Press Release / Wireless Microphone Market
Wireless Microphone Market to Experience 11.0% CAGR during 2024-2032; Companies Focus on Innovative Products to Expand Market
May 23, 2023 | Information & TechnologyThe global wireless microphone market size was USD 1.83 billion in 2023. The market is projected to grow from USD 1.97 billion in 2024 to USD 4.53 billion in 2032 at a CAGR of 11.0% during the 2024-2032 period. Fortune Business Insights presents this information in their report titled “Wireless Microphone Market Size, Share & COVID-19 Impact Analysis, By Type (Handheld, Bodypack, and Tabletop), By Frequency (Ultra-high Frequency, Very High Frequency, 2.4 GHz, and Others), By Application (Auditorium, Theaters, Studios, Shopping Malls, Hotels, Restaurants, Bars, Large Retails, Malls, Parking Lots, Airports, Bus Stations, Education Institutes and Universities, Offices, Conferences Rooms, Sports Venues, Stadium, Public Gatherings, Concerts, Stage Shows, and Others), and Regional Forecast, 2024-2032”.
Microphone fulfills the needs of vloggers, short video creators, and others. A microphone can be used straightaway and does not require additional hardware and software. It can be utilized for live streaming of games, recordings vlogs, online conferences and music recordings among various other uses.
Supply Chain Interruptions and Shutdown of Production Units Hindered Wireless Microphone Market Growth during COVID-19
The COVID-19 pandemic commenced numerous difficulties in terms of the global supply networks. Various nationwide lockdowns have prevailed to hamper or even terminate the mobility of raw materials and finished goods, thus obstructing the manufacturing process. Nevertheless, the pandemic has not dynamically presented new supply chain concerns. It enclosed previously unknown weak sides in multiple industries, and numerous corporations have experienced worker scarcity and damages owing to COVID-19. Anyhow, it has hastened and exacerbated the already-existing supply chain problems.
Shure Incorporated Launches SLX-D System
Shure Incorporated unveiled an innovation to its digital wireless system, SLX-D. The system offers new mechanical designs, great audio quality, a well-organized setup, reliant RF performance, and more. SLX-D can be utilized in corporate spaces, educational establishments, the hospitality sector, as well as local governments. Moreover, the novel system is presented in single and dual-channel variations.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/wireless-microphone-market-103099
Augmenting Requirement and Progression of Compact Wireless Microphones to Encourage Market Progress
The ever growing demand for wireless technology in various industries is contributing to audio communications and conferencing solutions in commercial and professional environments. This has evolved the communication business with several enhancements and progressions in wireless system technology. These factors will increase the market share.
The prime corporations in the market are struggling to administer and innovate novel advancements in microphones, one of them being compact wireless technology. They offer compact wireless microphones compatible with mobile, wind cap, and cameras. These factors may hinder the global market growth.
Important Business-related Announcements by Key Players to Influence Market Dynamics
Fundamental companies in the market often make crucial announcements regarding some business moves, which, in turn, affect the market either positively or negatively. Players acquire companies, launch new products, engage in partnership deals, sign contracts with government organizations, and so on.
Notable Industry Developments:
- March 2021: Sony Electronics Inc. launched two new microphones, ECM-LV1 (stereo compact lavalier microphone) and ECM-W2BT (multi-interface compatible wireless microphone). This combination helps YouTubers, vloggers, and video creators who want to capture clear and reliable audio for environments, including street performances, food reviews, product reviews, travel vlogs, and more.
List of Players Covered in the Report
- Harman International (Samsung) (U.S.)
- Logitech International S.A. (Blue) (Switzerland)
- Sennheiser Electronic GmbH & Co. KG (Germany)
- Sony Group Corporation (Japan)
- Saramonic (China)
- Shure Incorporated (U.S.)
- Shenzhen Jiayz Photo Industrial., Ltd (China)
- Audio-Technica Ltd. (Japan)
- Rode Microphones (Australia)
- Samson Technologies Corp. (U.S.)
Further Report Findings
- North America to hold the largest wireless microphone market share during the forecast period. North America is the core region to the world’s largest music market.
- Asia Pacific witnessed a noteworthy growth rate during the forecast period. Thus, a significant focus on the music industry is expected to create lucrative market opportunities in the region.
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 11.0% from 2024 to 2032 |
Unit | Value (USD billion) |
Segmentation | By Type, Frequency, Application, and Geography |
By Type |
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By Frequency |
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By Application |
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By Region |
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- 2023
- 2019-2022
- 150
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