The global in-ear monitors (IEMs) market is on the verge of significant expansion, driven by a surge in demand for high-quality audio equipment within the fast-evolving music industry. According to recent industry reports, the market, which was valued at USD 344.7 million in 2022, is projected to grow at a compound annual growth rate (CAGR) of 9.0% over the next decade, reaching an estimated USD 749.7 million by 2032.
Several factors are fueling this impressive growth trajectory. A rising number of musical concerts, live recordings, and studio sessions globally has created an increased demand for advanced in-ear monitors. Musicians, sound engineers, and audiophiles rely on these devices to deliver precise audio experiences during performances and recordings, making them indispensable tools in professional settings.
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In addition, the growing enthusiasm for musical activities among adolescents is contributing significantly to the expansion of the IEMs market. As young individuals across the world immerse themselves in music creation and consumption, the need for superior audio equipment continues to climb.
The global reach of the internet, particularly in remote regions, has also played a pivotal role in the market’s growth. With more people gaining access to online platforms, there has been a noticeable rise in music-related activities, further boosting the demand for in-ear monitors. The internet has democratized access to music education, production tools, and distribution channels, creating a broader consumer base eager for high-quality audio solutions.
This upward trajectory for the IEMs market reflects the dynamic evolution of the music industry and emphasizes the vital role of technological innovation in shaping consumer preferences. As the market continues to expand, industry players are well-positioned to seize growing opportunities in this fast-paced sector.
Key Takeaways from Market Study:
- Universal IEM dominated the market with a 5% market share in the product segment of the in-ear-monitors (IEMs) market in 2021. The universal IEMs are easily available as well as has more number of manufacturers and thus the adoption rate is higher.
- Studio recording and broadcasting accounted for 9% of the market share in 2021. Studio recording and broadcasting is a more common activity compared to live events, which are held occasionally. Thus, the usage of in-ear-monitors is more in studio recording.
- Supermarkets and hypermarket segment dominated the market in 2021 with a share of 7% of the distribution channel category of the in-ear-monitors (IEMs) market. The reach is more through this channel and so the share is higher.
- North America dominates among the seven regions, with a market share of 4%. The increased number of music recordings as well as shows is more in North America compared to other regions and that is why holds a higher share of the market.
“Increasing technological advancements and quality products in the in-ear-monitors (IEMs) market is set to propel the sales of the in-ear-monitors (IEMs) market across the globe,” says an analyst of Future Market Insights.
Discover the Full Insights: Find the Complete In-Ear-Monitors (IEMs) Market Report
Market Competition:
The in-ear-monitors (IEMs) market is quite fragmented because of the increased number of key players in the market. There are a broad range of products that can be categorized under the in-ear-monitors (IEMs) market, therefore it is a huge market. The strategies that are commonly followed by the key players include product launches, partnerships, expansions, collaborations, acquisitions and mergers.
- In November 19, 2021, The AONIC FREE true wireless earphones were launched by Shure Incorporated in collaboration with singer, songwriter, and multi-instrumentalist Jacob Collier.
- In April 2018, Adam Hall Group increased the availability of its products by merging with the Musical Distributors Group (MDG).
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the in-ear-monitors (IEMs) market in its latest study, presenting a historical demand assessment of 2015 – 2021 and projections for 2022 – 2032. The global in-ear-monitors (IEMs) market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
Key Companies Profiled:
- Shure Incorporated
- Sennheiser electronic GmbH & Co. KG
- Future Sonics Inc.
- Peavey Electronics
- ULTIMATE EARS.
- Empire Ears
- Sensaphonics, Galaxy Audio
- Adam Hall Group (LD Systems)
- Audio-Technica, Inc.
- MEE Professional
- JTS PROFESSIONAL CO., LTD
- ANLEON Electronic Co., LTD,
Key Market Segments Covered in In-Ear-Monitors (IEMs) Industry Research:
By Product:
- Custom IEM
- 2 -Driver Earphones
- 3 -Driver Earphones
- 4 -Driver Earphones
- 6 -Driver Earphones
- 8/9 -Driver Earphones
- 12 -Driver Earphones
- 18 -Driver Earphones
- Universal IEM
- 2 -Driver Earphones
- 3 -Driver Earphones
- 4 -Driver Earphones
- 6 -Driver Earphones
- 8/9 -Driver Earphones
- 12 -Driver Earphones
- 18 -Driver Earphones
By Application:
- Live Events and Performances
- Studio Recording and Broadcasting
By Distribution Channel:
- Supermarkets/Hypermarkets
- Multi-brand Stores
- Exclusive Stores
- E-commerce/Online Sales
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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