Wireless Microphone Market 2030 Growth Analysis Report on Trends, Future Demand, Top Important Companies, and 2022
Posted on 27 September, 2023 by Ravi Thakre
Global Wireless Microphone Market Forecast to 2030
The Global Wireless Microphone Market study includes a thorough analysis of market dynamics as well as historical and current data analysis. The report also discusses the key market growth drivers and restraining factors that are likely to affect market growth during the forecast period. The Global Wireless Microphone Market undertakes market scenario research to provide growth projections for the Wireless Microphone industry from 2022 to 2030. The analysis focuses on potential growth possibilities and difficulties that market leaders may run into during the forecast period. The study places a lot of emphasis on newly emerging business elements, specialized sectors, product launches, and brand promotions that are taking place in the market
The global wireless microphone market size was USD 1.60 billion in 2021 and is expected to register a revenue CAGR of 9.7% during the forecast period, according to the latest analysis by Emergen Research. The advent of different connected technologies with enhanced efficiency and the increase in adoption of next-generation consumer electronics are key factors driving market revenue growth.
In addition, the growing deployment of microphones for various applications is another factor driving the revenue growth of the market. The efficiency and durability of wireless devices have led to a noticeably increased audio quality for live event broadcasting, which is an essential part of the entertainment industry. Events such as Summerfest, Rock in Rio, and Sunburn have all attracted a sizable audience among the largest music events. These huge live events drive the need for high-quality sound that is fluid, enhanced, and effective yet flexible, which is driving wireless microphone market growth. A wireless microphone kit has the ability to free hands, which meets the demands of a lot of stage performers and helps them to sing, dance, and connect with the audience better. In addition, cordless headset microphones allow for greater mobility and lessen the risk of stumbling over cords. Moreover, for large-scale performances, it can also reduce the size, complexity, and cable runs, which are expected to drive market revenue growth.
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Competitive Terrain:
The global Wireless Microphone industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Shure Europe, Roland Corporation, Sonos, Inc., Plantronics, Inc., Knowles Electronics, LLC., Audio-Technica, Bogen Communication LLC., Crestron Electronics, Inc., Goetek, GoPro Inc
Research Report on the Wireless Microphone Market Addresses the Following Key Questions:
Who are the dominant players of the Wireless Microphone market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Wireless Microphone market?
What are the key growth drivers and restraining factors of the Wireless Microphone market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Wireless Microphone market and its key segments?
Market Overview:
The report bifurcates the Wireless Microphone market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
Micro-Electro-Mechanical System (MEMS) Microphone
Electret Condenser Microphone (ECMS)
Others
Technology Outlook (Revenue, USD Billion; 2019–2030)
Bluetooth
Radio Frequency
Bluetooth + Wi-Fi
Airplay
Wi-Fi
Others
Application Outlook (Revenue, USD Billion; 2019–2030)
Auditorium, Theaters, and Studios
Shopping Malls and Hotels Restaurants
Parking Lots, Airports, and Bus Stations
Education Institutes and Universities
Offices and Conferences Rooms
Sports Venues
Others
Regional Landscape section of the Wireless Microphone report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights From the Report
The Micro-Electro-Mechanical System (MEMS) microphone segment accounted for largest revenue share in 2021. Using MEMS processing, a pressure-sensitive diaphragm is etched into a silicon wafer to create a Micro-Electromechanical Systems microphone. Use of MEMS, which enables production of extra analogue and digital circuitry (preamplifiers, etc.) and places it in the same package as microphone transducer, has a number of benefits, including cost-effectiveness and temperature stability. MEMS microphones smaller packages are easier for "pick and place" PCB mounting equipment to handle and take up less space on board, which eventually results in manufacturing cost reductions. Consumer-grade goods that need microphones frequently employ MEMS microphones such as smartphones, laptops, and hearing aid. Furthermore, growing popularity of electronic devices is expected to drive revenue growth of this segment.
The Radio Frequency (RF) segment accounted for largest revenue share in 2021. Very High Frequency (VHF) or Ultra High Frequency (UHF) frequency bands are frequently used by wireless microphones, since they let the transmitter employ a small and discreet antenna. Cheap devices employ a set frequency, however, majority of equipment offers a selection of numerous frequency channels in case of channel interference or to support simultaneous use of several microphones. Since the performer moves, while doing a concert, some versions employ antenna diversity (two antennas) to avoid nulls from interfering with transmission, which is driving revenue growth of this segment.
The auditorium, theaters, and studios segment accounted for largest revenue share in 2021. Body mics are the most essential microphones in a theatrical performance. Performers wear these wireless mics, which offer a reliable close-mike pickup of them wherever they may be on stage, which is the key benefit of wireless mics over wired mics. Thus, there is a rising demand for wireless mics in theaters, which is driving revenue growth of this segment.
The Asia Pacific accounted for second-largest revenue share in 2021. China is a major supplier of both raw materials and finished goods. Asia is a worldwide hub for manufacturing and export of Technological Consumer Goods (TCG), including cellular phones, laptops and computers, sound systems, microphones, and other essential electronic equipment, as well as small and large household electronic appliances. Many of the world's biggest consumer electronics brands, including Mitsubishi, Toshiba, Panasonic, Sony, Nikon, and Hitachi, have their headquarters in Japan. Taiwan, on the other hand, is home to companies such as HTC, Acer, Asus, and Foxconn, world's top consumer electronics manufacturers. In addition, presence of key companies is contributing to market growth in this region. Thailand is one of the most popular locations for establishing consumer electronics assembly plants, with over 2,300 companies presently operating there, including Delta Electronics Thailand, Summit Electronic Components, Hana Microelectronics, Forth Corporation, and others.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Wireless Microphone market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets
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