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Wireless Microphone Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71594
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The wireless microphone market share is expected to increase by USD 3.36 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15.55%.

This wireless microphone market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers wireless microphone market segmentation by type (handheld, clip-on, and tabletop) and geography (North America, Europe, APAC, South America, and MEA). The wireless microphone market report also offers information on several market vendors, including Audio-Technica US Inc., Lewitt GmbH, MIPRO Electronics Co. Ltd., Rode Microphone, Samson Technologies Corp., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH and Co. KG, Shure Inc., Sony Group Corp., and Yamaha Corp. among others.

What will the Wireless Microphone Market Size be During the Forecast Period?

Wireless Microphone Market Size

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Wireless Microphone Market: Key Drivers and Trends

The convenience of wireless technology is notably driving the wireless microphone market growth, although factors such as privacy and security concerns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wireless microphone industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Wireless Microphone Market Driver

One of the key factors driving growth in the wireless microphone market is the convenience of wireless technology. The emergence of wireless technology is one of the major technological advances in the 21st century. Short-range radio waves help in sharing data such as pictures, music, documents, and videos. These waves are also used in microphones and speakers to collect voice or sound, convert it into electronic signals, and transfer signals without wires, which helps in sharing sound from a smart device to a wireless audio device. The increased use of wireless headphones with integrated microphones is likely to increase the requirement for wireless microphones rather than conventional wired microphones. The cord-free feature of wireless microphones is convenient for users. Noise filtering, long-distance operations, multitasking, and high-quality audio are some of the other key benefits offered by wireless microphones.

Key Wireless Microphone Market Challenge

The privacy and security concerns will be a major challenge for the wireless microphone market during the forecast period. As wireless audio devices such as microphones stay connected with communication networks, they are exposed to the risks of cybersecurity hacks. Vendors have become increasingly cautious due to the growing incidences of cybersecurity attacks. Unauthorized collection transfer and use of personal data are some of the biggest challenges associated with using wireless microphones. Users of wireless microphones fear that hackers can gather sensitive information from them. This hinders the growth of the global wireless microphone market.

This wireless microphone market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Wireless Microphone Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Audio-Technica US Inc.
  • Lewitt GmbH
  • MIPRO Electronics Co. Ltd.
  • Rode Microphone
  • Samson Technologies Corp.
  • Samsung Electronics Co. Ltd.
  • Sennheiser electronic GmbH and Co. KG
  • Shure Inc.
  • Sony Group Corp.
  • Yamaha Corp.

 

This statistical study of the wireless microphone market encompasses successful business strategies deployed by the key vendors. The wireless microphone market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wireless microphone market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Wireless Microphone Market?

Wireless Microphone Market Market segmentation by region

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31% of the market's growth will originate from Europe during the forecast period. Germany is the key market for wireless microphones in Europe. Market growth in Europe will be faster than the growth of the market in other regions.

The new product launches, rising average dual-household incomes, increase in adoption of smart consumer electronics, and growing online sales will facilitate the wireless microphone market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Wireless Microphone Market?

Wireless Microphone Market Segmentation

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The wireless microphone market share growth by the handheld segment will be significant during the forecast period. Handheld wireless microphones are expected to be the most demanded wireless microphones. These microphones are battery-powered and are connected with amplifying devices and recording devices through Bluetooth or radio waves. Handheld wireless microphones are being used by ground news reporters to support their mobility and negate background sounds. Moreover, these microphones are increasingly being used in live shows and concerts by artists. Considering these factors, the market for handheld wireless microphones is expected to grow.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wireless microphone market size and actionable market insights on post COVID-19 impact on each segment.

 

Wireless Microphone Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15.55%

Market growth 2022-2026

$ 3.36 billion

Market structure

Fragmented

YoY growth (%)

13.94

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

Europe at 31%

Key consumer countries

US, China, Germany, Japan, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Audio-Technica US Inc., Lewitt GmbH, MIPRO Electronics Co. Ltd., Rode Microphone, Samson Technologies Corp., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH and Co. KG, Shure Inc., Sony Group Corp., and Yamaha Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Data Covered in this Wireless Microphone Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive wireless microphone market growth during the next five years
  • Precise estimation of the wireless microphone market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wireless microphone industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wireless microphone market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Handheld - Market size and forecast 2021-2026
    • Clip-on - Market size and forecast 2021-2026
    • Tabletop - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Audio-Technica US Inc.
      • Lewitt GmbH
      • MIPRO Electronics Co. Ltd.
      • Rode Microphone
      • Samson Technologies Corp.
      • Samsung Electronics Co. Ltd.
      • Sennheiser electronic GmbH and Co. KG
      • Shure Inc.
      • Sony Group Corp.
      • Yamaha Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Wireless Microphone market growth will increase by $3360.94 million during 2021-2026.
      The wireless microphone market is expected to grow at a CAGR of 15.55% during 2021-2026.
      Technavio has segmented the wireless microphone market by type (Handheld, Clip-on, and Tabletop) and geographic (North America, Europe, APAC, South America, and MEA).
      Audio-Technica US Inc., Lewitt GmbH, MIPRO Electronics Co. Ltd., Rode Microphone, Samson Technologies Corp., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH and Co. KG, Shure Inc., Sony Group Corp., Yamaha Corp. are a few of the key vendors in the wireless microphone market.
      Europe will register the highest growth rate of 30.71% among the other regions. Therefore, the wireless microphone market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the wireless microphone market growth are:
      • Convenience of wireless technology
      The wireless microphone market vendors should focus on grabbing business opportunities from the handheld segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Details on the market shares of various regions
      • Five-force market analysis

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