Wireless Microphone Market
Wireless Microphone Market size was valued at $ 301.4 million in 2020 and is expected to grow at a CAGR of 8.3% during forecast period 2021-2026 owing to increasing adoption of wireless microphones in education, corporate, sports and entertainment events sector. The shift to cordless microphones with radio transmitter from the conventional wired type due to connectivity advantages and competitive price wireless devices over the wired ones is also set to drive the wireless microphone market for the period. The Wireless Microphone market is also driven by factors such as increasing demand from educational institutions due to higher productivity of students and demands from online performing artists. Rising adoption of commercial microphones due to rapid technological advancements as well growth of consumer electronics industry.
Report coverage
The report: “Wireless Microphone Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wireless Microphone Market.
By Type: Condenser, Dynamic, Electret, Ribbon, Others.
By Sound direction: Uni directional, Omni directional, Bi directional, Cardioid.
By Microphone Type: Clip On, Handheld.
By Technology: Bluetooth, Wi-Fi, Radio Frequency and Others.
By End User: Government, Educational institutions, Entertainment, Consumers, Enterprises, Others.
By Geography: North America, South America, Europe, APAC, RoW.
Key takeaways
North America dominates the Wireless Microphone market owing to increasing spectators for live events and increasing subscription purchases for video on demand services respectively is analyzed to drive the wireless microphone market demand.
Clip-on wireless microphone market to experience significant growth owing to the rising demand from entertainment, sporting event and education sector.
High adoption of Wi-Fi bands owing to its lower loses and less interference with uncompromised performance in the corporate and entertainment sector is driving the market growth.
Growing adoption of wireless lavalier microphones for public speaking applications in order to allow hands free operation set to drive the wireless microphone market growth.