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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, 2023-2030

Region : Global | Format: PDF | Report ID: FBI103099

 

KEY MARKET INSIGHTS

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The global wireless microphone market size was USD 1.72 billion in 2022 and is projected to grow from USD 1.83 billion in 2023 to USD 3.71 billion in 2030 at a CAGR of 10.6% during the 2023-2030 period. North America dominated the global market with a share of 31.98% in 2022.


In the scope, we have considered wireless microphones provided by key players such as Harman International, Shure Incorporated, Shenzhen Jiayz Photo Industrial., Ltd, Samson Technologies Corp., and Logitech International S.A., and others.


The report studies the structured and unstructured database to envision and provide insights based on correlation, hidden patterns, the market’s changing trends, and more. For instance, in April 2022, Boya launched BY-CM6, a USB condenser microphone for capturing crystal-clear voice and delivering detailed vocal recordings. This microphone meets the needs of short video creators, vloggers, and others. Furthermore, it can be plugged in and used immediately without additional software or hardware. This can be used for recording, vlogs, game live streaming, music recording, and online conference.


COVID-19 IMPACT


Supply Chain Disruptions and Shutdown of Manufacturing Plants Hampered Market Growth in COVID-19


The COVID-19 pandemic caused various challenges to global supply networks. Several countrywide lockdowns continue to impede or even halt the movement of raw materials and completed goods, hampering manufacturing. However, the pandemic has not necessarily introduced new supply chain issues. It revealed previously unknown vulnerabilities in several sectors, and many companies have suffered worker shortages and losses due to COVID-19. However, it has expedited and exacerbated pre-existing supply chain issues.


Ernst & Young LLP (EY US) surveyed 200 supply chain professionals in late 2020 and stated that 72% of the respondents responded COVID-19 had a negative effect on their business. All automotive and nearly 97% of industrial products companies stated the COVID-19 pandemic had a negative impact on them.


In March and April 2020, the IPC surveyed the electronics suppliers and manufacturers to understand the impact of COVID-19 on business. 43% of the respondents stated they are highly concerned about the impact of COVID-19 on their business.


Further, 49% of the respondents are somewhat concerned about the effect of COVID-19. The constant decline in demand and supply chain disruptions are projected to negatively impact the market in the short term.


Manufacturing industries in several countries, including the U.S., the U.K., Germany, France, and India have seen an unprecedented decline as a result of a stagnant economy and sudden disruption in the international supply chain, resulting in a significant loss to the global market, particularly in 2020.


LATEST TRENDS


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Surging Need and Advancement of Compact Wireless Microphones to Entertain Market Trends


The increasing demand for wireless technology across sectors adds to the audio communications and conferencing solutions in commercial and professional activities. This has revolutionized the communication business with many advancements and developments in wireless system technology.


The major companies in the market are trying to organize and invent advancements in these microphones, one of them being compact wireless technology. They provide compact microphones compatible with mobile, wind cap, and cameras. For instance,



  • In March 2022, Godax, a lightning and audio company, launched two compact wireless microphone systems, UC1 and Godox MoveLink LT1. The UC1 is compatible with Android devices and Godox MoveLink is compatible with iOS devices. The company also introduced the UC2 and LT2 dual-microphone versions. These microphones are compatible with smartphones and tablets. Furthermore, they can be used by content creators, YouTubers, vloggers, and mobile videographers.


Thus, the increased need and amplified advancement of compact microphones are expected to create lucrative opportunities for the market.


DRIVING FACTORS


Increasing Developments of Advanced Microphones to Boost Market Growth


Rising developments of technologically advanced microphones across applications, such as shopping malls, hotels, restaurants, bars, large retail, malls, parking lots, airports, bus stations, education institutes, universities, offices, conferences rooms, sports venues, stadiums, public gatherings, concerts, and stage shows, worldwide are surging the demand for the product. For instance,



  • In April 2022, Shure Incorporated introduced KSM11, the state-of-the-art wireless microphone capsule to provide high-quality vocal clarity. This microphone is specifically designed for use in broadcast, simulcast, and live-streamed performances.


Similarly, a rise in the number of musical awards shows, events, and concerts drives the market. For instance,



  • In May 2022, Billboard Music Awards took place at the MGM Grand Garden Arena in Las Vegas, U.S. In this event, many microphones and audio systems were provided by Shure Incorporated. Throughout the award show, the audio team entirely depended on Shure Axient Digital Wireless technology to provide clear and trustworthy audio.


RESTRAINING FACTORS


Inadequate Availability of Raw Materials Might Hinder Growing Market Growth


Poor raw material availability to meet microphone production demand is restraining the market growth. Voice coil, cable, and magnets are some raw materials for making these microphones. Shortage of these materials might hamper the production process in the market.


SEGMENTATION


By Type Analysis


Growing Adoption of Handheld Microphones to Surge the Product Demand


Based on type, the global wireless microphone market is segmented into handheld, bodypack, and tabletop.


Among these, the handheld segment captured the highest market share of around 47.7% in 2021. Bodypack microphones are expected to grow at a significant CAGR of 12.4% over the forecast period, as they are small in size, easy to carry, and have a headset microphone plugged into them. The popularity of bodypack microphones is significantly increasing among end-users. One of the significant advantages of these microphones is the ability to maintain a consistent distance between the speaker and the microphone. For example, Shure, Inc. offers a premier bodypack transmitter. With the transmitter’s enhanced RF performance, high-density mode, wide-tuning, and encryption, the micro bodypack enables professional-quality wireless digital audio.


By Frequency Analysis


Hassle-Free Setup Drives the 2.4 GHz Segment


Based on frequency, the market is categorized into ultra-high frequency, very high frequency, 2.4 GHz, and others.


Among these, the 2.4 GHz segment is anticipated to grow at the highest CAGR of 9.7% during the forecast period, as it provides limited channel bandwidth and a hassle-free setup. 2.4 GHz frequency provides a higher quality audio signal than the VHF and UHF. The main advantage of 2.4 GHz for wireless systems is that it is license-free worldwide and can be used in multiple countries and regions. These are some of the factors that would drive the adoption of 2.4 GHz wireless frequency systems.



  • For instance, Sennheiser offers an XSW-D wireless audio system with a 2.4 GHz frequency spectrum for up to 75 meters of range. This wireless link can be used worldwide without a license.


By Application Analysis


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Due to Increasing Live Performances, the Sports Venues, Stadiums, Public Gatherings, and Concerts Segment to Drive Market


Based on application, the market is categorized into 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.


The sports venues, stadiums, public gatherings, and concerts segment held the major market share in 2021, and it is expected to grow at a significant CAGR during the projected period. A growing number of ongoing live performances, sports events, and several DJ professionals worldwide fuels the demand for these microphones across the globe.


REGIONAL INSIGHTS


North America Wireless Microphone Market Size, 2022 (USD Billion)

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Geographically, the market is divided into five key regions, North America, Europe, Asia Pacific, the Middle East & Africa, and South America. They are further categorized into countries.


North America to gain maximum revenue share during the forecast period. North America is home to the world’s biggest music market. As per the International Federation of the Phonographic Industry (IFPI), the value of recorded music in the U.S. accounts for one-third of the global market. Many recording artists and performers in the U.S. belong to either one of the key music unions such as the American Federation of Musicians (AFM) or the American Federation of Television and Radio Artists (AFTRA). The country has professional organizations such as the Recording Academy, the American Composers Forum, role-based groups such as the Songwriters Guild of America, and genre-related groups such as the Americana Music Association or the Gospel Music Association.


Asia Pacific witnessed a remarkable growth rate during the forecast period. A significant focus on the music industry is expected to create lucrative market opportunities in the region. Market leaders are focused to invest in R&D activities to develop technologically advanced and cost-effective microphones in the APAC region. For instance,



  • In November 2021, DJI introduced a novel DJI mic, a dual channel wireless audio system that comes in a dedicated charging case and supports omnidirectional audio. This audio system consists of a wireless mic, two transmitters, two receivers, and 8GB of internal memory that can record up to 14 hours of audio.


The Europe market is expected to hold a prominent global wireless microphone market share. The European market growth is owing to the region's increasing production capacities of these microphones. The key players are focusing on investing in their production sites to strengthen and expand their businesses. For instance,



  • In May 2022, Sennheiser Group aims to focus fully on professional audio and grow this business sustainably. In accordance with this strategy, the company invested in its production sites to incorporate state-of-the-art manufacturing technologies in Germany and Romania locations.


Similarly, the Middle East and North Africa (MENA) governments are investing more in music to develop new initiatives to nurture their music sector. According to Forbes, in 2021, Saudi Arabia invested USD 64 billion in the entertainment industry to aid in turning the country into a top-tier destination for the industry, which is expected to create lucrative opportunities for the market.


The Brazilian music and entertainment industry has been showing tremendous growth in the past two years, and there is a lot of potential for new music companies to enter this market. For instance,



  • In November 2020, Sony Music launched a new digital accelerator program in Brazil to accelerate the development of Machine Learning (ML) and Artificial Intelligence (AI) in the local music industry. The company is working with startup communities and development companies in Brazil to explore the opportunities these technologies can offer to help artists build their careers and enhance fan experiences.


Thus, South America is expected to witness great opportunities in the coming years.


KEY INDUSTRY PLAYERS


Strategic Acquisition to Boost Market Expansion of Key Players


The key players are offering new microphones across all business segments. Major market players extend the scope to create novel solutions, upgrade their tools and technology, and strengthen their technology capabilities.


Also, through collaborations, companies are gaining expertise and expanding their business by reaching a mass customer base. The key players focus on market share expansion and customer reach through strategic acquisition.


List of Key Companies Profiled:



KEY INDUSTRY DEVELOPMENTS:



  • October 2022: Panasonic Connect launched an addition to its next generation of wireless audio microphones and receivers. This provides crisp audio and connectivity options for added flexibility. This software integration enables Panasonic wireless microphones to activate presets across a suite of Panasonic PTZ cameras. 

  • May 2022: Audio-Technica Ltd. launched ATW-3255 3000 Series, a wireless in-ear monitor system designed to be an affordable and durable IEM solution delivering professional sound quality. It features all levels of venues and performers. Furthermore, it provides sonic performance and is modeled after Audio-Technica’s 3000 Series UHF wireless microphone system. It also provides ATH-E40 in-ear monitor headphones with registered dual-phase push and pull drivers.

  • January 2022: JBL (a Harman International brand) launched JBL Quantum Stream, a USB microphone. It has a dual-condenser microphone enabling crystal-clear communication. The JBL Quantum Stream is combined with the JBL Quantum TWS (wireless gaming headset), JBL Quantum 810, JBL Quantum 910, and JBL Quantum 610.

  • January 2022: Rode launched Wireless GO II, especially for solo content creators. This device is compatible with mobile devices, cameras, and computers. Wireless GO II is fully integrated with streaming or podcasting software, turning the device into a field recorder, and also updates the RODE Central for easier file organization and management. In addition, it acts as a dual-channel receiver compatible with additional Wireless GO II transmitters.

  • September 2021: Blue introduced a new feature to the Blue Yeti Family USB wireless mics. The Blue Voice software was available with Yeti, Yeti X, and Yeti Nano microphones. Users with the above microphones can download the latest version of Logitech’s G HUB software for free to access Blue Voice instantly.


REPORT COVERAGE


An Infographic Representation of Wireless Microphone Market

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The research report includes prominent areas across the globe to get a better knowledge of the industry. Furthermore, it provides insights into the most recent industry and market trends, as well as an analysis of technologies that are being adopted quickly on a global scale. It also emphasizes some of the growth-stimulating restrictions and elements, allowing the reader to obtain a thorough understanding of the industry.


REPORT SCOPE & SEGMENTATION


























































  ATTRIBUTE 



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 10.6% from 2023 to 2030



Unit



Value (USD billion)



Segmentation



By Type, Frequency, Application, and Geography



By Type




  • Handheld

  • Bodypack

  • Tabletop



By Frequency




  • Ultra-high Frequency (UHF)

  • Very High Frequency (VHF)

  • 2.4 GHz

  • Others (1.9 GHz)



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

  • Others



By Region




  • North America (By Type, By Frequency, By Application, and By Country)

    • U.S.

    • Canada

    • Mexico



  • South America (By Type, By Frequency, By Application, and By Country)

    • Brazil

    • Argentina

    • Rest of South America





  • Europe (By Type, By Frequency, By Application, and By Country)

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Benelux

    • Nordics

    • Rest of Europe





  • Middle East & Africa (By Type, By Frequency, By Application, and By Country)

    • Turkey

    • Israel

    • GCC

    • South Africa

    • North Africa

    • Rest of Middle East & Africa





  • Asia Pacific (By Type, By Frequency, By Application, and By Country)


    • China

    • India

    • Japan

    • South Korea

    • ASEAN

    • Oceania

    • Rest of Asia Pacific




Frequently Asked Questions

The market is projected to reach USD 3.71 billion by 2030.

In 2022, the market stood at USD 1.72 billion.

The market is projected to grow at a CAGR of 10.6% in the forecast period (2023-2030).

The sports venues, stadium, public gatherings, concerts, and stage shows segment is likely to lead the market.

Harman International (Samsung), Logitech International S.A. (Blue), Sennheiser electronic GmbH & Co. KG, Sony Group Corporation, Saramonic, Shure Incorporated, and Shenzhen Jiayz Photo Industrial., Ltd are the top players in the market.

North America is expected to hold the highest market share.

Asia Pacific is expected to grow with the highest CAGR.

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