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The global wireless microphone market size was valued at USD 1.66 billion in 2021. The market is projected to grow from USD 1.72 billion in 2022 to USD 3.29 billion by 2029, exhibiting a CAGR of 9.7% during the forecast period.
This information is stated by Fortune Business Insights, in its report titled, “Wireless Microphone Market Size, Share & COVID-19 Impact Analysis, By Type (Handheld, Bodypack, Tabletop), By Frequency (Ultra-high Frequency, Very High Frequency, 2.4 GHz, and Others), By Application (Auditorium, Theaters, Studios, Shopping Malls, Hotels, Restaurants, Bars, Large Retails, Malls, Parking Lots, Airports, Bus Stations, Education Institutes and Universities, Offices, Conferences Rooms, Sports Venues, Stadium, Public Gatherings, Concerts, Stage Shows, and Others), and Regional Forecast, 2022-2029.”
Supply Chain Interruptions and Shutdown of Production Units Hindered Wireless Microphone Market Growth during COVID-19
The COVID-19 pandemic commenced numerous difficulties in terms of the global supply networks. Various nationwide lockdowns have prevailed to hamper or even terminate the mobility of raw materials and finished goods, thus obstructing the manufacturing process. Nevertheless, the pandemic has not dynamically presented new supply chain concerns. It enclosed previously unknown weak sides in multiple industries, and numerous corporations have experienced worker scarcity and damages owing to COVID-19. Anyhow, it has hastened and exacerbated the already-existing supply chain problems.
Shure Incorporated Launches SLX-D System
Shure Incorporated unveiled an innovation to its digital wireless system, SLX-D. The system offers new mechanical designs, great audio quality, a well-organized setup, reliant RF performance, and more. SLX-D can be utilized in corporate spaces, educational establishments, the hospitality sector, as well as local governments. Moreover, the novel system is presented in single and dual-channel variations.
Augmenting Requirement and Progression of Compact Wireless Microphones to Encourage Market Progress
The ever growing demand for wireless technology in various industries is contributing to audio communications and conferencing solutions in commercial and professional environments. This has evolved the communication business with several enhancements and progressions in wireless system technology.
The prime corporations in the market are struggling to administer and innovate novel advancements in microphones, one of them being compact wireless technology. They offer compact wireless microphones compatible with mobile, wind cap, and cameras.
Important Business-related Announcements by Key Players to Influence Market Dynamics
Fundamental companies in the market often make crucial announcements regarding some business moves, which, in turn, affect the market either positively or negatively. Players acquire companies, launch new products, engage in partnership deals, sign contracts with government organizations, and so on.
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Notable Industry Developments:
List of Players Covered in the Report
Further Report Findings
North America to hold the largest wireless microphone market share during the forecast period. North America is the core region to the world’s largest music market.
Based on application, the market is categorized into auditorium, theaters, studios; shopping malls, hotels, restaurants, bars, large retails, malls; parking lots, airports, bus stations; education institutes and universities; offices, conferences rooms; sports venues, stadium, public gatherings, concerts, stage shows; and others.
Table of Segmentation
Value (USD million)
By Type, Frequency, Application, and Geography