Pro Speakers Market Outlook 2023, Size, Price Trends, Top Brands, Forecast by 2028

The latest research study "Pro Speakers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global pro speakers market size reached US$ 2,357.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,001.0 Million by 2028, exhibiting a growth rate (CAGR) of 4.00% during 2023-2028.

Professional speakers, alternatively referred to as pro speakers, are utilized in studios to record songs and albums by trained record producers, audio engineers, sound engineers, and audio technicians. They are available in digital and analog formats and consist of several products, such as point source, sub-woofers, line arrays, etc. Pro speakers offer a transparent, accurate, uncolored reproduction of the tonal qualities of the source audio and facilitate natural playback of the recorded material. These devices ensure high-accuracy residential installed surround sound and distributed audio. As a result, pro speakers find extensive applications, across numerous sectors, including corporate, education, government and military, studio and broadcasting, hospitality, etc.

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Pro Speakers Market Trends and Drivers:

The growing music industry and the shifting consumer preferences toward live music events and exhibitions are among the key factors driving the pro speakers market. In addition to this, the elevating number of nightclubs and new bars and the emerging trend of replacing the old sound systems with new advanced variants are also positively influencing the global market. Apart from this, the development of futuristic wireless digital technology and the internet of things (IoT) integrated professional audio equipment is acting as another significant growth-inducing factor. Moreover, the escalating utilization of pro audio equipment in various sporting events, owing to the rising investments in sports sponsorship, is further stimulating the market growth. Besides this, the launch of complementary digital technologies, the expanding new start-ups with advanced product portfolios, and inflating expenditure in research and development (R&D) activities are anticipated to propel the pro speakers market over the forecasted period.

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Pro Speakers Market Report Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• B&c Speakers
• B&W Group Ltd.
• Bose Corporation
• CELTO Acoustique Ltd.
• CODA Audio GmbH
• D&B Audiotechnik GmbH & Co. KG
• K-Array
• Klipsch Group Inc. (Voxx International)
• L-Acoustics Group
• Meyer Sound Laboratories Incorporated
• Renkus-Heinz Inc.
• Sennheiser electronic GmbH & Co. KG, Sony Group Corporation and Yamaha Corporation.

The report has been segmented the market into following categories:

Breakup by Product:

• Point Source
• Line Array
• Sub Woofers
• Others

Breakup by Format:

• Digital
• Analog

Breakup by Amplification Method:

• Passive Speakers
• Powered Speakers

Breakup by Distribution Channel:

• Online Channel
• Offline Channel

Breakup by End User:

• Corporates
• Large Venues and Events
• Educational Institutes
• Government and Military
• Studio and Broadcasting
• Hospitality
• Others

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Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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