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31% of Growth to Originate from Europe for Wireless Microphone Market |Convenience of Wireless Technology to Boost Growth |17000+ Technavio Reports
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TMCNet:  31% of Growth to Originate from Europe for Wireless Microphone Market |Convenience of Wireless Technology to Boost Growth |17000+ Technavio Reports

[December 13, 2021]

31% of Growth to Originate from Europe for Wireless Microphone Market |Convenience of Wireless Technology to Boost Growth |17000+ Technavio Reports

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:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Related Reports:
Wireless Audio Devices Market -The wireless audio devices market share is expected to increase by USD 82.47 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.07%. Download a free sample now!

Earphone and Headphone Market  -The earphone and headphone market share is expected to increase by USD 10.23 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.06%. Download a free sample now!



Wireless Microphone Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15.55%

Market growth 2022-2026

USD 3.36 billion

Market structure

Fragmented

YoY growth (%)

13.94

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

Europe at 31%

Key consumer countries

US, China, Germany, Japan, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio


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