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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.
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.
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.
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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,
Thus, the increased need and amplified advancement of compact microphones are expected to create lucrative opportunities for the market.
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,
Similarly, a rise in the number of musical awards shows, events, and concerts drives the market. For instance,
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.
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.
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.
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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.
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,
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,
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,
Thus, South America is expected to witness great opportunities in the coming years.
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.
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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.
CAGR of 10.6% from 2023 to 2030
Value (USD billion)
By Type, Frequency, Application, and Geography
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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