The most current market research report from Emergen Research, which focuses on the global Wireless Microphone Market, provides in-depth analysis of each of the market’s major segments. The research on the global Wireless Microphone Market includes information on market size, revenue growth rate, industry data, revenue splits by regional markets, gross margins, production costs, and product portfolios. The report also highlights a number of other micro- and macroeconomic factors, including the most important drivers, opportunities, trends, difficulties, supply and demand ratios, production and consumption patterns, stringent regulatory frameworks, and a wide range of other factors.
The global wireless microphone market size was USD 1.60 billion in 2021 and is expected to register a revenue CAGR of 9.7% during the forecast period, according to the latest analysis by Emergen Research. The advent of different connected technologies with enhanced efficiency and the increase in adoption of next-generation consumer electronics are key factors driving market revenue growth.
In addition, the growing deployment of microphones for various applications is another factor driving the revenue growth of the market. The efficiency and durability of wireless devices have led to a noticeably increased audio quality for live event broadcasting, which is an essential part of the entertainment industry. 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 the need for high-quality sound that is fluid, enhanced, and effective yet flexible, which is driving wireless microphone market growth. A wireless microphone kit has the ability to free hands, which meets the demands of a lot of stage performers and helps them to sing, dance, and connect with the audience better. In addition, cordless headset microphones allow for greater mobility and lessen the risk of stumbling over cords. Moreover, for large-scale performances, it can also reduce the size, complexity, and cable runs, which are expected to drive market revenue growth.
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Global Wireless Microphone Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
R&D Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers & Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Wireless Microphone market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Wireless Microphone market and pinpoint the fundamental growth trends.
Key Companies Profiled in the Report are:
Shure Europe, Roland Corporation, Sonos, Inc., Plantronics, Inc., Knowles Electronics, LLC., Audio-Technica, Bogen Communication LLC., Crestron Electronics, Inc., Goetek, GoPro Inc
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels
Regional Segmentation:
North America
Latin America
Europe
Middle East & Africa
Asia Pacific
Key Points Covered in This Section:
Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
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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.
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
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Additional information offered by the report:
Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Cobots market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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