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Electronic Musical Instruments Market size is set to grow by USD 475.8 million from 2024-2028, Growing demand for music-related leisure activities boost the market, Technavio

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NEW YORK, June 10, 2024 /PRNewswire/ — The global electronic musical instruments market size is estimated to grow by USD 475.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  2.66%  during the forecast period. Growing demand for music-related leisure activities is driving market growth, with a trend towards continuous development of new musical instruments. However, increasing adoption of virtual musical instruments and music production software  poses a challenge. Key market players include Anderson Guitarworks, Armadillo Enterprises Inc., C. F. Martin and Co. Inc., CASIO Computer Co. Ltd., Fender Musical Instruments Corp., Focusrite Plc, Gibson Brands Inc., inMusic Brands Inc., Kawai Musical Instruments Mfg. Co. Ltd., KORG Inc., Marshall Morrison Instruments Pty. Ltd., Music Tribe Global Brands Ltd., NS Design, Peavey Electronics Corp., Rickenbacker International Corp., Robert Bosch GmbH, Roland Corp., Shure Inc., Speck Electronics, and Yamaha Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Electronic Musical Instruments Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 2.66%

Market growth 2024-2028

USD 475.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.5

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, China, Germany, France, and India

Key companies profiled

Anderson Guitarworks, Armadillo Enterprises Inc., C. F. Martin and Co. Inc., CASIO Computer Co. Ltd., Fender Musical Instruments Corp., Focusrite Plc, Gibson Brands Inc., inMusic Brands Inc., Kawai Musical Instruments Mfg. Co. Ltd., KORG Inc., Marshall Morrison Instruments Pty. Ltd., Music Tribe Global Brands Ltd., NS Design, Peavey Electronics Corp., Rickenbacker International Corp., Robert Bosch GmbH, Roland Corp., Shure Inc., Speck Electronics, and Yamaha Corp.

Market Driver

The electronic musical instruments market experiences growth due to the demand for advanced and innovative tools. Digital technology enhances sound realism and expression. Portable and affordable instruments broaden access to music learning. Integration with technology like computers and smartphones expands functionality. The rise of electronic music genres further fuels market expansion. 

The Musical Instruments market includes various electronic musical instruments such as drums, microphones, keyboards, and synthesizers. These instruments are in high demand due to their versatility and ability to produce unique sounds. The trend towards digital music production has led to an increase in the use of MIDI controllers and digital audio workstations.

Additionally, the integration of artificial intelligence and machine learning in musical instruments is a growing trend. Companies are developing intelligent instruments that can learn and adapt to a musician’s playing style. The market for electronic musical instruments is expected to grow significantly in the coming years due to these trends and advancements in technology. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The electronic musical instruments market is experiencing significant challenges due to the increasing adoption of virtual musical instruments and music production software. Developed economies are leading this trend, with music production software enabling better mobility and fewer hassles for composers.Popular laptop brands like Apple Inc. offer music creation tools, expanding their audience base. Mobile devices and high-speed Internet connectivity further fuel this shift, driving demand for virtual instruments through apps and websites. The sales growth of laptops and mobiles, coupled with Internet accessibility, significantly impact the electronic musical instruments market.The Electronic Musical Instruments market faces several challenges. Musical instruments such as digital pianos, synthesizers, drum machines, and controllers require advanced technology and components. These include microprocessors, memory, and sensors. The cost of these components can impact the price of the final product. Moreover, the market is highly competitive with numerous players offering similar products. Differentiating offerings and maintaining a competitive edge is essential. Classes, compressors, and effects processors are common features that can set products apart.Another challenge is keeping up with consumer trends. Musicians and producers are always looking for the latest technology and features. Staying innovative and offering unique solutions is crucial for market success. Additionally, ensuring quality and reliability is important. Electronic musical instruments must perform consistently and accurately. Ensuring durability and longevity is also a concern. Lastly, logistics and distribution can pose challenges. Ensuring timely delivery and efficient supply chain management is essential for meeting customer demands and maintaining a strong market presence.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Distribution Channel1.1 Offline1.2 OnlineEnd-user 2.1 Electric pianos and keyboards2.2 String instruments2.3 Drums and percussion instruments2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline-  The offline segment of the global electronic musical instruments market encompasses distribution channels where instruments are sold in physical retail locations. This segment is crucial, allowing customers to test and purchase instruments in person. Key distribution channels include musical instrument stores, specializing in a wide range of electronic options, and department stores and specialty retailers, offering a selection of electronic instruments alongside other consumer goods. Direct sales from manufacturers provide a unique brand experience and personalized guidance. The preference for tactile interaction and informed purchasing continues to fuel the growth of the offline segment.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The electronic musical instruments market encompasses a wide range of innovative tools for music creation and production. Virtual musical instruments, music production software, and music synthesizers are at the forefront of this sector, enabling musicians and artists to generate unique musical sounds and compositions. The music publishing market and live performance scenes also benefit significantly from these advanced technologies.

The equipment market, including studio headphones, DJ gear, and electronic musical instruments from brands like Shure, Kawai Musical, Numark Industries, Roland, Pioneer DJ, Denon DJ, Sennheiser Electronic, Gibson Brands, and others, cater to the diverse needs of musicians and artists. Additionally, the integration of AI in musical instruments is revolutionizing the industry, offering new possibilities for musical expression. Electronic pianos and music synthesizers are essential components of this market, contributing to the electronic musical landscape with their electronic musical sounds and capabilities.

Market Research Overview

The Electronic Musical Instruments market encompasses a wide range of innovative devices used to create, perform, and record music. These instruments, such as synthesizers, drum machines, MIDI controllers, and digital audio workstations, leverage advanced technology to produce unique and diverse sounds. The market is driven by various factors, including the growing popularity of electronic music genres, increasing demand for portable and affordable instruments, and continuous technological advancements.

Additionally, the integration of these instruments with other digital platforms and the rise of music streaming services further expand their application and accessibility. Overall, the Electronic Musical Instruments market presents significant growth opportunities for manufacturers and consumers alike.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineEnd-userElectric Pianos And KeyboardsString InstrumentsDrums And Percussion InstrumentsOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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BinBase Expands 2026 BIN Dataset with Instant Payout Intelligence for iGaming, Gambling, and Cross-Border Transfers

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BinBase updates its 2026 dataset with specialized Fast Funds, Visa Direct, and Mastercard MoneySend indicators to help iGaming operators and payout platforms execute seamless, instant card disbursements.

MIAMI, July 23, 2026 /PRNewswire-PRWeb/ — BinBase, a global provider of payment routing intelligence and card issuing data, has introduced specialized instant payout indicators as part of its upgraded 2026 BIN Database. Tailored for iGaming operators, online gambling platforms, crypto-to-fiat ramps, and payout aggregators, the updated dataset helps platform engineers streamline real-time card disbursements and Push-to-Card (P2C) transactions.

In high-velocity sectors such as online betting and gaming, instantaneous player payouts are a primary driver of customer retention. However, executing Push-to-Card transactions through protocols like Visa Direct and Mastercard MoneySend requires knowing whether the receiving card issuer supports Fast Funds for specific merchant category codes (MCCs). Attempting instant payouts on non-eligible cards leads to declined transactions, elevated processing fees, and poor user experiences.

The 2026 BinBase release solves this operational bottleneck by delivering dedicated attributes for real-time fund disbursements:

Fast Funds Eligibility: Granular indicators identifying domestic and cross-border Fast Funds support across global Visa and Mastercard ranges.Online Gambling Fast Funds (OG FF): Dedicated flags specifically identifying card ranges authorized to receive real-time gambling and betting payouts.Mastercard MoneySend & Visa Direct Indicators: Precise protocol compatibility markers (MS Ind & MT Ind) ensuring push transactions are routed only to eligible recipient cards.Direct Debit & Pull-Funds Support: Indicators for recurring collections and account-funding transactions.

“Player payouts in iGaming cannot wait for standard 2-to-3-day ACH settlements,” said a spokesperson for Damiko Inc. “By embedding our Fast Funds and Gambling FF flags into their payment engines, operators can instantly validate recipient cards before initiating a transfer, guaranteeing high success rates and instant liquidity for their users.”

Fintech engineers and payout architects can examine the full 29-field database schema and access a free 2026 sample dataset on GitHub.

To explore commercial licensing, bulk database downloads, or custom data feeds, visit BinBase at https://binbase.com.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate processing fees.

Media Contact
Fedor Lavrikoff, BinBase, 1 7866133334, sales@binbase.com, www.binbase.com 

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SOURCE BinBase

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Walnut Coding’s Young Coders Serve as ‘Instructors’ at Huawei Cloud Developer Training Camp

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Ages 8 and 15, students showcase AI-era project-building skills from concept to working application

BEIJING, July 23, 2026 /PRNewswire/ — Walnut Coding (the “Company”), a leading online platform for youth coding education, said two of its students – ages 8 and 15 – have joined the “instructor” lineup at Huawei Cloud Developer Training Camp, making them among the youngest “instructors” in the program’s history. The Company cites the pair as a prime example of how young learners can combine coding fundamentals with AI tools to turn ideas into working applications.

The two students, Bolin Du, 8, and Peiqi Gao, 15, built working applications using Huawei Cloud CodeArts, an AI coding assistant, then presented the projects to the training camp themselves – walking the audience through their design choices, technical builds, and debugging process.

The move lands at a moment when AI coding tools are forcing a rethink across the education sector. Tools that can generate functioning code from a plain-language prompt have undercut the traditional argument for teaching children to program – that they need the skill to build things themselves. Walnut Coding’s answer is that the more valuable skill now is judgment – knowing what problem to solve, breaking it into parts, and determining whether an AI’s output actually works.

Gao built a travel-planning application that generates routes, itineraries, and recommendations based on user input, handling the project end to end, from requirements and design through coding and debugging. Du, the younger of the two, built an interactive calendar application, using HTML for page structure, CSS for visual design, and JavaScript for interactive features. Both students then took on an instructor’s role at the camp, presenting their project goals and technical implementation to the audience – a step Walnut Coding says separated the work from a typical classroom assignment.

These were not classroom exercises but working projects, built and presented inside a professional developer-training environment. The experience demanded more from both students than simply producing something functional – they needed to articulate their reasoning, defend technical choices, and refine the final result under scrutiny. Their participation signals a broader shift underway in what youth coding education can deliver.

AI is making code generation easier, but it is also redrawing which skills actually matter. A student who relies only on one-click generation may get a rough prototype quickly, but still struggle to spot logical flaws, judge whether the output is reliable, or turn an abstract idea into a product that actually works. Students with programming foundations, by contrast, are better positioned to define requirements, evaluate what the AI produces, correct its errors, and treat the technology as a tool rather than a shortcut to lean on.

“AI can help children generate code faster, but it cannot decide for them what problem they should solve, nor can it make the final judgment about whether the result is truly effective,” said Pengxuan Zeng, founder and CEO of Walnut Coding. “What these two students demonstrated is not just coding technique, but the ability to define needs, break down tasks, verify outcomes, and turn an idea into a working product. That is why we believe young people still need to learn programming in the AI era.”

Walnut Coding structures its courses around that thesis, pairing student-led project work with teaching-assistant guidance and AI-assisted support. According to the Company, this data is continuously fed back into its systems to refine the personalization of AI-assisted feedback — a closed-loop process linking teaching, practice, feedback, and curriculum development.

The Company frames the payoffs less around producing professional software engineers than around a broader form of literacy. As AI continues to reshape how tasks get done, the ability to understand the technology, structure problems clearly and collaborate effectively with intelligent tools may prove one of the most durable skills a young learner can develop.

Walnut Coding says it plans to keep expanding opportunities for students to build practical projects, partner with industry technology platforms such as Huawei Cloud, and develop the core capabilities needed to build with technology in the AI era.

View original content:https://www.prnewswire.com/news-releases/walnut-codings-young-coders-serve-as-instructors-at-huawei-cloud-developer-training-camp-302833884.html

SOURCE Walnut Coding

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MOREH Showcases High-Performance LLM Inference on AMD GPUs at AMD Advancing AI 2026

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SAN FRANCISCO, July 23, 2026 /PRNewswire/ — Moreh, an AI infrastructure software company, led by CEO Gangwon Jo, participated in AMD Advancing AI 2026, AMD’s flagship annual AI event held in San Francisco on July 22–23 (local time), where it demonstrated its distributed inference solution, the MoAI Inference Framework, running on AMD GPUs.

At the event, Moreh presented a live demonstration of the GLM-5.1 large language model (LLM) powered by the MoAI Inference Framework on a system equipped with 32 AMD Instinct™ MI300X GPUs across four nodes. Visitors experienced the chatbot firsthand, evaluating its response speed and service quality while observing performance across a range of real-world use cases.

Unlike conventional demonstrations that simply run an AI model, Moreh’s showcase displayed key inference service metrics in real time, including GPU utilization, Tokens Per Second (TPS), Time To First Token (TTFT), and Time Per Output Token (TPOT). This enabled attendees to directly verify both inference performance and GPU resource efficiency in a production-like service environment.

Global AI industry leaders and enterprise customers attending the event expressed strong interest in the system’s fast response times and stable performance. In particular, the live deployment of the computationally demanding GLM-5.1 model on AMD GPUs at production-grade service levels received positive feedback from visitors.

Moreh’s MoAI Inference Framework is widely recognized as the world’s first commercially deployed distributed inference solution built for the AMD ecosystem. Its distributed inference and heterogeneous computing technologies are designed to dramatically reduce AI service costs, enabling broader adoption of AI worldwide. The technology addresses one of the industry’s biggest challenges-the rapidly rising infrastructure and service costs caused by increasingly larger AI models-by delivering a more efficient inference infrastructure.

Moreh CEO Gangwon Jo stated, “This event provided an opportunity for global customers to verify firsthand that top-tier inference performance can be achieved on AMD GPU environments,” and added “We will continue advancing our AI infrastructure software so enterprises can operate AI services as efficiently as possible, regardless of the underlying GPU platform.”

Moreh develops its own AI infrastructure engine and has expanded its end-to-end AI capabilities through its foundation LLM subsidiary, Motif Technologies, covering both AI infrastructure and foundation models. The company is also strengthening its presence in the global AI market through strategic partnerships with leading technology companies, including AMD and Tenstorrent.

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