Mixing Console Market Size & Share, by Type (Analog Mixing Console, Digital Mixing Console); Application (Broadcast Studios, Broadcast TV, Recording Studio, Others); Sales Channel (Direct Sales Channel, Indirect Sales Channel) - Global Supply & Demand Analysis & Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5398
  • Published Date: Nov 27, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Mixing Console Market size is poised to reach USD 840 Million by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of mixing console was USD 450 Million. Individuals have become increasingly able to record audio with the advent of personal computers and the internet. This has led to an increase in the demand for mixing consoles, as it allows professionals to edit and polish recordings. New technologies and softwares such as AI-assisted audio mixing, including Cryo Mix, iZotope Neutron, Sonible, LANDR, Maastr, Unchained Music, Waves Nx, are likely to further increase demand for mixing consoles.

As technology continues to evolve, manufacturers are introducing new features into mixing consoles to make them more powerful and efficient. One trend is the integration of digital signal processing (DSP) technology, which allows for more precise control of sound and greater flexibility in mixing. Another trend is the use of touchscreens and mobile apps to control mixing consoles, making them more intuitive and user-friendly.


Mixing Console Market
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Mixing Console Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~6%

Base Year Market Size (2023)

~ USD 450 Million

Forecast Year Market Size (2036)

~ USD 840 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Mixing Console Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Increased Demand for Customization and Personalization - As the music industry continues to diversify, there is an increasing demand for mixing consoles that can accommodate a wide range of genres and styles. This has led to a trend towards more customizable and personalized mixing consoles, with features like user-defined presets and flexible routing options. A vast majority, 97% of advertising experts, within the music, movies and media industry incorporate personalization techniques in their marketing strategies. This allows mixers to tailor their console to the specific sound they are looking for, rather than having to choose between only a handfuls of pre-loaded presets. This is why the demand for mixing consoles, which allow users to customize and personalize their music, is on the rise.
  • Rise Of Home Recording Studios - With the rise of home recording studios, there is more demand for mixing consoles that can quickly and easily adapt to different recording setups. This has caused an increase in demand for high-quality mixing consoles with features such as multiple inputs, digital signal processing, and wireless connectivity. This is because the mixing console needs to be able to quickly and easily adjust the EQ, reverb, and other audio settings in order to capture the best sound possible. Additionally, many home recording studios want the ability to record multiple instruments at the same time, which requires a mixing console with more inputs.
  • Increasing Demand of Live Streaming and Online Content - The growth of live streaming and online content creation has created a need for compact and portable mixing consoles that can be used in a variety of settings. Approximately a quarter of the time spent viewing content worldwide is dedicated to watching live content while the remaining majority, around 78% is allocated to on-demand content. In the year 2023 43% of individuals residing in the United States have engaged with live streamed content. When comparing data from the quarter of 2021 to that of the previous year there has been a significant increase of approximately 15% in live streaming viewership. Live streaming and content creation requires a lot of equipment, and mixing consoles are essential tools for the broadcaster. Compact and portable consoles allow broadcasters to easily set up their equipment in any location, and they can be powered by batteries, making them even more versatile.

Challenges

  • Rapidly Evolving Technology and The Need to keep up with New Developments - The mixing console market is constantly evolving, with new technologies and features being introduced regularly. This can make it challenging for companies to keep up with the latest trends and stay competitive.
  • Increased competition from digital consoles and software.
  • The need to adapt to new workflows and ways of working.


Mixing Console Segmentation

Type (Analog Mixing Console, Digital Mixing Console)

The digital mixing console market is estimated to gain the largest revenue share of about ~56% in the year 2036. The segment growth can be attributed to the growing demand for audio production and recording studios that require digital mixing consoles to create high-quality sound. The Digital Sound Processing (DSP) devices in the digital mixer allow for more precise control of the audio signal, allowing it to be manipulated in more complex ways. This control can be used to adjust the tone of the signal, add or remove certain frequencies, or even create special effects such as reverb and delay.

Application (Broadcast Studios, Broadcast TV, Recording Studio, Others)

Mixing console market from the broadcast TV segment is estimated to gain the significant share of about ~38% in the year 2036 driven by increasing use of streaming services, such as Netflix, Hulu, and Amazon, which are expected to grow at a fast pace in the coming years. As of the quarter of 2023 Netflix boasts a subscriber base of 230 million users. This popular streaming service experienced a rise, in subscribers by 5.6 million compared to the previous quarter. As streaming services become more popular, they are replacing the traditional television method for viewing content. This is driving the demand for mixing consoles, which are used to mix audio and create sound for streaming services.

Our in-depth analysis of the mixing console market includes the following segments:

                              Type

  • Analog Mixing Console
  • Digital Mixing Console

                              Application

  • Broadcast studios
  • Broadcast TV
  • Recording studio
  • Others

                             Sales Channel

  • Direct sales channel
  • Indirect sales channel

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Mixing Console Industry - Regional Synopsis

North America Market Forecast

Mixing console market in North America is anticipated to hold the largest with a share of about ~36% by the end of 2036. Market growth in the region is also expected on account of the presence of a large number of music production studios and the rising number of concerts and live events in the region. As of 2022 the United States is home to a total of 20,637 businesses in the Audio Production Studios industry. This represents growth of 3.3% compared to the year before. Among these businesses California leads the way with 9,410 establishments, followed by New York with 4,460 and Florida with 2,760. Furthermore, the increasing demand for high-quality audio equipment, the availability of a wide range of products, and the growing preference for digital mixing consoles are expected to drive mixing console market growth in the region.

European Market Analysis

The European mixing console market is estimated to be the second largest, registering a share of about ~28% by the end of 2036. Europe is home to a vibrant music scene with a strong fan base, as well as a large network of record labels, producers, and promoters. In addition, European governments have been very supportive of the music sector, providing tax incentives and other forms of support. In 2020 the music industry revenue, in Europe reached a total of €4,969.5 million with approximately 95.56 million users. This has resulted in a strong demand for mixing consoles, as musicians and producers need them to create professional recordings. Moreover, the growing demand for streaming services has also increased demand for mixing consoles, as these services require high-quality audio.

Research Nester
Mixing Console Market size
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Companies Dominating the Mixing Console Market

top-features-companies
    • Harman
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Mackie
    • PreSonus Audio Electronics
    • DiGiCo
    • RCF SPA
    • AEQ International
    • LOUD Audio, LLC
    • Solid State Logic
    • Avid
    • Cadac

In-the-news

In The News

  • DiGiCo has recently introduced their line of large scale live audio production mixing consoles. While still maintaining a sense of familiarity, the Quantum852 offers improvements in audio quality through enhanced algorithms resulting in a significant advancement, in processing power.
  • The PreSonus StudioLive 32 digital mixer is a high quality device designed for audio applications and its now receiving an impressive upgrade. With its ability to control 32 channels individually the StudioLive 32S is a digital mixer that offers the capabilities of a larger mixer in terms of mixing power.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5398
  • Published Date: Nov 27, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Factors driving the growth of the mixing console market include increasing demand for high-quality audio production, the need for more advanced features, and the growing popularity of streaming services.

The market size of mixing console is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Harman, Mackie, PreSonus Audio Electronics, DiGiCo, RCF SPA, AEQ International, LOUD Audio, LLC, Solid State Logic, Avid, Cadac, and others.

The digital mixing console segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Mixing Console Market Report Scope
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