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Wireless Microphone Market to Exhibit 8.8% CAGR till 2027; Need for Superior Sound Quality to Accelerate Growth

June 29, 2020 | Information & Technology

The global wireless microphone market size is projected to reach USD 3.60 billion by 2027. It is likely to gain impetus from the transformation of theatre production to the latest wireless systems from the conventional cabled microphones. This information is given by Fortune Business Insights™, in a recent report, titled, Wireless Microphone Market Size, Share & Covid-19 Impact Analysis, By Type (Handheld, Bodypack, and Tabletop), By Frequency band (Ultra High Frequency (UHF), Very High Frequency (VHF), 2.4 GHz, and Others), By End-user (Corporate, Retail, Transportation, Education, Healthcare, Sports and Entertainment, Others), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 1.84 billion in 2019. It is set to exhibit a CAGR of 8.8% during the forecast period between 2020 to 2027.


Sony Launches Wireless Microphone Systems with Novel Features


In April 2019, Sony Electronics, a Japanese multinational conglomerate corporation headquartered in Tokyo, unveiled its latest addition under the range of UWP-D wireless microphone systems. It would deliver exceptional sound quality and would support the company’s Multi-Interface Shoe™ (MI shoe). Additionally, it is equipped with the newest Digital Audio Interface feature. The UWP-D series provides low noise and high sound quality by skipping the A/D and D/A process. It also enables digital audio recording. Besides, Sony’s PXW-Z190 XDCAM and PXW-Z280 camcorders have been combined with a new SMAD-P5 MI shoe adaptor. This new microphone is infused with the feature of ‘NFC SYNC’ that would offer a frequency setting between the receiver and the transmitter.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/wireless-microphone-market-103099


Increasing Number of Live Music Festivals to Aid Growth


In today’s technology-driven world, people always seek for advanced products to get their work done efficiently. Wireless microphones provide high reliability, efficiency, and superior audio quality. Hence, they are mainly used in the coverage of live events. In addition to that, the occurrences of live music festivals, such as Rock in Rio, Summerfest, and Sunburn house millions of fans. They are therefore, considered to be a vital part of the entertainment industry. Such programs are set to propel the demand for uninterrupted, enhanced, and seamless wireless microphones that would also provide the performers with the freedom of movement.


However, the outbreak of the COVID-19 pandemic has brought the world to a standstill. Owing to the spread of this deadly virus, almost all the sports events, corporate gatherings, places of worship, and music concerts have been cancelled or postponed till everything gets back to normalcy. This is a major factor that is expected to hinder the wireless microphone market growth in the coming years.


Introduction to State-of-the-art Products: Key Strategy of Manufacturers


The companies operating in this market are presently focusing more on investing hefty amounts of money in research and development activities to launch unique wireless microphones to fulfil the demand of a wide variety of industries. They are persistently trying to gain the maximum revenue to strengthen their positions.


Fortune Business Insights™ presents a list of all the manufacturers operating in the market. They are as follows:



  • Audio-Technica U.S., Inc.

  • Harman International Industries, Incorporated

  • Lewitt Gmbh

  • Logitech, Inc. (Blue)

  • Rode Microphones

  • Samson Technologies Corp.

  • Saramonic

  • Sennheiser electronic GmbH & Co. KG

  • Shure Incorporated

  • Sony Corporation

  • Yamaha Corporation


A Significant Industry Development-



  • January 2019: Sennheiser announced the launch of its latest XS Wireless Digital Series. The cordless microphones under this series are specially developed to cater to the needs of the presenters, instrumentalists, and vocalists. They will be able to leverage just wireless links or the full-fledged microphone kits to protect their investments in microphones.


Further Report Findings-



  • North America generated USD 0.68 billion revenue in 2019 backed by the rising popularity of broadcasting studios, sports tournaments, and music concerts in this region.

  • Asia Pacific is expected to grow significantly owing to the rising adoption of 5G technology, connected devices, and Internet of Things (IoT).

  • Based on end user, the sports and entertainment segment held 23.0% market share in 2019 stoked by the surging usage of cordless microphones in sports events, music concerts, and broadcasting events.


The global market can be segmented in the following way:











































 ATTRIBUTE



  DETAILS



Study Period



  2016 - 2027



Base Year



  2019



Forecast Period



  2020 - 2027



Historical Period



  2016 - 2018



Unit



  Value (USD billion)



Segmentation



By Type



  • Handheld

  • Bodypack

  • Tabletop



By Frequency Band



  • Ultra-high Frequency (UHF)

  • Very-high Frequency (VHF)

  • 2.4GHz

  • Others (1.9 GHz)



By End-user



  • Corporate

  • Retail

  • Transportation

  • Education

  • Healthcare

  • Sports and Entertainment

  • Others (Worship House, Government, hospitality)



By Region



  • North America (The U.S. and Canada)

  • Europe (The U.K., Germany, France, Italy, Spain and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)


Wireless Microphone Market
  • PDF
  • 2019
  • 2016-2018
  • 150

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  • 4850
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    8850

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