Microphone Market - Forecast(2020 - 2025)
Microphones are an essential equipment in the consumer electronic products. Devices ranging from mobiles, smartphones, tablets, laptops, computers, home personal assistants, and headphones to earphones today are equipped with microphones that enables the user to communicate with the person on the other side. The demands of the above-mentioned consumer electronic products are increasing in a significant rate owing to the emerging technologies such as cloud computing, Internet of Things, and artificial intelligence. Additionally, the increased investment in the entertainment industry is employing a considerate number of professional recording microphones that is supporting the microphone market growth. Moreover, the total investment in an artist is around $50 million to $2 billion covering all the related major costs such as audio recording, advance, video recording, tour support, marketing, and promotion and as per the International Federation of the Phonographic Industry (IFPI), record...