Wireless Microphone Market Development Trends Report By 2030
The global wireless microphone market size was valued at USD 2.50 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. Wireless microphones are used for commentary and announcement purposes. The growing use of these products in podcasting, public speaking, entertainment, and television broadcasting expected to foster the demand for wireless devices over the next eight years. Moreover, increased sports events across various regions have encouraged global industry growth. The increase in sponsorships investments in sports activities is expected to propel the demand for wireless microphones. Moreover, it intrigues market participants to develop wireless products for sports venues such as stadiums and indoor arenas.
Unlike wired microphones, these devices offer varied advantages, such as hands-free operations that enable mobility and comfort. Using these products in government infrastructure for communication applications is expected to propel the industry growth over the forecast period. New products developed by companies are efficient in terms of signal robustness and also eliminate issues such as proximity effect, thus enabling its use in applications including podcasting, recording, and live audio streaming.
Gather more insights about the market drivers, restrains and growth of the Global wireless microphone market
Wireless Microphone Market Segments Highlights:
- The handheld segment dominated the wireless microphone market with a revenue of USD 1.52 billion in 2022. Handheld devices are used across various applications, including music events, public speaking events, and lectures, owing to their reliability and lower cost than other products.
- The clip-on segment is expected to witness the fastest growth at a CAGR of 7.3% during the forecast period.
- Corporate is the largest end-use segment, valued at USD 812.0 million in 2022. The growing need for wireless equipment for communication purposes has enabled its usage in corporate enterprises.
- Sporting events is the fastest-growing segment, registering a CAGR of 8.2% over the forecast period.
- The radio frequency channel segment accounted for the largest revenue share of 63.2% in 2022. The radio frequency channel enables a wide selection of channels that can be used depending on the application.
- The radio frequency band segment is expected to experience rapid growth with a CAGR of 7.9% from 2023 to 2030.
- Asia Pacific is the fastest-growing regional market, registering a CAGR of 8.9% from 2023 to 2030. The region's growing media and sports industry is expected to propel the industry growth.
- North America is the largest regional market, with a market value of USD 1.12 billion in 2022, followed by Europe, owing to key industry players such as Shure Incorporated and Sennheiser Electronic GmbH & Co. based in this region.
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Wireless Microphone Market Segmentation
Grand View Research has segmented the global wireless microphone market report on the basis of product, technology, end-use, and region:
Wireless Microphone Product Outlook (Revenue, USD Million, 2017 - 2030)
- Handheld
- Clip-on
- Others
Wireless Microphone Technology Outlook (Revenue, USD Million, 2017 - 2030)
- Wi-Fi Band
- 4 GHz
- 6 GHz
- 5 GHz
- Radio Frequency Channel
- 540 MHz - 680 MHz
- 721 MHz - 750 MHz
- 823 MHz - 865 MHz
- Single Channel
- Dual Channel
- Multi-Channel
- Radio Frequency band
Wireless Microphone End-use Outlook (Revenue, USD Million, 2017 - 2030)
- Corporate
- Education
- Hospitality
- Sporting Events
- Others
Wireless Microphone Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
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