United States Sound Reinforcement Industry Outlook and Forecast Report 2019-2024 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Sound
Reinforcement Market in US – Industry Outlook and Forecast 2019-2024”

report has been added to ResearchAndMarkets.com’s
offering.

The US sound reinforcement market is likely to reach around $3.16
billion by 2024, growing at a CAGR of approximately 3% during 2018-2024.

The growing convergence of Pro AV and IoT, the booming live industry
music industry, strategic collaborations for product designs, changing
corporate dynamics, and the rising adoption of sound reinforcement
systems across educational institutes and government offices are
expected to drive the US sound reinforcement market in coming years.
Rapid urbanization and industrialization are two major factors that are
driving the adoption of sound reinforcement systems in several sectors

Several new vendors are trying to enter the US sound reinforcement
market by introducing innovative tools and devices. However, the
existing consumer electronics vendors/traditional pro AV systems
providers are not far behind. They are consistently enhancing their
product portfolios. Hence, the introduction of upgrades is expected to
drive market growth during the forecast period. Advancements in
technology will help sound enhancement products to fare better in terms
of usage, connectivity, design, sensor technology, and signal
transmission during the forecast period.

The research report on the US sound reinforcement market covers market
sizing and forecast, market share, industry trends, growth drivers, and
vendor analysis. The study includes insights on market segmentation by
products (microphones, pro speakers, audio/sound mixer, audio signal
processor, power amplifiers, others), formats (digital and analog),
distribution channels (online and retail), and end-users (large venues
and events, corporates, educational institutes, government and military,
and others).

With an intensifying competitive market, the corporate sector and
institutional workplaces are increasingly adopting equipment such as Pro
AV solutions to smoothen the flow of work activities.

The usage of sound reinforcement systems across educational institutes
has witnessed considerable transformation over the years. Further, the
development of innovative tools and technology to promote e-learning in
classrooms is expected to fuel the growth of these devices in the
educational sector. Having realized the high potential of AV systems,
several vendors are partnering with educational institutes, which is
expected to drive the US sound reinforcement market in coming years.

Market Dynamics

Market Opportunities & Trends

  • Growing Convergence of Pro AV and IoT
  • Booming Live Music Industry
  • Leveraging Industry Trade Events

Strategic Collaborations for Product Designs

Market Growth Restraints

  • Government Regulations – FCC Wireless Spectrum Auction
  • Technical Difficulties Hampering Adoption of Wireless Microphones
  • Acoustical Challenges Related to Pro Speakers

Market Growth Enabler

  • Changing Corporate Dynamics
  • Increased Adoption Projected by House of Worships
  • Demand Driven by Frequent Sporting Events
  • Rising Adoption Across Educational Institutes

Prominent Vendors

  • Audio-Technica
  • Business Overview
  • Product Offerings
  • Key Strengths
  • Key Strategies
  • Key Opportunities
  • Bose
  • HARMAN International
  • MUSIC Group (Music Tribe)
  • Sennheiser Electronic
  • Shure
  • Sony
  • Yamaha

Other Prominent Vendors

  • ADK microphones
  • Business Overview
  • AEB Industriale (DB TECHNOLOGIES)
  • Alcons Audio
  • Ansr Audio
  • Apex Audio
  • Audioprof
  • Audio Engineering Associates
  • Audix microphones
  • Beijing 797 Audio
  • Belden
  • Beyerdynamic
  • Blue Microphones
  • Bowers & Wilkins (B&W)
  • BOYA
  • CAD Audio
  • Carlson Audio Systems
  • CeltoAcoustique
  • Coda Audio
  • CORDIAL
  • Dynaudio
  • d&baudiotechnik/system
  • Electro-Voice (EV)
  • Extron Electronics
  • GTD Audio
  • HEDD – Heinz Electrodynamic Designs
  • Hz Sound Systems
  • inMusic
  • Klipsch Audio Technologies
  • K-Array
  • Lectrosonics
  • Legrand
  • Lewitt
  • Liberty AV
  • LOUD Audio
  • MIPRO Electronics
  • MXL by Marshall Electronics
  • Nady Systems
  • OUTLINE
  • Pan Acoustics
  • Powersoft Audio
  • PROEL
  • Pyle Pro
  • Samson Technologies
  • sE Electronics
  • Southwire Company
  • Stewart Audio
  • Vivolink
  • Zaxcom

Key Market Insights

  • Offers market sizing and growth prospects of the functional US sound
    reinforcement market for the forecast period 2019-2024
  • Provides comprehensive insights on the latest industry trends, market
    forecast, and growth drivers in the US sound reinforcement market
  • Includes a detailed analysis of market growth drivers, challenges, and
    investment opportunities
  • Delivers a complete overview of market segments and the regional
    outlook of the US sound reinforcement market
  • Offers an exhaustive summary of the vendor landscape, competitive
    analysis, and key market strategies to gain a competitive advantage in
    the US sound reinforcement market

For more information about this report visit https://www.researchandmarkets.com/r/vlwt3c

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Author: dmnnewswire