India’s professional audio, audiovisual (AV), lighting, stay leisure and programs integration industries will achieve additional momentum from the ‘live performance financial system’ that has gained prominence over the previous few years, business executives mentioned.
The live performance financial system is outlined by stay occasions, music occasions in pubs and lodges, wedding ceremony occasions, audiovisual exhibits and light-weight exhibits.
Siddhartha Chauhan, founder and managing director of Megasound India, the nation’s largest sound system rental firm, mentioned, “As we speak, stay leisure is pushed solely by the demand for immersive experiences. Publish-Covid, we now have witnessed monumental modifications within the scale, technical necessities and execution of stay occasions.”
“This evolution is extremely evident within the luxurious wedding ceremony sector, which spans cultural hubs like Udaipur and Jaipur. Speedy infrastructure progress, such because the enlargement of worldwide airports and world-class resort chains, has remodeled what was as soon as easy leisure right into a multi-day mini-festival with 20-25 artist participation,” mentioned PALM AV-ICN Expo, an business occasion hosted by Informa Markets on the Bombay Exhibition Heart in Mumbai. He mentioned in 2026.
“We’re on the absolute baseline of an unprecedented leisure and AV explosion. Should you put the native scale in perspective, in a single state like Rajasthan alone, the marriage market is now price over Rs 1,000 crore yearly,” he added.
Additional, he mentioned business gamers have seen a transparent development since taking part in large-scale international productions just like the Coldplay Present, and Indian artistes now rightly need to carry out to that very international commonplace.
“Reaching it will require an unprecedented degree of technological infrastructure {and professional} service suppliers,” added Mr. Chauhan.
Anil Chopra, founding director of PALM AV-ICN Expo, mentioned: “India’s music panorama has undergone unbelievable modifications over the previous decade, with stay stage performances and concert events rising as a robust cultural and financial pressure throughout metropolitan cities and tier 2 and three markets. From audiences of 20,000 or 30,000 folks at native concert events to stadiums full of over 100,000 music followers, the Indian live performance business has reached unprecedented scale.” scale. ”
“The rise of the live performance financial system has created vital synergies throughout hospitality, tourism, digital streaming and leisure infrastructure, whereas positioning Indian music as a formidable pressure on the worldwide stage,” he added.
Yogesh Mudras, Managing Director, Informa Markets, India, mentioned, “India’s professional audio, AV integration, and leisure lighting business is coming into a interval of excessive progress, pushed by the enlargement of digital infrastructure, experiential consumption, good venues, and the convergence of large-scale private and non-private investments in leisure, retail, hospitality, training, and stay occasions.”
“With the Indian stay occasions business anticipated to cross Rs 15,000 crore within the subsequent few years and the Professional-AV market steadily increasing throughout enterprise, authorities and experiential purposes, the demand for built-in, clever and immersive know-how options is accelerating quickly,” he mentioned.
Business gamers mentioned the Indian Professional-AV market is predicted to succeed in $150 million by 2034, rising at a CAGR of three.9%. This enlargement is being pushed by rising demand throughout stay occasions, authorities initiatives, hospitality, training, homes of worship, digital content material creation, and e-commerce-driven visible engagement.
Santana Davis, Chairman of the Occasion Gear Companies Affiliation (EESA) and Managing Director of J. Davis Prosound & Lighting, mentioned, “India’s live performance and stay leisure business is experiencing unprecedented progress pushed by the fast rise of the live performance financial system and elevated funding in superior audio, lighting, video and immersive occasion applied sciences.”
“India is now not following international leisure traits, however is rising as a most well-liked vacation spot for worldwide artists and world-class touring productions. This transformation is creating stronger alternatives throughout the occasion ecosystem, whereas reinforcing the significance {of professional} requirements, security practices and business illustration,” he mentioned.
Sanket Ranveer, Managing Director, Excessive Media, which produces LED show programs, mentioned, “India’s LED show business has a heritage of over 220 years and the sector has emerged because the quickest rising phase throughout the stay occasions and visible know-how ecosystem, pushed by the rise of concert events, company occasions, weddings, political rallies and large-scale leisure experiences.”
“India’s LED show market is at the moment valued at almost Rs 2,000 billion and continues to develop at round 15%. The rental LED phase accounts for almost 30% of the market, accounting for round Rs 600-650 million. Though India at the moment accounts for under 4.5% of the worldwide market, the business is witnessing robust momentum and robust long-term progress potential,” he added.
He additional mentioned that the rising demand for premium visible experiences is accelerating the adoption of superior show applied sciences and high-performance programs throughout India.
Main international and home manufacturers, together with HARMAN (that includes JBL and Martin Skilled), Yamaha Company, Sennheiser, Shure, Epson, Ahuja Radios, L-Acoustics, Martin Audio, Gown Lighting, Osram, Avid Know-how, d&b audiotechnik, NovaStar, and Hikvision, are showcasing advances in skilled audio tools, lighting know-how, and AV integration options on the expo.
