From what I've read, Europe is still going strong with lots of innovation coming from Poland, the Czech Republic, Russia, Greece and the like with built in audiences who still like to listen the way we do.
When we lament the loss of participation here, stateside, I think it has a lot to do with culture and trends, which can be very fickle and short lived. The way we listen will ebb and wane but never go away. It's been around for a long time which is a sign that it's doing something right.
Innovation has to settle in with HEA seriously in mind since it's already baked in. The only problem is cost: people don't have the disposable income they used to. Better minds will step in where the old guard falters or fails so the look of things will change but the end result should be satisfying. It'll just take some getting used to.
In the meantime, there are still some brick & mortar venues out there so everyone should do their due diligence and keep in touch. For me, it's Acoustic Image and Elliot Midwood, who's been so gracious with his time and expertise. I try to visit a couple times a year even though I'm content with what I have but it's nice to visit, chat and listen. A couple of times I've done that when Todd Garfunkle (MA Recordings) has been there and it's nice to get a peek inside the curtain. 😄
Which reminds me, I'm long overdue for a visit.
All the best,
Nonoise