Global Wireless Microphone Market Forecast to 2030
The report, Global Wireless Microphone Market Research Report and Forecast to 2030, provides a detailed analysis of the global Wireless Microphone Market, including market size, market share, current and future trends, and the most recent technological breakthroughs. The research provides information on the regional and global competitive landscape of the Wireless Microphone Market along with a complete prognosis through 2030. The impact of the COVID-19 epidemic on the market for lead-free piezoelectric ceramic materials has been updated in the most recent research. It examines the impact of the epidemic on each region’s political and economic systems. It presents a present and projected view of the pandemic’s effects on supply chain disruptions and economic volatility.
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 latest analysis by Emergen Research. Advent of different connected technologies with enhanced efficiency and increase in adoption of next-generation consumer electronics are key factor driving market revenue growth.
In addition, growing deployment of microphones for various applications is another factor driving revenue growth of the market. 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 need for high-quality sound that is fluid, enhanced, and effective yet being flexible, which is driving wireless microphone market growth. Wireless microphone kit has the ability to free hands, which meets 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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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 Companies Profiled 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?
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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 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)
- Technology Outlook (Revenue, USD Billion; 2019–2030)
- Radio Frequency
- Bluetooth + Wi-Fi
- 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
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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)
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Wireless Microphone market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Wireless Microphone with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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