USD 1.72 billion
Report ID: SQSG45K2004 | Region: Global | Published Date: December, 2022 | Pages: 165
Global Wireless Microphone Market size was valued at USD 1.72 billion in 2021, and it is expected to reach a value of USD 3.12 billion by 2028, at a CAGR of 8.9% over the forecast period (2022 - 2028).
Over the projected period, it is estimated that the use of consumer electronics goods would increase in podcasting, public speaking, entertainment, and television broadcasting. Microphones are a common feature of consumer electronics including smartphones, tablets, and smart watches. The need for microphones is directly impacted by the rising demand for these gadgets. Components for mobile phones and tablets must be tiny, thin, and power-efficient. The majority of smartphones have used MEMS microphones for the past few years since they are the best fit for their needs. There were more than 1.4 billion smartphones shipped worldwide. Other next-generation consumer electronics are starting to incorporate microphones more frequently.
Radio signals are used by wireless microphones to send and receive information. Since receivers are usually sold alongside wireless microphones by manufacturers, this paper examines receivers and wireless microphones together. It has a transmitter and receiver and operates in the very high frequency (VHF) or ultra-high frequency (UHF) bands, which allow the transmitter to employ a discrete antenna. Both Bluetooth and Wi-Fi are options for connecting them. It is often used in public speaking, the entertainment business, and television broadcasting. Since they let the transmitter employ a small, discreet antenna, the VHF or UHF frequency bands are typically used by wireless microphones.
Global Market Size
USD 1.72 billion
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The global wireless microphone market segmentation is based on type, technology, application, frequency, distribution channel and region. Based on type the market is segmented into wireless microphone, handheld, clip-on, others. On the basis of technology, the market is segregated into radio frequency, Bluetooth, wi-fi, airplay, Bluetooth + wi-fi, others. Based on application the market is segmented into corporate, entertainment, sporting events, education, hospitality, others. Based on frequency the market is segmented into ultra-high frequency, very high frequency, 2.4 GHz, and others. Based on distribution channel the market is segmented into online, and offline. Based on region the global wireless microphone market is segmented into North America, Europe, Asia-Pacific and Rest of the world.
Analysis by Type
Over the projected period, the clip-on sector is anticipated to increase at the fastest rate. The rise might be attributable to clip-on microphones' portability and light weight. Additionally, when using these tools, people can speak or participate in public speaking events with their hands free. The clip-on wireless microphone offers wireless digital audio thanks to the transmitter's enhanced RF performance, wide-tuning, and high-density mode. They are mostly utilized for hands-free applications in theatre, television, and public speaking.
Analysis by Application
The entertainment industry accounts for the largest share from the application segment. The increasing use of microphones in concerts and sports events as well as politics is expected to bolster the growth of the market. The adoption of cordless microphone is also extensively rising in the industries like retail, transport and government sector. Also, the education sector is expected to hold the lucrative segment of the market within the forecast period.
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Over the course of the forecast period, North America is anticipated to hold the greatest market share in the wireless microphone industry, followed by Europe. It is anticipated that the market would expand in tandem with Northern America's expanding entertainment and media sector. One of the main growth drivers for the wireless microphone market in the North American region is the rise in the deployment of smart traffic management systems in a number of North American nations, including the U.S., Canada, and Mexico, to handle the traffic-related problem.
The wireless microphone market in Asia-Pacific is dominated by China. According to projections, the growth of the entertainment sector, podcasting, public speaking, and other events will fuel demand in this area. The national portion of the research also lists specific market-impacting elements and modifications to market regulation that have an effect on the market's present and future developments.
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The growing number of corporate events, concerts, sporting events, and festivals is driving up demand for effective, dependable sound systems with excellent audio quality. In order to offer the broadcasting studios with live reporting in response to specific breaking news, TV news reporters look for ways to travel to the appropriate locations at any time of the day. As they provide a two-way wireless communication between the reporters and the cameramen, these mics are the greatest tools for these reporters. As a result, the media and entertainment industries are seeing significant growth in the use of talkback, wireless cameras, and radio mics. These are versatile in addition to being portable.
As the market is witnessing numerous technological innovations, it is bound to be a driving factor. It results in enhanced user-experience, ease of operation and offers customization as well. Therefore the advancements are promoting the market in a positive direction.
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The market for wireless microphones is massively competitive and has players spread across various parts of the world. Key players are undergoing mergers and acquisitions to surpass the boundaries and extent beyond their current presence. For instance, Audio-Technica had partnered with RP tech India with intention to become the national distributor of headphones manufactured by Audio-Technica.
Top Players Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the Global Wireless Microphone Market segmentation is based on Type, Technology, Application and Region. . Over the projected period, the clip-on sector is anticipated to increase at the fastest rate. The entertainment industry accounts for the largest share from the application segment. The increasing use of microphones in concerts and sports events as well as politics is expected to bolster the growth of the market. Also it is anticipated that the market would expand in tandem with Northern America's expanding entertainment and media sector. One of the main growth drivers for the wireless microphone market in the North American region is the rise in the deployment of smart traffic management systems
|Market size value in 2021||USD 1.72 billion|
|Market size value in 2028||USD 3.12 billion|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Wireless Microphone Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Wireless Microphone Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Wireless Microphone Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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