Wireless Microphone Market Global Trends, Report Research, Top Key Players, Development, Growth, Share Forecast Till 2027
Key Companies Profiled Are Audio-Technica U.S., Inc., Harman International Industries, Incorporated, Lewitt Gmbh, Logitech, Inc. (Blue), Rode Microphones, Samson Technologies Corp., Saramonic, Sennheiser electronic GmbH & Co.
Pune, India -- (SBWire) -- 11/17/2020 --Fortune Business Insights offers a detailed overview of the global market in a report, Titled 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.
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Comprehensive analysis of the Medical Lighting Technologies Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies Wireless Microphone Market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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List of Key Players for Wireless Microphone Market
Audio-Technica U.S., Inc.
Harman International Industries, Incorporated
Logitech, Inc. (Blue)
Samson Technologies Corp.
Sennheiser electronic GmbH & Co. KG
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KEY QUESTIONS ANSWERED:
- What is the Wireless Microphone Market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Medical Lighting Technologies Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the Market?
- Which company accounted for the highest Wireless Microphone Market share?
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Major Segments for Wireless Microphone Market
- By Type
- By Frequency Band
Ultra-high Frequency (UHF)
Very-high Frequency (VHF)
Others (1.9 GHz)
- By End-user
Sports and Entertainment
Others (Worship House, Government, hospitality)
- By Region
North America (The U.S. and Canada)
Europe (The U.K., Germany, France, Italy, Spain and Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America
Drivers & Restraints-
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.
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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.
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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