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Professional Speaker Market Growth to Rise by USD 543.74 Million from 2021 to 2026| Technavio

NEW YORK , May 17, 2022 /PRNewswire/ -- Technavio categorizes the professional speaker market as a part of the global consumer electronics market. The professional speaker market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. 

Technavio has announced its latest market research report titled Professional Speaker Market by Type and Geography - Forecast and Analysis 2022-2026

Professional Speaker Market: Key Drivers

New product launches are driving the professional speaker market and contributing to the market growth. For instance, in December 2021, HARMAN Professional Solutions announced the launch of JBL Professional 3800 and 4800 Series, which are screen-channel loudspeakers and can be installed in small to medium-format cinemas in China. Sony India announced the launch of its latest premium wireless speaker, SRS-RA3000, in February 2021. In October 2021, Soundcore announced the launch of Select Pro speakers in India, which are portable speakers and can be used in outdoor venues. 

View market report outlook to learn more about factors influencing the market.

Professional Speaker Market: Key Trends

The increasing demand for professional speakers in sporting arenas and stadiums is a key market trend that is expected to positively impact the professional speaker market in the forecast period. Sporting arenas and stadiums need to be equipped with video, lighting technologies, and integrated advanced audio. For instance, HARMAN Professional Solutions, a leading vendor, offers versatile line array (VLA) loudspeakers that use the combination of line array technology and horn-loaded design and can offer horizontal pattern control. The firm claims that these speakers were installed in Soldier Field stadium in the US, Moda Center, an indoor sports arena used for basketball, ice hockey, and rodeos, US Bank Stadium, and BC Place, a multipurpose stadium located in Canada.

Vendor Insights

The report identifies the following as the dominant vendors in the market:

  • Yamaha Corp.
  • AEB Industriale Srl
  • B and C Speakers SpA
  • Biamp Systems LLC
  • Bose Corp.
  • Bowers and Wilkins
  • Carlson Audio Systems
  • CELTO Acoustique Europe SRL
  • CODA Audio GmbH
  • d and b audiotechnik GmbH and Co. KG
  • Dynaudio AS
  • Extron 
  • Harman International Industries Inc.
  • K array
  • L-Acoustics
  • Loud Audio LLC
  • Meyer Sound Laboratories Inc.
  • Nady Systems Inc.
  • Renkus-Heinz Inc.
  • Sony Group Corp.

Product Insights and News

The professional speaker market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. For instance, AEB Industriale Srl, a leading vendor, offers the INGENIA series that embodies a longtime experience in acoustics, mechanics, power electronics, and DSP programming, combined with talent and intuition in order to create an unprecedented active speaker. The company also offers a range of products such as sound systems, radio systems, amplifiers, software, and controller.

Learn more about the vendors in the market as you download your sample copy

APAC's Contribution to Professional Speaker Market

The increase in growth in the music industry, the availability of professional speakers through organized retail stores and e-commerce platforms, and the presence of prominent vendors are expected to facilitate the professional speaker market growth in APAC over the forecast period. APAC is expected to contribute to 31% of market growth as countries such as the US, Canada, China, Germany, and the UK are the key markets for professional speakers.

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Professional Speaker Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2022-2026

$ 543.74 million

Market structure

Fragmented

YoY growth (%)

3.8

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 31%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Yamaha Corp., AEB Industriale Srl, B and C Speakers SpA, Biamp Systems LLC, Bose Corp., Bowers and Wilkins, Carlson Audio Systems, CELTO Acoustique Europe SRL, CODA Audio GmbH, d and b audiotechnik GmbH and Co. KG, Dynaudio AS, Extron , Harman International Industries Inc., K array, L-Acoustics, Loud Audio LLC, Meyer Sound Laboratories Inc., Nady Systems Inc., Renkus-Heinz Inc., and Sony Group Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Market Segmentation

The professional speaker market is divided into the digital segment and the analog segment. The digital segment is expected to be the major contributor to the professional speaker market. The growth can be attributed to a wide range of professional digital speakers such as point line array speakers, source speakers, and subwoofers offered by market vendors.

Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • Comprehensive details of factors that will challenge the growth of professional speaker market vendors
  • Detailed information on factors that will drive professional speaker market growth during the next five years
  • Precise estimation of the professional speaker market size and its contribution to the parent market
  • A thorough analysis of the market's competitive landscape and detailed information on vendors

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Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

  • 5.1 Market segments
    • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
  • 5.2 Comparison by Type
    • Exhibit 26: Chart on Comparison by Type
    • Exhibit 27: Data Table on Comparison by Type
  • 5.3 Digital - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Digital - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Digital - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Digital - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Digital - Year-over-year growth 2021-2026 (%)
  • 5.4 Analog - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Analog - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Analog - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Analog - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Analog - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Type
    • Exhibit 36: Market opportunity by Type ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 China - Market size and forecast 2021-2026
    • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Canada - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 AEB Industriale Srl
    • Exhibit 89: AEB Industriale Srl - Overview
    • Exhibit 90: AEB Industriale Srl - Product / Service
    • Exhibit 91: AEB Industriale Srl - Key offerings
  • 10.4 Bose Corp.
    • Exhibit 92: Bose Corp. - Overview
    • Exhibit 93: Bose Corp. - Product / Service
    • Exhibit 94: Bose Corp. - Key news
    • Exhibit 95: Bose Corp. - Key offerings
  • 10.5 Bowers and Wilkins
    • Exhibit 96: Bowers and Wilkins - Overview
    • Exhibit 97: Bowers and Wilkins - Product / Service
    • Exhibit 98: Bowers and Wilkins - Key offerings
  • 10.6 d and b audiotechnik GmbH and Co. KG
    • Exhibit 99: d and b audiotechnik GmbH and Co. KG - Overview
    • Exhibit 100: d and b audiotechnik GmbH and Co. KG - Product / Service
    • Exhibit 101: d and b audiotechnik GmbH and Co. KG - Key offerings
  • 10.7 Harman International Industries Inc.
    • Exhibit 102: Harman International Industries Inc. - Overview
    • Exhibit 103: Harman International Industries Inc. - Product / Service
    • Exhibit 104: Harman International Industries Inc. - Key news
    • Exhibit 105: Harman International Industries Inc. - Key offerings
  • 10.8 K array
    • Exhibit 106: K array - Overview
    • Exhibit 107: K array - Product / Service
    • Exhibit 108: K array - Key offerings
  • 10.9 L-Acoustics
    • Exhibit 109: L-Acoustics - Overview
    • Exhibit 110: L-Acoustics - Product / Service
    • Exhibit 111: L-Acoustics - Key offerings
  • 10.10 Loud Audio LLC
    • Exhibit 112: Loud Audio LLC - Overview
    • Exhibit 113: Loud Audio LLC - Product / Service
    • Exhibit 114: Loud Audio LLC - Key offerings
  • 10.11 Sony Group Corp.
    • Exhibit 115: Sony Group Corp. - Overview
    • Exhibit 116: Sony Group Corp. - Business segments
    • Exhibit 117: Sony Group Corp. - Key news
    • Exhibit 118: Sony Group Corp. - Key offerings
    • Exhibit 119: Sony Group Corp. - Segment focus
  • 10.12 Yamaha Corp.
    • Exhibit 120: Yamaha Corp. - Overview
    • Exhibit 121: Yamaha Corp. - Business segments
    • Exhibit 122: Yamaha Corp. - Key news
    • Exhibit 123: Yamaha Corp. - Key offerings
    • Exhibit 124: Yamaha Corp. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 125: Inclusions checklist
    • Exhibit 126: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 127: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 128: Research methodology
    • Exhibit 129: Validation techniques employed for market sizing
    • Exhibit 130: Information sources
  • 11.5 List of abbreviations
    • Exhibit 131: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library and its client base consist of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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