APAC Wireless Microphone Market to Reach US$611.4 Mn by 2023, Driven by Digitization Programs

According to a new market report published by Transparency Market Research “Wireless Microphone (Application – Corporate Usage, Education, Hospitality, House of Worship, Events and Large Venues; By Technology – Wi-Fi by Frequency, RF by Frequency, RF by Channel; By Price – By Dealership Price, By End-User Price) Market – Asia Pacific (APAC) Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023, the APAC wireless microphone market is expected to reach a value of US$611.4 Mn by 2023. The market is estimated to expand at a CAGR of 9.8% during the forecast period from 2015 to 2023. Furthermore, the volume of the APAC wireless microphone market for 2014 was 1.41 million units and is expected to rise at a CAGR of 9.4% during the forecast period from 2015 to 2023.

Browse the full report at http://www.transparencymarketresearch.com/asia-pacific-wireless-microphone-market.html

The wireless microphone market is segmented by geography into China, ASEAN, Oceania, and Rest of Asia Pacific. These geographical regions are analyzed in terms of revenue generation and volume. ASEAN is further segmented into the Philippines, Indonesia, Thailand, Malaysia, Singapore, Vietnam, Cambodia, Myanmar, and others, while Oceania is divided into Australia and New Zealand. The growth of the media and entertainment industry in the Asia Pacific, coupled with a rise in the number of sporting events, is the key driving factor for the wireless microphone market in APAC. Moreover, the superiority of wireless microphones over traditional wired microphones has increased their uptake across all end-use sectors.

 Rest of APAC was the largest geographical market for wireless microphones in 2014, accounting for around one-third of the market. High demand from this region can be attributed to growth in countries such as India, Japan, Hong Kong, and Taiwan. High rates of digitization in countries such as India and infrastructural reforms in Japan are some of the factors that would maintain the high growth of wireless microphones in Rest of APAC. China is expected to be the second fastest-growing market for wireless microphones, with an estimated CAGR of 9.9% during the forecast period (2015–2023). The demand for wireless microphones from China largely comes from the events and large venue application segments. Moreover, corporate usage and hospitality also contributes to the growth of the market in this country.

 In the ASEAN region, countries contributing to the lion’s share of demand include Indonesia, Philippines, Malaysia, Singapore, and Thailand. Sporting events, education, and hospitality are key applications where wireless microphones are high in demand. Moreover, significant demand also comes from corporate usage in countries such as the Philippines, Singapore, and Thailand. In Thailand, the development and rapid growth of the meetings, incentives, conferences, and exhibitions (MICE) industry is anticipated to create demand in the coming years. Malaysia is expected to remain the fastest-growing country in ASEAN in the coming years.

 Some of the key manufacturers of wireless microphones are Shure Incorporated, Sennheiser electronic GmbH & Co. KG, Sony Electronics, Inc., Audio-Technica Corporation, Yamaha Corporation, LEWITT GmbH, Samson Technologies Inc., Rode Microphones, AKG Acoustics, Blue Microphones, and inMusic Brands, Inc.

Browse Industry Research Press Release: http://www.transparencymarketresearch.com/pressrelease/asia-pacific-wireless-microphone-market.htm

The wireless microphone market is segmented as below:

 Wireless Microphone Market

By Application

  • Corporate Usage
  • Education
  • Hospitality
  • House of Worship
  • Events
  • Large Venues

By Technology

  • Wi-Fi
    • By Wi-Fi Band
      • 8 GHz
      • 4 GHz
      • 6 GHz
    • Radio Frequency
      • By RF Channel
        • Single
        • Dual
        • Multi
      • By RF Band
        • 540 MHz – 680 MHz
        • 721 MHz – 750 MHz
        • 823 MHz – 865 MHz
      • Others

By Price

  • By Dealership Price
  • By End-user Price

By Geography

  • China
  • ASEAN
    • Philippines
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Vietnam
    • Cambodia
    • Myanmar
  • Oceania
    • Australia
    • New Zealand
  • Rest of APAC

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