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Professional Speakers Market By Product Type (Point Source Speaker Systems, Line Array Speaker Systems, Subwoofers, Other Pro Speaker Systems) By Forma (Digital, Analog) By Distribution Channel (Online Stores, Retail Outlets, AV System Integrators, PRO AV Dealers & Distributors, PRO AV Electronic Stores) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

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Published: | Report ID: 8051 | Report Format : PDF

About this report

The professional speakers industry is critically analyzed using key characteristics in the global professional speakers market study. The research covers investment tactics, the need for investments in the market for professional speakers, and the many advantages for investors. The paper also details how both economic and non-economic hurdles are promoting the expansion of the professional speakers market. These are significant developments in the global technical rules for the sector. Additionally, the report examines historical and projected market sizes at the global, regional, and national levels. The report also offers a thorough analysis of the most important investment propositions, the demand and supply gap, the positioning of the competition, and the STAR, SRC, and Tornado analyses. Important technology advancements and other assessments, including Porter’s Five Forces, PESTEL, Value Chain, etc., are also included in the report.

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Key Highlights of the report

How are the major segments performing in the professional speakers market?

  • Point source speaker systems are less expensive than multi-speaker variants and have improved sound coherence, so they dominated the global professional speakers market in 2021.
  • The online retailers category had the highest revenue share in the market in 2021 due to the availability of a large variety of products on numerous e-commerce websites like Amazon, eBay, Alibaba, and many more.
  • A significant portion of the market in 2021 belonged to the corporate segment as a result of the opening of new offices and the growing use of IoT by businesses around the world.
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Which region dominated the professional speakers market?

North America accounted for the highest portion of professional speakers worldwide in 2021, and it is anticipated that it will continue to dominate the industry going forward. The growth is mostly owing to pro AV systems’ rising adoption in the United States and Canada. Another important element driving market expansion in this region is the presence of significant industry players.

What is the competitive environment of the professional speakers market?

The competitive environment for the professional speakers market provides data on the total economic profit made by suppliers and businesses, the sales and revenues generated in this industry, the professional speakers market share globally, a summary of the business organization, the introduction of new products, and market opportunities. In addition, a well-organized and effective supply chain and an extended retail network are among speaker manufacturers’ main expansion tactics for connecting with consumers.

Executive Summary

How is AI transforming pro AV speakers?

All sectors of society now use artificial intelligence, including healthcare, finance, industry, and education. Artificial intelligence (AI) is the term used when a computer starts to mimic cognitive functions that people associate with those of other human brains. Pro AV is not being left behind, as AI Technologies have made incredible strides. AV endpoints are now gathering system analytics and room measurements. In order to collect more valuable data in more locations, the cloud, 5G’s super-fast connection, IoT sensors, and artificial intelligence (AI) are combining. According to AV experts, this convergence will usher in a new era of design where systems are developed with learned user behaviours in mind. Additionally, there are a lot of opportunities created by the integration of voice and intelligent assistants in professional AV environments. One such possibility is to use this technology in conjunction with a clever Active Directory. Businesses already maintain a database containing the contact and professional details of their employees. With a smart AD, businesses might begin storing biometric information, including voice. This would completely do away with the need to check in at flexible meeting locations. As an alternative, when staff enters a conference room, speech recognition will immediately activate their preferences.

Which are the key investments by the professional speakers market players?

The top players in the professional speaker market are focusing on increasing their ability to produce storage and retrieval systems. In addition to this, players are focusing on strategic alliances, mergers, and acquisitions, collaborations, and raising consumer awareness through a variety of advertising campaigns to aid manufacturers in promoting the use of professional speakers in the industry. This further aids to expand their customer base in the global market for professional speakers and gain a competitive edge.

Harman International, Sony Corporation, D&B Audiotechnik, Universal Music Group N.V., LOUD Audio LLC, L-Acoustics, Bowers & Wilkins, Carlson Audio Systems, Bowers & Wilkins, and Bose Corporation are some significant industry players in the professional speaker market.

What are the major driving factors for the professional speakers market?

There are several key drivers that are projected to propel the growth of the professional speakers market, including new product launches, the convergence of IoT and the pro-AV industry, and increased demand from athletic arenas and stadiums. In addition, a growing need for efficient sound reinforcement equipment, such as pro speakers for communication and announcements in stadiums and athletic venues, will fuel market growth in the coming years. The corporate sector and institutions are gradually integrating AV technology to enhance and regulate workplace workflow as a result of rising competition. In the business sector, the usage of sound reinforcement equipment and video conferencing systems is becoming necessary. As a result, providers are creating fresh goods that meet the needs of the moment, which promotes the expansion of the market for professional speakers. Additionally, as music gains in popularity, the number of musical performances will rise. This will also speed up the rate of advancement in music production and recording technology, which will fuel the expansion of the global professional speaker market over the coming years.

What are the major risks for the professional speakers market?

Acoustical issues and fluctuating raw material prices are a couple of the main things holding back the expansion of the professional speaker market. To ensure that there is no interference between two speakers, a sufficient array of point source speakers must be used. Additionally, using point sources and line array speakers has disadvantages due to design limitations. The future expansion of the market may be hampered by these constraints.

Which is the key application in the professional speakers market?

Since point source speaker systems are less expensive than multi-speaker counterparts and offer superior sound consistency, they have dominated the market for professional speakers globally. A point source loudspeaker does precisely what its name suggests: it is a single speaker, or a number of speakers placed far apart, that emits a broad range of sound from a single point. To achieve higher SPL levels, a stack of identical-range speakers is stacked on top of one another in a point source arrangement.

How is the professional speakers market performing in regions?

The largest portion of the global market for professional speakers is owned by North America. The expansion is attributed to pro AV system penetration increasing to an all-time high in the United States and Canada. The market expansion in the upcoming years is also being driven by the presence of significant industry players in this area. A higher CAGR is anticipated for Asia-Pacific during the projection period as a result of rising disposable income and technological improvements in nations like China, Japan, India, and South Korea.

What is the regulatory landscape for the professional speakers market?

Professional speakers marketed in the EU must comply with the RoHS (Restriction of Hazardous Compounds Directive), which limits the use of particular hazardous substances in electronic equipment. Cadmium (Cd), Lead (Pb), and Mercury (Hg) are only a few of the prohibited compounds listed by RoHS. Batteries, metal coatings, and solder all include these banned chemicals. Every electrical or electronic part of your product must comply with RoHS. Only RoHS compliant components may be used in manufacturing or assembly procedures by your suppliers.

What is the market size of professional speakers regarding value?

The market for professional speakers is predicted to expand at a substantial CAGR of 3.0% during the forecast period.  The value of the professional speakers market was predicted to reach USD XX billion in 2021 and USD XX billion in 2028.

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What are the major players planning for the future of the professional speakers market?

It is envisaged that investing in downstream applications and expanding regional presence will give businesses a competitive edge. For instance, JBL Professional 3800 and 4800 Series screen-channel loudspeakers that can be put in small to medium-format theatres were introduced by Harman International in December 2021. The SRS-RA3000, Sony Corporation’s newest high-end wireless speaker, was introduced in February 2021. These launches will increase both the company’s consumer base and product portfolio.

Segmentation of Global Professional speakers Market-

Global Profession speakers Market – By Product Type

  • Point Source Speaker Systems
  • Line Array Speaker Systems
  • Subwoofers
  • Other Pro Speaker Systems

Global Professional speakers Market – By Format

  • Digital
  • Analog

Global Professional speakers Market – By Distribution Channel

  • Online Stores
  • Retail Outlets
  • AV System Integrators
  • PRO AV Dealers & Distributors
  • PRO AV Electronic Stores

Global Professional speakers Market – By End-User

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

Global Professional speakers Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • U K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Professional Speakers Market
2.2. Global Professional Speakers Market, By Product Type
2.3. Global Professional Speakers Market, By Format
2.4. Global Professional Speakers Market, By Distribution Channel
2.5. Global Professional Speakers Market, By End-User
2.6. Global Professional Speakers Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Professional Speakers Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Type
3.3.2. Application
3.3.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021
5.1. Company market share of key players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Type Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID 19 Impact Analysis
6.1. Global Professional Speakers Market Pre Vs Post COVID 19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Professional Speakers Market
7.1. Global Professional Speakers Market, by Product Type, 2016-2028(US$ Bn)
7.1.1. Overview
7.1.2. Global Professional Speakers Market, By Product Type, 2021 vs 2028 (in%)
7.1.3. Global Professional Speakers Market, By Point Source Speaker Systems, 2016-2028 (US$ Bn)
7.1.4. Global Professional Speakers Market, By Line Array Speaker Systems, 2016-2028 (US$ Bn)
7.1.5. Global Professional Speakers Market, By Subwoofers, 2016-2028 (US$ Bn)
7.1.6. Global Professional Speakers Market, By Other Pro Speaker Systems, 2016-2028 (US$ Bn)
7.2. Global Professional Speakers Market, by Format, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Global Professional Speakers Market, By End-User, 2021 vs 2028 (in%)
7.2.3. Global Professional Speakers Market, By Digital, 2016-2028 (US$ Bn)
7.2.4. Global Professional Speakers Market, By Analog, 2016-2028 (US$ Bn)
7.3. Global Professional Speakers Market, by Distribution Channel, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Global Professional Speakers Market, By Distribution Channel, 2021 vs 2028 (in%)
7.3.3. Global Professional Speakers Market, By Online Stores, 2016-2028 (US$ Bn)
7.3.4. Global Professional Speakers Market, By Retail Outlets, 2016-2028 (US$ Bn)
7.3.5. Global Professional Speakers Market, By AV System Integrators, 2016-2028 (US$ Bn)
7.3.6. Global Professional Speakers Market, By PRO AV Dealers & Distributors, 2016-2028 (US$ Bn)
7.3.7. Global Professional Speakers Market, By PRO AV Electronic Stores, 2016-2028 (US$ Bn)
7.4. Global Professional Speakers Market, by End-User, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Global Professional Speakers Market, By End-User, 2021 vs 2028 (in%)
7.4.3. Global Professional Speakers Market, By Corporates, 2016-2028 (US$ Bn)
7.4.4. Global Professional Speakers Market, By Large Venues & Events, 2016-2028 (US$ Bn)
7.4.5. Global Professional Speakers Market, By Educational Institutes, 2016-2028 (US$ Bn)
7.4.6. Global Professional Speakers Market, By Government & Military, 2016-2028 (US$ Bn)
7.4.7. Global Professional Speakers Market, By Studio & Broadcasting, 2016-2028 (US$ Bn)
7.4.8. Global Professional Speakers Market, By Hospitality, 2016-2028 (US$ Bn)
7.4.9. Global Professional Speakers Market, By Others, 2016-2028 (US$ Bn)

8. North America Professional Speakers Market Analysis
8.1. North America Professional Speakers Market, by Product Type, 2016-2028(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Professional Speakers Market, by Format, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Professional Speakers Market, by Distribution Channel, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Professional Speakers Market, by End-User, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. SRC Analysis
8.5. North America Professional Speakers Market, by Country, 2016-2028 (US$ Bn)
8.5.1. U.S.
8.5.1.1. U.S. Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.5.1.2. U.S. Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
8.5.1.3. U.S. Professional Speakers, By Format, 2016-2028 (US$ Bn)
8.5.1.4. U.S. Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
8.5.1.5. U.S. Professional Speakers, By End-User, 2016-2028 (US$ Bn)
8.5.2. Canada
8.5.2.1. Canada Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.5.2.2. Canada Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
8.5.2.3. Canada Professional Speakers, By Format, 2016-2028 (US$ Bn)
8.5.2.4. Canada Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
8.5.2.5. Canada Professional Speakers, By End-User, 2016-2028 (US$ Bn)

9. Europe Professional Speakers Market Analysis
9.1. Europe Professional Speakers Market, by Product Type, 2016-2028(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Professional Speakers Market, by Format, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Professional Speakers Market, by Distribution Channel, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Professional Speakers Market, by End-User, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. SRC Analysis
9.5. Europe Professional Speakers Market, by Country, 2016-2028 (US$ Bn)
9.5.1. Germany
9.5.1.1. Germany Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.1.2. Germany Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
9.5.1.3. Germany Professional Speakers, By Format, 2016-2028 (US$ Bn)
9.5.1.4. Germany Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
9.5.1.5. Germany Professional Speakers, By End-User, 2016-2028 (US$ Bn)
9.5.2. France
9.5.2.1. France Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.2.2. France Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
9.5.2.3. France Professional Speakers, By Format, 2016-2028 (US$ Bn)
9.5.2.4. France Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
9.5.2.5. France Professional Speakers, By End-User, 2016-2028 (US$ Bn)
9.5.3. UK
9.5.3.1. UK Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.3.2. UK Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
9.5.3.3. UK Professional Speakers, By Format, 2016-2028 (US$ Bn)
9.5.3.4. UK Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
9.5.3.5. UK Professional Speakers, By End-User, 2016-2028 (US$ Bn)
9.5.4. Italy
9.5.4.1. Italy Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.4.2. Italy Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
9.5.4.3. Italy Professional Speakers, By Format, 2016-2028 (US$ Bn)
9.5.4.4. Italy Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
9.5.4.5. Italy Professional Speakers, By End-User, 2016-2028 (US$ Bn)
9.5.5. Spain
9.5.5.1. Spain Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.5.2. Spain Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
9.5.5.3. Spain Professional Speakers, By Format, 2016-2028 (US$ Bn)
9.5.5.4. Spain Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
9.5.5.5. Spain Professional Speakers, By End-User, 2016-2028 (US$ Bn)
9.5.6. Rest of Europe
9.5.6.1. Rest of Europe Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.6.2. Rest of Europe Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
9.5.6.3. Rest of Europe Professional Speakers, By Format, 2016-2028 (US$ Bn)
9.5.6.4. Rest of Europe Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
9.5.6.5. Rest of Europe Professional Speakers, By End-User, 2016-2028 (US$ Bn)

10. Asia Pacific Professional Speakers Market Analysis
10.1. Asia Pacific Professional Speakers Market, by Product Type, 2016-2028(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Professional Speakers Market, by Format, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Professional Speakers Market, by Distribution Channel, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Professional Speakers Market, by End-User, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. SRC Analysis
10.5. Asia Pacific Professional Speakers Market, by Country, 2016-2028 (US$ Bn)
10.5.1. China
10.5.1.1. China Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.1.2. China Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
10.5.1.3. China Professional Speakers, By Format, 2016-2028 (US$ Bn)
10.5.1.4. China Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
10.5.1.5. China Professional Speakers, By End-User, 2016-2028 (US$ Bn)
10.5.2. Japan
10.5.2.1. Japan Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.2.2. Japan Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
10.5.2.3. Japan Professional Speakers, By Format, 2016-2028 (US$ Bn)
10.5.2.4. Japan Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
10.5.2.5. Japan Professional Speakers, By End-User, 2016-2028 (US$ Bn)
10.5.3. India
10.5.3.1. India Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.3.2. India Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
10.5.3.3. India Professional Speakers, By Format, 2016-2028 (US$ Bn)
10.5.3.4. India Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
10.5.3.5. India Professional Speakers, By End-User, 2016-2028 (US$ Bn)
10.5.4. South Korea
10.5.4.1. South Korea Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.4.2. South Korea Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
10.5.4.3. South Korea Professional Speakers, By Format, 2016-2028 (US$ Bn)
10.5.4.4. South Korea Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
10.5.4.5. South Korea Professional Speakers, By End-User, 2016-2028 (US$ Bn)
10.5.5. South-East Asia
10.5.5.1. South-East Asia Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.5.2. South-East Asia Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
10.5.5.3. South-East Asia Professional Speakers, By Format, 2016-2028 (US$ Bn)
10.5.5.4. South-East Asia Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
10.5.5.5. South-East Asia Professional Speakers, By End-User, 2016-2028 (US$ Bn)
10.5.6. Rest of Asia Pacific
10.5.6.1. Rest of Asia Pacific Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.6.2. Rest of Asia Pacific Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
10.5.6.3. Rest of Asia Pacific Professional Speakers, By Format, 2016-2028 (US$ Bn)
10.5.6.4. Rest of Asia Pacific Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
10.5.6.5. Rest of Asia Pacific Professional Speakers, By End-User, 2016-2028 (US$ Bn)

11. Latin America Professional Speakers Market Analysis
11.1. Latin America Professional Speakers Market, by Product Type, 2016-2028(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Professional Speakers Market, by Format, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Professional Speakers Market, by Distribution Channel, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Professional Speakers Market, by End-User, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. SRC Analysis
11.5. Latin America Professional Speakers Market, by Country, 2016-2028 (US$ Bn)
11.5.1. Brazil
11.5.1.1. Brazil Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.5.1.2. Brazil Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
11.5.1.3. Brazil Professional Speakers, By Format, 2016-2028 (US$ Bn)
11.5.1.4. Brazil Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
11.5.1.5. Brazil Professional Speakers, By End-User, 2016-2028 (US$ Bn)
11.5.2. Mexico
11.5.2.1. Mexico Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.5.2.2. Mexico Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
11.5.2.3. Mexico Professional Speakers, By Format, 2016-2028 (US$ Bn)
11.5.2.4. Mexico Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
11.5.2.5. Mexico Professional Speakers, By End-User, 2016-2028 (US$ Bn)
11.5.3. Rest of Latin America
11.5.3.1. Rest of Latin America Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.5.3.2. Rest of Latin America Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
11.5.3.3. Rest of Latin America Professional Speakers, By Format, 2016-2028 (US$ Bn)
11.5.3.4. Rest of Latin America Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
11.5.3.5. Rest of Latin America Professional Speakers, By End-User, 2016-2028 (US$ Bn)

12. Middle East and Africa Professional Speakers Market Analysis
12.1. Middle East and Africa Professional Speakers Market, by Product Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Professional Speakers Market, by Format, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Professional Speakers Market, by Distribution Channel, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Professional Speakers Market, by End-User, 2016-2028(US$ Bn)
12.4.1. Overview
12.4.2. SRC Analysis
12.5. Middle East and Africa Professional Speakers Market, by Country, 2016-2028 (US$ Bn)
12.5.1. GCC Countries
12.5.1.1. GCC Countries Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.5.1.2. GCC Countries Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
12.5.1.3. GCC Countries Professional Speakers, By Format, 2016-2028 (US$ Bn)
12.5.1.4. GCC Countries Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
12.5.1.5. GCC Countries Professional Speakers, By End-User, 2016-2028 (US$ Bn)
12.5.2. South Africa
12.5.2.1. South Africa Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.5.2.2. South Africa Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
12.5.2.3. South Africa Professional Speakers, By Format, 2016-2028 (US$ Bn)
12.5.2.4. South Africa Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
12.5.2.5. South Africa Professional Speakers, By End-User, 2016-2028 (US$ Bn)
12.5.3. Rest of Middle East and Africa
12.5.3.1. Rest of Middle East and Africa Professional Speakers Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.5.3.2. Rest of Middle East and Africa Professional Speakers, By Product Type, 2016-2028 (US$ Bn)
12.5.3.3. Rest of Middle East and Africa Professional Speakers, By Format, 2016-2028 (US$ Bn)
12.5.3.4. Rest of Middle East and Africa Professional Speakers, By Distribution Channel, 2016-2028 (US$ Bn)
12.5.3.5. Rest of Middle East and Africa Professional Speakers, By End-User, 2016-2028 (US$ Bn)

13. Company Profiles
13.1. Harman International (Samsung)
13.1.1. Company Overview
13.1.2. Product Types/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Sony Corporation
13.3. D&B Audiotechnik
13.4. Universal Music Group N.V.
13.5. LOUD Audio LLC
13.6. L-Acoustics
13.7. Bowers & Wilkins
13.8. Carlson Audio Systems
13.9. Bowers & Wilkins
13.10. Bose Corporation
13.11. Others

List of Figures

FIG. 1 Global Professional Speakers Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Professional Speakers Market Segmentation
FIG. 4 Global Professional Speakers Market, by Product Type, 2021 (US$ Bn)
FIG. 5 Global Professional Speakers Market, by Format, 2021 (US$ Bn)
FIG. 6 Global Professional Speakers Market, by Distribution Channel, 2021 (US$ Bn)
FIG. 7 Global Professional Speakers Market, by End-User, 2021 (US$ Bn)
FIG. 8 Global Professional Speakers Market, by Geography, 2021 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Product Type, 2021
FIG. 10 Attractive Investment Proposition, by Format, 2021
FIG. 11 Attractive Investment Proposition, by Distribution Channel, 2021
FIG. 12 Attractive Investment Proposition, by End-User, 2021
FIG. 13 Attractive Investment Proposition, by Geography, 2021
FIG. 14 Global Market Share Analysis of Key Professional Speakers Market Manufacturers, 2021
FIG. 15 Global Market Positioning of Key Professional Speakers Market Manufacturers, 2021
FIG. 16 Global Professional Speakers Market Value Contribution, By Product Type, 2021 & 2028 (Value %)
FIG. 17 Global Professional Speakers Market, by Point Source Speaker Systems, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Professional Speakers Market, by Line Array Speaker Systems, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Professional Speakers Market, by Subwoofers, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Professional Speakers Market, by Other Pro Speaker Systems, Value, 2016-2028 (US$ Bn)
FIG. 21 Global Professional Speakers Market Value Contribution, By Format, 2021 & 2028 (Value %)
FIG. 22 Global Professional Speakers Market, by Digital, Value, 2016-2028 (US$ Bn)
FIG. 23 Global Professional Speakers Market, by Analog, Value, 2016-2028 (US$ Bn)
FIG. 24 Global Professional Speakers Market Value Contribution, By Distribution Channel, 2021 & 2028 (Value %)
FIG. 25 Global Professional Speakers Market, by Online Stores, Value, 2016-2028 (US$ Bn)
FIG. 26 Global Professional Speakers Market, by Retail Outlets, Value, 2016-2028 (US$ Bn
FIG. 27 Global Professional Speakers Market, by AV System Integrators, Value, 2016-2028 (US$ Bn)
FIG. 28 Global Professional Speakers Market, by PRO AV Dealers & Distributors, Value, 2016-2028 (US$ Bn)
FIG. 29 Global Professional Speakers Market, by PRO AV Electronic Stores, Value, 2016-2028 (US$ Bn)
FIG. 30 Global Professional Speakers Market Value Contribution, By End-User, 2021 & 2028 (Value %)
FIG. 31 Global Professional Speakers Market, by Corporates, Value, 2016-2028 (US$ Bn)
FIG. 32 Global Professional Speakers Market, by Large Venues & Events, Value, 2016-2028 (US$ Bn)
FIG. 33 Global Professional Speakers Market, by Educational Institutes, Value, 2016-2028 (US$ Bn)
FIG. 34 Global Professional Speakers Market, by Government & Military, Value, 2016-2028 (US$ Bn)
FIG. 35 Global Professional Speakers Market, by Studio & Broadcasting, Value, 2016-2028 (US$ Bn)
FIG. 36 Global Professional Speakers Market, by Hospitality, Value, 2016-2028 (US$ Bn)
FIG. 37 Global Professional Speakers Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 38 U.S. Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 39 Canada Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 40 Germany Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 41 France Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 42 U.K. Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 43 Italy Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 44 Spain Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 45 Rest of Europe Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 46 China Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 47 Japan Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 48 India Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 49 South Korea Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 50 Southeast Asia Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 51 Rest of Asia Pacific Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 52 Latin America Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 53 Brazil Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 54 Mexico Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 55 Rest of Latin America Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 56 Middle East & Africa Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 57 GCC Countries Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 58 South Africa Professional Speakers Market, 2016-2028 (US$ Bn)
FIG. 59 Rest of Middle East and Africa Professional Speakers Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Professional Speakers Market
TABLE 2 Global Professional Speakers Market, by Competitive Benchmarking, 2021
TABLE 3 Global Professional Speakers Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Professional Speakers Market, by Key Strategies Analysis, 2021
TABLE 5 Global Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 6 Global Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 7 Global Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 8 Global Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 9 Global Professional Speakers Market, by Geography, 2016-2028 (US$ Bn)
TABLE 10 North America Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 11 North America Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 12 North America Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 13 North America Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 14 North America Professional Speakers Market, by Country, 2016-2028 (US$ Bn)
TABLE 15 US Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 16 US Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 17 US Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 18 US Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 19 Canada Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 20 Canada Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 21 Canada Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 22 Canada Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 23 Europe Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 24 Europe Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 25 Europe Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 26 Europe Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 27 Europe Professional Speakers Market, by Country, 2016-2028 (US$ Bn)
TABLE 28 Germany Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 29 Germany Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 30 Germany Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 31 Germany Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 32 France Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 33 France Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 34 France Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 35 France Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 36 UK Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 37 UK Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 38 UK Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 39 UK Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 40 Italy Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 41 Italy Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 42 Italy Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 43 Italy Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 44 Spain Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 45 Spain Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 46 Spain Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 47 Spain Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 48 Rest of Europe Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 49 Rest of Europe Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 50 Rest of Europe Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 51 Rest of Europe Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 52 Asia Pacific Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 53 Asia Pacific Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 54 Asia Pacific Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 55 Asia Pacific Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 56 Asia Pacific Professional Speakers Market, by Country, 2016-2028 (US$ Bn)
TABLE 57 China Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 58 China Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 59 China Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 60 China Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 61 Japan Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 62 Japan Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 63 Japan Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 64 Japan Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 65 India Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 66 India Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 67 India Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 68 India Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 69 South Korea Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 70 South Korea Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 71 South Korea Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 72 South Korea Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 73 South East Asia Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 74 South East Asia Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 75 South East Asia Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 76 South East Asia Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 77 Rest of Asia Pacific Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 78 Rest of Asia Pacific Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 79 Rest of Asia Pacific Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 80 Rest of Asia Pacific Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 81 Latin America Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 82 Latin America Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 83 Latin America Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 84 Latin America Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 85 Latin America Professional Speakers Market, by Country, 2016-2028 (US$ Bn)
TABLE 86 Brazil Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 87 Brazil Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 88 Brazil Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 89 Brazil Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 90 Mexico Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 91 Mexico Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 92 Mexico Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 93 Mexico Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 94 Rest of Latin America Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 95 Rest of Latin America Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 96 Rest of Latin America Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 97 Rest of Latin America Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 98 Middle East and Africa Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 99 Middle East and Africa Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 100 Middle East and Africa Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 101 Middle East and Africa Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 102 GCC Countries Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 103 GCC Countries Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 104 GCC Countries Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 105 GCC Countries Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 106 South Africa Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 107 South Africa Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 108 South Africa Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 109 South Africa Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)
TABLE 110 Rest of Middle East and Africa Professional Speakers Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 111 Rest of Middle East and Africa Professional Speakers Market, by Format, 2016-2028 (US$ Bn)
TABLE 112 Rest of Middle East and Africa Professional Speakers Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 113 Rest of Middle East and Africa Professional Speakers Market, by End-User, 2016-2028 (US$ Bn)

Frequently Asked Questions

How does COVID-19 Impact the global professional speakers market?

Due to imposed state wide lockdowns and other restrictions to stop the disease’s spread, the COVID-19 pandemic had a detrimental effect on the world market for professional speakers. As a result, physical retail outlets for professional speakers were shut down, which had an effect on sales.

Which is the leading region of the market for professional speakers?

The primary source of revenue for the world’s professional speakers industry was North America.

What are the key drivers for the growth of the professional speakers market?

The introduction of new products, expanding usage in the sports arena, and rising demand from businesses, organisations, and governments are the main factors driving the market’s expansion.

Which is the major segment in the professional speakers market by product type?

In 2021, the point source speaker system market category held a sizable market share.

Which is the major segment in the professional speakers market by distribution channel?

A significant portion of the global market was accounted for by online stores.

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