May 2019
Volume 36, No. 5
Manufacturers: Nominate the Best Retailers for Music & Sound Awards
THE NEWS MAGAZINE FOR MUSIC PRODUC TS RETAILERS
Click msretailer.com/awards to Cast Your Vote Please Submit Your Nominations by June 3.
By Brian Berk A great way to generate great sound for the masses is via pro-audio speakers. Clearly, consumers agree, with the pro audio speaker market continuing to grow rapidly. According to ResearchandMarkets.com, the pro-audio speaker industry is expected to generate revenues of more than $2.2 billion by 2023, led by growth in music concerts, exhibition, trade shows, and film and motion production. A separate study, conducted by Futuresource Consulting, expects the pro-audio speaker market to grow by $1 billion year over year by 2021, definitely not bad for what the firm called a “mature industry.” “The portable sound market, where compact systems are a growth product, holds great opportunities for a consolidated offering, as does the touring market, where matching up pro speakers, amplifiers and digital signal processing [DSP] devices is a core requirement,” stated the research firm. (continued on page 48)
IN A GIVING MOOD
SPEAKING UP IN A BIG WAY
Pro Audio Speaker Market Continues Its Ascent
The Great Stuff Going on in MI Today (continued on page 22)