Rising Usage of Recording Devices by Visually-Impaired Persons is expected to Drive the Growth of the Asia-Pacific Digital Voice Recorder Market

A digital voice recorder is a key component of a system used to capture vocalizations. Most of the commercially available equipment is designed for recording music and the human voice with close and cooperative subjects. The sound file made on the recorder is managed in a document framework on an internal hard drive or removable flash drive which can be transferred to a PC for playback, interpretation, or sound altering. This device is comprised of storage unit, power source, recording formats which are changeable in accordance with different application. Therefore, the Asia-Pacific digital voice recorder market is estimated to increase rapidly in the near future.

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Data Bridge Market Research analyzes that the Asia-Pacific Digital Voice Recorder Market is expected to grow at a CAGR of 6.2% in the forecast period of 2023 to 2030 and is expected to reach USD 532,473.78 thousand by 2030.    

Key Findings of the Study

Advancements in Digital Voice Recording Technology

Advancements in digital voice recording have made significant strides over the past few decades, enabling high-quality and convenient audio capture in various fields. Improved audio quality, digital voice recording technology has made significant strides in audio quality. This is due to advancements in digital signal processing and high-resolution audio codecs, modern recording devices can capture sound with greater clarity, accuracy, and richness. This ensures that the recorded audio is faithful to the original source and enhances the overall listening experience. The major players in the Asia-Pacific digital voice recorder market are releasing cutting-edge products for mission-critical uses, which is fueling the demand for durable digital voice recorders in the industry.

Report Scope and Market Segmentation

Segment Analysis

Asia-Pacific digital voice recorder market is segmented into seven notable segments based on type, recording format, memory, connectivity, application, power source, and end-user. 

• On the basis of type, the market is segmented into mono digital voice recorders, stereo digital voice recorders, voice activated digital voice recorders, specialty digital voice recorders, and others. In 2023, mono digital voice recorders segment is expected to dominate the market with a market share of 37.47%.
• On the basis of recording format, the market is segmented into MP3, WAV, and others.

The MP3 segment is expected to dominate the Asia-Pacific digital voice recorder market

In 2023, the MP3 segment is expected to dominate the market with a market share of 55.34% as these audio files can be streamed easily and without any disruptions over the internet as a result of their small size. This allows them to distribute easily without technical difficulties.

• On the basis of memory, the market is segmented into 8 GB, 16 GB, 32 GB, 4 GB, 2 GB, 1 GB, and others.

The 8 GB segment is expected to dominate the Asia-Pacific digital voice recorder market

In 2023, the 8 GB segment is expected to dominate the market with a market share of 29.91% as the memory unit with this capacity is valued for money and users mostly prefer economical memory units.

• On the basis of connectivity, the market is segmented into wired and wireless. In 2023, wired segment is expected to dominate the market with a market share of 70.53%.
• On the basis of application, the market is segmented into professional and personal. In 2023, the professional segment is expected to dominate the market with a market share of 64.41%.
• On the basis of power source, the market is segmented battery powered and plug. In 2023, the battery powered segment is expected to dominate the market with a market share of 85.55%.
• On the basis of end-user, the market is segmented into media & entertainment, healthcare, government & law enforcement, education, banking, financial services, and insurance (BFSI), industrial, aerospace & defense, automotive, and others. in 2023, media & entertainment segment is expected to dominate the market with a market share of 26.33%.

Major Players

Data Bridge Market Research recognizes the following companies as the major key players in the Asia-Pacific digital voice recorder market that include are Olympus Corporation (Japan), Sony (Japan), Zoom (Japan), Koninklijke Philips N.V. (Netherlands), Roland Corporation (Japan), TEAC Corporation (Japan), inMusic, Inc. (U.S.), Sennheiser electronic GmbH & Co. KG (Germany), Eastman Kodak Company (U.S.), Panasonic Marketing Middle East & Africa FZE (Japan), Honeywell International Inc. (U.S.), Shure Incorporated (U.S.), ShenzhenHengsite Industrial Co., Ltd. (China), Lectrosonics (U.S.), Coby (U.S.), Blast Radio (U.S.), Pulse Communication Systems Pvt Ltd. (India), Productech corp. (U.S.), and Movo  (U.S.) among others.       

Market Development

• In June 2023, Shure and Airtame announced a partnership at InfoComm 2023, offering optimum audio and flexibility for modern workspaces through the integration of Shure Stem Ecosystem devices and Airtame Hybrid Conferencing Solution. This collaboration simplifies collaboration in bring-your-own-device (BYOD) meeting rooms, providing users with streamlined meetings and a frictionless conferencing experience. This helped the company in enhancing the future of work and communication.
• In November 2022, Pulse Communication Systems Pvt Ltd. Is ISO 9001: 2015 certified company. ISO 9001:2015 is a globally recognized standard that outlines the criteria for implementing a quality management system. Achieving ISO 9001:2015 certification requires ongoing maintenance and regular audits to ensure compliance with the standard. Such certification helped a company establish a culture of quality, continuous improvement, and customer satisfaction, leading to operational excellence, enhanced reputation, and long-term business success.
• In November 2021, Productech dictopro recorder is recognized in the list of “5 best voice recorders for journalists” by Windows Report. Such recognition not only helped the company to gain attention globally but also assisted  in attracting more customers.
• In April, TEAC Corporation launched the V1.32 firmware update for the TASCAM Portacapture X8 enhancing its value by introducing important improvements. The update redefines the Punch I/O function as Overdub/Punch I/O, clarifying its purpose and making multitrack overdub recording more accessible. Furthermore, the update resolves wireless time code compatibility issues and enables connectivity with ATOMOS CONNECT and SHOGUN CONNECT products. The company benefited from the firmware update by increasing the overall value and functionality of the Portacapture X8, leading to improved productivity and better customer satisfaction.
• In July 2021, Sony Corporation launched new AI-featured digital voice recorder with Chinese-language speech-to-text functions which aims to tap into the growing demand for advanced features in the market. By integrating high-quality sound design and artificial intelligence capabilities, Sony aims to compete with successful Chinese vendors and meet the evolving needs of users, such as enlarged memory storage and multi-language speech-to-text functionality. 

Regional Analysis

Geographically, the countries covered in the Asia-Pacific digital voice recorder market report are China, Japan, South Korea, India, Malaysia, Taiwan, Australia, Singapore, Indonesia, Thailand, New Zealand, Philippines, Vietnam, and Rest of Asia-Pacific.      

As per Data Bridge Market Research analysis:

China is expected to dominated and the fastest-growing country the Asia-Pacific digital voice recorder market during the forecast period 2023-2030

China is expected to dominate the market due to several factors. The country has a well-established industrial and manufacturing sector, which creates a high demand for digital voice recorders in various applications. Moreover, the country has strict environmental and safety regulations, which require the use of high-quality digital voice recorders.

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