Market Highlights:
The wireless microphone market is anticipated to showcase significant growth. Fast adoption of technology in consumer electronics market. Increasing sports events, booming entertainment industry are expected to boost the growth of the wireless microphone market over the forecast period, 2017-2023.According to a recent study report published by the Market Research Future, the global market of Wireless Microphone is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The global wireless microphone market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The wireless microphone market is highly competitive due to the presence of several large vendors.
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Major Key Players
- Shure Incorporated (U.S.),
- Sennheiser electronic GmbH & Co. KG (Germany),
- Sony Electronics, Inc. (U.S.),
- Audio-Technica Corporation (Japan),
- Yamaha Corporation (Japan),
- LEWITT GmbH (Austria),
- Samson Technologies Inc. (U.S.),
- Rode Microphones (Australia),
- AKG Acoustics (Austria),
- Blue Microphones (U.S.)
- inMusic Brands, Inc. (U.S.)
Regionally, North America accounted for the largest market share from countries such U.S., Canada and Mexico among others. This is due to the presence of some leading industry participants such as Shure Incorporated (U.S.), Sony Electronics, Inc. (U.S.), Samson Technologies Inc. (U.S.), Blue Microphones (U.S.) and inMusic Brands, Inc. (U.S.). However, Asia Pacific is expected to grow over the forecast period, 2017-2023.
Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the World. The regional segment is further bifurcated into U.S., Canada, Mexico, UK, France, Germany, China, Japan and India.
According to MRFR, The global wireless microphone market is expected to reach approximately USD 3.63 billion by the end of 2023 with 8.44% CAGR during forecast period 2017-2023.
Regional Analysis
North America region hold the largest share of the total wireless microphone market in terms of revenue. It is due to the presence of some leading wireless microphone providers in the region. Shure Incorporated, Sony Electronics, Inc., Samson Technologies Inc., Blue Microphones and inMusic Brands, Inc. are some well-known leading industry participants located in North America. Recently, in October 2017, TechNexus Venture Collaborative and audio industry leader Shure Incorporated announced the partnership ship that are building the future of technology in audio. This partnership will continue the focus on product innovation. The U.S. is the largest market for media and entertainment (M&E) industry globally. It is due to the increasing demand from motion pictures, television programs and commercials along with streaming content, music and audio recordings, broadcasting etc. Adoption of digital technologies have revolutionized the music industry in U.S. U.S. is the largest global music market due to the growing music concerts and music touring.
Asia-Pacific region is expected to grow over the forecast period. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to the increasing demand of wireless microphone from China and India is booming entertainment industry, IT industry and incidence public events. As it is emerging region, the demand of consumer electronics is increasing. This is expected to grow the Asia Pacific wireless microphone market at fast pace in coming years.
Segmentation:
The Wireless Microphone Market can be classified into 6 key segments for the convenience of the report and enhanced understanding;
Segmentation by Technology: Comprises Wi-Fi band, radio frequency channel and radio frequency band.
Segmentation by Product Type: Comprises Handheld, Headwom, Clipper and Others.
Segmentation by Application: Comprises Corporate Usage, Entertainment, Education
Hospitality, Events, Military/Defence and Others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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LIST OF TABLES
TABLE 1 WIRELESS MICROPHONE MARKET, BY TECHNOLOGY
TABLE 2 WIRELESS MICROPHONE MARKET, BY PRODUCT TYPE
TABLE 3 WIRELESS MICROPHONE MARKET, BY APPLICATION
TABLE 4 WIRELESS MICROPHONE MARKET, BY GEOGRAPHY
TABLE 5 NORTH AMERICA WIRELESS MICROPHONE MARKET, BY TECHNOLOGY
Continued………
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 WIRELESS MICROPHONE MARKET, BY TECHNOLOGY (%)
FIGURE 3 WIRELESS MICROPHONE MARKET, BY PRODUCT TYPE (%)
FIGURE 4 WIRELESS MICROPHONE MARKET, BY APPLICATION (%)
FIGURE 5 WIRELESS MICROPHONE MARKET, BY REGIONS (%)
Continued………
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