New York, US, April 05, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Audio interface Market Research Report: By Component, Type, Application - Forecast Till 2030, the market is anticipated to acquire a valuation of approximately USD 15.4 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 11.30% during the assessment timeframe.
Key Players
Players leading the global audio interface market include
- Universal Audio (US)
- PreSonus Audio (US)
- Roland Corporation (Japan)
- Yamaha Corporation (Japan)
- Zoom Corporation (Japan)
- Solid State Logic (UK)
- Audient (UK)
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An audio interface is a powerful external audio device that can significantly improve sound quality. Being able to hear subtle details is crucial while making recording and mixing decisions. Advanced audio interfaces allow users to hear those minute details with incredible clarity. Besides, engineers often need to handle bigger sessions like recording drums or a live band.
Therefore, manufacturers develop audio interfaces with high optical input and output connections that enable users to scale up rigs quickly & cost-effectively. With constant advances in audio technologies, these interfaces have evolved significantly. Today's advanced audio interfaces offer a series of futuristic monitoring features, such as speaker select, talkback, and polarity invert & mono, assigned to programmable function buttons.
Report Scope:
| Report Metric | Details |
| Revenue forecast in 2030 | USD 15.4 Billion |
| Growth Rate | CAGR of 11.30% from 2022 to 2030 |
| Base Year | 2021 |
| Study Period | 2022-2030 |
| Key Market Opportunities | It is a direct influencer in the growth of audio interfaces as well |
| Key Market Drivers | Growing demand in the musical instrument market |
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The application of these devices is diverse. They can be used for personal as well as commercial purposes. Besides, modern audio interfaces feature two console Mic preamps and deliver 126 dB of dynamic range, giving users the option to boost input capabilities by adding more channels of external mic preamps. The increasing use of digital audio interfaces among vocalists, instrumentalists, and music producers & mastering engineers worldwide to create music, record, and edit audio creates significant opportunities.
Industry Trends
Usages of audio interfaces are growing among musicians and music creators. Audio interfaces enjoy enormous market prominence and traction. The proliferation and growing popularity of audio devices boost the audio interface industry sales. Besides, rising advances in audio technologies boost the audio interface market growth. Increasing competition among the market players in terms of price, functions, quality, and design has led to high investments in R&D.
In addition to growing music recordings, increasing music concerts and live entertainment trends boost audio interface market shares. With the spurring increase in electronic devices, the market is expected to perceive exponential growth in the next few years. The market has been witnessing high growth in recent years, led by the increasing popularity of portable devices.
Growth in distribution channels plays an important role in the growth of the audio interface industry. The device is available in various branded exclusive showrooms, multi-branded stores, supermarkets & retail stores, and online stores. Increasing numbers of users are creating a huge demand for audio interfaces across distribution channels of the market. There is massive growth potential in audio interface hardware systems.
Also, this device can collaborate with a number of wireless devices, musical instruments, computers, and others. The innovations in the audio interface system will improve market conditions in the coming years. The steady increase in the number of web content creators, podcasters, and independent broadcasters creates a vast demand for audio interfaces.
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Advances in processor units, semiconductors, and audio-enhancing accessories like USB microphones, wireless headsets, Bluetooth hi-fi sound systems, and musical instruments create significant market opportunities. Also, innovations in USB audio interfaces, wireless technology, and high-definition sound systems boost the audio interface market revenues.
Audio Interface Market Segments
The global audio interface market is segmented into components, types, end-users, and regions. The component segment is sub-segmented into hardware and software solutions. The product type segment is sub-segmented into universal serial buses, firewire thunderbolts, USB musical instruments, digital interfaces, and others. The end-user segment is sub-segmented into professionals, amateurs, and others. By regions, the audio interface market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis
North America dominates the global audio interface market due to the vast popularity of audio devices and high per capita disposable income in the region. Also, large technological advances and a large number of audio interface manufacturers drive regional market growth. The region produces the largest number of audio interfaces per year.
Audio interface systems use semiconductors and high-quality processors. The expansion of semiconductor manufacturing and innovations in processors has positively impacted the market rise. The US, Mexico, and Canada hold sizable shares of the North American audio interface industry .
The APAC region is the fastest-growing market for audio interfaces globally. The increasing use of audio interfaces in home and professional studios is a key driving force defining the growing market landscape. Japan, China, and India are major markets for audio interfaces in the region. The APAC audio interface market is expected to show tremendous results in the coming years.
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Competitive Analysis
Highly competitive, the audio interface market appears diversified with the presence of many popular brands. Players incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and product/technology launches to gain a larger competitive share. Industry players make substantial investments locally and in emerging countries to expand their production capacity and distribution network.
For instance, on Feb. 15, 2023, Audient (the UK), a leading manufacturer & marketer of audio interfaces, mixing consoles, microphone preamplifiers, monitor controllers, and signal processors introduced its new 10in/14out audio interface, the iD24. iD24 is fully bus-powered via a USB-C connection, and it has dual headphones outputs, four line outputs, and a dedicated low-latency software mixer. The audio manufacturer states that iD24 is designed to make recording better, offering expandability & customizable monitor control.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
