Global Wireless Microphone Market to 2028 - Rise in Sponsorship Investments Present Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Wireless Microphone Market Share, Size, Trends, Industry Analysis Report, By Type; By End-Use; By Technology; By Region; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.

The global wireless microphone market size is expected to reach USD 2.56 billion by 2028 according to a new study. This report gives a detailed insight into current market dynamics and provides analysis on future market growth.

Wireless microphone enables functions without the requirement of a wire or cable and successively connects to the sound system or amplifying equipment.

Increasing consumer electronics products and services in podcasting, public speaking, and television broadcasting is likely to foster the demand for such devices in the coming future. The growing demand for these devices is directly influencing the industry's growth. Over the past few years, smartphones have been well equipped with MEMS microphones, as they are well suited for the desired necessity. It is estimated that the worldwide shipment of smartphones in 2019 stood at 1.4 billion units. The use of such products in consumer electronics has also added momentum to product uptake.

Key Participants in the market such as LEWITT GmbH, Saramonic, Sennheiser electronic GmbH & Co. KG, Harman International Industries, Yamaha Corporation, inMusic Brands, AKG Acoustics, Logitech, Inc., Baltic Latvian Universal Electronics, LLC, RODE Microphones, Samson Technologies Corp., Shure Asia Limited, Sony Corporation, and Audio-Technica.

Players in the market are focusing on developing low-cost products to gain a strong position in the industry. Prominent industry players have authorized distribution channels that supply products across numerous regions. In May 2020, Shure, Inc. collaborated with Quantum Systems to enhance its capabilities to offer better quality and security. This collaborative effort led them to establish Q5X wireless transmitters to enable such technology.

The publisher has segmented the wireless microphone market report on the basis of type, technology, end-use, and region:

Wireless Microphone, Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Handheld
• Clip-on
• Others

Wireless Microphone, Technology Outlook (Revenue, USD Billion, 2016 - 2028)

• Wi-Fi Band
• Radio Frequency Channel
• Radio Frequency Band

Wireless Microphone, End-Use Outlook (Revenue, USD Billion, 2016 - 2028)

• Corporate
• Education
• Hospitality
• Sporting Events
• Others

Wireless Microphone, Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
• U.S
• Canada
• Europe
• France
• Germany
• UK
• Italy
• Spain
• Netherlands
• Austria
• Asia Pacific
• China
• India
• Japan
• Malaysia
• South Korea
• Indonesia
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa

Market Dynamics

Drivers and Opportunities

• Innovations in the industry
• Rise in sponsorship investments

Restraints and Challenges

• Low profit margin

Companies Mentioned

• AKG Acoustics
• Audio-Technica
• Baltic Latvian Universal Electronics LLC
• Harman International Industries
• inMusic Brands
• LEWITT GmbH
• Logitech Inc.
• RODE Microphones
• Samson Technologies Corp.
• Saramonic
• Sennheiser electronic GmbH & Co. KG
• Shure Asia Limited
• Sony Corporation
• Yamaha Corporation

For more information about this report visit https://www.researchandmarkets.com/r/9z9hvd