“2022 Global Audio Interface Market Size Analysis | Bekryl”
The global audio interface market is expected to register a CAGR of 6.2%, creating a 1.8x higher revenue opportunity by 2030, according to Bekryl market analysts. According to Bekryl, the industry is highly consolidated with major players holding 3/4 of the total market share in 2021.
According to the recently released report by Bekryl, the global audio interface market was valued at USD 286.7 million in 2021 and is expected to register a CAGR of 6.2% during the forecast period. The demand for audio interface is increasing due to increase in digital engagement through various social media platforms as well as live concerts.
Excerpts from the report indicate that North America dominated global revenue in 2021. The region accounted for 36.2% share in 2021. However, the region will lose basis points to Asia Pacific and the MEA region. This means growing product penetration in developing economies. Asia-Pacific with an Attractiveness Index of 3.0 will gain more than 1000 BPS during the forecast period. India and China are the main markets in Asia-Pacific. The decline in the Internet pricing model has led to a significant increase in the number of Internet influencers, which has led to an upmarket audio interface. The region will generate 2.8 times higher revenue opportunities between 2021 and 2030.
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Some key audio interface market trends:
Trend #1: Rackmount Audio Interface to Record Fastest CAGR Between 2021 and 2030
In 2021, the desktop interface dominated the global audio interface market. The desktop audio interface had revenues 8.7 times higher than the rack interface. However, the rack interface is expected to earn higher BPS, registering a CAGR of 8.0% during the forecast period. The majority of demand is expected to come from developing economies in Asia-Pacific.
Trend #2: By 2030, 30.7% of total audio interface product sales will be through the e-commerce channel
From 2022, more than 3/4and worldwide sales of audio interfaces have taken place through offline channels, which largely involve specialty stores as well as gadget stores. End consumers place greater importance on product quality when purchasing. While the offline channel continues to be the preferred mode for the majority of end customers, the e-commerce distribution channel is steadily gaining market share.
Trend #3: A series of acquisitions has been seen in the audio interface market
Major players in the industry are focusing on acquiring audio equipment manufacturers to complement their solution portfolio, increase market share and enhance their presence in various ecosystem verticals. For example, in 2021, Universal Audio announced the asset purchase agreement with Townsend Labs Inc., a US-based microphone manufacturer, to complement its solution portfolio.
To purchase the report or learn more about the industry, visit: https://bekryl.com/industry-trends/audio-interface-market-share-analysis
Some of the major companies covered in the report are:
- Focusrite Audio Engineering Ltd
- Universal Audio
- Steinberg Media Technologies GmbH
- LOUD Audio, Ltd.
- Presonus Audio Electronics, Ltd.
- Zoom Corporation
- Roland Company
- m audio
- Limited audience
- Ik Multimedia Production Srl
- Solid state logic
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