NEW YORK , Dec. 13, 2021 /PRNewswire/ -- 31% of the market's growth will originate from Europe for Wireless Microphone Market. Germany is the key market for wireless microphones in Europe . Market growth in Europe will be faster than the growth of the market in other regions. The new product launches, rising average dual-household incomes, increase in adoption of smart consumer electronics, and growing online sales will facilitate the wireless microphone market growth in Europe over the forecast period
According to Technavio, the wireless microphone market estimates a market value of USD 3.36 billion from 2021 to 2026. In addition, the report projects the market to progress at a CAGR of 15.55%.
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Wireless Microphone Market: Driver & Challenge
Convenience of wireless technology to drive growth
The key factor driving growth in the wireless microphone market is the convenience of wireless technology. The emergence of wireless technology is one of the major technological advances in the 21st century. Short-range radio waves help in sharing data such as pictures, music, documents, and videos. These waves are also used in microphones and speakers to collect voice or sound, convert it into electronic signals, and transfer signals without wires, which helps in sharing sound from a smart device to a wireless audio device. The increased use of wireless headphones with integrated microphones is likely to increase the requirement for wireless microphones rather than conventional wired microphones.
Privacy and security concerns to impede growth
The privacy and security concerns will be a major challenge for the wireless microphone market during the forecast period. As wireless audio devices such as microphones stay connected with communication networks, they are exposed to the risks of cybersecurity hacks. Vendors have become increasingly cautious due to the growing incidences of cybersecurity attacks. Unauthorized collection transfer and use of personal data are some of the biggest challenges associated with using wireless microphones.
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Wireless Microphone Market: Segmentation Analysis
This market research report segments the wireless microphone market by Type (handheld, clip-on, and tabletop) and Geography (North America , Europe , APAC, South America , and MEA).
The wireless microphone market share growth by the handheld segment will be significant for revenue generation. Handheld wireless microphones are expected to be the most demanded wireless microphones. These microphones are battery-powered and are connected with amplifying devices and recording devices through Bluetooth or radio waves. Handheld wireless microphones are being used by ground news reporters to support their mobility and negate background sounds. Moreover, these microphones are increasingly being used in live shows and concerts by artists. Considering these factors, the market for handheld wireless microphones is expected to grow.
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Some of the key topics covered in the report include:
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Accelerate at a CAGR of 15.55%
North America, Europe, APAC, South America, and MEA
US, China, Germany, Japan, and Canada
Leading companies, competitive strategies, consumer engagement scope
Audio-Technica US Inc., Lewitt GmbH, MIPRO Electronics Co. Ltd., Rode Microphone, Samson Technologies Corp., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH and Co. KG, Shure Inc., Sony Group Corp., and Yamaha Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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