Wireless Microphone Market Forecasts to 2028 – Global Analysis By Type (Micro-Electro-Mechanical System (MEMS) Microphones, Electret Condenser Microphones (ECMS) and Other Types), Sound Direction (Unidirectional, Omnidirectional, BiDirectional and Cardoid

Wireless Microphone Market Forecasts to 2028 – Global Analysis By Type (Micro-Electro-Mechanical System (MEMS) Microphones, Electret Condenser Microphones (ECMS) and Other Types), Sound Direction (Unidirectional, Omnidirectional, BiDirectional and Cardoid), Frequency (Very High Frequency (VHF), Ultra-high Frequency (UHF), 2.4 GHz and Other Frequencies), Technology (Radio Frequency Channel and Radio Frequency Band), End User and By Geography

According to Stratistics MRC, the Global Wireless Microphone Market is accounted for $1.90 billion in 2022 and is expected to reach $3.54 billion by 2028 growing at a CAGR of 10.9% during the forecast period. A wireless microphone, also referred to as a cordless microphone, is a microphone that is used with sound recording or amplifying equipment but does not physically connect to it with a cable. It has a small, battery-operated radio transmitter integrated into the microphone body that transmits audio signals via radio waves to a nearby receiver device, which then receives and processes the audio. Through a cable, the reception device is joined to the other audio equipment. One kind of portable microphone has the transmitter built right into the body.

According to Forbes, in 2021, Saudi Arabia invested USD 64 billion in the entertainment industry to aid in turning the country into a top-tier destination for the industry, which is expected to create lucrative opportunities for the market.

Market Dynamics:

Driver:

Increasing developments of advanced microphones

The demand for the product is increasing as more technologically advanced microphones are developed and used in a variety of applications, including those found in large retail outlets, hotels, restaurants, and bars, offices, conference rooms, sports stadiums, and public gatherings like concerts and stage performances. This is expected to drive the Wireless Microphone market during the forecast period.

Restraint:

Inadequate availability of raw material

The lack of raw materials to supply the demand for microphone production is limiting market expansion. These microphones' raw materials include magnets, voice coils, and cables. The production process in the market may be hampered by a shortage of these materials.

Opportunity:

Increase in adoption of next generation consumer electronics

Consumer electronics are electrical devices with connectivity, sharing, and interaction capabilities with their owners and other intelligent devices. It differs from other consumer electronics products now on the market due to its smaller size and better computer power of a few gigabytes. The demand for wireless microphones is rising as a result of ongoing R&D expenditures made by market participants for the creation of new smart consumer electronics products, such as smartphones, smart wearables, and smart homes.

Threat:

Limitations in terms of sensitivity, noise, and power consumption

Wireless microphones are prone to interference, noise, drop-outs, and a variety of other RF issues. For both installed systems and live shows, these issues have the potential to be disastrous. Very little electricity is produced by microphones, which makes sense considering how light the moving parts must be in order to correctly track sound waves. The microphone's sensitivity is fixed at a given sound pressure level, and a particular signal is generated. However, a wireless microphone tends to use a lot of power and takes a long time to charge, which is a significant disadvantage for the market.

Covid-19 Impact:

The worldwide supply networks had numerous issues as a result of the COVID-19 pandemic. Numerous nationwide lockdowns continued to restrict or even stop the movement of finished goods and raw materials, slowing down production. The pandemic did not, however, raise any brand-new supply chain issues. It revealed previously unknown vulnerabilities in multiple industries, and many businesses have experienced labour shortages and losses as a result of COVID-19. However, it has sped up and made existing supply chain issues worse.

The clip-on is expected to be the largest during the forecast period

The clip-on segment is estimated to have a lucrative growth, as they are mostly utilized for hands-free applications in theatre, television, and public speaking. The growth could be attributable to the portability of clip-on microphones. Furthermore, while giving a speech or participating in public speaking events, these devices enable users to free up their hands. The clip-on wireless microphone makes use of the transmitter's enhanced RF performance, wide tuning, and high-density mode to enable wireless digital audio.

The 2.4 GHz segment is expected to have the highest CAGR during the forecast period

The 2.4 GHz segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the hassle-free setup and restricted channel bandwidth it offers. Compared to VHF and UHF, the 2.4 GHz frequency offers a higher quality audio stream. The key benefit of 2.4 GHz for wireless systems is that it can be used in numerous nations and regions without requiring a licence. The use of 2.4 GHz wireless frequency systems would be influenced by a number of factors, including those listed above.

Region with highest share:

North America region is projected to hold the largest market share during the forecast period owing to the largest music market in the world is located in North America. According to the International Federation of the Phonographic Industry (IFPI), the U.S. represents one-third of the global market for recorded music in terms of value. The American Federation of Musicians (AFM) or the American Federation of Television and Radio Artists are two of the major music unions that a large number of recording artists and performers in the United States are members of (AFTRA). Professional organisations like the Recording Academy, the American Composers Forum, role-based organisations like the Songwriters Guild of America, and genre-related organisations like the Gospel Music Association or the Americana Music Association exist in the nation.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the market's major players are concentrating on investing in R&D to create technologically superior and reasonably priced microphones for the APAC region. According to the IFPI's Global Music Report 2019, China was the seventh largest music recording market, while India was not even in the top ten, despite having the world's two largest populations. However, these days both nations are developing exponentially. Thus, a strong emphasis on the music business is anticipated to open up profitable market potential in the area.

Key players in the market

Some of the key players in Wireless Microphone market Harman International Logitech International S.A., Sennheiser Electronic GmbH & Co. KG, Sony Group Corporation, Saramonic, Shure Incorporated, Shenzhen Jiayz Photo Industrial., Ltd, Audio-Technica Ltd., Rode Microphones, Samson Technologies Corp., TDK Corporation, Bogen Communications LLC, SAMSUNG, Panasonic Corporation, Sony Corporation, LG Electronics

Key Developments:

In April 2022, Shure Incorporated introduced KSM11, the state-of-the-art wireless microphone capsule to provide high-quality vocal clarity. This microphone is specifically designed for use in broadcast, simulcast, and live-streamed performances.

In March 2022: Saramonic launched UwMic9S Mini UHF, a wireless microphone system under the UHF series. It is compact and can easily be attached and carried. It is compatible with DK3A lavalier microphones. This microphone system provides two-person wireless audio for broadcast, vloggers, filmmakers, mobile journalists, and content creators. Furthermore, it offers infrared synchronization and wide switching RF bandwidth, simplifying the pairing and using the process for users, making recordings easier.

In July, 2019, Logitech had acquired the Blue Microphone for $117 million, for entering into the high fidelity audio equipment market. Acquisition of the companies for the development of new products set to increase the wireless microphone market share of major companies.

Product Types Covered:
• Handheld
• Bodypack
• Clip On

Sound Directions Covered:
• Unidirectional
• Omnidirectional
• BiDirectional
• Cardoid Types

Frequencies Covered:
• Very High Frequency (VHF)
• Ultra-high Frequency (UHF)
• 2.4 GHz
• Other Frequencies

Technologies Covered:
• Radio Frequency Channel
• Radio Frequency Band

End Users Covered:
• Corporate
• Education
• Sporting Events
• Hospitality
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements