Global Electronic Musical Instruments Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Electric Pianos And Keyboards, String Instruments , Drums & Percussion Instruments, and Others.

By Component;

Hardware, and Software.

By Control Type;

MIDI Controllers, Touch-Sensitive Instruments, and Traditional Button Instruments.

By Integration Capability;

Standalone, Computer-Integrated, and Mobile-Integrated.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn772643160 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Electronic Musical Instruments Market (USD Million), 2021 - 2031

In the year 2024, the Global Electronic Musical Instruments Market was valued at USD 1,231.69 million. The size of this market is expected to increase to USD 1,791.72 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.

The global electronic musical instruments market has witnessed significant growth over the past few years, driven by advancements in technology and increasing interest in music production and performance. Innovations such as Yamaha's ViRealTM, a groundbreaking 3D sound technology integrated into their 108.6-channel Super Surround Theatre, exemplify the rapid pace of technological advancements in the industry. The growing popularity of electronic music genres, coupled with the accessibility of high-quality musical instruments and equipment, has further fueled market expansion. Manufacturers are continually striving to enhance the user experience by integrating cutting-edge features and improving the overall quality of sound production. This trend is expected to continue, with more companies investing in research and development to cater to the evolving demands of musicians and producers worldwide.

In addition to technological advancements, collaborations between renowned musicians and instrument manufacturers have played a crucial role in driving the market. For instance, in December 2021, Gibson Brands, Inc. released limited editions of Dave Mustaine's Flying V-shaped guitar model, generating significant interest among fans and collectors. Casio's introduction of new models to its PX family of digital pianos in July 2021 reflects the continuous efforts by companies to diversify their product offerings and appeal to a broader audience. The global electronic musical instruments market is poised for continued growth, supported by innovations, strategic collaborations, and the increasing popularity of electronic music across different cultures and age groups.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Component
    3. Market Snapshot, By Control Type
    4. Market Snapshot, By Integration Capability
    5. Market Snapshot, By Region
  4. Global Electronic Musical Instruments Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Influence of social media on music trends
        2. Celebrity endorsements
        3. Improved sound quality and features
        4. Rising number of professional musicians
      2. Restraints
        1. Short product lifecycles
        2. Rapid technology obsolescence
        3. Limited music education in schools
      3. Opportunities
        1. Collaboration with tech companies
        2. Adoption of VR/AR in music practice
        3. Launch of affordable instrument lines
        4. Focus on user-friendly interfaces
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electronic Musical Instruments Market, By Product, 2021 - 2031 (USD Million)
      1. Electric Pianos & Keyboards
      2. String Instruments
      3. Drums & Percussion Instruments
      4. Others
    2. Global Electronic Musical Instruments Market, By Component, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
    3. Global Electronic Musical Instruments Market, By Control Type, 2021 - 2031 (USD Million)
      1. MIDI Controllers
      2. Touch-Sensitive Instruments
      3. Traditional Button Instruments
    4. Global Electronic Musical Instruments Market, By Integration Capability, 2021 - 2031 (USD Million)
      1. Standalone
      2. Computer-Integrated
      3. Mobile-Integrated
    5. Global Electronic Musical Instruments Market, By Product, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Fender Musical Instruments Corp.
      2. Gibson Brands, Inc.
      3. inMusic Brands Inc.
      4. Korg Inc.
      5. NS Design
      6. Roland Corp.
      7. Yamaha Corp.
  7. Analyst Views
  8. Future Outlook of the Market