Global Wireless Microphone Market is estimated to reach US$ 3.2 Bn. by 2027, growing at a CAGR of 5.35% during forecast period of 2020 to 2027.
Market Definition:
A wireless microphone is a versatile device that broadcast sounds by converting sound waves into an electrical signal. It uses radio transmitter/ Wi-Fi networks or Bluetooth for communication and connectivity between receivers and transmitters, so that the user can move liberally and hand free. Wireless microphones are obtainable in numerous shapes and sizes, and offers, high mobility, high voice clarity and comfort as compared to wired microphones.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Market Dynamics:
The report comprises of worldwide Wireless Microphone Market in terms of revenue from various segments and detailed evaluation of the trends and factors that are playing substantial role in the market. These factors involve the drivers, restraints, opportunities and challenges for the key companies and stakeholders in the industry.
The market for wireless microphones is considerably driven by intense investments in R&D for wireless increasing acceptance for smartphones and other portable devices also, increasing demand in training & online education and growing use of wireless microphones in commercial areas such as call centers, events, shows and others wed chat services are driving the market growth. Furthermore, Wireless microphones have several advantages and are used over Wire microphones because of flexibility, unrestricted movement, hands-free operation. Additionally, increasing internet of things (IOT), rapid advancements in technology and ease of accessibility is further expected to propel market growth at a significant rate. Also, Increasing demand in various sports events such as World Cup, Olympics etc. is another dynamic factor further growing the market.
However, since these devices work on battery and frequency long-distance and longtime use can cause an adverse effect and disable hearing ability hence, hinder the growth further, availability of 7A quality product hamper the market growth. Also, certain barriers such as stringent regulations, high cost related and battery efficiency problem are few many factors estimated to restrain the market growth.
Opportunities and trends:
• The existing trend witnessed in the market is increasing demand for smart watches, flexible wearable, and flexible displays, are another factor predictable to further support the growth of the market. Growing acceptance in smart applications for flexible electronics is likely to present the rewarding business opportunity to main companies and vendors in the market globally over the next 10 years.
• The volatile growth of smartphones and other wireless devices have negative hamper on the spectrum allocation subsequent resulting in the short of the same, leading to certain interference and intervention in the signals disturbing connection faults.
With the sustainable growth of IOT devices, the 2.4GHz spectrum is also set to witness prominent shortage which can negatively impact the wireless microphone market growth during 2020-2027 .
Global Wireless Microphone Market: Market Segmentation:
The report covers competitive analysis of the Wireless Microphone Market in each of the geographical segments thereby providing insight into a market share at the macro as well as micro levels.
On the basis of product type, the handheld segment is leading the global wireless microphones market in 2019, with more than 50% of the revenue over the market share of 38.5%. As per statistics, U.S generated US$ 380 Mn alone, in 2016. The handheld segment is dominated by the increasing demand of these devices in conferences, public speaking events, music events and lectures etc. furthermore, unrestricted movement, Low cost, setup flexibility, and reliability are the other factors maintaining its dominance.
In terms of End- User, Corporate is the largest segment and valued to be USD 693.3 million. The increasing requirement of wireless Microphone device has empowered its usage in corporate enterprises for communication purposes. This trend is growing to increase in developing regions like the Asia Pacific and Latin America where companies use wireless Microphone device for internal as well as external communications and are increasingly operating on a global level.
Global Wireless Microphone Market: Regional analysis
North America’s Wireless Microphone Market was valued at US$ 750 Mn in 2019 and is expected to reach a value of US$ 2215 Mn by 2027, with a CAGR of 17.2%. North America is the largest market and accounted to dominate the market with nearly 40% share in terms of Wireless operator/subscriber where T-Mobile, Verizon, and Sprint are major operators in the U.S, because of the growing industry, rapid acceptance of technologies, well-established infrastructure for media & entertainment sector and educational various application of Wireless Microphone raise the demand also, presence of prominent key player takes a major role in Wireless Microphone Market growth.
However, Asia is projected to have the highest CAGR of 8.4% during the forecast because of the growing acceptance of advance technology and growing vendors in countries like China & Japan is expected to emerge over the forecast.
Competitive Analysis: Global Wireless Microphone Market:
These market players in the Wireless Microphone Market have implemented various strategies such as acquisition, joint ventures, collaborations, expansions Product launches and other crucial aspects to lessen the competition in the competitive landscape
Some of the key players in wireless microphone market share include Sennheiser Electronic Gmbh Co, Samson Technology Corp, Audio-Technica Corporation, Sony Corporation, and so on.
Key Developments in the Market: Acquisitions & Product Launches
• In July 2018, for entry into the high fidelity audio equipment market, Logitech proclaimed the acquisition of Blue Microphone.
• In February 2018, for cutting edge digital RF equipment technology, Sound Devices, LLC took over Audio Ltd., a UK-based manufacturer company.
• In September 2019, Saramonic, launched Saramonic Blink 500 system, a 2.4GHz wireless clip-on lavalier microphone system
for more information visit https://www.maximizemarketresearch.com/market-report/global-wireless-microphone-market/54337/
Scope of the Global Wireless Microphone Market:
Global Wireless Microphone Market, By Type
• Handheld
• Handwom
• Clip-on
• Others
Global Wireless Microphone Market, By Technology
• Wi-Fi Band
4GHz
6GHz
5GHz
• Radio Frequency Channel
Single channel
Dual channels
Multi channels
• Radio Frequency Band
540 MHz- 680 MHz
721 MHz- 750 MHz
823 MHz- 865 MHz
Global Wireless Microphone Market, By Application
• Residential
• Commercial
Global Wireless Microphone Market, By End user
• Corporate usage
• Entertainment
• Education
• Hospitality
• Sporting Events
• Military/Defense
• Others
Global Wireless Microphone Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Global Wireless Microphone Market, key Players
• Sennheiser Electronic
• Apple
• Koninklijke Philips
• Harman International Industries
• Bose
• Sony
• Sonos
• VOXX International
• VIZIO
• Blue Microphones
• AAC Technologies Holdings Inc. (China)
• Robert Bosch GmbH (Germany)
• BSE (South Korea)
• Cirrus Logic Inc. (U.S.)
• Goertek (China)
• Hosiden Corporation (Japan)
• InvenSense, Inc. (U.S.)
• Knowles Corporation (U.S.)
• STMicroelectronics N.V. (Switzerland)
• Shandong Gettop Acoustic Co. Ltd. (China)
• Shure Incorporated
• Audio-Technica
• AKG
• MIPRO
• BBS
• Yamaha
• Samson
• Sony
• Takstar
• SUPERLUX
• Rode Microphones
• InMusic Brands
• LEWITT
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Address : Pune, Maharashtra 411051, India.
Contact: +919607195908
The Global Wireless Microphone Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Wireless Microphone Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/1575-wireless-microphone-market-reportThe report also covers the complete competitive landscape of the global Wireless Microphone market with company profiles of key players such as: SennheiserShure IncorporatedAudio-TechnicaAKGMIPROBBSYamahaSamsonSonyTakstarSUPERLUXRode MicrophonesLaneInMusic BrandsAudixLEWITTThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeHandheldClip-onOtherBy ApplicationPerformanceEntertainmentClass/TrainingConference/MeetingOtherBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Wireless Microphone Market @ https://www.decisiondatabases.com/contact/download-sample-1575The Global Wireless Microphone Market has been exhibited in detail in the following chapters –Chapter 1 Wireless Microphone Market Preface Chapter 2 Executive SummaryChapter 3 Wireless Microphone Industry AnalysisChapter 4 Wireless Microphone Market Value Chain AnalysisChapter 5 Wireless Microphone Market Analysis By TypeChapter 6 Wireless Microphone Market Analysis By ApplicationChapter 7 Wireless Microphone Market Analysis By GeographyChapter 8 Competitive Landscape Of Wireless Microphone CompaniesChapter 9 Company Profiles Of Wireless Microphone IndustryPurchase the complete Global Wireless Microphone Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-1575Other Reports by DecisionDatabases.com:Global Wireless Test Equipment Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Wireless Mouse Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Wireless Charging Pad Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
