The global wireless microphone market reached a value of US$ 2.62 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.7 Billion by 2027 exhibiting a CAGR of 5.50% during 2022-2027.
A wireless microphone, also known as a cordless microphone, is a device connected directly to the sound recording or amplifying equipment without using a cable. It has a small, battery-powered radio transmitter, which transmits the audio signal from the microphone using radio waves to a nearby receiver unit. Wireless microphone usually relies on ultra-high frequency (UHF) and very high frequency (VHF) frequency bands, offering enhanced connectivity, flexibility, and convenience to the users. As a result, it is extensively used in concerts, podcasting, public speaking events, and TV and filmmaking.
Base Year: 2021
Forecast Year: 2022-2027
Wireless Microphone Market Trends and Drivers:
The market is primarily driven by the increasing sales of consumer electronics, such as tablets, laptops, and mobile phones. In addition, the growing application of podcasting in business-to-business (B2B) and business-to-consumer (B2C) represents another major key factor escalating the demand for wireless microphones worldwide.
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Besides this, with rapid urbanization and rising disposable income levels, individuals are increasingly spending on live programs and performances, such as sports events, comedy shows, and music concerts. This, coupled with the introduction of advanced product variants, such as handheld wireless microphones with innovative features for smart TVs, Karaoke systems, and wireless speakers, is positively influencing the market growth.
Furthermore, the increasing product adoption for creating engaging content on social media platforms is anticipated to propel market growth in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Wireless Microphone Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AKG Acoustics (Harman International Industries Inc.), Audio-Technica Corporation, Baltic Latvian Universal Electronics LLC (Logitech International S.A.), LEWITT GmbH, RØDE Microphones, Samson Technologies Corp., Saramonic International, Sennheiser electronic GmbH & Co. KG, Shure Incorporated, Sony Corporation and Yamaha Corporation. Inc.
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The report has segmented the market on the basis of region, type, technology and end user
Breakup by Type:
Breakup by Technology:
- Radio Frequency
Breakup by End User:
- Sporting Events
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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