LONDON--(BUSINESS WIRE)--The global music synthesizers market is expected to post a CAGR of close to 3% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Paraphonic syntherizers can play multiple pitches. They consist of multiple oscillators, that can be used to play different notes. Paraphonic synthesizers can also be used to produce sounds that are similar to true polyphony at a lower cost. Owing to such benefits, end-users are exhibiting strong demand for paraphonic synthesizers. This is encouraging vendors to focus on introducing new innovative products to cater to the growing demand. These factors are fueling the growth of the global music synthesizers market.
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As per Technavio, the emergence of AI-powered music synthesizers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Music Synthesizers Market: Emergence of AI-Powered Music Synthesizers
Vendors in the market are focusing on the integration of AI with music synthesizers. The integration of AI helps produce interesting sounds based on sounds from real life. AI also helps replicate the actual sound of the instrument by learning the core qualities of an individual sound and then combining it to create something new. The integration of AI with music synthesizers is opening new possibilities for sound generation.
“Apart from the emergence of AI-powered music synthesizers, continuous development of new products and rise in the availability of music synthesizer clones are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Music Synthesizers Market: Segmentation Analysis
This market report segments the global music synthesizers market by type (digital synthesizers and analog synthesizers), distribution channel (retail stores and online) and geography (APAC, Europe, MEA, North America, and South America).
The North American region led the market in 2018, followed by APAC, Europe, South America, and MEA respectively. During the forecast period, the North American region is expected to maintain its dominance over the global market. This is due to the rising demand for live shows and rock music concerts across the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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