Smart Musical Instruments Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, Japan, China, Germany - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 154 SKU: IRTNTR72314

Smart Musical Instruments Market 2024-2028

The smart musical instruments market size is estimated to grow at 5.25% between 2023 and 2028. The market size is forecast to increase by USD 20,439.65. The growth of the market depends on several factors such as increasing consumer spending on music-related activities, the surge in sales of smart musical instruments through online distribution channels, and increasing adoption of smart musical instruments as they enable faster learning. 

The market covers geography analysis including North America, APAC, Europe, South America, and Middle East and Africa. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022. The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Artiphon Inc., Audiotonix Ltd., CASIO Computer Co. Ltd., CME PTE. LTD., HyVibe, inMusic Brands Inc., Kawai Musical Instruments Mfg. Co. Ltd., Kickstarter PBC, Kurv Music Ltd., Modern Ancient Instruments Networked AB, Roland Corp., Steinway Inc., Xiaomi Communications Co. Ltd., Yamaha Corp., Zivix LLC, and The ONE Music Group. 

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Smart Musical Instruments Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Smart Musical Instruments Market Drivers

A surge in sales of smart musical instruments through online distribution channels is notably driving the market growth.  In recent times, the global smart musical instruments market has witnessed a surge in the sales of smart musical instruments through online distribution channels. Both the established and private labels are effectively selling their smart musical instruments online. Online shopping through smart devices is gaining traction due to the significant rise in the penetration of internet services, improved economy, upgrading of purchases, financial assistance, and multiple delivery options. However, as the online distribution channel eliminates the need for physical stores, merchandise, sales staff, and inventory, both established and private labels are increasingly leveraging the online distribution channel to enhance their sales.

Similarly, the availability of multiple online payment options, a wide range of merchandise, online tracking of shipments, 24/7 customer support, more massive internet reach, and cheaper costs have contributed to the popularity of online shopping among consumers. Other factors that have made online shopping popular among consumers include the growing population of working women, the rising number of nuclear families, and busy lifestyles. Thus, the surge in sales of smart musical instruments through online distribution channels will boost the growth of the global smart musical instruments market during the forecast period.

Key Smart Musical Instruments Market Trends

Penetration of AI in musical instruments is an emerging trend shaping market growth. Consumers are adopting novel technologies to match their changing lifestyles, needs, and preferences for convenience. The adoption of artificial intelligence (AI) or machine intelligence is growing popular across most electronic instruments, which includes musical instruments. Over the past three to four years, there has been an upsurge in the application of AI in the field of music, especially in music composition, streaming, and music monetization. The concept of monitoring and controlling musical instruments via the internet and through smartphones has captured the attention of consumers in recent times. 

In addition, the remote operability functions in a smart musical instrument allow the musician to use smart devices to play it via wireless technology. By downloading appropriate applications on a smartphone, consumers can access their smart musical instruments remotely through Wi-Fi, Bluetooth, or Internet connectivity. Hence, the rise in the adoption of AI in smart musical instruments is expected to promote the growth of the global smart musical instruments market in focus during the forecast period.

Major Smart Musical Instruments Market Challenges

The high cost of smart musical instruments is a significant challenge hindering market growth.  Unlike traditional or basic musical instruments, the cost of smart musical instruments is way too expensive. Most of the smart musical instruments are innovative, technologically advanced, durable, and of a superior build. And, as these smart musical instruments are of good quality and branded products that can endure long use with minimum regular maintenance, these products are sold at a higher price. Though smart musical instruments are growing popular owing to their wide range of benefits among premium users, the common people are reluctant to purchase smart musical instruments due to their expensive cost associations. Hence, it is expected to hamper the growth of the market over the next five years.

For instance, Yamaha's traditional or basic piano costs around USD 700 to USD 1,100, whereas Yamaha's smart pianos are priced in the USD 2,200 to USD 3,000 range. Therefore, the expensive pricing of smart musical instruments is expected to hamper the growth of the global smart musical instruments market in focus during the forecast period.

Smart Musical Instruments Market Segmentation by Technology, End-user and Geography 

This smart musical instruments market report extensively covers market segmentation by technology (connected instruments and wearables), end-user (professionals and hobbyists), and geography (North America, APAC, Europe, South America, and Middle East and Africa).

Technology Analysis

The connected instruments segment is estimated to witness significant growth during the forecast period. This segment includes musical instruments that can be played while connecting with devices such as smartphones, laptops, and tablets via Bluetooth Wireless Fidelity (Wi-Fi), and the internet. The connected musical instruments enable the users to learn how to play the musical instrument more quickly and easily. 

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The connected instruments segment was the largest and was valued at USD 55,972.30 in 2018. Furthermore, the connected musical instruments cater to the requirements of both professional and amateur end-users by offering innovative and technologically advanced features such as wireless connectivity, light-emitting diode (LED) light assistance, audio recording, multi-task song recording, portability, and more. Although there are only a few connected instruments available in the market, like piano, keyboard, and guitar, the global smart musical instruments market is likely to witness the penetration of more of these products by the end of the forecast period. Hence, the connected instruments segment is estimated to witness robust growth, which will boost the growth of the global smart musical instruments market during the forecast period.

End-user Analysis

Based on the end-user, the segment is classified into professionals and hobbyists. In this professional segment, the smart instruments can enhance live performances by offering features like built-in rhythm tracks, backing tracks, and metronomes. This provides musicians with the tools needed to deliver tight, polished live shows. Professionals can use smart instruments to expand their musical repertoire and experiment with different sounds and styles. These instruments often come with extensive sound libraries and virtual instrument collections, allowing for a diverse range of musical possibilities. Professionals can integrate smart instruments into traditional setups, allowing them to combine acoustic and digital elements to create unique and innovative performances and recordings. The key vendors in the market are investing substantially in terms of research and development to integrate smart features in other professional musical instruments, such as wind musical instruments and percussions, which are expected to be launched during the forecast period. Therefore, all these factors will strengthen the growth of the professional segment and drive the smart musical instruments market during the forecast period.

Regional Analysis

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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America dominates the global smart musical instruments market, as it is heavily influenced by the increasing popularity of music concerts. North America has a significant number of professional musicians, hobbyists, and music enthusiasts who are eager to adopt new technologies. The demand for smart musical instruments is driven by musicians seeking enhanced capabilities and versatility in their instruments. North America is home to many technology and innovation hubs, such as Silicon Valley in California and the Boston-Cambridge area in Massachusetts. These regions drive technological advancements, making it easier for manufacturers to develop and produce smart musical instruments.

In addition to that, the rising demand for live music and performances is leading to an increase in the number of dance clubs and pubs, thereby fueling the demand for disc jockey (DJ) gear. The region hosts several music festivals and live concerts. Furthermore, since North America has the highest per-capita disposable income, smart musical instruments are more affordable in this region than in other regions. Such factors are expected to drive the regional market growth during the forecast period. 

The increasing prevalence of COVID-19 in the region slowed down the growth of the market in 2020. However, in 2021, with successive vaccination drives, lockdown restrictions were removed, which enabled the reopening of offline distribution channels such as supermarkets and hypermarkets in the region. Moreover, North America is known for being a hub for various music genres, and smart instruments enable musicians to experiment and incorporate electronic and digital sounds into their music, catering to evolving music trends. Thus, these factors will promote the growth of the global smart musical instruments market during the forecast period

Major Smart Musical Instruments Market Companies and Competitive Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Artiphon Inc. - The company offers smart musical instruments such as Orba 2, Chorda, and Instrument 1.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Smart Musical Instruments Market Scope

Report Coverage

Details

Page number

154

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.25%

Market growth 2024-2028

USD 20.44 th

Market structure

Fragmented

YoY growth 2023-2024(%)

4.38

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, Canada, Japan, China, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Artiphon Inc., Audiotonix Ltd., CASIO Computer Co. Ltd., CME PTE. LTD., HyVibe, inMusic Brands Inc., Kawai Musical Instruments Mfg. Co. Ltd., Kickstarter PBC, Kurv Music Ltd., Modern Ancient Instruments Networked AB, Roland Corp., Steinway Inc., Xiaomi Communications Co. Ltd., Yamaha Corp., Zivix LLC, and The ONE Music Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Smart Musical Instruments Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global smart musical instruments market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global smart musical instruments market 2018 - 2022 ($ thousand)
    • 4.2 Technology Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Technology Segment 2018 - 2022 ($ thousand)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ thousand)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ thousand)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ thousand)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 30: Chart on Technology - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Technology - Market share 2023-2028 (%)
    • 6.2 Comparison by Technology
      • Exhibit 32: Chart on Comparison by Technology
      • Exhibit 33: Data Table on Comparison by Technology
    • 6.3 Connected instruments - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Connected instruments - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 35: Data Table on Connected instruments - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 36: Chart on Connected instruments - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Connected instruments - Year-over-year growth 2023-2028 (%)
    • 6.4 Wearables - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Wearables - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 39: Data Table on Wearables - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 40: Chart on Wearables - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Wearables - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Technology
      • Exhibit 42: Market opportunity by Technology ($ thousand)
      • Exhibit 43: Data Table on Market opportunity by Technology ($ thousand)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Professionals - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Professionals - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 49: Data Table on Professionals - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 50: Chart on Professionals - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Professionals - Year-over-year growth 2023-2028 (%)
    • 7.4 Hobbyists - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Hobbyists - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 53: Data Table on Hobbyists - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 54: Chart on Hobbyists - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Hobbyists - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 56: Market opportunity by End-user ($ thousand)
      • Exhibit 57: Data Table on Market opportunity by End-user ($ thousand)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 Japan - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Japan - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 88: Data Table on Japan - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 89: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.10 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 Canada - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ thousand)
      • Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ thousand)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ thousand)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Artiphon Inc.
              • Exhibit 111: Artiphon Inc. - Overview
              • Exhibit 112: Artiphon Inc. - Product / Service
              • Exhibit 113: Artiphon Inc. - Key offerings
            • 12.4 Audiotonix Ltd.
              • Exhibit 114: Audiotonix Ltd. - Overview
              • Exhibit 115: Audiotonix Ltd. - Product / Service
              • Exhibit 116: Audiotonix Ltd. - Key news
              • Exhibit 117: Audiotonix Ltd. - Key offerings
            • 12.5 CASIO Computer Co. Ltd.
              • Exhibit 118: CASIO Computer Co. Ltd. - Overview
              • Exhibit 119: CASIO Computer Co. Ltd. - Business segments
              • Exhibit 120: CASIO Computer Co. Ltd. - Key offerings
              • Exhibit 121: CASIO Computer Co. Ltd. - Segment focus
            • 12.6 CME PTE. LTD.
              • Exhibit 122: CME PTE. LTD. - Overview
              • Exhibit 123: CME PTE. LTD. - Product / Service
              • Exhibit 124: CME PTE. LTD. - Key offerings
            • 12.7 HyVibe
              • Exhibit 125: HyVibe - Overview
              • Exhibit 126: HyVibe - Product / Service
              • Exhibit 127: HyVibe - Key offerings
            • 12.8 inMusic Brands Inc.
              • Exhibit 128: inMusic Brands Inc. - Overview
              • Exhibit 129: inMusic Brands Inc. - Product / Service
              • Exhibit 130: inMusic Brands Inc. - Key offerings
            • 12.9 Kawai Musical Instruments Mfg. Co. Ltd.
              • Exhibit 131: Kawai Musical Instruments Mfg. Co. Ltd. - Overview
              • Exhibit 132: Kawai Musical Instruments Mfg. Co. Ltd. - Product / Service
              • Exhibit 133: Kawai Musical Instruments Mfg. Co. Ltd. - Key offerings
            • 12.10 Kickstarter PBC
              • Exhibit 134: Kickstarter PBC - Overview
              • Exhibit 135: Kickstarter PBC - Product / Service
              • Exhibit 136: Kickstarter PBC - Key offerings
            • 12.11 Kurv Music Ltd.
              • Exhibit 137: Kurv Music Ltd. - Overview
              • Exhibit 138: Kurv Music Ltd. - Product / Service
              • Exhibit 139: Kurv Music Ltd. - Key offerings
            • 12.12 Roland Corp.
              • Exhibit 140: Roland Corp. - Overview
              • Exhibit 141: Roland Corp. - Product / Service
              • Exhibit 142: Roland Corp. - Key offerings
            • 12.13 Steinway Inc.
              • Exhibit 143: Steinway Inc. - Overview
              • Exhibit 144: Steinway Inc. - Product / Service
              • Exhibit 145: Steinway Inc. - Key offerings
            • 12.14 The ONE Music Group
              • Exhibit 146: The ONE Music Group - Overview
              • Exhibit 147: The ONE Music Group - Product / Service
              • Exhibit 148: The ONE Music Group - Key offerings
            • 12.15 Xiaomi Communications Co. Ltd.
              • Exhibit 149: Xiaomi Communications Co. Ltd. - Overview
              • Exhibit 150: Xiaomi Communications Co. Ltd. - Business segments
              • Exhibit 151: Xiaomi Communications Co. Ltd. - Key news
              • Exhibit 152: Xiaomi Communications Co. Ltd. - Key offerings
              • Exhibit 153: Xiaomi Communications Co. Ltd. - Segment focus
            • 12.16 Yamaha Corp.
              • Exhibit 154: Yamaha Corp. - Overview
              • Exhibit 155: Yamaha Corp. - Business segments
              • Exhibit 156: Yamaha Corp. - Key offerings
              • Exhibit 157: Yamaha Corp. - Segment focus
            • 12.17 Zivix LLC
              • Exhibit 158: Zivix LLC - Overview
              • Exhibit 159: Zivix LLC - Product / Service
              • Exhibit 160: Zivix LLC - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 161: Inclusions checklist
                • Exhibit 162: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 163: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 164: Research methodology
                • Exhibit 165: Validation techniques employed for market sizing
                • Exhibit 166: Information sources
              • 13.5 List of abbreviations
                • Exhibit 167: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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