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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.
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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:
A Significant Industry Development-
Further Report Findings-
The global market can be segmented in the following way:
2016 - 2027
2020 - 2027
2016 - 2018
Value (USD billion)
By Frequency Band