How Wireless Microphone Market 2021 is Booming Worldwide with Top Leading Players – Audio-Technica U.S., Inc., Harman International Industries, Incorporated, Lewitt Gmbh, Logitech, Inc. (Blue), Rode Microphones

The global wireless microphone market is set to gain impetus from the increasing occurrences of live music events, such as Rock in Rio, Summerfest, and Sunburn across the world. This information is given by Fortune Business Insights™ in a report, titled, “Wireless Microphone Market Size, Share & Covid-19 Impact Analysis, By Type (Handheld, Bodypack, and Tabletop), By Frequency band (Ultra High Frequency (UHF), Very High Frequency (VHF), 2.4 GHz, and Others), By End-user (Corporate, Retail, Transportation, Education, Healthcare, Sports and Entertainment, Others), and Regional Forecast, 2020-2027.” The report further mentions that this market size was USD 1.84 billion in 2019 and is projected to reach USD 3.60 billion by 2027, exhibiting a CAGR of 8.8% during the forecast period.

Highlights of the Report:

While making the wireless microphone market report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market.

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Key questions answered in the report:

What will the Wireless Microphone Market growth rate of Nuclear Medicines Radioisotopes market in 2026?
What are the key factors driving the global Nuclear Medicines Radioisotopes market?
Who are the key manufacturers in Wireless Microphone Market space?
What are the market opportunities, market risk and market overview of the market?
What are sales, revenue, and price analysis of top manufacturers of Wireless Microphone Market?
Who are the distributors, traders and dealers of market?
What are the Wireless Microphone Market opportunities and threats faced by the vendors in the global Nuclear Medicines Radioisotopes industry?
What are sales, revenue, and price analysis by types and applications of market?
What are sales, revenue, and price analysis by regions of Wireless Microphone Market industry?

Drivers & Restraints-

Rising Usage of Wireless Microphones by TV News Reporters to Boost Growth

The demand of efficient and reliable sound systems with superior audio quality is increasing because of the increasing number of corporate gatherings, concerts, sports events, and festivals. TV news reporters are also looking for a way to respond to particular breaking news by going to the desired areas at any time of the day to provide the broadcasting studios with live reports. These microphones are the best suited devices for these reporters as they offer a two-way wireless link between them and the cameramen. Therefore, talkback, wireless cameras, and radio microphones are experiencing high popularity in the media and entertainment industry. These are not only portable, but are also flexible.

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Migration of Workers to Their Hometowns Owing to COVID-19 will Hamper Growth

The outbreak of COVID-19 pandemic has impacted the manufacturing processes negatively on a large scale. It has forced manufacturers to emphasize more on introducing new working opportunities, workforce safety protocols, manufacturing operations, and risk management. This pandemic has also caused the migration of workers to their hometowns on account of the rising uncertainties and loss of income. It is set to affect the workforce of certain companies extensively. These factors are expected to hamper the wireless microphone market growth in the near future.

Segment-

Sports & Entertainment Segment to Grow Steadily Backed by Rising Usage of Wireless Microphones

In terms of end user, the market is divided into sports & entertainment, healthcare, education, transportation, retail, corporate, and others. Out of these, the sports & entertainment generated 23.0% in 2019 in terms of wireless microphone market share. This is growth is attributable to the rising usage of cordless microphone in sports events, concerts, and broadcasting events.

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Regional Analysis-

Presence of Several Industry Giants to Favor Growth in North America

North America procured USD 0.68 billion in terms of revenue in 2019 on account of the presence of a large number of prominent companies in this region. Besides, the increasing popularity of broadcasting studios, sports tournaments, and music concerts would augment growth. Asia Pacific is anticipated to grow significantly backed by the rising adoption of 5G technology, connected devices, and Internet of Things (IoT) in this region. Europe would grow moderately because of the higher demand for wireless services from several countries.

Competitive Landscape-

Key Players to Intensify Competition by Launching Innovative Wireless Microphones

The Wireless Microphone Market is highly fragmented with the presence of a large number of companies worldwide. They are persistently striving to introduce state-of-the-art cordless microphones to cater to the demand of the consumers belonging to a wide range of industries. Below are two of the latest industry developments:

January 2020: Audio Technica, Inc. expanded the pre-existing functionalities of its 3,000 series ultra-high frequency wireless systems by incorporating a network port. It would aid the company in providing unique systems to the consumers.
May 2019: Yamaha Corporation introduced its latest wireless extension microphone that is specially designed with Yamaha CS-700 Video Sound Collaboration System.

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Highlights of the Report:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Wireless Microphone Market.
Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Wireless Microphone Market
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Wireless Microphone Market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Wireless Microphone Market

Fortune Business Insights™ presents a list of all the manufacturers operating in the Wireless Microphone Market. They are as follows:

Audio-Technica U.S., Inc.
Harman International Industries, Incorporated
Lewitt Gmbh
Logitech, Inc. (Blue)
Rode Microphones
Samson Technologies Corp.
Saramonic
Sennheiser electronic GmbH & Co. KG
Shure Incorporated
Sony Corporation
Yamaha Corporation

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