The global wireless microphone market size is estimated to reach USD 3.51 billion by 2025, expanding at a CAGR of 5.9%, growing at a CAGR of 5.9%, according to a new study by Grand View Research, Inc. Technological proliferation such as Wi-Fi and Bluetooth enabled microphones are expected to drive the market growth over the forecast period.
The
evolving entertainment and media industry, mainly in developing regions such as
the Asia Pacific and Latin America, has fostered the demand for wireless
microphone products. These products are used for applications such as
television broadcasting, public speaking, podcasting, and performing arts. The
preference for wireless microphones has increased among consumers as these
microphones enable performers to move their hands freely, thereby increasing
comfort.
The
adoption of wireless microphones is anticipated to grow in the Asia Pacific
region. Global sports events such as the Summer Olympics 2020 and Winter
Olympics 2022 are scheduled to be organized in the region, which is presumed to
propel the demand for wireless microphones. Furthermore, the increasing
application of microphones in government infrastructure is expected to boost
the adoption of wireless microphones in the Asia Pacific region.
The
changing regulatory scenario of the wireless spectrum across regions including
North America and Europe is expected to propel the market growth. It enables
market participants to develop new products that comply with the new spectrum
regulations. Moreover, the new products are developed to provide features such
as efficient audio signal transmission and high output audio quality.
Prominent
& established industry players and new entrants collaborate with each other
for sharing expertise and resources. The market is highly competitive and major
companies are laying emphasis on retaining their market shares. Moreover, there
is a strong presence of small and local manufacturing companies in the market,
mainly in countries such as China and Japan.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/wireless-microphone-market
Wireless
Microphone Market Report Highlights
- The clip-on
segment is expected to emerge as the fastest-growing segment, registering
a CAGR of 6.8% over the forecast period. Increasing public speaking events
are encouraging the demand for this segment.
- The North
American region has announced changes in regulations wherein the use of
wireless frequency is restricted to below 600 MHz. Any device operating
above 600 MHz would be illegal.
- Radio
Frequency (RF) band is the fastest-growing segment, registering a CAGR of
7.5% over the next eight years. The RF band offers a large number of
frequency options that facilitate the selection of frequency depending on
the application.
- The Asia
Pacific is estimated to be the fastest-growing regional wireless
microphone market due to the growth of sports and entertainment events in
the region leading to an increase in demand for audio equipment
- Key industry
participants include AKG Acoustics, Audio-Technica Corporation, Blue,
LEWITT GmbH, Rode Microphones, Samson Technologies Inc., Sennheiser
Electronic GmbH & Co., Shure Incorporated, Sony Electronics, Inc., and
Yamaha Corporation, among others
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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