The global in-ear-monitors market size is estimated to be valued at US$ 344.7 Million in 2022, and to grow at a CAGR of 9.0% to a valuation of US$ 749.7 Million by 2032. According to a recent analysis by Future Market Insights, the universal IEM in the product segment will lead the market with a share of approximately 56.5% in 2021.
The number of musical concerts, live recordings, and studio recordings is rapidly expanding, with adolescents all over the world actively promoting and adopting these activities. The internet’s penetration, especially in remote regions, provides an additional benefit. It is anticipated that there will be significant growth in the forecast period since in-ear monitor use is associated with the rise in musical theatre performances.
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Another factor driving the growth of the in-ear-monitors market is the key suppliers heavily relying on distribution channels, such as retail stores and multiple-brand distributors and of headphones, headsets and earphones, in order to better serve clients and achieve a competitive advantage in the in-ear-monitors (IEMs) market.
Due to the growing e-commerce business, particularly in nations like the US, China, Brazil, and India, in-ear monitor producers are also working with a number of e-commerce behemoths, including Amazon, Flipkart, and Alibaba. Thus, the development of marketing platforms and the strengthening of distribution channels are contributing to the value expansion of the global in-ear-monitors (IEMs) market.
Considering the above-mentioned factors there would be significant growth in the in-ear-monitors (IEMs) market globally.
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.
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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).
Key Players
- Shure Incorporated
- Sennheiser electronic GmbH & Co. KG
- Future Sonics Inc.
- Peavey Electronics
- ULTIMATE EARS.
- Empire Ears
- Others
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 to 2021 and projections for 2022 to 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.
The research study is based on the product – (custom IEM (2 -driver earphones, 3 -driver earphones, 4 -driver earphones, 6 -driver earphones, 8/9 -driver earphones, 12 -driver earphones, and 18 -driver earphones), and universal IEM (2 -driver earphones, 3 -driver earphones, 4 -driver earphones, 6 -driver earphones, 8/9 -driver earphones, 12 -driver earphones, and 18 -driver earphones), by application (live events and performances, and studio recording and broadcasting), by distribution channel (supermarkets/hypermarkets, multi-brand stores, exclusive stores, and e-commerce/online sales) across seven key regions of the world.
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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
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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