US Sound Reinforcement Market By Overview
Sound reinforcement system comprises of microphones, signal processors, amplifiers, and loudspeakers that makes live music or recorded sound more loudly and distribute those sounds among larger audience. In some situations, sound reinforcement systems can be very large and complex, including hundreds of microphones, multiple mixers, and thousand watts of amplifiers, signal processing systems, and array of loudspeakers. Also, the systems is as simple as a small public address systems. But, in both the cases sound reinforcement systems are used to make sound louder and distribute it to a wider audience. The working architecture of a sound reinforcement system generally takes an input either through a microphone or a sound line input, which further goes through a mixer systems, which will then forwarded it to appropriate outputs such as headphones, stage monitors, or speakers. These systems are used for various End-userss including rental systems, live music clubs and dance events, auditoriums, touring systems, live theater, classical music and opera, lecture halls and conference rooms, and for public addressing.
US Sound Reinforcement Market By Drivers & Restraints
The growing convergence of Pro AV and IoT, the booming live industry music industry, strategic collaborations for product designs, changing corporate dynamics, and the rising adoption of sound reinforcement systems across educational institutes and government offices are expected to drive the US sound reinforcement market in coming years. Rapid urbanization and industrialization are two major factors that are driving the adoption of sound reinforcement systems in several sectors. The rising demand for sound appliance’s such as speakers, processors, microphones, and others in clubs, malls, hospitals, factories, distribution centers, and for public addressing would drive the growth of sound reinforcement market. Moreover, the shifts in consumer demand for live entertainment and live concerts witnessing significant growth in the sound reinforcement market.
However, high cost of equipment’s used in sound reinforcement would hinder the growth of sound reinforcement market. In addition to that, lack of skilled manufacturer to use the available technology to produce a quality sound, despite using the best materials would hamper the growth of Sound reinforcement market during the forecast period. Several new vendors are trying to enter the US sound reinforcement market by introducing innovative tools and devices. However, the existing consumer electronics vendors/traditional pro AV systems providers are not far behind. They are consistently enhancing their product portfolios. Hence, the introduction of upgrades is expected to drive market growth during the forecast period. Advancements in technology will help sound enhancement products to fare better in terms of usage, connectivity, design, sensor technology, and signal transmission during the forecast period.
US Sound Reinforcement Market By Segmentations & Regional Insights
The US sound reinforcement market is segmented based on products, formats, distribution channels, and end-users, and region.
Based on product, the US sound reinforcement market is segmented into microphones, pro speakers, audio/sound mixers, audio signal processors, power amplifiers, and others. The microphones segment led the market and is expected to grow at a high CAGR during the forecast period. The growth in the microphone industry is propelled by upgrades and replacements of the legacy system. Further, vendors are also exploring ways to implement IoT and AV technology in microphones, which allows the user to operate from remote areas. Based on the formats, the target market is segmented into digital, and analog.
The digital segment captured more than half of the market and is expected to grow at a CAGR. Based on distribution channels, the global market is classified into online, and retail. The retail segment contributed the highest market revenue globally. Although the trend of selling sound reinforcement products online and in OEM stores is growing, a significant share of product distribution in the market takes place through conventional pro audio and electronics stores/outlets. Based on end-users, the target market is bifurcated into large venues and events, corporates, educational institutes, government and military, hospitality, and others. The corporate sector is expected to remain the largest end-user segment in the sound reinforcement market, contributing a significant revenue share to the global market.
U.S. Sound Reinforcement Market, By Product:
- Microphones
- Pro speakers
- Audio/Sound Mixers
- Audio Signal Processors
- Power Amplifiers
- Others
U.S. Sound Reinforcement Market, By Formats:
- Digital
- Analog
U.S. Sound Reinforcement Market, By Distribution Channels:
- Online
- Retail
U.S. Sound Reinforcement Market, By End-users:
- Large Venues and Events
- Corporates
- Educational Institutes
- Government and Military
- Hospitality
- Others
US Sound Reinforcement Market By Competitive Landscape & Key Players
The key players operating the US Sound Reinforcement market involves Audio-Technica, Bose, HARMAN International, MUSIC Group (Music Tribe), Sennheiser Electronic, Shure, Sony, Yamaha, ADK microphones, and AEB Industriale (DB TECHNOLOGIES). For instance, On January, 7, 2020, Audio-Technica Debuts High-Performance Exotic Wood-Finish and Innovative In-Ear Headphones. On February, 11, 2020, Audio-Technica Extends Trade-In Rebate Program for 600 MHz Wireless Systems Through July 13, 2020.
US Sound Reinforcement Market By Company Profile
- Audio-Technica
- Bose
- HARMAN International
- MUSIC Group (Music Tribe)
- Sennheiser Electronic
- Shure
- Sony
- Yamaha
- ADK microphones
- AEB Industriale (DB TECHNOLOGIES)
Key Issues Addressed
- What is the total revenue potential of the US sound reinforcement market? How that market is expected to grow during the study period?
- What are some of the major growth opportunities in the US sound reinforcement market?
- Which companies are the major players in the US sound reinforcement market?
US Sound Reinforcement Market By Highlights
FAQs
The US sound reinforcement market is segmented into products, formats, distribution channels, and end-users, and region.
Factors driving market growth include the demand for high-quality audio experiences in various events and venues, technological advancements in sound reinforcement systems, and the growth of the entertainment industry.
While the market is U.S.-focused, global restraints may include challenges related to international regulations, trade barriers, and the impact of geopolitical factors on the supply chain.
The report focuses on the U.S. market. However, within the U.S., regions may be segmented based on states or major metropolitan areas. The region dominating the market could depend on factors like population density, cultural events, and economic activities.
The key players operating the US Sound Reinforcement market involves Audio-Technica, Bose, HARMAN International, MUSIC Group (Music Tribe), Sennheiser Electronic, Shure, Sony, Yamaha, ADK microphones, and AEB Industriale (DB TECHNOLOGIES).