Professional Microphones Market - Growth, Trends, COVID-19 Impact, and ForecastsPosted by Statzy Market Research on April 13th, 2021 - There is a rising demand for microphones with the rapidly growing popularity of smart devices like home digital assistants and IoT sensors that are required to ‘hear’ their surroundings, as well as being easy to design-in, robust and tolerant of electrical or acoustic noise. - The evolving autonomous segment in the automobile industry is encouraging growth of the microphone market as these Autonomous vehicles use speech recognition technology for recording voice and establishing communication between the driver and vehicle.As per the International Energy Agency, the number of electric vehicles running on the road will be 125 million by 2030. With this influx of demand from the automotive industry, revenues for the microphone market are expected to shoot up. - The emergence of networked audio technology, increased demand from corporate, government, and institutions sectors, growth in music production and recording industry are the factors that are expected to contribute to the growth of the Professional Microphones market during the forecast period. - The amalgamation of microphones within consumer electronics is a step towards further enhancing the smart aspect of such devices which is also expected to grow the market during the forecast period. - The market is driven by wireless technology due to the increased adoption of smartphones,other wireless portable devices, and intense investments in research and development for wireless audio devices and high adoption of wireless devices in offering infotainment services. - The wireless technology is propelling the market growth as the usage of wireless microphones are increasing in commercial applications such as call centers, shows, events, and others.Also in personal home assistant devices such as Amazon Alexa and Google Home, wearable consumer electronics and others. - The evolving entertainment and media industry, mainly in developing regions such as Asia Pacific and Latin America, has fostered the demand for wireless microphone products. These products are used for applications such as television broadcasting, public speaking, podcasting, and performing arts.
Asia Pacific is Expected to hold the Highest Growth - The Professional microphone market has experienced a substantial rise in the recent times in the APAC region due to the increasing frequency of media and sports events in the region which has augmented the demand for microphones. However, the advanced features of wireless microphones have given them an edge over the traditional wired microphones. - Owing to the growing population of middle class consumer in the Asian nations such as India, Japan, Taiwan, and Hong Kong and their interest towards advanced media and communication gadgets is also driving the market in this region. - Additionally, the infrastructural development in Japan and the increasing digitization in India are expected to their adoption in this region over the in next few years. - August 2019 - Shure launched VPH, an innovative, long microphone handle engineered for on-camera interviews and live reporting. The VPH features a Shure RPW interchangeable cartridge interface and convenient XLR connectivity to broadcast mixers and recorders. For sample report please visit : https://www.statzyreports.com/report/sr497465/professional-microphones-market
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