Global Smart Musical Instruments Market 2018-2022

About this market

The growing importance of music in education is identified as one of the key trends that will gain traction in the market. Learning how to play musical instruments has many benefits. Some of the benefits include language development, brain efficiency, intelligent quotient, enhancement of special-temporal skills, improved concentration, and others. Technavio's analysts have predicted that the global smart musical instruments market will register a CAGR of over 4% by 2022.

Market Overview

Increasing penetration of motion sensors

The popularity of wearable smart musical instruments is rising among consumers as it produces music by monitoring the physical movements or gestures. Motion sensors are sued to detect the body movement and produce predetermined music. Technavio's analysts have identified the increase in the penetration of motion sensors in smart electronics and smart music instruments as one of the major factors driving the growth of the smart musical instruments market.

Strong competition from traditional musical instruments

The availability of full-time music professionals and a substantial increase in the number of music enthusiasts has resulted in high purchase volume of traditional musical instruments. In addition, the increasing cultural significance of music across many countries has further driven the need for traditional musical instruments. This poses a challenge to the smart musical instruments market.

For the detailed list of factors that will drive and challenge the growth of the smart musical instruments market during the 2018-2022, view our report.

Competitive Landscape

The market appears to be concentrated with the presence of a few companies. Factors such as the increasing penetration of motion sensors and growing importance of music in education will provide considerable growth opportunities to smart musical instruments manufactures. Kawai Musical Instruments Mfg, Kurv Music, Phonotonic, Yamaha Corporation, and Zivix are some of the major companies covered in this report.

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: MARKET SIZING

• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 07: MARKET SEGMENTATION BY TECHNOLOGY

• Segmentation by technology
• Comparison by technology
• Connected instruments - Market size and forecast 2017-2022
• Wearables - Market size and forecast 2017-2022
• Market opportunity by technology

PART 08: CUSTOMER LANDSCAPE

PART 09: MARKET SEGMENTATION BY END-USER

• Segmentation by end-user
• Comparison by end-user
• Professionals - Market size and forecast 2017-2022
• Hobbyists - Market size and forecast 2017-2022
• Market opportunity by end-user

PART 10: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• Americas - Market size and forecast 2017-2022
• APAC - Market size and forecast 2017-2022
• EMEA - Market size and forecast 2017-2022
• Key leading countries
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

• Penetration of artificial intelligence (AI) in musical instruments
• Importance of music in education
• Emergence of voice-controlled personal assistant integrated musical instruments

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Kawai Musical Instruments Mfg
• Kurv Music
• Phonotonic
• Yamaha Corporation
• Zivix
• List of abbreviations

List of Exhibits

• Exhibit 01: Related market
• Exhibit 02: Market characteristics
• Exhibit 03: Market segments
• Exhibit 04: Market definition - Inclusions and exclusions checklist
• Exhibit 05: Market size 2017
• Exhibit 06: Validation techniques employed for market sizing 2017
• Exhibit 07: Global - Market size and forecast 2017-2022 ($ mn)
• Exhibit 08: Global - Year-over-year growth 2018-2022 (%)
• Exhibit 09: Five forces analysis 2017
• Exhibit 10: Five forces analysis 2022
• Exhibit 11: Bargaining power of buyers
• Exhibit 12: Bargaining power of suppliers
• Exhibit 13: Threat of new entrants
• Exhibit 14: Threat of substitutes
• Exhibit 15: Threat of rivalry
• Exhibit 16: Market condition - Five forces 2017
• Exhibit 17: Technology - Market share 2017-2022 (%)
• Exhibit 18: Comparison by technology
• Exhibit 19: Connected instruments - Market size and forecast 2017-2022 ($ mn)
• Exhibit 20: Connected instruments - Year-over-year growth 2018-2022 (%)
• Exhibit 21: Wearables - Market size and forecast 2017-2022 ($ mn)
• Exhibit 22: Wearables - Year-over-year growth 2018-2022 (%)
• Exhibit 23: Market opportunity by technology
• Exhibit 24: End-user - Market share 2017-2022 (%)
• Exhibit 25: Comparison by end-user
• Exhibit 26: Professionals - Market size and forecast 2017-2022 ($ mn)
• Exhibit 27: Professionals - Year-over-year growth 2018-2022 (%)
• Exhibit 28: Hobbyists - Market size and forecast 2017-2022 ($ mn)
• Exhibit 29: Hobbyists - Year-over-year growth 2018-2022 (%)
• Exhibit 30: Market opportunity by end-user
• Exhibit 31: Global - Market share by geography 2017-2022 (%)
• Exhibit 32: Regional comparison
• Exhibit 33: Americas - Market size and forecast 2017-2022 ($ mn)
• Exhibit 34: Americas - Year-over-year growth 2018-2022 (%)
• Exhibit 35: Top 3 countries in Americas
• Exhibit 36: APAC - Market size and forecast 2017-2022 ($ mn)
• Exhibit 37: APAC - Year-over-year growth 2018-2022 (%)
• Exhibit 38: Top 3 countries in APAC
• Exhibit 39: EMEA - Market size and forecast 2017-2022 ($ mn)
• Exhibit 40: EMEA - Year-over-year growth 2018-2022 (%)
• Exhibit 41: Top 3 countries in EMEA
• Exhibit 42: Key leading countries
• Exhibit 43: Market opportunity
• Exhibit 44: Vendor landscape
• Exhibit 45: Landscape disruption
• Exhibit 46: Vendors covered
• Exhibit 47: Vendor classification
• Exhibit 48: Market positioning of vendors
• Exhibit 49: Vendor overview
• Exhibit 50: Kawai Musical Instruments Mfg - Business segments
• Exhibit 51: Kawai Musical Instruments Mfg - Organizational developments
• Exhibit 52: Kawai Musical Instruments Mfg - Key offerings
• Exhibit 53: Vendor overview
• Exhibit 54: Kurv Music - Organizational developments
• Exhibit 55: Kurv Music - Key offerings
• Exhibit 56: Vendor overview
• Exhibit 57: Phonotonic - Organizational developments
• Exhibit 58: Phonotonic - Key offerings
• Exhibit 59: Vendor overview
• Exhibit 60: Yamaha Corporation - Business segments
• Exhibit 61: Yamaha Corporation - Organizational developments
• Exhibit 62: Yamaha Corporation - Geographic focus
• Exhibit 63: Yamaha Corporation - Segment focus
• Exhibit 64: Yamaha Corporation - Key offerings
• Exhibit 65: Vendor overview
• Exhibit 66: Zivix - Business segments
• Exhibit 67: Zivix - Organizational developments
• Exhibit 68: Zivix - Key offerings