Published Date : Jun 02, 2016
The Asia Pacific wireless microphone market has witnessed a substantial rise in the demand for these microphones over the past few years, thanks to the rapid growth in the media and entertainment sector in Asia Pacific. The advancement in the technologies used in wireless microphones has given them an advantage over the traditional wired microphones, which is fuelling the demand for the former significantly.
Wireless Microphone Market in the Rest of Asia Pacific Driven by Economic Rise
The wireless microphones market in Asia Pacific is spread across ASEAN, Oceania, China, and the Rest of Asia Pacific. Among these, the market for wireless microphones in the Rest of Asia Pacific led the overall market in 2014, accounting for a share of around 33%.
The rise in the economic condition of countries such as Taiwan, India, Hong Kong, and Japan is driving the market’s growth remarkably. In addition to this, the infrastructural development in Japan and the escalating digitization in India are expected to maintain the pace of growth of the market for wireless microphone in the Rest of Asia Pacific.
Rising Application of Wireless Microphones in Hospitality Industry in China Wireless Microphone Market
The market for wireless microphones in China is expected to register the second fastest growth in the overall market at a CAGR of 9.90% from 2015 to 2023. The rising number of media and sports events in China has driven the demand for wireless microphones in large venues, thereby propelling the domestic market significantly. The growing application of wireless microphones in the hospitality industry and the corporate sector is also projected to add considerably to the growth of the China wireless microphone market over the next few years.
Some of the major wireless microphones manufacturers in Asia Pacific are Sennheiser electronic GmbH & Co. KG, LEWITT GmbH, Samson Technologies Inc., AKG Acoustics, inMusic Brands Inc., Rode Microphones, Sony Electronics Inc., Shure Inc., Audio-Technica Corp., Blue Microphones, and Yamaha Corp.