Wireless Microphone to Gain Popularity in Pro Microphone Market Through 2023 | Arizton

According to a market research report by Arizton, the growing popularity of audio equipment in government offices, institutional workplaces, and corporate houses is boosting the growth of the global pro microphone market.

Analysts at Arizton further adds that the increasing spending on music concerts and festivals around the globe fuel the adoption of a wireless microphone in the global market.

The wireless microphone segment dominates the global market and is expected to continue in this trajectory during the forecast period. The increased penetration of digital wireless technology has put the wireless microphone on the growth track worldwide. The exponential proliferation of sound reinforcement devices will create new lucrative opportunities for leading vendors in the market.

The global pro microphone market is anticipated to reach values of around $3 billion by 2023, growing at a CAGR of over 2% during 2018 – 2023.

Read the full report on Pro Microphone Market – Global Outlook and Forecast 2018-2023
https://www.arizton.com/market-reports/professional-microphone-market

Wireless Microphone – Overview

A wireless microphone offers more freedom to its users onstage and enhances their ability to interact with the performance environment. The use of these products eliminates the fear of disconnecting or damaging the cable during the performance. These wireless devices are specifically designed to offer a high level of flexibility and convenience. Product innovation and advancement in battery technology are primary focus areas of the leading vendors in the global market. End-users use various wireless microphone depending on the type of events and the environment, and these devices find wide applications in podcasting, public speaking, TV broadcasting, entertainment, and sporting events for commentary and announcement purposes. The varied advantages such as hand-free operations offered by these devices promote their usage among end-users worldwide. The demand for these devices is increasing in government infrastructure and corporate setups thereby, boosting market revenues.

The wireless microphone market is expected to reach values of over $2.3 billion by 2023, growing at a CAGR of more than 4% during 2018 – 2023.

Wireless Microphone – Product Type

Handheld – Transmitters are inside a handheld unit, and these devices are used mainly during presentations, onstage live events and concerts, and by reporters

Clip-on – These microphones are small and are also known as lapel or lavalier microphones. These can be clipped on or attached to users’ clothes

Others – These include headset microphones and are usually used by presenters, public speakers, and reporters

Wireless Microphone – Dynamics

Rapid advancement in technology is leading to the improvement in the performances of these devices and resulting in lower prices. These devices have become high-frequency efficiency and many high-end models offering over 18 microphones to be connected and operated simultaneously at the same time. Such factors are estimated to attribute to the growth of the global wireless microphone market during the forecast period. The growing importance of audio-visual (AV) conferencing within global and local corporate setups is creating new avenues for leading vendors in the global market.

The growing need for better sound quality and advanced devices among consumers is propelling the requirement for constant R&D in the global market. Also, offices are witnessing a rise in the number of meeting rooms per location which are increasingly being used for remote conferencing. The top vendors are focusing on developing new products that are efficient in terms of drop-outs, multi-path interference, and signal loss to attract new consumers in the global market. The top premium high-end microphone vendors such as Shure, Sennheiser, and Audio-Technica are dominating the global market. The prominent players are focusing on unexplored markets in Eastern and Central Europe, Latin America, and MEA to increase their market share.

The leading vendors in the global pro microphone market are Audio-Technica, HARMAN International (Samsung), Sennheiser, Shure, and Yamaha.

Read: Professional Wireless Microphone Market to Worth Over $1.7 Billion by 2023
https://www.arizton.com/news/press-release/professional-wireless-microphone-market

Read: Pro Microphone Market is Expected to Worth Over $3 Billion by 2023
https://www.arizton.com/news/press-release/pro-microphone-market-size

Order a report now: https://www.arizton.com/market-reports/professional-microphone-market

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