Global Pro/Professional Audio Equipment Market Analysis 2022
The Global Pro/Professional Audio Equipment Market is expected to reach $6,133.57 million by 2028 growing at a CAGR of 5.2% from 2021 to 2028. Professional audio or pro audio is a category of studio-grade, high-quality audio equipment. These devices are used for functions such as sound recording, audio mixing, sound reinforcement system, overall music production by record producers, sound engineers, etc. Pro audio equipment consists of DJ headphone, DJ mixers, audio interfaces, DJ controllers, speakers and monitors, microphones and wireless systems, amplifiers, and live and studio mixers.
Factors such as exponential rise in the popularity & demand for digital equipment, increasing tendency of spending on global festivals and music concert, and launch of new products are driving the growth of the market. However, high cost of pro audio equipment and disrupted supply chains are restraining the growth of the market.
Based on technology, the wireless segment is going to have a lucrative growth during the forecast period which can be attributed to its extensive use in the entertainment industry for plays, music recording, small scale events, among other things. With fast expansion and adoption of the wireless segment, it is widely used for various purposes across sectors due to the convenience of easy mobility. The advancements in connectivity of audio equipment through smart network or other local area network provide remote access to these devices.
The key vendors mentioned are Apogee, Audio-Tehcnica, Bosch, Bose, Brahler, Clear One, Clock Audio, Crestron, Extron, Lewitt Audio, Razer, Samson Technologies, Sennheiser, Shure, Sony, Taiden, Telefunken, Televic, and Yamaha.
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