About the Music Synthesizers Market
The electric signals, in a synthesizer or synths, are converted to sound with the help of amplifiers and speakers. The instrument is mostly played in conjunction with a keyboard. It can also be controlled using musical instruments such as guitars, sequencers, drums, and fingerboards. Analog, digital, modular, and virtual synthesizers are some of the most popular synthesizer types.
Technavio’s analysts forecast the global music synthesizers market to grow at a CAGR of 2.6% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global music synthesizers market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of hardware synthesizers in the global market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Music Synthesizers Market 2016-2020
Technavio recognizes the following companies as the key players in the global music synthesizers market: Casio, Korg, Novation Digital Music Systems, Roland, and Yamaha.
Other Prominent Vendors in the market are: Allen & Heath, Arturia, Dave Smith Instruments, Elektron, Focusrite, Hercules, Kurzweil Music, Medeli Electronics, Moog Music, Stanton, and Teenage Engineering.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is helping boost market growth is the transition from developed to emerging markets. Major synthesizer brands are shifting their focus to emerging markets as developed markets are nearing saturation. The expansion will help vendors increase their customer base and geographical reach. Developing APAC countries such as India, China, and South Korea are contributing to keep the market afloat.”
According to the report, a key growth driver is the increased demand for concerts and live performances. The passion for music among the population has led to an increase in the number of concerts and live performances, globally. In 2014, the live performance segment published music worth $2.74 billion, and it is likely to increase during the forecast period. The rise in number of concerts and live performances is because people want to watch their favourite artists perform. Growing interest in music among the younger generation supports the growth of the market.
Further, the report states that one challenge that could restrict market growth is the increased adoption of app-based musical instruments.
Casio, Korg, Novation Digital Music Systems, Roland, Yamaha, Allen & Heath, Arturia, Dave Smith Instruments, Elektron, Focusrite, Hercules, Kurzweil Music, Medeli Electronics, Moog Music, Stanton, Teenage Engineering.
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