Global Pro Microphone Market Outlook and Forecasts Report 2018 & 2019-2024 - ResearchAndMarkets.com

DUBLIN--()--The "Pro Microphone Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The Pro Microphone Market is Expected to Grow at a CAGR of Over 2% During the Period 2018–2024

Growing convergence of Pro AV and IoT, the emergence of networked audio technology, increased demand from corporate, government, and institutions sectors, growth in music production and recording industry are the factors that are expected to contribute to the growth of the Pro headphones market during the forecast period.

The global pro microphone market growth is mainly propelled by upgrades and the replacement of legacy systems in developed markets. Technological innovations are generating new opportunities for vendors in North America and Europe, along with APAC. Although the market is exhibiting early signs of demand saturation and maturation, the new demand is expected to come from developing economies such as China, India, and Brazil.

The increasing proliferation of IoT in the education sector is offering vendors opportunities to explore additional sales prospects as university campuses are becoming smart. Hence, these advancements are likely to drive market growth during the forecast period. With digital wireless technology coming with a host of benefits such as low voice distortion, less noise interference, there are increased opportunities for encryption and enhanced the reliability of signal transmission.

Vendors are increasingly finding growth opportunities due to the growing importance of AV conferencing within global and local corporate setups. End-users are constantly looking out for better sound quality, which is driving the need for constant R&D in the market. The US is the largest market for the microphone in the world, followed by Japan.

Pro Microphone Market: Geography

In 2018, North America was the largest segment of the global pro microphone market. The penetration of pro AV systems remains all-time high in the US and Canada. North America is likely to continue its lead in terms of revenue and unit shipment because of the replacement and upgrading of legacy systems during the forecast period. The entertainment industry in Canada has been driving demand in the region. China, Japan, Australia, South Korea, and India, where sound reinforcement systems are witnessing a surge, are leading the APAC market.

In 2018, the UK, Germany, and France accounted for major market shares in terms of revenue and unit shipment. The demand for new pro AV systems in the European market keeps growing. Further, Western European markets are maturing as there is low product differentiation in the market. However, the new demand is expected to emerge from Central and Eastern European countries.

Key Vendor Analysis

The global pro microphone market is currently highly fragmented with many local and global players in the market. The competition among these players is intense. The rapidly changing technological environment could adversely affect vendors as customers expect continual innovations and upgrades in pro AV solutions. The present scenario is driving vendors to refine their unique value propositions to increase market presence.

The market is moderately fragmented though the high-end market is concentrated with leading vendors occupying over 40% market share. The competition is intense on the worldwide level. The market concentration in developed countries such as the US and other Western European countries is high, while the market is in its nascent stage in developing economies such as China and India because of the entry of several international brands. Vendors are using new business models and focusing on developing a new product portfolio to drive market growth.

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of the study

4.4 Market Segments

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.1.1 Pro AV Solutions

7.1.2 Sound Reinforcement

7.2 Macroeconomic Factors Enabling Market Growth

7.2.1 Economic Development

7.2.2 Per Capita GDP in Developing Markets

7.2.3 Dual-income Households in Developed Markets

8 Market Dynamics

8.1 Market Opportunities & Trends

8.1.1 Growing Convergence of Pro AV and IoT

8.1.2 Emergence of Networked Audio Technology

8.1.3 Growing Adoption in Educational Institutions

8.1.4 Increasing Number of Exhibitions, Conferences, and Seminars

8.2 Market Growth Restraints

8.2.1 Government Regulations - FCC Wireless Spectrum Auction

8.2.2 Technical Difficulties Hampering Adoption of Wireless Microphones

8.2.3 Volatility in Raw Material Prices Affecting Vendor Margins

8.3 Market Growth Enabler

8.3.1 Increased Demand from Corporate, Government, and Institutions

8.3.2 Growing Live Performance and Music Industry

8.3.3 Increasing Number of Sporting Events and Tournaments

8.3.4 Growing Music Production and Recording Industry

9 Value Chain Analysis

9.1 Overview

9.2 Value Chain Analysis

9.2.1 Technology Suppliers

9.2.2 OEMs

9.2.3 AV Consultants or Integrators

9.2.4 System Dealers and Distributors

9.2.5 System End-users

10 Market Landscape

10.1 Historical Data

10.2 Market Size & Forecast

10.3 Market by Geography

10.4 Five Forces Analysis

11 By Product

11.1 Market Snapshot & Growth Engine

11.2 Market Overview

11.3 Wired Microphones

11.4 Wireless Microphones

11.4.1 Market Size & Forecast

11.4.2 Market by Geography - Revenue & Unit Shipment

11.4.3 Market by Sub-products

11.4.4 Handheld Microphones - Market Size & Forecast

11.4.5 Market by Geography - Revenue & Unit Shipment

11.4.6 Clip-on Microphones - Market Size & Forecast

11.4.7 Market by Geography - Revenue & Unit Shipment

11.4.8 Other Microphones - Market Size & Forecast

11.4.9 Market by Geography - Revenue & Unit Shipment

12 By End-Users

12.1 Market Snapshot & Growth Engine

12.2 Market Overview

12.3 Corporates

12.4 Large Venues & Events

12.5 Educational Institutions

12.6 Government & Military

12.7 Studio & Broadcasting

12.8 Hospitality

13 By Format

13.1 Market Snapshot & Growth Engine

13.2 Market Overview

13.3 Digital Microphones

13.4 Analog Microphones

14 By Distribution Channels

14.1 Market Overview

14.2 Manufacturing, Production, & Distribution

14.3 Distribution through retail stores

14.4 Distribution through Online Websites

15 By Geography

15.1 Market Snapshot & Growth Engine

15.2 Overview

Competitive Landscape

  • Competition Overview
  • Market Structure And Mapping Of Competition
  • Herfindahl-Hirschman Index

Key Company Profiles

  • Audio-Technica
  • HARMAN International (SAMSUNG)
  • MUSIC Group (MUSIC Tribe)
  • Sennheiser Electronic
  • SHURE
  • Sony
  • Yamaha

Other Prominent Vendors

  • ADK MICROPHONE
  • AEB Industriale (DB Technologies)
  • ANSR Audio
  • APEX Audio
  • Audioprof Group International
  • Audio Engineering Associates (AEA)
  • Audix Microphones
  • Beijing 797 Audio
  • beyerdynamic
  • Blue Microphones
  • Boya
  • CAD Audio
  • ElectroVoice
  • Extron Electronics
  • GTD Audio
  • Heil Sound
  • inMusic Brands
  • Lectrosonics
  • Legrand
  • Lewitt
  • Mipro Electronics
  • MXL By Marshall Electronics
  • Nady Systems
  • Outline
  • PROEL
  • Pyle-Pro
  • RCF
  • Rde Microphones
  • Samson Technologies
  • sE Electronics International
  • Zaxcom

For more information about this report visit https://www.researchandmarkets.com/r/o4pwqa

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900