According to a new study, the global wireless microphone market size is expected to reach USD 2.56 billion by 2028. This report gives a detailed insight into current market dynamics and provides an analysis of future market growth.
With an increase in products and services provided for podcasting, live streaming, television broadcasting, and more, the demand for such devices in the coming future is set to grow significantly. This growing demand for such devices is directly influencing the industry’s growth, with smartphones having been well equipped with MEMS microphones over the past few years, as they are well suited for the current necessities of online usage.
It is estimated that the worldwide shipment of smartphones in 2019 stood at 1.4 billion units, and the use of such products in consumer electronics has also added momentum to product uptake.
Companies in the market are focusing on developing lower cost and affordable products to gain a strong position in the industry. Prominent industry players have authorized distribution channels that supply products across numerous regions. For example, Shure, Inc. collaborated with Quantum Systems in 2020 to enhance its capabilities to offer better quality and security. This collaborative effort led them to establish Q5X wireless transmitters to enable such technology.