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Electronic Musical Instruments Market size is set to grow by USD 475.8 million from 2024-2028, Growing demand for music-related leisure activities boost the market, Technavio

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NEW YORK, June 10, 2024 /PRNewswire/ — The global electronic musical instruments market size is estimated to grow by USD 475.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  2.66%  during the forecast period. Growing demand for music-related leisure activities is driving market growth, with a trend towards continuous development of new musical instruments. However, increasing adoption of virtual musical instruments and music production software  poses a challenge. Key market players include Anderson Guitarworks, Armadillo Enterprises Inc., C. F. Martin and Co. Inc., CASIO Computer Co. Ltd., Fender Musical Instruments Corp., Focusrite Plc, Gibson Brands Inc., inMusic Brands Inc., Kawai Musical Instruments Mfg. Co. Ltd., KORG Inc., Marshall Morrison Instruments Pty. Ltd., Music Tribe Global Brands Ltd., NS Design, Peavey Electronics Corp., Rickenbacker International Corp., Robert Bosch GmbH, Roland Corp., Shure Inc., Speck Electronics, and Yamaha Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Electronic Musical Instruments Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 2.66%

Market growth 2024-2028

USD 475.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.5

Regional analysis

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

Performing market contribution

North America at 34%

Key countries

US, China, Germany, France, and India

Key companies profiled

Anderson Guitarworks, Armadillo Enterprises Inc., C. F. Martin and Co. Inc., CASIO Computer Co. Ltd., Fender Musical Instruments Corp., Focusrite Plc, Gibson Brands Inc., inMusic Brands Inc., Kawai Musical Instruments Mfg. Co. Ltd., KORG Inc., Marshall Morrison Instruments Pty. Ltd., Music Tribe Global Brands Ltd., NS Design, Peavey Electronics Corp., Rickenbacker International Corp., Robert Bosch GmbH, Roland Corp., Shure Inc., Speck Electronics, and Yamaha Corp.

Market Driver

The electronic musical instruments market experiences growth due to the demand for advanced and innovative tools. Digital technology enhances sound realism and expression. Portable and affordable instruments broaden access to music learning. Integration with technology like computers and smartphones expands functionality. The rise of electronic music genres further fuels market expansion. 

The Musical Instruments market includes various electronic musical instruments such as drums, microphones, keyboards, and synthesizers. These instruments are in high demand due to their versatility and ability to produce unique sounds. The trend towards digital music production has led to an increase in the use of MIDI controllers and digital audio workstations.

Additionally, the integration of artificial intelligence and machine learning in musical instruments is a growing trend. Companies are developing intelligent instruments that can learn and adapt to a musician’s playing style. The market for electronic musical instruments is expected to grow significantly in the coming years due to these trends and advancements in technology. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The electronic musical instruments market is experiencing significant challenges due to the increasing adoption of virtual musical instruments and music production software. Developed economies are leading this trend, with music production software enabling better mobility and fewer hassles for composers.Popular laptop brands like Apple Inc. offer music creation tools, expanding their audience base. Mobile devices and high-speed Internet connectivity further fuel this shift, driving demand for virtual instruments through apps and websites. The sales growth of laptops and mobiles, coupled with Internet accessibility, significantly impact the electronic musical instruments market.The Electronic Musical Instruments market faces several challenges. Musical instruments such as digital pianos, synthesizers, drum machines, and controllers require advanced technology and components. These include microprocessors, memory, and sensors. The cost of these components can impact the price of the final product. Moreover, the market is highly competitive with numerous players offering similar products. Differentiating offerings and maintaining a competitive edge is essential. Classes, compressors, and effects processors are common features that can set products apart.Another challenge is keeping up with consumer trends. Musicians and producers are always looking for the latest technology and features. Staying innovative and offering unique solutions is crucial for market success. Additionally, ensuring quality and reliability is important. Electronic musical instruments must perform consistently and accurately. Ensuring durability and longevity is also a concern. Lastly, logistics and distribution can pose challenges. Ensuring timely delivery and efficient supply chain management is essential for meeting customer demands and maintaining a strong market presence.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Distribution Channel1.1 Offline1.2 OnlineEnd-user 2.1 Electric pianos and keyboards2.2 String instruments2.3 Drums and percussion instruments2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline-  The offline segment of the global electronic musical instruments market encompasses distribution channels where instruments are sold in physical retail locations. This segment is crucial, allowing customers to test and purchase instruments in person. Key distribution channels include musical instrument stores, specializing in a wide range of electronic options, and department stores and specialty retailers, offering a selection of electronic instruments alongside other consumer goods. Direct sales from manufacturers provide a unique brand experience and personalized guidance. The preference for tactile interaction and informed purchasing continues to fuel the growth of the offline segment.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The electronic musical instruments market encompasses a wide range of innovative tools for music creation and production. Virtual musical instruments, music production software, and music synthesizers are at the forefront of this sector, enabling musicians and artists to generate unique musical sounds and compositions. The music publishing market and live performance scenes also benefit significantly from these advanced technologies.

The equipment market, including studio headphones, DJ gear, and electronic musical instruments from brands like Shure, Kawai Musical, Numark Industries, Roland, Pioneer DJ, Denon DJ, Sennheiser Electronic, Gibson Brands, and others, cater to the diverse needs of musicians and artists. Additionally, the integration of AI in musical instruments is revolutionizing the industry, offering new possibilities for musical expression. Electronic pianos and music synthesizers are essential components of this market, contributing to the electronic musical landscape with their electronic musical sounds and capabilities.

Market Research Overview

The Electronic Musical Instruments market encompasses a wide range of innovative devices used to create, perform, and record music. These instruments, such as synthesizers, drum machines, MIDI controllers, and digital audio workstations, leverage advanced technology to produce unique and diverse sounds. The market is driven by various factors, including the growing popularity of electronic music genres, increasing demand for portable and affordable instruments, and continuous technological advancements.

Additionally, the integration of these instruments with other digital platforms and the rise of music streaming services further expand their application and accessibility. Overall, the Electronic Musical Instruments market presents significant growth opportunities for manufacturers and consumers alike.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineEnd-userElectric Pianos And KeyboardsString InstrumentsDrums And Percussion InstrumentsOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Thinkpal learning tablet from Think Academy wins TechRadar Pro Picks and Trusted Reviews Best in Show awards at CES 2025

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LAS VEGAS, Jan. 11, 2025 /PRNewswire/ — Think Academy debuted its Thinkpal tablet at CES 2025 and has won a TechRadar Pro Picks and Trusted Reviews Best in Show awards for this innovative new product.

Both awards are given to innovative products and solutions at CES that stand out from a packed crowd. Think Academy President, Alex Peng, was presented the awards at CES, noting the awards were given to Thinkpal because it is both a wholly unique product in the education technology market and also provides such value to parents and educators.

Designed to transform the way kids learn, explore, and thrive in an ever-evolving world, the Thinkpal is powered by cutting-edge AI that serves as a guide and tutor for young learners. With significant learning loss experienced in recent years, families and educators have faced unprecedented challenges as test scores in reading and math have seen steady declines. Parents have expressed their struggles in reigniting their children’s passion for learning, while educators grapple with the complexities of bridging diverse learning gaps.

To meet these challenges, the Thinkpal tablet offers a tailored, AI-powered solution that provides step-by-step writing guidance and real-time math support, making learning more intuitive and enjoyable.

Alex Peng introduced several key features of the Thinkpal during a press event. He showed the audience how Thinkpal’s “GeniusTutor,” an AI-powered system that transforms learning into an interactive and engaging experience, is the heart of this product’s features. Built on the Microsoft Azure OpenAI GPT-4o model, GeniusTutor provides real-time guidance and feedback, empowering students to:

Conquer complex math problems through logic-driven, step-by-step explanationsMaster writing with interactive prompts and instant feedback that build confidence and creativityEnhance vocabulary and reading skills with innovative tools like “Point-and-Discover,” where children can point to words in a physical book, and the tablet’s camera instantly provides explanations, along with guided reading exercises

Adding a touch of fun and companionship, “Thinkie,” an advanced AI-powered learning companion, engages children through voice-based natural language interactions. Thinkie chats, answers questions, and fosters curiosity, making the learning process enjoyable and dynamic.

With an extensive library of ebooks, gamified coursework, and compatibility with popular applications like Google Classroom, the Thinkpal Tablet is a versatile tool for modern families. The 11-inch TÜV Rheinland-certified eye-care screen also safeguards children’s vision during extended use, while the optional keyboard transforms the tablet into a Chromebook-like device, enhancing productivity and usability.

“Our mission is to provide every child with a personalized, world-class tutor that inspires confidence and a lifelong love for learning”, noted Alex Peng during a media interview Q&A. “We’re honored that TechRadar and Trusted Reviews recognize the potential of the Thinkpal to improve learning through advanced and accessible technology.”

The Thinkpal Tablet will be available for $249 ($339 including keyboard) at shop.thethinkacademy.com. Pre-orders open today.

About Think Academy

Think Academy, a subsidiary of TAL Education Group (NYSE: TAL), has been at the forefront of education innovation for over two decades. Serving more than 5 million K-12 students across 10+ countries, Think Academy is dedicated to creating fair and comprehensive educational opportunities. By integrating advanced technology with expert curriculum design, Think Academy is shaping the future of learning to be more accessible, engaging, and impactful.

For media inquiries, contact:
Cecilia Qian
cecilia@impact5r.com

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SOURCE Think Academy

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MLVision M5 Unveiled at CES 2025: Pioneering Innovation in Wearable Technology with the World’s Lightest AI-Powered AR Glasses

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LAS VEGAS, Jan. 11, 2025 /PRNewswire/ — At CES 2025, MLVision has officially launched its groundbreaking MLVision M5, setting a new global standard for wearable technology. Weighing a mere 25.8 grams, the MLVision M5 is the world’s lightest AI-powered AR glasses. The device combines cutting-edge artificial intelligence, precision engineering, and a commitment to privacy and accessibility.

“MLVision M5 is more than just a wearable device; it represents a significant breakthrough in both weight and product design,” said CEO Zhaoen Dai. “Our goal is to create smart AR glasses that feel effortless to wear, leveraging cutting-edge AR display technology and advanced AI models to genuinely help users work and live more efficiently and conveniently.”

Crafted with aviation-grade titanium and ultra-lightweight floating plastic, this device achieves an unprecedented balance between durability and comfort. Weighing only 25.8g, 40% less than traditional AR glasses, it ensures an effortless, all-day wearing experience that feels almost weightless. The ergonomic design caters to users’ needs, making it a perfect companion for both work and leisure.

This device introduces an industry-first modular design, setting a new benchmark for adaptability in AR glasses. This innovation allows users to seamlessly transition between an all-in-one configuration and a clip-on style, accommodating diverse preferences and use cases. For nearsighted users, the M5 eliminates the need for custom prescription lenses—a common limitation in traditional AR glasses. Instead, it can be conveniently clipped onto existing prescription glasses, offering unmatched practicality and cost savings. This thoughtful modularity not only enhances accessibility but also positions the MLVision M5 as a versatile solution for a broad spectrum of users.

One of MLVision M5’s standout features is its immersive visual projection system, which offers an 86-inch private virtual screen. Powered by MLVision’s proprietary Hummingbird Micro-LED light engine and advanced nano-scale diffraction waveguide technology, the glasses create a secure and private viewing experience, ideal for reading confidential documents or browsing personal files. To prioritize eye health, the device utilizes soft green light with a projection distance of 4 meters, reducing strain during extended use.

The MLVision M5 is also equipped with the AIOS platform, delivering unparalleled AI-driven capabilities to enhance user productivity and accessibility. With intelligent tools like document summarization, real-time translation in seven languages, and interactive AI chat for setting reminders and brainstorming ideas, the device seamlessly integrates into the modern workflow. Additionally, its innovative Care Mode provides real-time audio transcription, enabling a more inclusive experience for users with hearing impairments.

The MLVision M5 excels as a navigation powerhouse, offering intuitive, real-time directions to guide users seamlessly through various environments. Whether exploring a new city, finding the fastest route to your destination, or navigating while riding a bike, the M5 ensures you always stay on the right path with ease and confidence.

The MLVision M5 will launch in China at the end of January 2025. Pricing and pre-order details will be announced in the coming weeks.

MLVision, a global innovator in wearable technology, continues to push the boundaries of what is possible by merging innovation, style, and functionality. With the launch of MLVision M5, the company reinforces its commitment to accessibility, sustainability, and creating cutting-edge solutions that redefine how technology is integrated into everyday life.

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SOURCE MLVision

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Brandivio Launches Advanced Retail Allocation Platform for Inventory Excellence

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Brandivio’s inventory optimization solutions empower footwear and apparel brands and retailers to buy smarter, allocate & replenish faster, and meet demand with precision.

NEW YORK, Jan. 11, 2025 /PRNewswire-PRWeb/ — Brandivio, a new generation inventory excellence platform for apparel and footwear retailers, announces its expansion into North America, in conjunction with the National Retail Federation’s (NRF) Big Show in New York City.

The Brandivio platform addresses the unique needs of the retail allocation market, ensuring apparel and footwear retailers have innovative tools to grow and thrive,” said Keith Whaley, SVP of Retail Solutions at Brandivio.

Brandivio, already supporting top-tier brands in EMEA, is built by seasoned retail experts to solve critical inventory challenges in fashion and footwear.

Leveraging machine learning, real-time demand signals, and automation, the Brandivio platform optimizes the distribution of products across a retailer’s stores and e-commerce channels ensuring the right products are in the right places at the right times, ultimately improving sales and margin performance, customer satisfaction, and inventory efficiency.

Key Features of Brandivio –

Advanced Demand Sensing: Predict future demand for short lifecycle products using machine learning native algorithms incorporating hyper-local external datasets to map powerful demand drivers.Dynamic Inventory Allocation: Adjust inventory in real time at the SKU/location level based on in-season trends to reduce stockouts and overstock situations.Real-Time Analytics: Drive test and learn strategies, optimize assortment in-season and connect functional teams across the organization with actionable insights for rapid response to market trends.Automation: Reduce up to 80% of existing manual planning efforts and redirect planner focus towards even greater efficiencies.Ease of Use: Intuitive workflows ensure rapid adoption without extensive training.

“Retailers can no longer rely on outdated tools or seasonal strategies,” said James Townsend, CEO of Brandivio.

“Brandivio democratizes retail data science, enabling brands to level the playing field, compete effectively, and maximize profits in today’s fast-paced market.”

This launch underscores Brandivio’s mission to support U.S. retailers facing tighter margins and increasing competition. “Our platform addresses the unique needs of this market, ensuring retailers have the tools to grow and thrive,” added Keith Whaley, SVP of Retail Solutions.

Contact us for a demo at info@brandivio.com or visit Brandivio.com for more.

Media Contact

Keith Whaley, Brandivio, Inc., 1 9494453183, keith.whaley@brandivio.com, https://brandivio.com

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SOURCE Brandivio, Inc.

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