The global digital keyboard market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022-2028).The major factor expected to drive the market growth is the high flexibility offered by the digital keyboards coupled with that it is equipped with various types of pre-loaded sounds, music, genre, and effects and is capable of producing different types of sound that support users while playing music. In addition, the growing number of live performances and concerts, the growing interest, passion, and love for music among the population are some factors accelerating the growth of the market. Most digital keyboards are affordable and much less expensive than acoustic keyboards, which is encouraging its potential adoption in learning and entertainment purpose.
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Some major players in the market include Casio Computer Co., Ltd., Roland Corp., and Clavia Digital Musical Instruments (Clavia DMI AB), among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in January 2022, Casio Computer Co., Ltd. announced the launch of the CT-S1000V, a new addition to the Casio tone line-up of electronic keyboards that delivers a whole new experience and it allows the user to play singing voices on the keyboard without the need for special playing skills or making detailed settings.
The company also added that the CT-S1000V is equipped with Vocal Synthesis, a newly developed onboard sound source technology that lets users play human, robot, and animal voices created by combining lyric data and vocal tones. Further, in April 2021, Casio Computer Co., Ltd. announced the launch of the Casio tone CT-S1, a digital keyboard featuring a minimalist design crafted to gel with everyday life and it is the latest additions to the Casio tone line of digital keyboards, which are designed with the concept of “make music, anytime, anywhere.” The company also added that the CT-S1 is designed for adult users interested in incorporating music-making into their daily lives.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Casio Computer Co., Ltd., Roland Corp., and Clavia Digital Musical Instruments (Clavia DMI AB), among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Digital Keyboard Market Report by Segment
By Product Type
- High-Grade Keyboards
- Standard Keyboards
- Others
By Application
- Learning and Teaching
- Entertainment
- Others
By Distribution Channel
- Online Sales
- Specialty Stores
- Hypermarkets and Supermarkets
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