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Wireless microphones Market analysis (Report 2019-2027) – market size US$ 2.89 Billion by 2027

January 28, 2020 GMT

Sanjose, CA USA, January 28, 2020 (Wired Release) Credence Research The global market for wireless microphones was valued at US$ 1.90 billion in 2018 and is set to grow at 5.4 per cent CAGR during the forecast period.

Rising wireless devices worldwide penetration and the growing global event industry are the key drivers for the growth of the wireless microphone market. The global event industry is valued at around 1.05 Tn in 2018 and will continue to grow at a CAGR of almost 9.5 percent in the years to come. Increasing penetration of online education training, rising sporting events and the growth of the media entertainment industry are also boosting the growth of the wireless microphone market. Wireless microphones have various advantages over wired microphones, such as unrestricted movement, clean machine, setup flexibility, hands-free operation and others. Furthermore, the demand for wireless microphones is growing due to the benefits mentioned above. The increasing use of wireless microphones in government infrastructure is also boosting market growth. We therefore expect that the market for wireless microphones will show significant growth during the forecast period.

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Based on the product type, the global market for wireless microphones is led by the handheld segment in 2018, contributing more than 50% of the market share of revenue in the same year. The handheld segment is dominated by the penetration of these devices in music events, lectures, conferences, public speaking events, etc. Low cost, flexibility and reliability are the other factors in its dominance.  On the other hand, in the coming years, the clip-on segment will show the fastest growth. Light weight, portability, hands-free devices and other benefits of clip-on microphones are key growth drivers for the segment. As a result, we expect the clip-on segment to be the fastest growing segment in the forecast period.

[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction to the Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also included]

Browse Full Report Originally Published by Credence Research at: https://www.credenceresearch.com/report/wireless-microphone-market

Global market for wireless microphones can be segmented by regions into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, excluding Japan, Japan, and Middle East and Africa. The market for wireless microphones is dominant in North America due to the improved commercialization of new technologies. Asia-Pacific is also anticipated to witness high growth due to a rise in the consumer electronics market such as tablets, smartphones and increased technological developments in developing countries such as China and India.

Geographic Coverage

North America Wireless microphones Market Revenue and Forecast

Europe Wireless microphones Market Revenue and Forecast

Asia Pacific Wireless microphones Market Revenue and Forecast

Latin America Wireless microphones Market Revenue and Forecast

Middle East and Africa Wireless microphones Market Revenue and Forecast

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List of Companies Covered:

Audio-Technica Corporation

LEWITT GmbH

Røde Microphones, LLC

Samson Technologies Inc.

Sennheiser Electronic GmbH Co

Koninklijke Philips N.V.

Shure Incorporated

Sony Electronics, Inc.

Yamaha Corporation

Harman International Industries, Inc.

MIPRO Electronics Co., Ltd.

Key questions answered in this report

What was the market size of wireless microphone in 2018 and forecast up to 2027?

Which is the largest regional market by revenue for wireless microphone?

What are the major trends followed in overall wireless microphone across different regions?

What are the key market trends and high-growth opportunities observed in the wireless microphone market?

What are the drivers of the wireless microphone market?

Who are the key wireless microphone companies leading the market?

What are the key strategies adopted by the leading wireless microphone companies in market?

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Research methodology devised for this study:

Our methodology comprises a blend of primary and secondary research for engineering the market size, shares and estimations for global Wireless microphones market specific to key segments, and regional segmentation.

Secondary Research

Some of the basic, but most important sources referred during the study included company annual reports, press releases, and relevant documents throwing light upon the recent developments in the global Wireless microphones market. Reliable sources such as scientific journals, university research papers and government websites were equally referred for recognizing business opportunities in various geographical markets and market penetration of various products/services. In addition, paid databases were referred to collect information useful for extensive commercial study of the key players operating in Wireless microphones market. In case where no data was available on the public domain, we used modeling and estimates to arrive at comprehensive data sets. Secondary research helped to prepare a base for Wireless microphones market study.

Primary Research

The extensive secondary research carried out was complemented by extensive primary research to validate data and analysis. Primary research involved telephonic interviews, e-mail interactions as well as face-to-face interviews with the leading industry experts.

The participants tracked for primary interviews include:

Vice President/ CEOs

Marketing/product managers

Market intelligence managers

National sales managers

Purchasing managers

Distributors

Other stakeholders

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