France's Sound Sector Surges with €43.2 Billion Projected Revenue in 2024

The sound sector in France is witnessing significant economic growth, with activities expected to reach €43.2 billion in 2024, according to a recent Asterès study published on January 8. Over the past five years, the sector has expanded by 15%, supporting 141,177 full-time equivalent jobs across diverse industries such as culture, telecommunications, engineering, industry, and health.

Telecommunications lead the sector, contributing €29.1 billion and employing 66,743 people, accounting for nearly two-thirds of the total sound economy activity. Despite this dominance, its growth rate since 2019 is a moderate 10.3%, fueled by increased digital usage and audio consumption on mobile devices.

Other dynamic segments include audio creation, which has surged by 58.7% from 2019 to 2024, driven by radio, recorded music, and audiobook markets. Hybrid sound creation, encompassing live performances and video content, also shows strong growth with a market value of €3.9 billion. Acoustic engineering stands at €3.8 billion, expanding 26.5%, largely due to industrial regulation demands. The medical audiology sector has grown by 34.3%, with audiological equipment sales leaping 60.9%, emphasizing the sector’s growing relevance as a public health concern.

This comprehensive expansion highlights the sound industries as a dynamic and multifaceted contributor to France's economy, integrating technological advancement, cultural production, and healthcare innovations.