About the Disc Jockey (DJ) Consoles Market
The preference for live entertainment will likely have a positive impact on the growth of the market, as a result, the number of musicians, artists, and DJs has increased significantly. Advances in technology have led to the development of mobile DJ apps that allow track mixing. These apps are available in both free and paid versions. The availability of apps poses a challenge to the market, thereby hindering the revenue inflow for vendors in the global DJ consoles market. DJ consoles have a long life cycle of nearly 8-10 years and do not require high maintenance, which also poses a challenge to the growth of the market.
Technavio’s analysts forecast the global disc jockey (DJ) consoles market to grow at a CAGR of 2.32% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global disc jockey (DJ) consoles market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of DJ consoles that include:
Technavio Announces the Publication of its Research Report – Global Disc Jockey (DJ) Consoles Market 2016-2020
Technavio recognizes the following companies as the key players in the global disc jockey (DJ) consoles market: Denon DJ (inMusic), GCI Technologies, Native Instruments, Numark Industries, and Pioneer DJ.
Other Prominent Vendors in the market are: Allen & Heath, Focusrite, Hercules, Korg, Reloop, Serato Audio Research, and Stanton.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is helping boost market growth is the rising adoption of DJ software for song mixing. Advances in technology have led to the development of advanced mobile-based software that helps a user mix and compose tracks. For instance, Serato’s DJ is a leading software that is compatible with the hardware of a number of DJ consoles belonging to different brands. It allows easy plug and play options by importing songs from a local device. Its new app Serato Pyro for iOS devices and Apple watch allows seamless mixing of songs from both playlist and Spotify, without missing a beat.”
According to the report, a key growth driver is the increased demand for live events. The passion for music among younger generation has contributed to the growing demand for live events. The growing preference for live events and EDM has led to an increase in the number of DJs around the world. It has increased the demand for live events that have popular DJs and artists performing at the event. Hotels, restaurants, social gatherings, and shopping malls arrange live events so that people can watch their favourite artists and DJs perform. This creates high enthusiasm and interest among individuals to attend such events.
Further, the report states that one challenge that could dampen market growth is the long replacement cycle of DJ consoles.
Denon DJ (inMusic), GCI Technologies, Native Instruments, Numark Industries, Pioneer DJ, Allen & Heath, Focusrite, Hercules, Korg, Reloop, Serato Audio Research, Stanton.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook