Overview and Scope
A wireless microphone system transmits the user’s voice wirelessly to its receiver, which is positioned in the sound system. There is no physical cable connecting a wireless microphone to the amplifying equipment. Wireless microphones convert audio signals generated by microphones into radio signals transmitted over the air by a transmitter to a receiver.
Sizing and Forecast
The wireless microphone market size has grown strongly in recent years. It will grow from $1.9 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to entertainment industry growth, diversity receivers, wireless connectivity, regulatory changes, live events and conferences.
The wireless microphone market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to 5g network expansion, remote work and virtual events, emerging markets, byod (bring your own device), ai and smart microphones. Major trends in the forecast period include digital wireless technology, increased spectrum efficiency, diversity receivers, advanced noise cancellation, wearable microphones.
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The wireless microphone market covered in this report is segmented –
1) By Type: Handheld, Clip-on, Other Types
2) By Technology: Bluetooth, WI-FI, Radio Frequency, Other Technologies
3) By Application: Performance, Entertainment, Class/Training, Conference/Meeting, Other Applications
4) By End User: Government, Educational institutions, Entertainment, Consumers, Enterprises, Others End Users
North America was the largest region in the wireless microphone market in 2023. Asia-Pacific is expected to be the fastest-growing region in the wireless microphone market report during the forecast period. The regions covered in the wireless microphone market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising demand for consumer electronics is expected to propel the growth of the wireless microphone market going forward. Consumer electronics (CE) refers to any electronic device designed to be purchased and used by end users or consumers for non-commercial or professional purposes daily. Consumers increasingly use wireless microphones in various applications such as sports, concerts, interviews, and creating YouTube videos, where mobility is critical as it enables the user’s voice to be transferred wirelessly to the sound system’s receiver. For instance, in 2021, according to a market figure published by GFU Consumer and Home Electronics GmbH, a Germany-based consumer electronics company, the consumer electronics segment is up 2.5% with 30.5 billion Euros in sales in 2021. Additionally, the segment of IT goods for private use grew positively, increasing by 3.1% to 8.5 billion euros. Therefore, the rising demand for consumer electronics is driving the growth of the wireless microphone market.
Key Industry Players
Major companies operating in the wireless microphone market include Yamaha Unified Communications Inc., Sony Electronics Inc., Sennheiser electronic GmbH & Co. KG, Shure Incorporated, Audio-Technica Corporation, RØDE Microphones, LEWITT GmbH, Cirrus Logic Inc., Lectrosonics Inc., Saramonic International Co Ltd, TONOR, Phenyx Pro, Honeywell Home and Building Technologies, Crestron Electronics Inc., Harman International Industries Inc, JBL Professional, MIPRO Electronics Co. Ltd., AKG Acoustics GmbH, Rode Wireless Go, Samson Technologies Corp, Electro-Voice RE3, Heil Sound Ltd., Beyerdynamic GmbH & Co. KG, Line 6 Inc., Nady Systems Inc., Chord Electronics Ltd., Amber Technology, Alto Professional
The wireless microphone market report table of contents includes:
1. Executive Summary
2. Wireless Microphone Market Characteristics
3. Wireless Microphone Market Trends And Strategies
4. Wireless Microphone Market – Macro Economic Scenario
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31. Global Wireless Microphone Market Competitive Benchmarking
32. Global Wireless Microphone Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wireless Microphone Market
34. Wireless Microphone Market Future Outlook and Potential Analysis
