NA, Europe & SEA Audio Equipment Research Report Forecast to 2030
As per MRFR, the NA, Europe & Southeast Asia Audio Equipment Market has been growing significantly over the past few years. It is expected to reach USD 38,992.9 Million by 2030, at a CAGR of 7.2% during the forecast period, 2023–2030.
Audio Equipment (IPDs), is any electronic device that is used to record, reproduce, or manipulate audio signals. It is a broad category that encompasses a wide range of devices, from simple microphones and speakers to complex digital audio workstations. Audio equipment is used in a variety of applications, including music production, recording, live sound reinforcement, broadcasting, and home entertainment.
Increasing number of live events and music concerts, rising expenditure on audio equipment to boost the key factors driving the growth of the market for audio equipment. Several important developments are driving significant growth in the professional audio equipment sector. The increasing investment in international festivals and music events, where high-quality audio equipment is in high demand, is a key driver. As these events become more popular, there is a growing demand for cutting-edge audio solutions to provide spectators with immersive and top-notch sound experiences. On the other hand, the integration with smart home technology and growing demand for wireless audio products is expected to create a lucrative growth opportunity for the players operating in the market.
Market SegmentationThe NA, Europe & Southeast Asia Audio Equipment Market has been segmented based on Type, Technology, Price Range, Distribution Channel, End User and Region. The NA, Europe & Southeast Asia Audio Equipment Market has been segmented based on type into Speakers/ Loudspeakers (Incl. Soundbar), Headphones and Earphones, Microphones, Amplifiers, Mixers and Audio Monitors and Accessories.
Based on Technology the market is divided into Wired and Wireless/Smart. Based on Price Range the market is categorized into into Low, Medium, and Premium.
The NA, Europe & Southeast Asia Audio Equipment Market has been segmented based on Distribution Channel into Store-based, and non-store-based. Market has been segmented based on end user into Commercial, and Residential.
Major PlayersThe key players in the market are Harman, Focusrite, Loud Audio (Mackie), Yamaha, InMusic Brands, Roland, Fender, Universal Audio, Logitech, Creative, Sennheiser, Marshall, Bose Professional, QSC, Audio-technica, Elgato, Rhode, Maono Audio, Hyper-X, Razer, and others.
Companies MentionedHarman
Focusrite
Loud Audio (Mackie)
Yamaha
InMusic Brands
Roland
Fender
Universal Audio
Logitech
Creative
Sennheiser
Marshall
Bose Professional
QSC
Audio-technica
Elgato
Rhode
Maono Audio
Hyper-X
Razer
and others.