Indonesia: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Indonesia: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Europe: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Europe: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Germany: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Germany: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: France: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: France: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United Kingdom: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United Kingdom: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Italy: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Italy: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Spain: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Spain: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Russia: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Russia: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Latin America: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Latin America: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Brazil: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Brazil: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Mexico: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Mexico: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Others: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Others: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Pro Speakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Pro Speakers Market: Breakup by Country (in %), 2022
Figure 92: Middle East and Africa: Pro Speakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Global: Pro Speakers Industry: SWOT Analysis
Figure 94: Global: Pro Speakers Industry: Value Chain Analysis
Figure 95: Global: Pro Speakers Industry: Porter's Five Forces Analysis


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