Digital Speakers to Witness Immense Proliferation in the Pro Speaker Market by 2023 | Arizton

According to a recent research report by Arizton, Digital speakers occupied the largest market share in 2017 and are expected to grow at a CAGR of more than 4% during 2017-2023.

The rising development and adoption of digital wireless technologies across industries worldwide will attribute to the growth of this format segment in the global professional speaker market.

The benefits of implementing wireless technology include low voice distortion, less noise interference, increased opportunity for encryption, and enhanced reliability of signal transmission. The convenience of using wireless digital technology as affordable prices will attribute to the growth of this segment in the global market during the forecast period.

View report: Global Pro Speaker Market 2023
https://www.arizton.com/market-reports/pro-speaker-market

The pro speaker market is projected to generate revenues of more than $2.2 billion by 2023.

The exponential rise in demand for digital equipment and launch of new product models is propelling the growth of the global pro speaker market. The top revenues generating countries in the world market include the US, Japan, the UK, Germany, and France. The development of Asian countries such as India and China will boost the adoption of these devices in the global professional speaker market. The increasing spending on music concerts and festivals worldwide will augment the demand for these speakers in the global market. The leading vendors are focusing on offering a diverse range of products to gain a larger market share and attract new consumers. The development of various industries including hospitality, real estate, corporate, education, and music in emerging nations such as China, India, and Brazil will revolutionize the global market. The increasing requirement to efficiently distribute sounds in large venues will result in the growing demand for public address systems worldwide.

The development of the music industries in countries such as the US and Japan will augment the need for professional speakers in the global market. The rising demand from industries such as exhibition, trade shows, sports, music concerts, and film and motion production will have a positive impact on the global market.

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This market research report on pro speaker market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis.

Major Vendors in the Pro Speaker Market

Bose
D&B audiotechnik/system
HARMAN International (Samsung)
L-Acoustics
LOUD Audio
MUSIC Group (MUSIC Tribe)
Yamaha

Prominent Players in the Pro Speaker Market

Alcons Audio
Bowers & Wilkins
B&C Speakers
Carlson Audio Systems
Dynaudio
Electro-Voice
Hz Sound Systems
inMusic Brands
Klipsch Audio Technologies
K-Array
Meyer Sound Laboratories
Nady Systems
PROEL
Pyle Pro
RCF
Renkus-Heinz
Robert Bosch
Sennheiser Electronic

Market Segmentation by Products

Structure
Point Source Systems
Line Array Systems
Subwoofers
Other
Amplification
Powered Speaker
Passive Speaker


Market Segmentation by Format Type

Analog
Digital
Hybrid

Market Segmentation by Distribution Channel

Retail
AV System Integrators
Pro Audio and Electronics Stores
Pro Audio Dealers and Distributors
Online


Market Segmentation by End-users

Corporate
Large Venues & Events
Educational Institutions
Government & Military
Studio & Broadcasting
Hospitality
Others


Market Segmentation by Geography

North America
US
Canada

APAC
Japan
China
Australia
South Korea

Europe
UK
France
Germany

Latin America
Brazil

MEA

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