The ECU research project, conducted on behalf of WA Music (WAM), found the industry creates thousands of jobs and was worth almost $1 billion to the state economy.
WAM chief executive Mike Harris said the WA music scene continued to do well when compared to the rest of the country.
“The WA contemporary scene is undoubtedly successful but talent also runs deep,” he said.
Get in front of tomorrow's news for FREE
Journalism for the curious Australian across politics, business, culture and opinion.
READ NOWMORE: Night Hoops program wins grant
“We have local musicians representing our state all over the world and just one example is Tame Impala performing to a crowd of over 135,000 as one of the headline acts at this year’s Glastonbury Festival.
“This puts WA on the map internationally and you can’t put a price on that type of exposure.”
WA musician Davey Craddock, who is performing in Fremantle this month, said the Perth music scene was “incredibly supportive and very diverse”.
“There’s always someone available on the phone or email if you need advice because I think everyone realises that the growth of the industry will benefit all of us,” he said.
“I think it’s important to distinguish between the different levels and parts of the industry – there are acts with significant international and national careers based here and then there’s also a strong grassroots independent original music scene.
“Both of these ‘levels’ seem to be going well. Perth’s a great place to develop your act and then, if the opportunity arises, export it.”