Rising Penetration of Wireless Devices Market Worldwide to Boost the Demand for Wireless Microphone
The wireless microphone market worldwide is expected to raise with a CAGR of 5.4% during the forecast period from 2019 to 2027, starting from US$ 1.90 Bn in 2018. Proliferation of wireless devices and technology up gradation of electronic devices are the major factor for wireless microphone market growth. Rising online training market, growing no. of sports events and continue increase in the media & entertainment industry are some other factors for market growth. Wireless microphones have numerous benefits over wired microphones such as no movement restriction, ease of use, hands free operations and others, which are boosting the demand for the market. As a result, we expect that the wireless microphone market will show substantial growth in years to come.
Market Synopsis
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Radio Frequency Segment to Continue its Dominance
The radio frequency segment led the global wireless microphone market, in 2018. Radio frequency segment contributed over 1/2 of the market revenue share in the same year. Changing spectrum regulations, efficient signal broadcasting, and other factors are the major factors for the dominance of the segment. Radio frequency has various benefits such as switch frequencies, preventing signal loss, more reliable and others, which are helping the segment to grow. The use of 721 MHz to 750 MHz frequency bands for signal transmission applications has increased owing to enforce regulations on the use of 600 MHz band. Further, the aforementioned shift is also helping the market to grow. As a result, we expect that the radio frequency segment will continue its dominance throughout the forecast period 2019-2027.
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Asia Pacific to be the Fastest Growing Region
North America was the highest value contributor in the global wireless microphone market shadowed by Europe and Asia Pacific respectively, in 2018. North America contributes for around 35% of the global revenue in the same year. North America has its dominance owing to early adoption of technology and established industries. On the other hand, Asia Pacific will be the fastest growing region due to growing rising smart devices market and increasing media & entertainment industry. Developing economies of Asia Pacific such as China and India will be the major contributor towards the growth of wireless microphone market. Consequently, we assume that Asia Pacific will be the fastest growing region throughout the forecast period.
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Some of the prominent players operating in the wireless microphone market include Audio-Technica Corporation, LEWITT GmbH, Røde Microphones, LLC, Samson Technologies Inc., Sennheiser Electronic GmbH & Co., Koninklijke Philips N.V., Shure Incorporated, Sony Electronics, Inc., Yamaha Corporation, Harman International Industries, Inc., MIPRO Electronics Co., Ltd., and others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The wireless microphone market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global wireless microphone market based on product type, technology, end-use, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Product Type (2019–2027; US$ Bn)
• Handheld
• Clip-on
• Others (Headset, Lavalier, etc.)
|
|
Technology (2019–2027; US$ Bn)
• Wi-Fi Band
• Radio Frequency
|
|
End-use (2019–2027; US$ Bn)
• Corporate
• Education & Training
• Media & Entertainment
• Others (Sporting Events, Hospitality, etc.)
|
|
Geography Segment (2019–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of wireless microphone in 2018 and forecast up to 2027?
- Which is the largest regional market by revenue for wireless microphone?
- What are the major trends followed in overall wireless microphone across different regions?
- What are the key market trends and high-growth opportunities observed in the wireless microphone market?
- What are the drivers of the wireless microphone market?
- Who are the key wireless microphone companies leading the market?
- What are the key strategies adopted by the leading wireless microphone companies in market?
Unique data points of this report
- Recent trends across different regions in terms of adoption of wireless microphone
- Notable developments going on in the wireless microphone industry
- Attractive investment proposition for wireless microphone segment as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
