Posted 4/9/2024, 5:30:00 AM
Wireless Microphone Market Set to More Than Double by 2032, Driven by Mobility and Sound Quality
- Wireless microphone market valued at $1.8 billion in 2023, expected to reach $3.4 billion by 2032 with 7.2% CAGR
- Popularity driven by enhanced mobility, sound quality; used in events, entertainment, corporate settings
- Segmentation by product type (handheld largest share), technology, end-use (entertainment industry significant share)
- Key growth factors Wi-Fi/Bluetooth, RF advancements, emerging markets
- Major players Knowles Electronics, Harman International, Samson Technologies, Rode Microphones, etc.