Market for Professional Audio Gear to Grow 14% Annually Through 2002

A new study of patterns in the purchasing of professional audio and video production hardware has been released by analysts Frost & Sullivan. The study shows a continuing trend towards conversion from analog to digital technologies, which is fueling growth in overall sales.

The audio production equipment market is expected to generate an annual compound growth rate of more than 14 percent until 2002. Audio products considered in the report include digital open reel recorders, digital modular multi-track tape recorders, professional audio mini-disk recorders, digital hard-disk recorders and microphones. Frost & Sullivan project that digital open-reel equipment will lose substantial market share during this period to digital hard-disk and professional Mini-Disk.

Frost & Sullivan is an international marketing consulting company that monitors the telecommunications industry for market trends, market measurements, and strategies. Among the many audio companies that took part in the study: AKG, Amek U.S., AMS Neve, Beyerdynamics, Crest Audio, Euphonix, Harrison by GLW, Mackie Designs, Otari, Panasonic/Ramsa, Sennheiser, SSL, Soundcraft and Studer-Editech.

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