Wireless Microphone Market

Wireless Microphone Market size was valued at $301.4 million in 2020 and is expected to grow at a CAGR of 8.3% during forecast period 2021-2026 owing to increasing adoption of wireless microphones in education, corporate, sports and entertainment events sector. The shift to cordless microphones with radio transmitter from the conventional wired type due to connectivity advantages and competitive price wireless devices over the wired ones is also set to drive the wireless microphone market for the period.The Wireless Microphone market is also driven by factors such as increasing demand from educational institutions due to higher productivity of students and demands from online performing artists. Rising adoption of commercial microphones due to rapid technological advancements as well growth of consumer electronics industry. 

Report Coverage

The report: “Wireless Microphone Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wireless Microphone Market.
By Type: Condenser, Dynamic, Electret, Ribbon, Others.
By Sound direction: Uni directional, Omni directional, Bi directional, Cardioid.
By Microphone Type: Clip On, Handheld.
By Technology: Bluetooth, Wi-Fi, Radio Frequency and Others.
By End User: Government, Educational institutions, Entertainment, Consumers, Enterprises, Others.
By Geography: North America, South America, Europe, APAC, RoW.

Key Takeaways

  • North America dominates the Wireless Microphone market owing to increasing spectators for live events and increasing subscription purchases for video on demand services respectively is analyzed to drive the wireless microphone market demand.
  • Clip-on wireless microphone market to experience significant growth owing to the rising demand from entertainment, sporting event and education sector.
  • High adoption of Wi-Fi bands owing to its lower loses and less interference with uncompromised performance in corporate and entertainment sector is driving the market growth.
  • Growing adoption of wireless lavalier microphones for public speaking applications in order to allow hands free operation set to drive the wireless microphone market growth.

    Wireless Microphone Market, By Type, 2020

    Wireless Microphone Market
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Wireless Microphone Market Segment Analysis - By Product 

Handheld holds the major share in Wireless Microphone market. Clip-on wireless microphone market is analyzed to witness the highest growth during 2021-2026 at 9.9% owing to the growing adoption of these products in education, hospitality and sporting events. As per recent IndustryARC estimates, the global Sport Event Ticketing e-Services revenue is set to surpass $40 billion by 2025 with the U.S. to continue its dominance over the market during the forecast period 2021-2026. The growing investment of government bodies among the developing economies, towards their domestic sports sectors is set to open up new opportunities for various equipment and devices used for live broadcasting during the events which includes wireless microphones as well.'

Wireless Microphone Market Segment Analysis - By Technology

Radio frequency based wireless microphones are analyzed to be the major shareholder of the market in 2020 at 74% owing to the earlier penetration of the technology and ease of use of the products. However, technologies such as 2.4GHz wireless microphone and UHF microphones are analyzed to witness significant growth during 2021-2026 owing to the lower losses and accommodation of more number of channels in these products.

Wireless Microphone Market Segment Analysis - By Geography

North America dominated the wireless microphone market with a share of 36.7%, followed by Europe and APAC in 2020. The U.S. held the largest share accounting to 45% of the global Sport Event Ticketing E-services market in 2019 followed by U.K. and China. The broad base of sports event industry in the country with significant spending in the sports vertical is set to drive the market for various devices and equipment used for audio acquisition including the wireless microphones. APAC wireless microphone market is estimated to witness the highest growth rate during 2021-2026 owing to the increasing investment in the education sector for modernization of institutes, school, and colleges and so on. Apart from this, the rise in the sporting events and government initiatives to boost the hospitality sector is also set to assist the market growth during 2021-2026
Location: United States

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