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.
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Frequently Asked Questions:
- 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.
Music Synthesizers Market 2021-2025: Segmentation
Music Synthesizers Market is segmented as below:
- Distribution Channel
- Retail Stores
- Digital Synthesizers
- Analog Synthesizers
- North America
- South America
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Music Synthesizers Market 2021-2025: Scope
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:
- Market ecosystem
- Value chain analysis
- Market definition
- 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 condition
Market Segmentation by Distribution channel
- Market segments
- 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
- Market segments
- Comparison by Type
- Digital synthesizers – Market size and forecast 2020-2025
- Analog synthesizers – Market size and forecast 2020-2025
- Market opportunity by Type
- Geographic segmentation
- Geographic comparison
- 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 drivers
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- 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.
- Yamaha Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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