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Global Smart Musical Instruments Market 2018-2022

Global Smart Musical Instruments Market 2018-2022

About this market

The growing importance of music in education is identified as one of the key trends that will gain traction in the market. Learning how to play musical instruments has many benefits. Some of the benefits include language development, brain efficiency, intelligent quotient, enhancement of special-temporal skills, improved concentration, and others. Technavio’s analysts have predicted that the global smart musical instruments market will register a CAGR of over 4% by 2022.Market Overview

Increasing penetration of motion sensors

The popularity of wearable smart musical instruments is rising among consumers as it produces music by monitoring the physical movements or gestures. Motion sensors are sued to detect the body movement and produce predetermined music. Technavio’s analysts have identified the increase in the penetration of motion sensors in smart electronics and smart music instruments as one of the major factors driving the growth of the smart musical instruments market.

Strong competition from traditional musical instruments

The availability of full-time music professionals and a substantial increase in the number of music enthusiasts has resulted in high purchase volume of traditional musical instruments. In addition, the increasing cultural significance of music across many countries has further driven the need for traditional musical instruments. This poses a challenge to the smart musical instruments market.

For the detailed list of factors that will drive and challenge the growth of the smart musical instruments market during the 2018-2022, view our report.

Competitive Landscape

The market appears to be concentrated with the presence of a few companies. Factors such as the increasing penetration of motion sensors and growing importance of music in education will provide considerable growth opportunities to smart musical instruments manufactures. Kawai Musical Instruments Mfg, Kurv Music, Phonotonic, Yamaha Corporation, and Zivix are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Smart Musical Instruments Market 2018-2022

Technavio recognizes the following companies as the key players in the global smart musical instruments market: Kawai Musical Instruments Mfg, Kurv Music, Phonotonic, Yamaha Corporation, and Zivix.

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the emergence of voice-controlled personal assistant integrated musical instruments.”

According to the report, one driver influencing this market is the surge in sales through online distribution channel.

Further, the report states that one challenge affecting this market is the high cost of smart musical instruments.

Companies Mentioned

Kawai Musical Instruments Mfg

Kurv Music

Phonotonic

Yamaha Corporation

Zivix

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global – Market size and forecast 2017-2022 ($ mn)
      • Table Global – Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by technology
    • Segmentation by technology
      • Table Technology – Market share 2017-2022 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Connected instruments – Market size and forecast 2017-2022
      • Table Connected instruments – Market size and forecast 2017-2022 ($ mn)
      • Table Connected instruments – Year-over-year growth 2018-2022 (%)
    • Wearables – Market size and forecast 2017-2022
      • Table Wearables – Market size and forecast 2017-2022 ($ mn)
      • Table Wearables – Year-over-year growth 2018-2022 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user – Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Professionals – Market size and forecast 2017- 2022
      • Table Professionals – Market size and forecast 2017-2022 ($ mn)
      • Table Professionals – Year-over-year growth 2018-2022 (%)
    • Hobbyists – Market size and forecast 2017-2022
      • Table Hobbyists – Market size and forecast 2017-2022 ($ mn)
      • Table Hobbyists – Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global – Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 ($ mn)
      • Table Americas – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 ($ mn)
      • Table EMEA – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 ($ mn)
      • Table APAC – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Penetration of artificial intelligence (AI) in musical instruments
    • Importance of music in education
    • Emergence of voice-controlled personal assistant integrated musical instruments
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Kawai Musical Instruments Mfg
      • Table Vendor overview
      • Table Kawai Musical Instruments Mfg – Business segments
      • Table Kawai Musical Instruments Mfg – Organizational developments
      • Table Kawai Musical Instruments Mfg – Key offerings
    • Kurv Music
      • Table Vendor overview
      • Table Kurv Music – Key offerings
    • Phonotonic
      • Table Vendor overview
      • Table Phonotonic – Organizational developments
      • Table Phonotonic – Key offerings
    • Yamaha Corporation
      • Table Vendor overview
      • Table Yamaha Corporation – Business segments
      • Table Yamaha Corporation – Organizational developments
      • Table Yamaha Corporation – Geographic focus
      • Table Yamaha Corporation – Segment focus
      • Table Yamaha Corporation – Key offerings
    • Zivix
      • Table Vendor overview
      • Table Zivix – Product segments
      • Table Zivix – Organizational developments
      • Table Zivix – Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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