Technavio has announced the top five leading vendors in its recent Global Music Synthesizers market 2016-2020 report.
The report names Casio, Korg, Novation, Roland and Yamaha as the market leader and also lists 11 other prominent vendors that are expected to impact the market during the forecast period.
“The global music synthesizers market is highly competitive due to the presence of limited number of leading vendors. Advances in technology and changing consumer preferences are major risks for vendors in the market. Vendors are competing on the basis of product differentiation, portfolio, and pricing. Established vendors are investing in designing, developing, planning, expanding the existing music synthesizers, and acquiring new players to maintain their position in the market. Casio, Korg, Novation Digital Music Systems, Roland, and Yamaha are the leading vendors in the market,” said Ujjwal Doshi, lead analyst at Technavio for consumer electronics research.
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