Albany, NY -- (SBWIRE) -- 06/08/2016 -- Transparency Market Research has recently published an exhaustive study on the Asia Pacific wireless microphone market. The research report, titled "Wireless Microphone Market - Asia Pacific (APAC) Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," studies the strengths, weaknesses, opportunities, and threats impacting the segments of this market using SWOT analysis.

According to the research report, the APAC wireless microphone market poised to reach US$611.4 mn by 2023, surging at a CAGR of 9.8% from 2015 to 2023. In terms of volume, the APAC wireless microphone market will rise at a CAGR of 9.4% between 2015 and 2023 to 3.11 mn units by 2023 from 1.41 mn units in 2014.

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Wireless microphones eliminate the need for cabling, thereby negating issues such as trip hazards in performance areas. These microphones use Bluetooth, radio frequencies, and Wi-Fi networks for establishing connectivity and communication. The biggest advantage of wireless microphones is that they reduce cabling costs, improve mobility, and enhance comfort. Owing to these reasons, the global wireless microphones market has been growing at an exceptional pace.

The Asia Pacific wireless microphone market is segmented on the basis of application, technology, price, and geography. On the basis of application, this market is segmented into education, corporate usage, houses of worship, large venues, and events. Technologically the Asia Pacific wireless microphone market is divided into Wi-Fi, radio frequency, RF band, and others. Price wise this market is segmented into the end-use price and dealership price. Geographically, this market is segmented into Oceania, ASEAN, China, and Rest of APAC.

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Out of all the technologies, the radio frequency segment is the dominant segment in the wireless microphone market with a share of 82% in the total market in 2014. However, wireless microphones using Wi-Fi technology are anticipated to grow at the fastest projected rate in the near future as they offer better voice clarity and a broader range of channels.

The largest geographical segment in the overall wireless microphone market is the Rest of APAC, accounting for nearly one-third of the total market. The growing demand for wireless microphones in emerging economies of Hog Kong, Japan, Taiwan, and India is expected to propel the high demand in this region in the coming years.

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Some of the key players mentioned in the Asia Pacific wireless microphone market are Shure Incorporated, Sony Electronics, Inc., Sennheiser electronic GmbH & Co. KG, Audio-Technica Corporation, Yamaha Corporation, LEWITT GmbH, Samson Technologies Inc., Rode Microphones, AKG Acoustics, Blue Microphones, and inMusic Brands, Inc. The research report profiles these players to offer its readers a thorough analysis of the competitive landscape of the global wireless microphone market. The researchers also point out the technological advancements in the market and the way these are expected to shape this market. Furthermore, the research report also highlights the financial overview, research and development strategies, business and marketing strategies, and strategic mergers and acquisition activities of these top players in the Asia Pacific wireless microphone market in the near future.

The wireless microphone market is segmented as below:

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
Oceania
Rest of APAC

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