Wireless Microphones Market Outlook 2031
The global wireless microphones market size was valued at USD 1.81 billion in 2022 and is projected to reach USD 3.66 billion by 2031 at a CAGR of 8.15% during the forecast period, 2023 to 2031. The growth of the market is attributed to its drivers such as growing use of consumer electronics products in podcasting, public speaking, entertainment, and television broadcasting.
Wireless microphone is a microphone without a physical cable connection. It is connected directly to the sound recording equipment. Wireless microphone is also known as radio microphone and it has a small battery - powered radio transmitter in the microphone body. It transmits the audio signal from the microphone by radio waves to a nearby receiver unit, which recovers the audio.
These microphones are portable and can record or broadcast sound freely. Wireless microphones use radio signals to communicate between the transmitter and the receiver. Increasing sponsorship in sports activities is projected to drive the wireless microphone market. These microphones are used for announcement and commentary purpose. Use of these products in government infrastructure for communication is expected to boost the market during the forecast period.
Wireless Microphones Market Trends, Drivers, Restraints, and Opportunities
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Rise in sports events worldwide is estimated to boost the market.
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Rapid growth of television and radio industry is the major factor fueling the market during the forecast period.
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Frequency policies by governments and battery issues act as major factors that hinder the market growth.
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Wireless devices are cost effective as they reduce the cost of cabling, this in turn drives the market.
Scope of Wireless Microphones Market Report
The report on the global wireless microphones market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Wireless Microphones Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Handheld Wireless Microphone, Clip-on Wireless Microphone, and Others) and Applications (Residential and Commercial)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Sennheiser Electronic, Apple, Koninklijke Philips, Harman International Industries, Bose, and Shure, Sony, Sonos, VOXX International, VIZIO, and Blue Microphones.
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Wireless Microphones Market Segment Insights
The handheld wireless microphone segment estimated to hold major market share
Based on types, the global wireless microphones market is segregated into handheld wireless microphone, clip-on wireless microphone, and others. The handheld microphones segment was valued at USD 1273.9 billion in 2019. Handheld devices are used for several applications such as public speaking events, lectures, and music events. Growth of the segment is attributed to its low cost and reliability.
The clip-on segment is projected to expand at a robust CAGR during the forecast period. Growth of the segment is attributed to features such as light weight and portability. The rise in public speaking events is anticipated to boost the clip-on device market.
The commercial segment is projected to expand at a rapid pace
On the basis of end-users, the global wireless microphones market is bifurcated into residential and commercial. The commercial segment is estimated to hold major market share. Commercial use of wireless microphone includes sports, television, and radio podcast.
Sporting events is the fastest growing segment, registering a CAGR of 8.15% over the forecast period. The growth in sports events has surged the demand of microphone products for announcements, commentary, and speech purposes.
The market in North America is projected to hold a major market share
In terms of regions, the global wireless microphones market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is subjected to hold major share in the global microphones market. This is due to the presence of some leading industry participants such as Shure Incorporated, Sony Electronics, Inc., Samson Technologies Inc., Blue Microphones, and in Music Brands, Inc. in the region.
The market in Asia Pacific is expected to grow during the coming year as, the growing media and sports industry in the region is expected to propel the market. Furthermore, increasing trend of video logging in the region has enabled the adoption of RF-enabled products for effective sound recording.
Segments
The global wireless microphones market is segmented on the basis of
Types
- Handheld Wireless Microphone
- Clip-on Wireless Microphone
- Others
End-Users
Regions
- Asia Pacific
- North America
- Latin America
- Europe
Key Players
Competitive Landscape
The global wireless microphones market is highly competitive and major market players include Sennheiser Electronic, Apple, Koninklijke Philips, Harman International Industries, Bose, Shure, Sony, Sonos, VOXX International, VIZIO, and Blue Microphones. The growing need of wireless equipment for communication purposes has enabled its usage in corporate enterprises. This has enabled the manufactures to make top notch wireless microphones and equipment’s to meet the market need.
