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AI technologies are increasingly being integrated into sound reinforcement systems to enhance performance and functionality. AI algorithms can analyze audio signals in real-time, allowing for automatic adjustments in sound levels, equalization, and feedback suppression. This trend enables more efficient and adaptive audio processing, resulting in improved sound quality and coverage. Further, professional audio equipment can be used in various ways in retail stores. Retailers can use professional audio equipment to play the music that sets the mood and creates a pleasant shopping experience for customers. The audio systems can be used to make announcements to shoppers, such as upcoming promotions or store closing announcements. They can also be used for live musical performances, author readings, or other special events, creating a richer and more immersive experience for shoppers. The increasing demand for professional audio products in the retail sector is driving the market players to innovate new products by way of investing in R&D and partnerships. For instance, in June 2022, Black Box announced that it would provide full design and integration capability for complete Bose Professional solutions, the division of Bose Corporation dedicated to pro audio ingenuity. The partnership would focus on addressing the requirements of higher education and retail markets across the Americas.
Networked audio solutions are becoming increasingly popular, allowing for the centralized control and distribution of audio signals over Ethernet networks. This trend enables seamless integration of various audio devices, such as microphones, speakers, and amplifiers, into a single networked system. Networked audio solutions offer flexibility, scalability, and ease of installation, making them ideal for large-scale venues, multi-room installations, and complex audio setups. Additionally, networked audio systems often support remote monitoring and control, enhancing operational efficiency and accessibility for audio professionals.
D&B Audiotechnik GmbH, Harman International Industries, Inc., JBL Professional (a division of Harman International Industries), Sennheiser electronic GmbH & Co. KG, Yamaha Corporation, and Electro-Voice (a brand of Bosch), are some of the major sound reinforcement companies worldwide.
Asia Pacific industry held over 38% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rapid urbanization and infrastructure development across countries in the region.
Sound reinforcement industry from the speakers segment is expected to register over 4.8% CAGR from 2024-2032 due to increasing demand across various sectors such as entertainment, corporate events, education, and hospitality.
Market size for sound reinforcement was USD 8.5 billion in 2023 and is expected to register over 3.5% CAGR from 2024-2032 owing to technological advancements, increasing demand for live events and concerts, and growing adoption of sound reinforcement systems worldwide.