Electronic & Electromechanical Musical Instruments - Southern Asia
Southern Asia- In 2024, the revenue in the Southern Asian Electronic & Electromechanical Musical Instruments market is projected to reach a total of US$1.6bn.
- According to the forecast, this market segment is expected to grow annually by 7.10% (CAGR 2024-2029).
- When compared globally, it is worth noting that China generates the highest revenue in this market, with a projected amount of US$2.3bn in 2024.
- Additionally, in terms of per person revenues, it is estimated that each individual in Southern Asia will contribute US$0.84 to the overall revenue in 2024.
- In Southern Asia, the demand for electronic and electromechanical musical instruments is surging, driven by the region's rich musical heritage and growing interest in modern music production.
Definition:
Electronic and electromechanical musical instruments are a type of musical instrument that produce sound through electronic or electromechanical means, rather than through vibration of a physical object. Examples of electronic instruments include synthesizers, drum machines, and samplers, while electromechanical instruments include electric pianos, organs, and guitars. These instruments are used in a variety of musical genres, including electronic, pop, and rock music. The market for electronic and electromechanical musical instruments is driven by factors such as the increasing popularity of home music production, growing interest in electronic music, and advancements in technology.
Additional Information:
The market comprises revenue and average revenue per capita. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Roland, Yamaha, Korg, and Casio. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.
In-Scope
- Music production devices, such as synthesizers, drum machines, sequencers, samplers, MIDI controllers and effects
- Digital pianos and electronic keyboards, such as stage pianos, home digital pianos, arranger keyboards, workstation keyboards
- Electronic drums, such as drum trigger pads and electronic drum kits
- Electronic wind instruments, such as Roland Aerophone
Out-Of-Scope
- Music production software and apps, such as Ableton Live, GarageBand and Serato DJ
- Accessories of musical instruments, such as cables, connectors, power adapters and batteries
- String instruments, such as electric guitars
