Vinyl fans rejoice! Panasonic, Sony are reviving the turntable

Panasonic, Sony are reviving the turntable
Panasonic, Sony are reviving the turntable   

Vinyl lovers rejoice! It appears retro turntables are making a comeback.

Panasonic and Sony have both promised to "redefine" the turntable with their latest set of high-tech music products at Las Vegas' Consumer Electronics Shows (CES) this week.

Japanese electronics giant Panasonic unveiled two new "Grand Class" Technics models at CES. The launch ties in with the 50th anniversary of the classic Technics brand which Panasonic has helped to revive in recent years after production stopped in 2010.

The "Grand Class SL-1200GAE" is a limited anniversary edition, with only 1,200 units available in the summer of 2016, while the aluminum-cased "Grand Class SL-1200G" is available from later this year.

Both products flaunt a number of design improvements, including a "high damped tonearm" — which holds both the cartridge and the needle — and a new motor, which aims to suppress vibrations and aims to deliver better quality sound.

What Hi-Fi? magazine reported Wednesday that a non-limited edition of the SL-1200G would be on sale for around $4,000.

Front View of Sony's New High-Resolution Turntable - PS-HX500.
Courtesy of Sony
Front View of Sony's New High-Resolution Turntable - PS-HX500.

Meanwhile, rival Sony also revealed its "PS-HX500" turntable this week, as part of the company's expansion into premium hi-resolution audio products.

Not only will the PS-HX500 play vinyl LPs for personal use, but it will convert records into hi-res audio files, so users can back up, store and listen to their music through compatible digital devices. The PS-HX500 will go on sale to music fans in the spring.

Vinyl: Soon to be mainstream?

These announcements come on the back of more success surrounding the vinyl "revival."

Despite being on the brink of extinction, the vinyl LP has seen a renaissance in the U.S. in the last 10 years, with almost 12 million units sold in 2015, according to Nielsen.

The physical format has become popular amongst the British too, with eight years of consecutive growth, resulting in vinyl sales reaching a 21-year high in 2015, with 2.1 million LP unit purchases, the British Phonographic Industry revealed on Wednesday.

While many may expect 2015's top album on vinyl to stem from an iconic classic, it turns out Adele's third studio album "25" managed to become the firm favorite on both vinyl and physical album sales for both U.K. and U.S. consumers.

Music industry gets a boon from nostalgia
Music industry gets a boon from nostalgia   

And this popular trend isn't set to fizzle anytime soon, according to one chief executive.

The vinyl industry "has legs" to grow further rather than become a temporary fad, Cary Sherman, CEO of the Recording Industry Association of America (RIAA), told CNBC in September.

"(Vinyl's) been growing every year and each year we thought that it would peter out, but it seems to be increasing," he said, however he added that vinyl would be "no threat to digital."

"We think that audiophiles are attracted to vinyl because they think it has a warmer sound than the CD (compact disc), and there are people who just like the immersive experience of vinyl because you really have to listen to an album when it's on a turntable. …Then there are people who like it as a collectable, something that they can touch and feel," he added.

By CNBC's Alexandra Gibbs, follow her @AlexGibbsy and @CNBCi