Professional Audio

The professional power amplifiers market continues to expand, as demand accelerates across commercial and leisure venues. A new report from Futuresource Consulting reveals the global market was worth $776 million in 2024, up from $724 million the previous year.

Despite recent slowdowns after the pandemic-induced boom, content creator populations are stabilising and growing in 2024, according to Futuresource Consulting’s new Content Creator Survey and Sizing report. This has been prompted by new users continuing to be inspired and driven to join the space, particularly as the accessibility of content creation tools and platforms only increases.

The professional loudspeaker market continues to display steady global expansion, growing from $2.78 billion in 2022, to achieve $3.05 billion last year. And while a new report from Futuresource Consulting predicts continued volume and value growth, the market is experiencing a divergence of fortune at the sector level. 

The professional microphone market continues to achieve slow but steady post-pandemic growth, with a new report from Futuresource Consulting forecasting a CAGR of 5.9% over the next five years. That’s despite a general feeling of caution and nervousness among buyers, resulting from current economic and geopolitical issues.

Professional power amplifiers continue to gain momentum after a pandemic-induced poor performance in 2020. The market achieved a global value of $668 million in 2022, according to Futuresource Consulting’s latest industry report, and is on track to exceed pre-pandemic levels this year, with a projected market value of $753 million.

The consumer loudspeaker market continues to climb, achieving 7.6% year-on-year value growth last year, despite being held back by adverse economic conditions.