Global Wireless Microphones Market - 2021-2028
The global wireless microphones market size was worth US$ XX billion in 2019 and is estimated to show trajectorial growth by reaching up to US$ XX billion by 2027, growing at a CAGR of XX% during the forecast period (2020-2027).
Wireless microphones or cordless microphones are microphones that are used without a physical cable. Instead, the device is connected directly to the sound recording or amplifying equipment with which it is associated. Radio microphones are another term for wireless microphones with a small battery powered radio transmitter in the microphone body, which transmits the audio signals from the microphones by the radio waves or WiFi bands to a new nearby receiver unit, which receives the audio.
Wireless microphones show portable characteristics and use radio signals to communicate between the transmitter and receiver. The wireless microphones are gaining popularity among various applications as they connect to the camera, speaker and recorder, making the journalist and artist's performance unharmed. These microphones generally use a very high-frequency band or ultra-high frequency as it enables an unobtrusive antenna.
With advancements in technology, companies are launching new wireless microphones with Bluetooth connectivity, covering a higher range of connectivity owing to upgradation in Bluetooth, coupled with rechargeable batteries that offer higher comfort, mobility and hands-free as the prime characteristics to target customers' different ends.
The global wireless microphones market is driven by using these microphones in podcasting, entertainment, public speaking and television broadcasting. In addition, the increasing use of wireless microphones while performing different sports activities has accelerated the product's overall market. Furthermore, growing advancements in technology create wide rooms for wireless microphones to proliferate in the future market.
Increasing use of microphones in podcasting, entertainment, public speaking and television broadcasting
The growing use of these electronic products in public speaking, podcasting, entertainment and television broadcasting is expected to boost wireless devices demand during the forecast period. In addition, the growing entertainment and media industry in regions like Asia-Pacific and South America are more likely to create opportunities for the product to evolve in the coming future.
Many devices such as smartphones, smartwatches and tablets have microphones embedded in their system; thus, increasing demand for these devices adds value to wireless microphones' global market in recent times. In addition, increasing use of wireless microphones in reality television programs to gather live news and other broadcasting activities is another application area in which wireless microphones are expected to proliferate during the forecast period.
Increasing use of wireless microphones while performing different sports activities in recent times is accelerating the product's overall market
Growing sponsorship investments in sports activities are expected to propel the market of wireless microphones in recent times. As per the reports, nearly 40 million was invested in 2016 in the sports department. The growing demand for wireless microphones has stimulated various key players to design unique wireless products, particularly for sports venues such as indoor arenas and stadiums. In addition, these products are generally in greater demand for commentary and announcements purposes.
The products offer broad characteristics such as a hand-free operation that enables easy mobility and comfort, unlike wired microphones. The improving use of these devices under government infrastructure for communication applications is expected to boost the market of wireless microphones in the conjecture timespan.
Limited spectrum access and essential parameters such as sensitivity and noise are not satisfied in electric microphones, thus creating a significant gap between sensitivity, noise level and power consumption in the consumer electronic devices, thus hurdling the growth of the product
Since 2012, followed by analog TV broadcasting's shutdown, almost all the governments across different regions have auctioned off the right to use an electromagnetic spectrum of large bandwidth. A significant portion of electromagnetic spectrum is distributed among the mobile telecommunication operators to use WiFi service and mobile service, thus restricting access to interference-free frequencies for professional RF microphones.
Hence limited spectrum access is one of the prime factors hurdling wireless microphone growth in recent times. However, other important parameters such as sensitivity and noise are not satisfied in electric microphones, thus creating a significant gap between sensitivity, noise level and power consumption in the consumer electronic devices. Hence, this gap is more likely to hamper the forecast period's wireless microphone market's growth.
COVID-19 Impact Analysis
The global wireless microphone has shown a slight decline due to the COVID-19 pandemic since many manufacturing plants were closed for months, and it has forced the manufacturer to rethink risk management, workflow safety, manufacturing operations and new working opportunities. Further several countries have restricted production activities during the covid-19 pandemic. Due to the COVID-19 outbreak, the lockdown leads to suddenly dropping down consumers' interest in purchasing any goods and a halt in transportation sectors has severely hampered the wireless microphone market's business due to disruption in the product's supply chain management.
The manufacturing industries in several countries such as U.S., UK, Germany, France and India have experienced an unprecedented decline due to stagnating economy and sudden disruption in the international supply chain, which creates a significant loss to the global market of wireless microphones, especially in 2020.
The global wireless microphones market is segmented based on type, technology, end-user and region.
Increasing demand from various end-users and the ability of bodypack to maintain a consistent distance between the speaker and microphone are building the segment's market in recent times
The global wireless microphone is segmented into three types, including handheld, bodypack and tabletop. Out of the mentioned segments, the bodypack segment is expected to increase demand from various end-users, such as education, hospitality, and sports events.
Bodypack is also known as a clip-on microphone; the reason behind the segment's remarkable growth is its ability to maintain a consistent distance between the speaker and microphone. In addition, with the transmitter improved RF performance, high-density mode, encryption and wide-tuning, the micro bodypack enables professional-quality wireless digital audio.
Handheld microphones, on the other hand, are more expensive as compared to their peers. However, handheld systems are ubiquitous and are gaining popularity in meeting spaces and music concerts. Therefore this segment is expected to generate the highest revenue among the mentioned segments.
For instance, in August 2018, Sennheiser and Neumann launched SK 6212 mini-bodypack transmitter for its new digital 6000 wireless microphones system. The product is available from early 2019 and is an ideal choice for any broadcast, theatre or live audio show.
Growing tournaments, concerts and broadcasting industry in the North America region trigger wireless microphones demand during the forecast period
North America is expected to grow the largest wireless microphones market in the conjecture timespan owing to increasing tournaments, concerts and broadcasting studios in the region. Presence of key players such as Shure Incorporated and Sennheiser Electronic Gmbh & Co.in the region creates immense opportunities for the key players to target a wider audience. Moreover, the local market's products are introduced by industry players, thereby enabling the North American region to account for the largest industry share in terms of revenue.
On the other side, Asia-Pacific is projected to grow faster due to the region's growing media and sports industries. Furthermore, increasing trend of video logging in the region has enabled RF-enabled products for effective sound recording. In addition, increasing wireless microphones in different sectors such as education, hospitals, and others create opportunities for the key players to target an extensive customer base in the Asia-Pacific region.
The wireless microphones market is highly competitive, with various local and key players are present across the globe. Some key players contributing to the market's growth include Samson Technology Corp, Sony Corporation, Sennheiser Electronic Gmbh Co, Audio-Technica Corporation, AKG Acoustics, LEWITT GmbH, Shure Incorporated, Samson Technologies Inc, Yamaha Corporation, Rode Microphones, and among others.
The key players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the wireless microphones market's growth globally. Major market players are following product launches as the prime growth strategy to build their business.
Overview: It's an Australia based designer and manufacturer of microphones coupled with related accessories and audio software. The company is comprised of three warehouses with a total footprint of over 110,000 square feet. The RODE state-of-art plant has over US$ 60 million in precision machinery with an international team of more than 250 people across highly skilled disciplines.
The global wireless microphone market report would provide access to an approx: 76 market data table, 80 figures and 244 pages.
Target Audience 2022
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