NEW YORK, April 20, 2021 /PRNewswire/ -- Technavio has been monitoring the music synthesizers market and it is poised to grow by USD 62.90 million during 2021-2025, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Based on segmentation by Distribution Channel, which is the leading segment in the market? Based on the distribution channel, the market saw maximum growth in the retail stores segment in 2020.
What are the major trends in the market? The emergence of artificial intelligence (AI)-powered music synthesizers is the major trend in the market.
At what rate is the market projected to grow? The market is projected to grow at a CAGR of over 2% during the forecast period.
Who are the top players in the market? Allen & Heath Ltd., Alphabet Inc., Arturia Tous droits réservés, Casio Computer Co. Ltd., Elektron Music Machines Mav AB, Focusrite Plc, KORG Inc., Moog Music Inc., Roland Corp., and Yamaha Corp. are the top players in the market.
What are the key market drivers and challenges? The market is driven by the rising demand for paraphonic synthesizers. However, the increasing demand for substitute products might challenge growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allen & Heath Ltd., Alphabet Inc., Arturia Tous droits réservés, Casio Computer Co. Ltd., Elektron Music Machines Mav AB, Focusrite Plc, KORG Inc., Moog Music Inc., Roland Corp., and Yamaha Corp. are some of the major market participants. Although the rise in demand for paraphonic synthesizers will offer immense growth opportunities, increasing demand for substitute products is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this music synthesizers market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The music synthesizers market report covers the following areas:
Music Synthesizers Market Size
Music Synthesizers Market Trends
Music Synthesizers Market Industry Analysis
This study identifies the emergence of artificial intelligence (AI)-powered music synthesizers as one of the prime reasons driving the Music Synthesizers Market growth during the next few years.
Music Synthesizers Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist music synthesizers market growth during the next five years
Estimation of the music synthesizers market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the music synthesizers market across North America, APAC, Europe, MEA, and South America
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of music synthesizers market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
COVID-19 impact and recovery of the market
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Distribution channel
Comparison by Distribution channel
Retail stores - Market size and forecast 2020-2025
Online - Market size and forecast 2020-2025
Impact of COVID-19 pandemic and recovery by distribution channel segment
Market opportunity by Distribution channel
Market Segmentation by Type
Comparison by Type
Digital synthesizers - Market size and forecast 2020-2025
Analog synthesizers - Market size and forecast 2020-2025
Market opportunity by Type
North America - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
Allen & Heath Ltd.
Arturia Tous droits réservés
Casio Computer Co. Ltd.
Elektron Music Machines Mav AB
Moog Music Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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