Report Description
The global wireless karaoke microphone market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX% during 2023–2031. Increasing demand for the usage of miniaturized microphones in medical and wearables electronics is projected to drive the market during the forecast period.
Wireless karaoke microphone is a device used for singing and recording music. It is used in pubs, cafes, and clubs for entertainment. Karaoke microphone is used for refreshing moods, in-house or corporate parties. As per the study at Harvard, singing propels pleasurable sensation that causes the release of dopamine. Impact of karaoke lowers blood pressure, heart rate, and breathing rate and lessens stress, pain, and anxiety.
The research report finds that the COVID-19 pandemic has affected several industries. The pandemic led to a lockdown and supply chain disruption. Entertainment industry witnesses monetary effects as people use entertainment devices such as mobile, tv, portable DVD, video games, and karaoke microphone to uplift their mood. Thus, the wireless karaoke microphone market holds a significant market share during the pandemic.
Wireless Karaoke Microphone Market Dynamics
Major Drivers
Rising number of live events and karaoke parties is expected to boost the market during the forecast period. People attending live sporting events globally and is anticipated to boost the demand for audio and video recording devices.
Existing Restraints
Complexity and design of high-efficiency microphones are anticipated to hamper the market in the coming years. Three main types of microphones include condenser, dynamic, and ribbon. Dynamic and condenser types of microphones are generally used in a home setup.
Emerging Opportunities
Technological advancements in wireless microphones are anticipated to create lucrative opportunities for market players. Wireless microphones use the UHF or VHF frequency bands as they allow the transmitter to use a small unobtrusive antenna.
Scope of the Wireless Karaoke Microphone Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
|
Details
|
Report Title
|
Wireless Karaoke Microphone Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
Base Year
|
2022
|
Historic Data
|
2016–2021
|
Forecast Period
|
2023–2031
|
Segmentation
|
Application (Commercial and Personal)
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
|
Key Players Covered in the Report
|
The Platinum; ARCHEER; MI; Changba; Takstar; Singing Machine; Philips; BONAOK; and Apple
|
Wireless Karaoke Microphone Market Segment Insights
Based on application, the market is divided into commercial and personal. The personal segment is expected to hold a significant share of the market in the coming years. Wireless karaoke microphone is used in private and house parties. It offers freedom of movement to the vocalist. The commercial segment accounts for a significant market share. Wireless karaoke microphone is used in various cafes, pubs, and restaurants. It is a portable technology used in various celebrations.
In terms of region, the global wireless karaoke microphone market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the forecast period, owing to rising awareness of karaoke machines and increasing participation in live events. The market in North America is anticipated to expand at a rapid pace during the forecast period, due to the increasing inclination for leisure activities in the region.
Segments
The global wireless karaoke microphone market has been segmented on the basis of
Application
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- The Platinum
- ARCHEER
- MI
- Changba
- Takstar
- Singing Machine
- Philips
- BONAOK
- Apple
Competitive Landscape
Key players competing in the global wireless karaoke microphone market are The Platinum; ARCHEER; MI; Changba; Takstar; Singing Machine; Philips; BONAOK; and Apple.
Key players are actively participating in partnerships, mergers, collaborations, and launches and witness significant growth. For instance,
In August 2021, HARMAN Professional Solutions, a leading manufacturer, introduced JBL Commercial CSSM100 studio condenser microphone in India. This microphone is available through e-commerce platforms. It is suitable for all solutions, be it prosumers, professionals, or amateurs.
In January 2022, Tesla launched a microphone for its in-car karaoke system, called TeslaMic. This product is currently only available in China. The company has also launched software updates to incorporate the hardware better. The microphone is also compatible with Leishi KTV, which is a karaoke system. The microphone pairs automatically with systems having a few sound modes, which are outside Tesla vehicles. The company demonstrated the software update on its Weibo account. The company plans to launch this system to other countries.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wireless Karaoke Microphone Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wireless Karaoke Microphone Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wireless Karaoke Microphone Market - Supply Chain
4.5. Global Wireless Karaoke Microphone Market Forecast
4.5.1. Wireless Karaoke Microphone Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wireless Karaoke Microphone Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Wireless Karaoke Microphone Market Absolute $ Opportunity
5. Global Wireless Karaoke Microphone Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Wireless Karaoke Microphone Market Size and Volume Forecast by Applications
5.3.1. Commercial
5.3.2.
Personal
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Wireless Karaoke Microphone Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Wireless Karaoke Microphone Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Wireless Karaoke Microphone Demand Share Forecast, 2019-2026
7. North America Wireless Karaoke Microphone Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Wireless Karaoke Microphone Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Wireless Karaoke Microphone Market Size and Volume Forecast by Applications
7.4.1. Commercial
7.4.2.
Personal
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Wireless Karaoke Microphone Demand Share Forecast, 2019-2026
8. Latin America Wireless Karaoke Microphone Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Wireless Karaoke Microphone Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Wireless Karaoke Microphone Market Size and Volume Forecast by Applications
8.4.1. Commercial
8.4.2.
Personal
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Wireless Karaoke Microphone Demand Share Forecast, 2019-2026
9. Europe Wireless Karaoke Microphone Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Wireless Karaoke Microphone Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Wireless Karaoke Microphone Market Size and Volume Forecast by Applications
9.4.1. Commercial
9.4.2.
Personal
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Wireless Karaoke Microphone Demand Share Forecast, 2019-2026
10. Asia Pacific Wireless Karaoke Microphone Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Wireless Karaoke Microphone Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Wireless Karaoke Microphone Market Size and Volume Forecast by Applications
10.4.1. Commercial
10.4.2.
Personal
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Wireless Karaoke Microphone Demand Share Forecast, 2019-2026
11. Middle East & Africa Wireless Karaoke Microphone Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Wireless Karaoke Microphone Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Wireless Karaoke Microphone Market Size and Volume Forecast by Applications
11.4.1. Commercial
11.4.2.
Personal
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Wireless Karaoke Microphone Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Wireless Karaoke Microphone Market: Market Share Analysis
12.2. Wireless Karaoke Microphone Distributors and Customers
12.3. Wireless Karaoke Microphone Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. The Platinum
12.4.2.
ARCHEER
12.4.3.
MI
12.4.4.
Changba
12.4.5.
Takstar
12.4.6.
Singing Machine
12.4.7.
Philips
12.4.8.
BONAOK
12.4.9.
Goodaaashop
12.4.10.
Apple