Bluetooth Segment to Account for 32.24% Global Wireless Microphone Market Share

 

In every imaginable end-use industry worldwide, automation and the internet of things (IoT) are driving the wireless microphone market. Consumer electronics, medical electronics, industrial robots, automotive electronics, and other industries are currently in strong demand for MEMS and ECM. High-level competition necessitates rapid new product creation to compete in the global market. The market for wireless microphones is increasing due to the continued desire for technological improvements such as 5G technology, automation, the internet of things, and others.

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Data Bridge Market Research analyses that the wireless microphone market is expected to grow at a CAGR of 7.8% in the forecast period of 2022 to 2029 and is expected to reach USD 2,904.13 million by 2029. One of the primary elements driving demand for wireless microphones worldwide is the increasing use of consumer devices such as tablets, laptops, and mobile phones in everyday life. Furthermore, podcasting in business-to-business (B2B) and business-to-consumer (B2C) segments to develop a brand image and reach a wider audience is providing lucrative growth prospects for industry investors and driving market expansion.

Wireless Microphone Market

Surging demand from entertainment sector is expected to drive the market's growth rate during the forecast period.

With the explosive rise of Video-on-Demand services and the expanding penetration of 4G around the globe, the entertainment sector is expected to get a huge boost. The availability of high-speed internet and the growing number of smartphone users are driving up demand for entertainment video material. With customers' significant interest in short films, TV programs, and other forms of entertainment, the entertainment market is gaining traction. As a result of the increased need for rich material, various audio and video capture methods or equipment, such as wireless microphones, are seeing increased demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America

Market Players Covered

Shure Incorporated (U.S.), Sennheiser electronic GmbH & Co. KG (Germany), Cirrus Logic, Inc. (U.S.), Lectrosonics (U.S.), Audio-Technica (Japan), RØDE (Australia), MIPRO Electronics (Taiwan), Yamaha Corporation (Japan), LEWITT GmbH (Austria), Saramonic (U.S.), TONOR (U.S.), Phenyx Pro (U.S.),Honeywell International Inc. (U.S.), Robert Bosch GmbH (Germany), Crestron Electronics, Inc. (U.S.), Bogen Communications LLC (U.S.), SAMSUNG (South Korea), Turtle Beach (U.S.), Knowles Electronics (U.K.), Bose Corporation (U.S.),Sonos, Inc. (U.S.),GoPro Inc. (U.S.),TOA Corporation (Japan), Plantronics, Inc. (U.S.),Panasonic Corporation (Japan), Sony Corporation (Japan), LG Electronics (South Korea), TDK Corporation. (Japan),Goertek (China), VOXX International Corp. (U.S.)

Data Pointers Covered in Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Segment Analysis:

The wireless microphone market is segmented on the basis of type, product type, technology, price and application.

  • On the basis of product type, the global wireless microphone market is segmented into handheld, clip on and bodypack. In 2022, handheld segment is expected to dominate the global wireless microphone market with 43.18% market share due to the flexibility in precise 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. In 2022, the micro-electro-mechanical system (MEMS) microphones segment is expected to dominate the global wireless microphone market with 73.84% due to the implementation of a highly improved noise cancellation ration micro-electro-mechanical system (MEMS) microphones.

In 2022, the micro-electro-mechanical system (MEMS) microphones segment is projected to hold the largest share of type segment in the wireless microphone market

In 2022, the micro-electro-mechanical system (MEMS) microphones segment is anticipated to hold the largest share of the global wireless microphone market due to the implementation of a highly improved noise cancellation ration micro-electro-mechanical system (MEMS) microphones. The micro-electro-mechanical system (MEMS) microphones segment is growing with a CAGR of 8.0% in the forecast period of 2022 to 2029.

  • 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 rising 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 due to 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 due to the increasing demand for wireless microphones in music and film industry.

In 2022, the entertainment segment of application segment is anticipated to dominate the wireless microphone market

In 2022, the entertainment segment of this market will dominate the wireless microphone market due to the increasing demand for wireless microphones in music and film industry. The entertainment segment is expected reach the highest CAGR of 8.8% in the forecast period of 2022-2029.

Major Players

Data Bridge Market Research recognizes the following companies as the major wireless microphone market players in wireless microphone market are Shure Incorporated (U.S.), Sennheiser electronic GmbH & Co. KG (Germany), Cirrus Logic, Inc. (U.S.), Lectrosonics (U.S.), Audio-Technica (Japan), RØDE (Australia), MIPRO Electronics (Taiwan), Yamaha Corporation (Japan), LEWITT GmbH (Austria), Saramonic (U.S.), TONOR (U.S.), Phenyx Pro (U.S.),Honeywell International Inc. (U.S.).

Wireless Microphone Market

Market Development

  • In December 2021, MIPRO Electronics had announced the launch of MIPRO MI-58. It is a new breed of Digital IEM System. The MI-58R bodypack and the MI-58T transmitter make up the system. The company's product portfolio was improved as a result of this new launch.
  • In March 2021, RØDE announced the Wireless GO II compact digital wireless microphone system launch. The Wireless GO II Single is the ultimate do-it-all microphone for solo content creators, with the same ultra-compact form factor and unmatched feature set as the original but only one transmitter instead of two. The company's product portfolio was improved as a result of this new launch.
  • In January 2022, Vitec Imaging Solutions announced the acquisition of Audix and its affiliates. Audix is a leading, high-quality microphone brand for studio and live performance audio with a cult following in the US market, based in Portland, Oregon. The well-known brand specializes in high-end vocal and instrument microphones for studio, commercial, and live applications, using cutting-edge audio technology invented and manufactured in the United States.

Regional Analysis

Geographically, the countries covered in the wireless microphone market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest 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 - 2029

North America will continue to dominate the wireless microphone market in terms of market share and market revenue with a CAGR of around 8.1%. It will continue to flourish its dominance during the forecast period due to increase in the demand for head-worn, handheld, and instrument wireless microphones in this region. United States dominates the North America region due to the exponential use of wireless microphones in concerts, musical events, sporting tournaments, and broadcasting studios in this region.

Global Wireless Microphone Market

Asia-Pacific is estimated to be the fastest growing region in wireless microphone market the forecast period 2022 - 2029

Asia-Pacific region is anticipated to grow at the highest rate during the forecast period of 2022-2029 due to the implementation of advanced technology and presence of major key players in the regions. The China dominates the Asia-Pacific region due to rise in the entertainment industry and growing podcasting, public speaking, and other events.

COVID-19 Impact Analysis

COVID-19 had a significant impact on the wireless microphone market, as practically every country chose to shut down all production facilities except those that produce vital items. To prevent the spread of COVID-19, the government has adopted a number of tough measures, including shutting down manufacturing and sales of non-essential goods, blocking foreign trade, and more. Only critical services that are allowed to open and perform processes are dealing with this pandemic condition. The global wireless microphone market is expanding as the automobile industry becomes more automated, increasing demand for a variety of wireless microphone-related goods used in driver assistance systems, controllers, power integrated devices, telematics, and global positioning systems (GPS). Electric cars (EVs) and driverless vehicles both use these gadgets. As a result, the projection period is expected to see an increase in demand for electric vehicles. However, problems such as a lack of raw material to match the demand for wireless microphones were limiting the market's growth. The stoppage of production facilities has significantly impacted the market during the pandemic emergency.

Manufacturers are pursuing a variety of strategic measures in order to recover from COVID-19. The players are carrying out multiple research and development initiatives in order to improve the technology involved in the Wireless microphone. The companies will use this to bring innovative and precise controllers to market.

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