Wireless Microphone Market

Wireless Microphone Market: Will the Availability of Low-Cost Substitutes Challenge the Performance of the Market in SEA: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)

  • 2018-04-04
  • REP-GB-6486
  • 294 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Wireless Microphone Market

This study offers a comprehensive, 360 degree analysis on the Wireless Microphone market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Wireless Microphone market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Manufacturers of wireless microphones would do well to focus on expanding their business across countries in the APAC and North America where there is increasing demand for innovative wireless microphones that are used in various applications such as public speaking, interviews, corporate conferences, house of worship, and concerts. The exponential use of wireless microphones in concerts, musical events, sports events, and broadcasting studios across the globe along with a growing adoption in educational institutes is primarily responsible for a significant increase in the revenue share of the global wireless microphone market.

Adoption of wireless microphones to increase exponentially in North America

There has been an increase in the demand for head worn, handheld and instrument wireless microphones in North America over the past few years. An exponential use of wireless microphones in concerts, musical events, sporting tournaments, and broadcasting studios in this region is fueling revenue growth of the wireless microphone market across North America. U.S. is the dominant country in the North America wireless microphone market. The presence of various key players and the advancement of wireless technologies are some of the factors that support the dominance of the U.S. in the global wireless microphone market.

South East Asia (SEA) to give tough competition to North America in terms of adoption of wireless microphones

The growth in IoT and M2M communication in India and ASEAN countries has created immense opportunity for the wireless microphone market in SEA. Also, governmental initiatives towards the development of wireless technology is also supporting the growth of the market in the region. In Asia Pacific, wireless microphone manufacturers are focused on investing in R&D activities to develop advanced and cost-effective products in order to gain a competitive advantage in the market. For instance, handheld microphones are made for hands-free operations in various applications such as events, concerts, corporate meetings, etc. The advancement in wireless microphone technology is fuelling the growth of the wireless microphone market in the SEA region. Various innovations in audio technology are further expected to boost revenue growth of the wireless microphone market. The Asia Pacific wireless microphone market is growing rapidly owing to recent innovations that offer unique capabilities in products and provide various benefits to manufacturers.

Western and Eastern Europe to climb the growth ladder in the long run

Manufacturers of wireless microphones in Europe have been focusing on building a fast and more effective sales and distribution network for their products across key local markets. As a part of meeting their objectives, manufacturers are using online sales channels to help customers buy various types of microphones. Furthermore, they are also providing price incentives for online purchases, and have been stationing their direct business development representatives and agents in various cities to ensure quick product delivery. The launch of corporate e-learning programmes, which are designed for skill development and to train employees, is driving the demand for wireless microphones in the global market. The implementation of IT-enabled training rooms coupled with a boost in the employment rate in some of the major European countries is expected to contribute to the revenue growth of the global wireless microphone market during the forecast period.

Russia is one of the prominent countries in the Europe wireless microphone market. The continuous development in wireless technology and an increase in the number of events and shows due to a steady rise in tourism is one of the major factors contributing to the growth of the wireless microphone market in the region.

An analysis of the key trends driving the global information and communication technologies sector forms the basis of this extensive research on the wireless microphone market

The global digital ecosystem has been continuously evolving over the last few years. The worldwide ICT sector has witnessed some key disruptions of late and governments of various economies are devising and implementing smart and inclusive regulations to govern sector penetration and facilitate technology connectivity to all parts of the world. Even as the world of technology prepares for a massive revolution with unimaginable advancements powered by machine intelligence, here are some of the key drifts presently trending the global ICT sector:

  • Mobile as the new internet accessibility engine: Currently, about three-fourths of internet usage is through mobile phones, with an increasing usage witnessed in low-income and middle-income countries. Yet, over half the world’s population is bereft of mobile broadband internet services. Mobile data providers have accepted this challenge and are targeting niche, unpenetrated markets with high-speed connectivity offerings to increase their customer base.

  • Cloud computing to shoot beyond the sky: Cloud is a potent catalyst in all technological advances of the 21st Cloud is transforming the way enterprises handle big data, and ICT companies are looking to deploy new mechanisms and tools to “speak to data” and acquire the relevant information capable of impacting cross sector business growth.

  • Swifter integration of networks and technologies: ICT will continue to disrupt industries and with an increasing shift in focus towards cross-functional platforms that integrate networks, devices, and technologies, a structured integration of communication applications and protocols is fueling new service offerings.

  • An app-led technology universe: If mobile is at the heart of the ICT revolution, mobile apps are the arteries that pump in the necessary innovation for survival. The rise of start-ups offering a plethora of mobile apps is set to revolutionize the entire paradigm of the global ICT sector.

  • Cyber readiness is the norm: A rapid digitalization has also upped the risk of cybercrimes and cyber-attacks. Mobile companies are working to build secure ICT servers and networks and cybersecurity is of paramount importance today while introducing new products and services in the global market.

An exhaustive research methodology to obtain pertinent insights on trends governing the adoption of wireless microphones

FMI utilizes a robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any. In addition, we leverage our existing pool of information, paid databases and other valid information sources available in the public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary

  • Market Definition

  • Macro-economic analysis

  • Parent Market Analysis

  • Market Overview

  • Forecast Factors

  • Segmental Analysis and Forecast

  • Regional Analysis

  • Competition Analysis

Target Audience

  • Production Companies

  • Suppliers

  • Channel Partners

  • Marketing Authorities

  • Subject Matter Experts

  • Research Institutions

  • Financial Institutions

  • Market Consultants

  • Government Authorities

Market Taxonomy

By Supporting Technology

By Type

By End User

By Region

  • Bluetooth

  • Wi-Fi

  • Others (NFC, RFID, etc.)

  • Handheld

  • Clip-on

  • Headworn

  • Lavalier

  • Bodypack

  • Others

  • Events

  • Education

  • Corporate Sector

  • Media & Entertainment

  • Government

  • Aerospace & Defense

  • Others

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific

  • China

  • Japan

  • Middle East and Africa

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