Wireless Microphone Market Forecast to 2030
The "Global Wireless Microphone Market" research by Emergen Research is a thorough compilation of analytical data regarding the Wireless Microphone sector. The research contains a market segmentation for Wireless Microphone as well as a thorough evaluation of the market's size (both in terms of volume and value). The study analyzes the present Wireless Microphone market and provides a detailed prediction for the years 2022–2030.
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 revenue growth in the market. Efficiency and durability of wireless devices have led to 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 while still being flexible, which is driving wireless microphone market growth. The wireless microphone kit has the ability to free hands, which meets the demands of a lot of stage performers and helps them 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 global Wireless Microphone market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Wireless Microphone industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Shure Europe, Roland Corporation, Sonos, Inc., Plantronics, Inc., Knowles Electronics, LLC., Audio-Technica, Bogen Communication LLC., Crestron Electronics, Inc., Goetek, GoPro Inc
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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.
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
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
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)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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