The inclination towards the music and entertainment industry and the increase in technological innovation are the major drivers of the market.
Market size – USD 172.1 million in 2020, market growth – CAGR of 5.9% between 2019 and 2026, market trends – Innovations and investment in R&D
the audio interface market is expected to grow from USD 172.1 million in 2020 to USD 271.1 million by 2026, at a CAGR of 5.9%. The advantages of an audio interface that provides an advantage over other contemporary interfaces are that it allows maximum processing versatility, improved audio engine, high quality modules, full streaming, zoomable graphical user interface and others, which is driving the growth of the market considerably.
The growing need for interface connectors is driving the growth of the audio interface market through the use of a cost-effective universal serial bus that offers the slowest data transfer rate for home studio interfaces.
Rising demand for devices with improved efficiency and performance coupled with increasing technological advancements will certainly drive the growth of the audio interface market.
High upfront costs, on the other hand, are one of the major factors that may cause problems for the growth of the market.
The major market players are Zoom Corporation (Japan), Steinberg Media Technologies GmbH (Yamaha), Focusrite plc (UK), PreSonus Audio Electronics, Inc. (USA), Universal Audio (USA), Behringer ( MUSIC Group IP Ltd (Philippines), Panasonic Japan), Shanghai Electric (China).
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Other key findings from the report suggest
- The Audio Interface Market is expected to grow from USD 172.1 Million in 2020 to USD 271.1 Million by 2026, growing at a CAGR of 5.9%. The advantages of an audio interface that provides an advantage over other contemporary interfaces are that it allows maximum processing versatility, improved audio engine, high quality modules, full streaming, zoomable graphical user interface and others, which is driving the growth of the market considerably.
- Based on the application, the professional market is expected to have the largest market share with revenue of USD 156.76 million in 2026. Factors such as time invested, technical know-how, musical know-how , purchase frequency, purchase consideration, financial commitment are very high compared to amateurs. However, the amateur market is expected to grow at the highest CAGR owing to the increasing thirst for knowledge and inclination towards music.
- Based on type, the USB market is expected to grow at the highest CAGR of 7.8% by 2016, followed by Thunderbolt. The advantage of USB is that its ports can provide more current for bus-powered devices: 900 mA instead of 500 mA. It allows manufacturers to develop better bus-powered interfaces with more or more of the same installations
- On the basis of components, the hardware market is expected to hold the largest market share over the forecast period owing to the increasing inclination of music enthusiasts and professionals towards the segment.
- North America market will account for the largest market share with revenue of $85 million by 2026, followed by EMEA and APAC. The North American market is experiencing a huge demand for an audio interface driven by its efficiency, such as the best balance of sound quality, dynamic range, conversion latency and others.
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Segments covered in the report:
This report forecasts volume and revenue growth at the global, regional and country levels, and provides an analysis of industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, reports and data have segmented the market. on the basis of application, type, component and regional analysis.
Application (Revenue, USD Million; 2020-2028)
Type (Revenue, USD Million; 2020-2028)
- universal serial bus
- Musical instrument digital interface
Component (Revenue, USD Million; 2020-2028)
Region (Revenue, USD Million; 2020-2028)
- North America
- Latin America
- Middle East and Africa
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Key Benefits of Audio Interface Report:
- Identification and analysis of market size and competition
- Qualitative and quantitative analysis of market data
- Data validated by industry experts after extensive primary and secondary research
- In-depth regional analysis of the Audio Interface industry
- Profiling of key players with their company overview, business strategies, agreements and partnerships, and product portfolio
- SWOT and Porter’s Five Forces analysis for an in-depth understanding of the competitive landscape
- Feasibility analysis and investment analysis to enable strategic investment decisions
- Analysis of opportunities, drivers, constraints, challenges, risks and limitations
In conclusion, all aspects of the Audio Interface Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market based on market drivers, limitations and its future prospects.
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