The team of analysts at Emergen Research meticulously compiled the new study titled "World Wireless Microphone Market" with the reader's comprehension in mind. It also contains a sizable database of industry distribution. In order to forecast the global Wireless Microphone Market outlook throughout the forecast period, the study considers historical and current market circumstances (2022-2030). The elements influencing the industry's overall growth were highlighted by researchers who used a thorough approach to the examination of the worldwide market. The research examines the strengths, weaknesses, opportunities, and threats related to the growth of distinct market segments using powerful analytical methods including SWOT analysis and Porter's Five Forces.
According to the most recent analysis by Emergen Research, the global wireless microphone market had a value of USD 1.60 billion in 2021 and is predicted to grow at a rate of 9.7% during the forecast period. Advent of different connected technologies with enhanced efficiency and increase in adoption of next-generation consumer electronics are key factor driving market revenue growth.
Another factor boosting the market's revenue growth is the expanding deployment of microphones for a variety of applications. The efficiency and dependability of wireless technology have resulted in a noticeably improved audio quality for live event broadcasting, a crucial component of the entertainment sector. Events, such as Summerfest, Rock in Rio, and Sunburn have all attracted a sizable audience among the largest music events. These huge live events drive need for high-quality sound that is fluid, enhanced, and effective yet being flexible, which is driving wireless microphone market growth. Wireless microphone kit has the ability to free hands, which meets demands of a lot of stage performers and helps them to sing, dance, and connect with the audience better.
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Competitive Terrain:
The global Wireless Microphone industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
Shure Europe, Roland Corporation, Sonos, Inc., Plantronics, Inc., Knowles Electronics, LLC., Audio-Technica, Bogen Communication LLC., Crestron Electronics, Inc., Goetek, GoPro Inc
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Some Key Highlights From the Report
- The Micro-Electro-Mechanical System (MEMS) microphone segment accounted for largest revenue share in 2021. Using MEMS processing, a pressure-sensitive diaphragm is etched into a silicon wafer to create a Micro-Electromechanical Systems microphone. Use of MEMS, which enables production of extra analogue and digital circuitry (preamplifiers, etc.) and places it in the same package as microphone transducer, has a number of benefits, including cost-effectiveness and temperature stability. MEMS microphones smaller packages are easier for "pick and place" PCB mounting equipment to handle and take up less space on board, which eventually results in manufacturing cost reductions. Consumer-grade goods that need microphones frequently employ MEMS microphones such as smartphones, laptops, and hearing aid. Furthermore, growing popularity of electronic devices is expected to drive revenue growth of this segment.
- The Radio Frequency (RF) segment accounted for largest revenue share in 2021. Very High Frequency (VHF) or Ultra High Frequency (UHF) frequency bands are frequently used by wireless microphones, since they let the transmitter employ a small and discreet antenna. Cheap devices employ a set frequency, however, majority of equipment offers a selection of numerous frequency channels in case of channel interference or to support simultaneous use of several microphones. Since the performer moves, while doing a concert, some versions employ antenna diversity (two antennas) to avoid nulls from interfering with transmission, which is driving revenue growth of this segment.
- The auditorium, theaters, and studios segment accounted for largest revenue share in 2021. Body mics are the most essential microphones in a theatrical performance. Performers wear these wireless mics, which offer a reliable close-mike pickup of them wherever they may be on stage, which is the key benefit of wireless mics over wired mics. Thus, there is a rising demand for wireless mics in theaters, which is driving revenue growth of this segment.
- The Asia Pacific accounted for second-largest revenue share in 2021. China is a major supplier of both raw materials and finished goods. Asia is a worldwide hub for manufacturing and export of Technological Consumer Goods (TCG), including cellular phones, laptops and computers, sound systems, microphones, and other essential electronic equipment, as well as small and large household electronic appliances. Many of the world's biggest consumer electronics brands, including Mitsubishi, Toshiba, Panasonic, Sony, Nikon, and Hitachi, have their headquarters in Japan. Taiwan, on the other hand, is home to companies such as HTC, Acer, Asus, and Foxconn, world's top consumer electronics manufacturers. In addition, presence of key companies is contributing to market growth in this region. Thailand is one of the most popular locations for establishing consumer electronics assembly plants, with over 2,300 companies presently operating there, including Delta Electronics Thailand, Summit Electronic Components, Hana Microelectronics, Forth Corporation, and others.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Wireless Microphone market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Wireless Microphone market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Wireless Microphone market.
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Market Overview:
The report bifurcates the Wireless Microphone market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Type Outlook (Revenue, USD Billion; 2019–2030)
- Micro-Electro-Mechanical System (MEMS) Microphone
- Electret Condenser Microphone (ECMS)
- Others
- Technology Outlook (Revenue, USD Billion; 2019–2030)
- Bluetooth
- Radio Frequency
- Bluetooth + Wi-Fi
- Airplay
- Wi-Fi
- Others
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Auditorium, Theaters, and Studios
- Shopping Malls and Hotels Restaurants
- Parking Lots, Airports, and Bus Stations
- Education Institutes and Universities
- Offices and Conferences Rooms
- Sports Venues
- Others
Regional Outlook:
- North America (the U.S., Canada, Mexico)
- Europe (the U.K., Germany, France, Italy)
- Asia Pacific (India, China, Japan, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Wireless Microphone Market report:
- The latest report comprehensively studies the global Wireless Microphone market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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