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.
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.
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.
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.
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 |
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.
The global wireless karaoke microphone market has been segmented on the basis of
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.
Some other reports from this category!