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The global wireless microphone market is estimated to reach USD 3.51 billion by 2025, growing at a CAGR of 5.9%LONDON, Nov. 28, 2017 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5214693 Prominent & established industry players and new entrants collaborate with each other for sharing expertise and resources. The market is highly competitive and major companies are laying emphasis on retaining their market shares. Moreover, there is a strong presence of small and local manufacturing companies in the market, mainly in countries such as China and Japan. Further key findings from the study suggest: • The clip-on segment is expected to emerge as the fastest growing segment, registering a CAGR of 6.8% over the forecast period. Increasing public speaking events are encouraging the demand for this segment. • The North American region has announced changes in regulations wherein the use of wireless frequency is restricted to below 600 MHz. Any device operating above 600 MHz would be illegal. • Radio Frequency (RF) band is the fastest growing segment, registering a CAGR of 7.5% over the next eight years. The RF band offers a large number of frequency options that facilitate the selection of frequency depending on the application. • Asia Pacific is estimated to be the fastest-growing regional market due to the growth of sports and entertainment events in the region leading to an increase in demand for audio equipment • Key industry participants include AKG Acoustics, Audio-Technica Corporation, Blue, LEWITT GmbH, Rode Microphones, Samson Technologies Inc., Sennheiser Electronic GmbH & Co., Shure Incorporated, Sony Electronics, Inc., and Yamaha Corporation, among others Download the full report: https://www.reportbuyer.com/product/5214693 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/the-global-wireless-microphone-market-is-estimated-to-reach-usd-351-billion-by-2025-growing-at-a-cagr-of-59-300562714.html SOURCE ReportBuyer |