6 September 2018, San Francisco: The global wireless microphone market is estimated to reach USD 3.51 billion by 2025,
growing at a CAGR of 5.9%, according to a new study by Grand View Research,
Inc. Technological proliferation such as Wi-Fi and Bluetooth enabled
microphones are expected to drive the market growth over the forecast period.
The evolving
entertainment and media industry, mainly in developing regions such as Asia
Pacific and Latin America, has fostered the demand for wireless microphone
products. These products are used for applications such as television
broadcasting, public speaking, podcasting, and performing arts. The preference
for wireless microphones has increased among consumers as these microphones
enable performers to move their hands freely, thereby increasing comfort.
The adoption of wireless
microphones is anticipated to grow in the Asia Pacific region. Global sports
events such as Summer Olympics 2020 and Winter Olympics 2022 are scheduled to
be organized in the region, which is presumed to propel the demand for wireless
microphones. Furthermore, the increasing application of microphones in
government infrastructure is expected to boost the adoption of wireless
microphones in the Asia Pacific region.
The changing regulatory
scenario of wireless spectrum across regions including North America and Europe
is expected to propel the market growth. It enables market participants to
develop new products that comply with the new spectrum regulations. Moreover,
the new products are developed to provide features such as efficient audio
signal transmission and high output audio quality.
Prominent &
established industry players and new entrants collaborate with each other for
sharing expertise and resources. The market is highly competitive and major
companies are laying emphasis on retaining their market shares. Moreover, there
is a strong presence of small and local manufacturing companies in the market,
mainly in countries such as China and Japan.
Access Research Report of Wireless Microphone Market @: www.grandviewresearch.com/industry-analysis/wireless-microphone-market
Further key findings from the study suggest:
· The clip-on segment is expected to emerge
as the fastest growing segment, registering a CAGR of 6.8% over the forecast
period. Increasing public speaking events are encouraging the demand for this
segment.
· The North American region has announced
changes in regulations wherein the use of wireless frequency is restricted to
below 600 MHz. Any device operating above 600 MHz would be illegal.
· Radio Frequency (RF) band is the fastest
growing segment, registering a CAGR of 7.5% over the next eight years. The RF
band offers a large number of frequency options that facilitate the selection
of frequency depending on the application.
· Asia Pacific is estimated to be the
fastest-growing regional market due to the growth of sports and entertainment
events in the region leading to an increase in demand for audio equipment
· Key industry participants include AKG
Acoustics, Audio-Technica Corporation, Blue, LEWITT GmbH, Rode Microphones,
Samson Technologies Inc., Sennheiser Electronic GmbH & Co., Shure
Incorporated, Sony Electronics, Inc., and Yamaha Corporation, among others
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has
segmented the global wireless microphone market based on types, technology, end
uses, and regions:
Wireless Microphone Type Scope (Revenue, USD Million;
2014 - 2025)
·
Handheld
·
Clip-on
·
Others
Wireless Microphone Technology Scope (Revenue, USD
Million; 2014 - 2025)
·
Wi-Fi Band
o
2.4 GHz
o
3.6 GHz
o
5 GHz
·
Radio Frequency Channel
o
Single Channel
o
Dual Channel
o
Multi-Channel
·
Radio Frequency band
o
540 MHz - 680 MHz
o
721 MHz - 750 MHz
o
823 MHz - 865 MHz
Wireless Microphone End-use Scope (Revenue, USD Million;
2014 - 2025)
·
Corporate
·
Education
·
Hospitality
·
Sporting Events
·
Others
Wireless Microphone Regional Scope (Revenue, USD Million;
2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
·
MEA
Access Press Release of
Wireless Microphone Market@: www.grandviewresearch.com/press-release/global-wireless-microphone-market
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For
More Information: www.grandviewresearch.com
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