USD 1.59 billion
Wireless Microphone Market Size, Share, Growth Analysis, By Type(Handheld, Clip-on, Others), By Technology(Radio Frequency, Bluetooth, Wi-Fi, Airplay), By Application(Corporate, Entertainment, Sporting Events, Education), By Frequency(Ultra-high Frequency, Very High Frequency, 2.4 GHz, Others), By Distribution Channel(Online, Offline), By Region - Industry Forecast 2024-2031
Report ID:
SQSG45K2004 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
150
|Figures:
78
Wireless Microphone Market Insights
Global Wireless Microphone Market size was valued at USD 1.59 billion in 2019 and is poised to grow from USD 1.72 billion in 2023 to USD 3.02 billion by 2031, growing at a CAGR of 8.57% in the forecast period (2024-2031).
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.
US Wireless Microphone Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Clip-on
Fastest Growth
Clip-on
Growth Rate
8.57% CAGR
Global Wireless Microphone Market 2022-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
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Wireless Microphone Market Segmental Analysis
Wireless Microphone Market segmentation is based on type, technology, application, frequency, distribution channel and region. Based on type the Wireless Microphone Market is segmented into wireless microphone, handheld, clip-on, others. On the basis of technology, the Wireless Microphone Market is segregated into radio frequency, Bluetooth, wi-fi, airplay, Bluetooth + wi-fi, others. Based on application the Wireless Microphone 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 Wireless Microphone 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.
Wireless Microphone Market 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.
Wireless Microphone Market 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.
Global Wireless Microphone Market By Type, 2021 (%)
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Wireless Microphone Market Regional Insights
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.
Global Wireless Microphone Market By Geography, 2022-2028
- Largest
- Fastest
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Wireless Microphone Market Dynamics
Wireless Microphone Market Driver
- Growing attraction towards events and concerts is expected to drive the market in coming years
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.
- Technological innovations in the industry is facilitating the market growth
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.
Wireless Microphone Market Restraint
- The market operates on a very low profit margin as far as the chain of suppliers is concerned. Also the limitation to access spectrum is hindering the growth of the market. As a result of the shutdown of analog TV broadcasting, the governments of various geographies have auctioned off the rights over usage of large bands of the electromagnetic spectrum. These spectrums have been distributed among the mobile telecommunication operators and Wi-Fi services. This has created interference in the operation of Radio-Frequency microphones.
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Wireless Microphone Market Competitive Landscape
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.
Wireless Microphone Market Top Players Company Profiles
- Shure Incorporated
- Sennheiser Electronic GmbH & Co. KG
- Audio-Technica Corporation
- AKG Acoustics GmbH
- Rode Microphones
- Sony Corporation
- Samson Technologies Corp.
- Blue Microphones
- Electro-Voice (EV)
- Beyerdynamic GmbH & Co. KG
- Lectrosonics, Inc.
- TOA Corporation
- Line 6, Inc.
- MIPRO Electronics Co. Ltd.
- Yamaha Corporation
- Audio Ltd.
- Trantec Solids, Ltd.
- Revolabs, Inc.
- Peavey Electronics Corporation
- Anchor Audio Inc
Wireless Microphone Market Recent Development
- In April 2022, Sennheiser launched the XS wireless digital. It is a basic digital wireless microphone, according to the announcement from Audio-Technica and RP Tech India. As part of the agreement, RP Tech India will serve as the national distributor for the line of consumer headphones made by Audio-Technica.
- In November 2021, Yamaha CS-700 Video Sound Collaboration System-specific wireless extension microphone was unveiled by the Yamaha Corporation.
Wireless Microphone Key Market Trends
- The need for various types of wireless microphone-related items has expanded as the automobile industry becomes more automated. These products are utilised in telematics, controllers, power integrated devices, driver assistance systems, and global positioning systems (GPS). Electric vehicles (EVs) and driverless vehicles both use these components often. Thus, it is anticipated that increased demand for electric vehicles will accelerate product acceptance during the projection period. The manufacturing sector is undergoing a rapid transformation as a result of connected technology.
Wireless Microphone Market SkyQuest Analysis
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
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 1.59 billion |
| Market size value in 2031 | USD 3.02 billion |
| Growth Rate | 8.57% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Wireless Microphone Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Wireless Microphone Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wireless Microphone Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Wireless Microphone Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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