Wireless Microphone Market Report

Wireless Microphone Market Analysis By Type (Handheld, Clip-on), By Technology (Wi-Fi Band, Radio Frequency Channel, Radio Frequency Band), By End-use, By Region, And Segment Forecasts, 2014 - 2025

Published: October 2017  |  138 Pages  |  Format: PDF  |  Report ID: GVR-2-68038-000-2

Industry Insights

The global wireless microphone market size was valued at USD 2,075.5 million in 2016 and is expected to witness remarkable growth over the forecast period. The growing use of these products in podcasting, public speaking, entertainment, and television broadcasting is expected to foster the demand for wireless devices over the next eight years. Moreover, increase in sports events across various regions has further encouraged the global industry growth.

The increase in sponsorships investments in sports activities is expected to propel the demand for wireless microphones. As of 2016, the estimated sponsorship investment in sports was over 40 billion thereby driving the market growth. These products are used for commentary and announcement purposes. Moreover, it stimulates market participants to develop wireless products for sports venues such as stadiums and indoor arenas. 

U.S. wireless microphone market, by type, 2014 - 2025 (USD Million)

U.S. wireless microphone market

These devices offer varied advantages such as hands-free operations that enable mobility and comfort unlike wired microphones. The use of these products in government infrastructure for communication applications is expected to propel the industry growth over the forecast period.

Wireless devices are expected to reduce consumer expenses as they reduce the cost of cabling. Furthermore, new products developed by companies are efficient in terms of signal loss and also eliminate issues such as proximity effect Thereby, enabling its use in applications including podcasting, recording, and live audio streaming.

Type Insights

The handheld segment dominated the market and was valued at USD 1,273.9 million in 2016. Handheld devices are used across various applications including music events, public speaking events, and lectures owing to their reliability and lower cost compared to other types.

The clip-on segment is expected to be the fastest-growing segment over the forecast period. The growth may be attributed to the light weight of clip-on microphones that enables portability. Moreover, these devices allow users to keep their hands free while delivering a speech or at public speaking events. The growth in public speaking events, is expected to stimulate the demand for clip-on devices.

Technology Insights

The Radio Frequency (RF) band is expected to emerge as the fastest-growing technology segment with a CAGR of 7.5% over the forecast period. The RF band enables a wide selection of channels that can be used depending on the application. Moreover, the changing spectrum regulations have enabled these products to employ the use of RF bands for efficient signal broadcasting.

Technological proliferation has enabled the use of Wi-Fi for signal transmission applications. The demand for frequencies such as 2.4 GHz is high across various regions. Furthermore, the use of multichannel RF equipment allows users to switch frequencies according to the transmission strength, thereby making broadcasting operations more reliable and preventing signal loss. The reduction in 600 MHz frequency band due to enforced regulations, has resulted in the increased use of other frequency bands such as 721 MHz - 750 MHz for RF signal transmission applications.

End-use Insights

Corporate is the largest end-use segment and was valued at USD 693.3 million in 2016. The growing need of wireless equipment for communication purposes has enabled its usage in corporate enterprises. The trend is witnessed in developing regions such as Asia Pacific and Latin America where companies are increasingly operating on a global level, which requires them to use these products for internal as well as external communications.

Sporting events is the fastest growing segment, registering a CAGR of 7.8% over the forecast period. The growth in sports events has surged the demand of microphone products for announcements, commentary, and speech purposes, among others. For instance, the International Olympic Committee (IOC) is expected to add new sports, such as baseball, skateboarding, sports climbing, and surfing, to the Olympic games, which is slated to be organized at Tokyo in 2020. This, consequently, is expected to foster the demand for wireless devices in the region.

Europe wireless microphone market, by end use, 2016 (%)

Europe wireless microphone market

Regional Insights

Asia Pacific is the fastest growing regional market, registering a CAGR of 8.4% from 2017 to 2025. The growing media and sports industry in the region is expected to propel the industry growth. Furthermore, the increasing trend of video logging in the region has enabled the adoption of RF-enabled products for effective sound recording. Latin America is expected to encourage lucrative market growth owing to the developing media industry in the region.

North America is the largest regional market followed by Europe owing to key industry players such as Shure incorporated and Sennheiser Electronic GmbH & Co. based in this region. Moreover, products introduced by industry players are initially adopted by the local market, thereby enabling the North American region to account for the largest industry share in terms of revenue.

Competitive Insights

Key players in the industry include AKG Acoustics, Audio-Technica Corporation, Blue, LEWITT GmbH, Rode Microphones, Samson Technologies Inc., Sennheiser Electronic GmbH & Co., Shure Incorporated, Sony Electronics, Inc., and Yamaha Corporation, among others.

The industry is characterized by the presence of big as well as local manufacturers. The pricing and quality of products are significant distinguishing factors that form the basis of competition. Prominent industry vendors have authorized distribution channels that supply products across various regions. External factors such as changing regulations enable industry participants to either develop new products or innovate existing ones.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, UK, Germany, China, India, Japan, and Brazil

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global wireless microphone market based on types, technologies, end-uses, and regions.

  • Type Scope (Revenue, USD Million; 2014 - 2025)

    • Handheld

    • Clip-on

    • Others

  • Technology Scope (Revenue, USD Million; 2014 - 2025)

    • Wi-Fi Band

      • 2.4 GHz

      • 3.6 GHz

      • 5 GHz

    • Radio Frequency Channel

      • Single Channel

      • Dual Channel

      • Multi-Channel

    • Radio Frequency Band

      • 540 MHz - 680 MHz

      • 721 MHz - 750 MHz

      • 823 MHz - 865 MHz

  • End-use Scope (Revenue, USD Million; 2014 - 2025

    • Corporate

    • Education

    • Hospitality

    • Sporting Events

    • Others

  • Regional Scope (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

    • MEA

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