Wireless Microphone Market Research Report - Global Forecast to 2027

Wireless Microphone Market Research By Technology (Wi-Fi Band (2.4 GHz, 3.6 GHz and 5 GHz), Radio Frequency Channel (Single Channel, Dual Channel, Multi-Channel), Radio Frequency Band (540 MHz - 680 MHz, 721 MHz - 750 MHz, 823 MHz - 865 MHz)), Product Type (Handheld, Headwom, Clipper), Application (Entertainment, Education, Hospitality) - Forecast 2027

ID: MRFR/SEM/3171-HCR | February 2023 | Region: Global | 100 Pages         

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Wireless Microphone Market

wireless microphone market is a rise at a CAGR of 8.44% for the period between 2017 to 2023

Segmentation
By Technology Wi-Fi Band 2.4 GHz 3.6 GHz and 5 GHz
By Radio Frequency Channel Single Channel Dual Channel Multi-Channel
Key Players
Companies Profiled   Samson Technologies Inc. (US)    Audio-Technica Corporation (Japan)    AKG Acoustics (Australia)    Sennheisar Electric GmbH (Germany)    Rode Microphones (Australia)    Sony Electronics (US)    Yamaha Corporation (Japan)
Drivers
Market Driving Forces   Feasibility to operate through mobile devices such as smartphone and laptop
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Wireless Microphone Market Size and Report Overview:


Globally, the size of wireless microphone market is set to grow at a CAGR of 7%, estimated to reach USD 88 Billion by 2027 driven by the wireless microphone market growth highly depends on the growing event management business.Inferable from the amusement and media industry significantly, the market is taking over new jumps every so often. There is a predictable interest in the results of this specialty in the worldwide market. That market has not been impacted much by the new improvements in the world business situation. Different industry verticals utilize the offices of the remote receiver.


As the name proposes, the mouthpiece which doesn't need a link or string to interface with the beneficiary or intensifier gadget is a remote amplifier. It is a little battery-fuelled gadget that communicates sound waves to the beneficiary through a little radio transmitter that stays inside it.


The worldwide Wireless Microphone industry is vigorously dependent on the telecom and media creation market, public help areas, wearing and other amusement occasions, etc. Remote receivers are a superior, effective, and adaptable option compared to the standard mouthpieces on the lookout.


A famous market for remote receivers is the live occasion industry from one side of the planet to the other. Different stage shows, shows, live exhibitions, games, and so on are the greatest market pusher for remote amplifiers.


The board business is one of the quickest developing organizations on the planet. The market is expanding quickly, yet it is also producing a great deal of work and income for auxiliary enterprises. The remote amplifier market development profoundly relies upon the developing occasion of the executive's business.  


COVID-19 Analysis:


The impact of the COVID-19 pandemic has a multi-faceted effect on the lives of people. Most of the major countries and thriving economies have faced dire losses and slower growth in the last year. Since the pandemic has emerged in the market, it has become extremely difficult for the wireless microphone system manufacturers to carry on production amidst the lockdowns. Due to lockdowns, the economies of several countries have taken a terrible shape in the post-pandemic years. Investments have been reduced to multiple core industries, which unquestionably have contributed to the lowering of the wireless microphone business.


Although, in the lockdown period, major public administration and authorities have chosen the path to aware people through audio communication in the streets. Patrolling Cops have been regularly seen in the streets providing important information to the people from a safe distance. These public service initiatives have included increased use of wireless microphones.   


Wireless Microphone Market Dynamics:


Market Drivers:


A popular market for wireless microphones is the live event industry all over the world. Various stage shows, concerts, live performances, sporting events, etc are the biggest market pusher for wireless microphones. The event management industry is one of the fastest-growing businesses in the world. Not only the market is expanding fast, but it is generating a lot of employment and revenue for subsidiary industries as well. The wireless microphone market growth highly depends on the growing event management business. Especially the live events are a key contributor in the industry. The live events have an immense global popularity, which is growing with time. 


Also, a significant market stimulus is the live recording and broadcasting segments. Everywhere in the world, there grows the importance of the live programs because it is engaging to a lot of audiences. Typically, a live show on the television, radio, or internet fetches almost twice more an audience than the recorded shows. The microphone market is getting full advantage of these trends. 


Market Opportunities:


With the rise of the internet, online shows and events are becoming a hot favorite for consumers. The online music videos or events get millions of views, shares, and a huge engagement. That segment is a golden opportunity for wireless microphones. Modern devices like wireless Bluetooth microphones are a top preference for online content creators, podcasters, video hosts, etc. Especially after premium streaming platforms came along, there is a huge increase in the online on-demand-video segment. Potential end-users like stand-up comedians, motivational speakers, etc are a growing opportunity for the market to expand. 


Highspeed low-cost internet facilities, wi-fi, and other enabling factors are encouraging audiences to turn towards digital more and more. The video-on-demand phenomenon has been a steady audience multiplier for the streaming platforms. Dedicated music studio shows, exclusive events, are generating maximum revenues off the online market. USB wireless microphone, computerized receiving systems, etc are going to win a lot of acceptance from the content creators in the online media.     


Market Restraints:


The road to market growth is not without thorns for wireless microphone devices. There are stringent regulations on the decibel levels, sound pollution from several Governments of the world. There are regulations on the availability of excessive high-frequency devices as well. Also, electronic wireless microphones for computers face the challenge of non-advanced noise-sensitivity levels. This leads to unsatisfied consumers which later decreases the demand further. Also, battery efficiency is a critical issue for the devices. Apart from few top-notch branded products, there is no standardization regarding batteries in the market.


A notable complaint from the consumer-ends is that there is a gap between noise sensitivity, battery consumption, and noise levels in the presently available microphones. These kinds of issues can damage the reputation of the brands in futuristic market conditions. The microphone market growth gets affected by these factors. Consumers expect satisfactory experiences from the products they use. It is a challenge in front of the market also to cope up with the shortcomings as well.     


Market Challenges:


Advancements in the technology front aren’t always good for consumer products. While the wireless microphone headsets may have good sync with internet-based devices and smartphones, it is not the case with the bigger microphones at all. The innovation of IoT (internet of things) devices has been giving challenges to the microphone industry also. In the present outlook, more and more devices are getting infused with in-built audio and recording systems. This capability of smartphones and other smart devices can be a looming threat against microphone devices. The 2.4 GHz spectrum of wireless microphones can face severe challenges after the mainstreaming of IoT devices. 


To cope up with the threat, the manufacturers have to work on the shortcomings of the devices. Wireless headphones are popular with microphones because of their compatibility with digital and indoor smart devices. The increasing number of indoors-man is a critical point to evaluate for the market expert.   


Cumulative Growth Insights:


Despite the challenges and market threats, wireless microphones have been able to manage a steady growth for the last couple of years. According to the wireless microphone market forecast, the industry share is growing at a CAGR of 7% for the forecast period of 2020 to 2027. The estimated market valuation will reach USD 88 billion by the end of 2027. The market trends needs to focus on the potential and growing end-user industries also. 


For instance, the internet-based video-on-demand segment is growing at a CAGR of 7% for the forecast period of 2020-2027. It is considered one of the fastest-growing industries to reach a market valuation of USD 88 billion for the forecast period. The wireless microphone Industry trends suggest tremendous growth opportunities for the market in the future.   


Value Chain Analysis:


The distribution channels for wireless microphones are diverse and interrelated. The devices are sold in retail markets, exclusive branded showrooms, online eCommerce platforms, and in supermarkets as well. Having a close tie with the entertainment industry, the wireless microphone market needs to maintain a cordial balance of availability and deliverance of required products. There are completely different requirements in the case of sporting events and online-video conferences. Based on those parameters, the distribution channel has to set a value for itself.     


Wireless Microphone Market Segment Overview:


Based on multiple parameters, the global wireless microphone market size can be segmented into various sub-segments. The key considerations are the technology (frequency type channel type, etc), product type, region, etc. 


Based on Technology Outlook (Revenue, USD Billion, 2020 - 2027):




  • RF Channel:

    • Single-channel

    • Dual-channel¬†

    • Multi-channel¬†



  • RF Band:



    • 540-680 MHz

    • 721-750 MHz

    • 823-865 MHz¬†



  • Wi-fi Band:



    • 4 GHz

    • 6 GHz

    • 5 GHz




Based on the Type of Products Outlook (Revenue, USD Billion, 2020 - 2027):



  • Handheld

  • Headwom¬†

  • Clipper

  • Other


Based on Applications Outlook (Revenue, USD Billion, 2020 - 2027):



  • Education¬†

  • Hospitality

  • Entertainment¬†

  • Events¬†

  • Military and defense¬†

  • Government and public service¬†

  • Others¬†¬†


Based on Region Outlook (Revenue, USD Billion, 2020 - 2027):



  • North America¬†

  • Europe¬†

  • Asia Pacific (APAC)¬†


Wireless Microphone Market Regional Insights:


The global wireless microphone market analysis states that the global market is regionally segmented between three major regions, i.e., North America, Europe, Asia Pacific (APAC), etc. Regionally, the North American region holds the largest market share in the world. The APAC region is amongst the fastest-growing markets.  


Key Players and Market Share Insights


The major key players in the market are:



Wireless Microphone Market Developments:


Logitech Corp purchased Blue Microphone organization in 2019 for a net measure of USD 117 million. This is a major procurement in the remote receiver industry.In 2019, the Saramonic organization had sent off a 2.4 GHz remote lavalier receiver framework called Saramonic Blink 500 framework. 

Wireless Microphone Market Report Insights:


The wireless microphone market report includes a detailed analysis of the market size, share, growth rate, opportunities, etc. 


Wireless Microphone Market Report Period:



  • Historic period: 2018

  • Base period: 2029

  • Forecast period: 2020-2027


Wireless Microphone Market Report Demography:



  • North America

  • Europe

  • APAC



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 88 Billion
  CAGR   7% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, Type, Applications
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Samson Technologies Inc. (US), Audio-Technica Corporation (Japan), AKG Acoustics (Australia), Sennheisar Electric GmbH (Germany), Rode Microphones (Australia), Sony Electronics (US), Yamaha Corporation (Japan)
  Key Market Opportunities   The rise of the internet, online shows and events are becoming a hot favorite for consumers
  Key Market Drivers   The wireless microphone market growth highly depends on the growing event management business


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Frequently Asked Questions (FAQ) :

The global wireless microphone market is predicted to grow at a 7% CAGR between 2020- 2027.

The global wireless microphone market is predicted to reach USD 88 billion by 2027.

Growing adoption of technology and booming entertainment industry are the key factors driving the global wireless microphone market growth.

Key contenders profiled in the global wireless microphone market include Shure Incorporated, Sennheiser electronic GmbH & Co. KG, Sony Electronics, Inc., Audio-Technica Corporation, Yamaha Corporation, LEWITT GmbH, Samson Technologies Inc., Rode Microphones, AKG Acoustics, Blue Microphones and inMusic Brands, Inc. among others.

North America will lead the global wireless microphone market.