Lucintel Forecasts The Global Music Recording Market To Reach $81 Billion By 2030

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According to a market report by Lucintel, the future of the global music recording market looks promising with opportunities in the mechanical, performance, synchronization, and digital markets. The global music recording market is expected to reach an estimated $81 billion by 2030 from $59 billion in 2024 at a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are increase in the music industry, growing consumer desire for fresh and excellent music recordings, and rising smartphone use in conjunction with high-speed internet access.
A more than 150-page report to understand trends, opportunity and forecast in global music recording market to 2030 by genre (rock, hip hop, pop, jazz, and others), type (music publishing and music recording), application (mechanical, performance, synchronization, digital, and others), end use (individual and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the genre category, pop is expected to witness the highest growth over the forecast period.
Within this application category, digital is ...
... expected to witness the highest growth due to convenient access to the internet and increasing digitization.
Download sample by clicking on music recording market.
In terms of regions, APAC will remain the largest region over the forecast period due to growing popularity of smartphones and increasing interest of music among consumers in developing nations, particularly China and India.
Qorvo, Microchip Technology, Broadcom, Analog Devices, Infineon Technologies, Sumitomo Electric Industries, Win Semiconductors are the major suppliers in the music recording market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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