What is Smart Musical Instruments Market Scope?
Smart musical instruments are Internet of Musical Things devices for music creation. These devices generally consist of sensors, actuators, embedded intelligence, and wireless connectivity to local networks and to the Internet. They have the capability of connecting through different smart devices such as smartphones, tablets, and laptops.
The Smart Musical Instruments market study is being classified by Type (Key Instruments, String Instruments, Percussion Instruments, Air Blown Instruments and Others), by Application (Professional Performance, Learning and Training and Individual) and major geographies with country level break-up.
Roland Corporation (Japan), Yamaha Corporation (Japan), Arterfacts (United Kingdom), Casio Computer Co., Ltd. (Japan), Kawai Musical Instruments Mfg (Japan), Modern Ancient Instruments Networked AB (Sweden), Zivix LLC (United States), Kickstarter (Hong Kong), Pearl Musical Instrument Co. (United Kingdom) and CME (Singapore) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Artiphon (United States), Gibson Brands, Inc. (United States), inMusic, Inc. ( United States), Steinway Musical Instruments, Inc. (United States), Audiotonix Limited (United Kingdom) and Pats Music Store (Australia).
Analyst at AMA have segmented the market study of Global Smart Musical Instruments market by Type, Application and Region.
On the basis of geography, the market of Smart Musical Instruments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On October 23, 2018, Liverpool startup Arterfacts, pioneered in a smart musical instrument provides an innovative way to learn, play and compose music, with support from the Activate program, using Internet of Things (IoT) technology, It allows users to play keyboard, string, percussion, and wind instruments through attached touch-screen, mouthpiece, and by changing its position.
Influencing Market Trend
- Increasing Penetration of Motion Sensors
- Rising Adoption of Music as a Carrier and Hobby in Adolescents
- Rising Number of Live Music Concerts, and Music Reality Shows
- Changing Consumer Behaviour towards Music and Increasing Disposable Income
- Growing Number of Cultural and International Musical Concerts
- High Cost of the Smart Musical Instruments and Longer Replacement Cycles
- Lack of interest among the customers for purchasing the instruments
Key Target AudienceSmart Musical Instruments Manufacturers, Components and Parts Suppliers, Distributors/Exporters/Importers, End-Use Industry and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Smart Musical Instruments market expands?
The Global Smart Musical Instruments market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Smart Musical Instruments market?
The prominent players of Global Smart Musical Instruments market are Roland Corporation (Japan), Yamaha Corporation (Japan), Arterfacts (United Kingdom), Casio Computer Co., Ltd. (Japan), Kawai Musical Instruments Mfg (Japan), Modern Ancient Instruments Networked AB (Sweden), Zivix LLC (United States), Kickstarter (Hong Kong), Pearl Musical Instrument Co. (United Kingdom) and CME (Singapore), to name a few.
3. What are the top priorities to focus for Smart Musical Instruments marketís growth?
In this highly competitive & fast evolving Smart Musical Instruments industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.