The Professional Audio Market size is estimated at USD 11.74 billion in 2024, and is expected to reach USD 16.08 billion by 2029, growing at a CAGR of 6.5% during the forecast period (2024-2029).
The evolving entertainment ecosystem, including live events/concerts, studio productions, and web production, has spurred the market's appetite for advanced, noise-proof audio equipment.
The global professional audio market is fragmented, with the presence of several players like Panasonic, Altec Lansing, Samsung Electronics (JBL, Harman), Creative Technology Ltd., etc. Since the market is heavily competitive, the market players constantly strive to adopt advanced technologies and innovate comprehensive products.
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