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).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.
Global Electronic Musical Instruments Market Recent Developments
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In July 2024, a prominent manufacturer launched a new series of electronic keyboards with enhanced connectivity features, catering to the growing demand for digital music production tools.
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In August 2024, a market analysis projected that the electronic and electromechanical musical instruments market worldwide is expected to grow by 6.21% between 2024 and 2029, reaching a market volume of US$13 billion
Segment Analysis
By product, the market is primarily segmented into electric pianos and keyboards, string instruments, drums & percussion instruments, and others. Electric pianos and keyboards dominate the market due to their versatility, ease of use, and affordability, making them popular among both professional musicians and beginners. They are widely used in live performances, studio recordings, and music education. String instruments, while a smaller segment, are gaining traction as artists seek innovative ways to blend traditional sounds with modern electronic music. Drums and percussion instruments are also in demand, particularly among electronic musicians who seek powerful, customizable beats. The "Others" category includes a variety of niche products such as electronic wind instruments, which are increasingly being adopted for their unique capabilities.
In terms of components, the market is divided into hardware and software. Hardware includes the physical devices used in electronic musical instruments, such as keyboards, controllers, and drum pads. These products are experiencing rapid technological advancements, incorporating features like wireless connectivity and advanced sound synthesis. Software, on the other hand, includes music production tools and digital audio workstations (DAWs), which play a pivotal role in modern music creation. The increasing adoption of software for sound design, mixing, and mastering is enhancing the overall user experience and driving growth in this segment. The synergy between hardware and software is expected to continue boosting the market, especially as musicians seek all-in-one solutions for live performances and studio recordings.
The control type segmentation consists of MIDI controllers, touch-sensitive instruments, and traditional button instruments. MIDI controllers are crucial in electronic music production, offering musicians the ability to control multiple sound sources with ease. Touch-sensitive instruments, including pads and touchscreens, are gaining popularity due to their intuitive interface and advanced capabilities for music creation and manipulation. Traditional button instruments, such as electronic guitars and keyboards, continue to have a strong presence, with their familiar layouts and ease of integration into existing music setups.
The integration capability of electronic musical instruments is another important factor influencing market dynamics. Instruments are categorized as standalone, computer-integrated, and mobile-integrated. Standalone instruments function independently, making them ideal for musicians who perform live or prefer to create music without external devices. Computer-integrated instruments are connected to computers or digital audio workstations, enabling musicians to utilize advanced production software and expand their creative possibilities. Mobile-integrated instruments are growing in popularity as they allow musicians to easily use their instruments in conjunction with smartphones and tablets, enabling on-the-go music creation and performance.
Global Electronic Musical Instruments Segment Analysis
In this report, the Global Electronic Musical Instruments Market has been segmented by Product, Component, Control Type, Integration Capability, and Geography.
Global Electronic Musical Instruments Market, Segmentation by Product
The Global Electronic Musical Instruments Market has been segmented by Product into Electric Pianos And Keyboards, String Instruments, Drums and Percussion Instruments and Others.
Electric pianos and keyboards are among the most popular segments, driven by their versatility, portability, and suitability for a wide range of music genres. These instruments offer features such as weighted keys, built-in rhythms, and digital interfaces that connect with various music software, making them ideal for both practice and performance. Advancements in technology have further enhanced their appeal, with improvements in sound quality, touch sensitivity, and connectivity options, catering to the needs of both amateur and professional musicians. String instruments, including electric guitars, basses, and violins, form another significant segment of the market. These instruments are favored for their distinctive sounds and are integral to many music genres such as rock, jazz, and classical music.
The drums and percussion instruments segment has also witnessed substantial growth, with electronic drum kits becoming increasingly popular due to their ability to replicate the feel of acoustic drums while offering a wide range of customizable sounds and practice features. Other electronic musical instruments, such as wind controllers and digital synthesizers, also contribute to the market, catering to niche segments and offering unique sound possibilities. The diversity in product offerings within the global electronic musical instruments market ensures that there is something for every type of musician, from beginners to seasoned professionals, across various musical styles and preferences.
Global Electronic Musical Instruments Market, Segmentation by Component
The Global Electronic Musical Instruments Market has been segmented by Component into Hardware, and Software.
The hardware segment includes the physical instruments themselves, such as electric pianos, keyboards, string instruments like electric guitars and violins, and drums and percussion instruments. These hardware components have seen significant advancements in design, materials, and technology, resulting in improved sound quality, durability, and user experience. Modern electric instruments often come equipped with digital interfaces and connectivity options that allow musicians to integrate them seamlessly with other devices and software, expanding their creative possibilities. The continuous innovation in hardware has enabled musicians to explore new genres and styles, making electronic instruments a staple in both professional studios and home setups.
The software segment, on the other hand, encompasses a range of applications and programs that enhance the functionality of the hardware. This includes digital audio workstations (DAWs), sound editing software, virtual instruments, and effect plugins that allow musicians to record, edit, and manipulate sound with precision and creativity. The integration of sophisticated software with hardware has revolutionized the music production process, enabling real-time sound processing, automation, and advanced sound synthesis. Software developments have made music creation more accessible, allowing even amateur musicians to produce high-quality music from their home studios. Software updates and new releases continuously enhance the capabilities of existing hardware, ensuring that musicians can keep up with the latest trends and technologies in the industry. Together, the hardware and software components form a dynamic ecosystem that drives the growth and innovation of the global electronic musical instruments market.
Global Electronic Musical Instruments Market, Segmentation by Component
The Global Electronic Musical Instruments Market has been segmented by Component into MIDI Controllers, Touch-Sensitive Instruments, and Traditional Button Instruments.
MIDI (Musical Instrument Digital Interface) controllers have emerged as one of the most popular components in the electronic musical instrument market. These devices act as a bridge between the musician and digital audio workstations (DAWs) or synthesizers, enabling users to control various aspects of sound production without the need for traditional instruments. MIDI controllers come in various forms, including keyboards, drum pads, and wind controllers. The versatility of MIDI controllers makes them highly appealing to both professional musicians and hobbyists. Their ability to interact with software-based instruments and virtual synthesizers has revolutionized music production, especially in genres such as electronic music, pop, and hip-hop. The growing demand for MIDI controllers is expected to continue to rise as more musicians and producers seek ways to enhance their creative capabilities.
Touch-sensitive instruments represent another key segment in the market. These instruments provide a unique playing experience by allowing musicians to interact with the instrument through touch, pressure, or motion. Devices like touchscreen synthesizers and drum pads fall under this category. Touch-sensitive instruments allow for greater expressiveness and flexibility compared to traditional button-based instruments. For instance, touch-sensitive synthesizers enable users to create more nuanced sounds by varying the pressure or movement applied to the touchscreen. This segment is particularly appealing to artists and performers who value tactile interaction with their instruments, as well as those who work in live settings or prefer portability. The touch interface offers an intuitive and modern approach to music creation, further enhancing the accessibility and appeal of electronic music production tools.
Traditional button instruments, which have been around for decades, continue to hold a significant share of the market. These instruments include electronic keyboards, drum machines, and other devices that use buttons, knobs, and sliders for sound manipulation. Despite the rise of more advanced technologies like touch-sensitive and MIDI-based instruments, traditional button instruments maintain their popularity due to their familiarity and reliability. These instruments often feature physical buttons or pads that musicians can press or manipulate to produce sound, making them ideal for those who prefer a more tactile, hands-on approach. Additionally, button instruments often come with preset sounds and patterns, making them user-friendly for beginners while also providing the necessary control for professional musicians.
The segmentation of the market into these three components—MIDI controllers, touch-sensitive instruments, and traditional button instruments—reflects the diverse needs of modern musicians. Each type of instrument offers different advantages, from the flexibility and creativity enabled by MIDI controllers to the expressiveness of touch-sensitive instruments and the reliability of traditional button instruments. As music production continues to evolve, the demand for these varied components is likely to grow, with each segment playing a crucial role in shaping the future of the electronic musical instruments market.
Global Electronic Musical Instruments Market, Segmentation by Integration Capability
The Global Electronic Musical Instruments Market has been segmented by Integration Capability into Standalone, Computer-Integrated, and Mobile-Integrated.
Standalone electronic musical instruments are those that can operate independently, without the need for external devices like computers or mobile devices. These instruments are often self-contained, meaning they have their own processors, storage, and sound generation systems. Standalone instruments are typically favored by musicians who prefer a direct, user-friendly experience and those performing live. Key examples include traditional synthesizers, drum machines, and electric pianos. These instruments are designed for portability and ease of use, making them ideal for both on-the-go musicians and performers who need reliable, battery-powered options. The standalone category has been a key staple in the market for many years, particularly for professional and amateur musicians who want an all-in-one, simple solution for music production.
On the other hand, Computer-Integrated electronic musical instruments rely on computers or software for additional capabilities. These instruments are designed to interface directly with a computer or digital audio workstation (DAW), expanding their functionality and enabling them to become part of a more extensive music production setup. By leveraging the power of the computer, these instruments can access a wide array of digital sounds, effects, and virtual instruments. Computer-integrated instruments include MIDI controllers, digital synthesizers, and sound modules that require connection to a computer for full operation. Musicians in recording studios, producers, and sound engineers often favor this category, as it allows for precise control over their music production environment and access to a virtually endless library of virtual instruments and effects.
The Mobile-Integrated segment is a more recent and rapidly growing category within the electronic musical instrument market. Mobile-integrated instruments are designed to work seamlessly with smartphones and tablets, often through apps or wireless connections. These instruments combine the portability of standalone devices with the power and flexibility of mobile devices, allowing musicians to create music anytime and anywhere. With the rise of music creation apps, mobile-integrated instruments enable musicians to use their mobile devices as the primary interface for controlling various sound generation tools, virtual instruments, and audio effects. Key products in this category include portable synthesizers, controllers, and electronic drums that connect wirelessly to mobile devices for easy control. The mobile-integrated segment appeals to hobbyist musicians, beginner artists, and those who need flexibility in music creation without sacrificing functionality. With the increasing prevalence of mobile apps like GarageBand and other music production tools, the mobile-integrated category is gaining momentum, offering a new generation of musicians the ability to create professional-quality music on the go.
Global Electronic Musical Instruments Market, Segmentation by Geography
In this report, the Global Electronic Musical Instruments Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Electronic Musical Instruments Market Share (%), by Geographical Region, 2024
North America, with its well-established music industry infrastructure and high disposable incomes, remains a dominant market for electronic musical instruments. The region is characterized by a strong presence of key market players, continuous innovation, and a high adoption rate of advanced music technologies. Europe follows closely, benefiting from a rich musical heritage and strong government support for cultural and artistic endeavors, which bolsters the demand for electronic musical instruments. The Asia Pacific region is experiencing rapid growth in the electronic musical instruments market, driven by increasing disposable incomes, a growing middle class, and a rising interest in music education and entertainment.
Countries like China, Japan, and India are key contributors to this growth, with expanding music industries and increasing investments in music-related infrastructure. The Middle East and Africa region, while still emerging, shows significant potential due to a rising youth population and increasing interest in Western music genres. Latin America, with its vibrant music culture and increasing digitalization, is also poised for growth in the electronic musical instruments market. Each of these regions offers unique opportunities and challenges, making geographic segmentation a crucial aspect of understanding the global market landscape for electronic musical instruments.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Electronic Musical Instruments Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Influence of social media on music trends
- Celebrity endorsements
- Improved sound quality and features
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Rising number of professional musicians - The global increase in the number of professional musicians is a significant driver of the electronic musical instruments market. As more individuals pursue careers in music, either full-time or as serious hobbies, the demand for high-quality electronic instruments grows. These musicians often seek advanced features and superior sound quality that can enhance their performances and recordings, leading to higher sales of sophisticated instruments.
Professional musicians frequently require a variety of instruments to suit different styles and performance settings, from studio recording to live shows. This diversification in usage further propels the market, as manufacturers strive to meet the evolving needs of professional artists with innovative and versatile products.
Restraints
- Short product lifecycles
- Rapid technology obsolescence
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Limited music education in schools - The limited availability of music education in schools acts as a significant restraint on the electronic musical instruments market. In many regions, budget constraints and curricular priorities often lead to reduced funding and support for music programs. This lack of early exposure to music education means fewer students develop the skills and interest needed to pursue music further, ultimately reducing the potential market size for musical instruments.
Without foundational training and encouragement from schools, students may find it more challenging to learn and engage with music independently, which can limit their interest in purchasing and mastering electronic musical instruments. Addressing this issue through increased investment in school music programs could help to cultivate a new generation of musicians and expand the market.
Opportunities
- Collaboration with tech companies
- Adoption of VR/AR in music practice
- Launch of affordable instrument lines
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Focus on user-friendly interfaces - The focus on user-friendly interfaces in electronic musical instruments is a crucial factor driving market growth and customer satisfaction. As technology in musical instruments advances, ensuring that these innovations are accessible and easy to use becomes essential. User-friendly interfaces lower the barrier to entry for beginners and non-technical users, making it easier for them to learn and enjoy playing music.
This accessibility broadens the market appeal, attracting a wider range of customers, including those who might be intimidated by complex interfaces. Even experienced musicians benefit from intuitive designs that streamline their workflow, allowing them to focus more on creativity and less on navigating complicated settings. By prioritizing user-friendly interfaces, manufacturers can enhance the overall user experience, encouraging more people to invest in electronic musical instruments.
Competitive Landscape Analysis
Key players in Global Electronic Musical Instruments Market include
- Fender Musical Instruments Corp.
- Gibson Brands, Inc.
- inMusic Brands Inc.
- Korg Inc.
- NS Design
- Roland Corp.
- Yamaha Corp.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Component
- Market Snapshot, By Control Type
- Market Snapshot, By Integration Capability
- Market Snapshot, By Region
- Global Electronic Musical Instruments Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Influence of social media on music trends
- Celebrity endorsements
- Improved sound quality and features
- Rising number of professional musicians
- Restraints
- Short product lifecycles
- Rapid technology obsolescence
- Limited music education in schools
- Opportunities
- Collaboration with tech companies
- Adoption of VR/AR in music practice
- Launch of affordable instrument lines
- Focus on user-friendly interfaces
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Electronic Musical Instruments Market, By Product, 2021 - 2031 (USD Million)
- Electric Pianos & Keyboards
- String Instruments
- Drums & Percussion Instruments
- Others
- Global Electronic Musical Instruments Market, By Component, 2021 - 2031 (USD Million)
- Hardware
- Software
- Global Electronic Musical Instruments Market, By Control Type, 2021 - 2031 (USD Million)
- MIDI Controllers
- Touch-Sensitive Instruments
- Traditional Button Instruments
- Global Electronic Musical Instruments Market, By Integration Capability, 2021 - 2031 (USD Million)
- Standalone
- Computer-Integrated
- Mobile-Integrated
- Global Electronic Musical Instruments Market, By Product, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Electronic Musical Instruments Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- Fender Musical Instruments Corp.
- Gibson Brands, Inc.
- inMusic Brands Inc.
- Korg Inc.
- NS Design
- Roland Corp.
- Yamaha Corp.
- Company Profiles
- Analyst Views
- Future Outlook of the Market