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NEW YORK  , May 17, 2022 /PRNewswire/ -- Technavio categorizes the professional speaker market as a part of the global consumer electronics market. The professional speaker market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. 

Professional Speaker Market: Key Drivers

New product launches are driving the professional speaker market and contributing to the market growth. For instance, in December 2021 , HARMAN Professional Solutions announced the launch of JBL Professional 3800 and 4800 Series, which are screen-channel loudspeakers and can be installed in small to medium-format cinemas in China . Sony India announced the launch of its latest premium wireless speaker, SRS-RA3000, in February 2021 . In October 2021 , Soundcore announced the launch of Select Pro speakers in India , which are portable speakers and can be used in outdoor venues. 

View market report outlook to learn more about factors influencing the market.

Professional Speaker Market: Key Trends

The increasing demand for professional speakers in sporting arenas and stadiums is a key market trend that is expected to positively impact the professional speaker market in the forecast period. Sporting arenas and stadiums need to be equipped with video, lighting technologies, and integrated advanced audio. For instance, HARMAN Professional Solutions, a leading vendor, offers versatile line array (VLA) loudspeakers that use the combination of line array technology and horn-loaded design and can offer horizontal pattern control. The firm claims that these speakers were installed in Soldier Field stadium in the US, Moda Center, an indoor sports arena used for basketball, ice hockey, and rodeos, US Bank Stadium, and BC Place, a multipurpose stadium located in Canada .

The report identifies the following as the dominant vendors in the market:

The professional speaker market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. For instance, AEB Industriale Srl, a leading vendor, offers the INGENIA series that embodies a longtime experience in acoustics, mechanics, power electronics, and DSP programming, combined with talent and intuition in order to create an unprecedented active speaker. The company also offers a range of products such as sound systems, radio systems, amplifiers, software, and controller.

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APAC's Contribution to Professional Speaker Market

The increase in growth in the music industry, the availability of professional speakers through organized retail stores and e-commerce platforms, and the presence of prominent vendors are expected to facilitate the professional speaker market growth in APAC over the forecast period. APAC is expected to contribute to 31% of market growth as countries such as the US, Canada , China , Germany , and the UK are the key markets for professional speakers.

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Accelerate at a CAGR of 4.36%

North America, Europe, APAC, Middle East and Africa, and South America

US, Canada, China, Germany, and UK

Leading companies, Competitive strategies, Consumer engagement scope

Yamaha Corp., AEB Industriale Srl, B and C Speakers SpA, Biamp Systems LLC, Bose Corp., Bowers and Wilkins, Carlson Audio Systems, CELTO Acoustique Europe SRL, CODA Audio GmbH, d and b audiotechnik GmbH and Co. KG, Dynaudio AS, Extron , Harman International Industries Inc., K array, L-Acoustics, Loud Audio LLC, Meyer Sound Laboratories Inc., Nady Systems Inc., Renkus-Heinz Inc., and Sony Group Corp.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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The professional speaker market is divided into the digital segment and the analog segment. The digital segment is expected to be the major contributor to the professional speaker market. The growth can be attributed to a wide range of professional digital speakers such as point line array speakers, source speakers, and subwoofers offered by market vendors.

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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library and its client base consist of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:[email protected] Website: www.technavio.com/

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