Wireless microphones expected to grow at the highest CAGR during the forecast period

An exponential use of wireless microphones in concerts, musical events, sporting tournaments, and broadcasting studios is fueling the growth of the wireless microphone market across the world. In 2018, sponsorship investments in sports were worth nearly 46 billion. The increase in sponsorship investments in sports activities is expected to propel the demand for wireless microphones during the forecast period. Also, wireless microphones are used with various consumer electronic devices, such as smartphones and tablets.

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