High-level competition in the market demands rapid new product development to survive in the market. The persistent demand for technological advancements such as automation, 5G technology, internet of things, and others assists in growing wireless microphones demand. Several investments by market players in R&D for the development of new smart consumer electronic products, including smart wearables, smartphones, and smart homes, increase the demand for wireless microphones.
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Data Bridge Market Research analyses that the Global Wireless Microphone Market is expected to reach the value of USD 2,904.13 million by 2029 from USD 1,592.4 million in 2021 at a CAGR of 7.8% during the forecast period. The increasing demand for the wireless microphone will provide potential opportunities for the market growth in the forecast period.
Rise in Wireless Microphone Technology is anticipated to drive the market's growth rate
Increasing automation in the automotive sector has increased the demand for numerous types of wireless microphone-associated products, which are used in controllers, power-integrated devices, driver assistance systems, telematics, and Global Positioning Systems (GPS). The increase in the deployment of connected devices across manufacturing facilities is anticipated to drive market growth over the coming years. For instance, 5G technology up-gradation needs major input from the wireless microphone market. Numerous countries such as China, Japan, South Korea, U.K., and France, among others, are working on this up-gradation with an average investment of USD 200 billion.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Handheld, Clip On, and Bodypack), Type (Micro-Electro-Mechanical System (MEMS) Microphones, Electret Condenser Microphones (ECMS), and Others), Technology (Bluetooth, Radio Frequency, Bluetooth + Wi-Fi, Airplay, Wi-Fi, and Others), Price (Below 500 USD, 500 - 900 USD, 900 - 1,500 USD, And Above 1,500 USD), Application (Entertainment, Corporate, Education, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Robert Bosch GmbH (Germany), Honeywell International Inc. (U.S.), SAMSUNG (South Korea), LG Electronics (South Korea), Sennheiser electronic GmbH & Co. KG (Germany), Lectrosonics (U.S.), MIPRO Electronics (Taiwan), Yamaha Corporation (Japan), LEWITT GmbH (Austria), Bogen Communications LLC (U.S.) , Crestron Electronics, Inc. (U.S.), Knowles Electronics, LLC. (U.S.), Bose Corporation (U.S.), Sonos, Inc. (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global wireless microphone market is segmented into eleven notable segments which are based on the product type, type, technology, price, and application.
- On the basis of product type, the global wireless microphone market is segmented into handheld, clip on and bodypack.
The handheld segment of product type is anticipated to dominate the wireless microphone market
The handheld segment is expected to dominate the global wireless microphone market with 43.18% market share due to the flexibility in accurate location positioning of a handheld wireless microphone at all times relative to its environment, also helping the presenter speak in the right spot.
- On the basis of type, the global wireless microphone market has been segmented into micro-electro-mechanical system (MEMS) microphones, electret condenser microphones (ECMS), and others.
The micro-electro-mechanical system (MEMS) microphones segment of type is anticipated to dominate the wireless microphone market
The micro-electro-mechanical system (MEMS) microphones segment is expected to dominate the global wireless microphone market with 73.84% market share due to the implementation of highly improved noise cancellation ration in micro-electro-mechanical system (MEMS) microphones.
- On the basis of technology, the global wireless microphone market has been segmented into Bluetooth, radio frequency, Bluetooth + Wi-Fi, airplay, Wi-Fi, and others. In 2022, Bluetooth segment is expected to dominate the global wireless microphone market with 32.24% market share due to the increasing usage of bluetooth audio systems in home appliances and industries.
- On the basis of price, the global wireless microphone market has been segmented into below 500 USD, 500 - 900 USD, 900 - 1,500 USD, and above 1,500 USD. In 2022, below 500 USD segment is expected to dominate the global wireless microphone market with 47.13% market share because of the easy availability of low cost wireless microphone systems.
- On the basis of application, the global wireless microphone market has been segmented into entertainment, corporate, education, and others. In 2022, entertainment segment is expected to dominate the global wireless microphone market with 48.42% market share because of the increasing demand for wireless microphones in music and film industry.
Major Players
Data Bridge Market Research recognizes the following companies as the major wireless microphone market players in wireless microphone market are Robert Bosch GmbH (Germany), Honeywell International Inc. (U.S.), SAMSUNG (South Korea), LG Electronics (South Korea), Sennheiser electronic GmbH & Co. KG (Germany), Lectrosonics (U.S.), MIPRO Electronics (Taiwan), Yamaha Corporation (Japan), LEWITT GmbH (Austria), Bogen Communications LLC (U.S.) , Crestron Electronics, Inc. (U.S.), Knowles Electronics, LLC. (U.S.), Bose Corporation (U.S.), Sonos, Inc. (U.S.)
Market Development
- In 2021, MIPRO Electronics launched MIPRO MI-58: A New Breed of Digital IEM System. The system consists of the MI-58R body-pack and the MI-58T transmitter. This product launch aided in enhancing the product portfolio of the company.
- In 2021, RØDE released the Wireless GO II wireless microphone system. The Wireless GO II Single is the ultimate do-it-all microphone for solo content creators. This product launch helped in enhancing the product portfolio of the company.
Regional Analysis
Geographically, the countries covered in the wireless microphone market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
North America is the dominant region in wireless microphone market during the forecast period 2022 to 2029
North America dominates the wireless microphone market due to the broad base of the sports event industry in the country with major spending in the sports vertical. There has been a rise in the demand for head-worn, handheld, and instrument wireless microphones in North America during the past few years.
Asia-Pacific is estimated to be the fastest-growing region in wireless microphone market the forecast period 2022 to 2029
Asia-Pacific is expected to grow from 2022 to 2029 due to the growing technology and reliability of wireless portable communication devices, which also deliver infotainment services. Also, the rise in the entertainment industry and increasing podcasting, public speaking, and other event is also boosting the market growth.
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