The North America digital voice recorder market is expected to reach USD 917,756.10 thousand by 2030 from USD 531,604.42 thousand in 2022, growing with a CAGR of 7.2% in the forecast period of 2023 to 2030.
Market Segmentation
North America Digital Voice Recorder Market, By Type (Mono Digital Voice Recorders, Stereo Digital Voice Recorders, Voice Activated Digital Voice Recorders, Specialty Digital Voice Recorders, and Others Digital Voice Recorders), Recording Format (MP3, WAV, and Others), Memory (8 GB, 16 GB, 32 GB, 4 GB, 2 GB, 1 GB, and Others), Connectivity (Wired and Wireless), Application (Professional and Personal), Power Source (Battery Powered and Plug), End-User (Media & Entertainment, Healthcare, Government & Law Enforcement, Education, Banking, Financial Services, and Insurance (BFSI), Industrial, Aerospace & Defense, Automotive, and Others), Country (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2030
Overview of North America Digital Voice Recorder Market Dynamics
Driver
Growing adoption of digital voice recorders in different industries
Restraint
Higher price volatility of electronic raw materials
Opportunity
Upsurge in the usage of hidden recording devices for security purposes
Market Players
Some of the major market players operating in the North America digital voice recorder market are:
Olympus Corporation
Sony
Zoom
Koninklijke Philips N.V.
Roland Corporation
TEAC Corporation
inMusic, Inc.
Sennheiser electronic GmbH & Co. KG
Eastman Kodak Company
Panasonic Marketing Middle East & Africa FZE
Honeywell International Inc.
Shure Incorporated.
Saramonic USA
Shenzhen HNSAT Industrial Co., Ltd.
Lectrosonics.
Coby
EVISTR
Blast Radio
Pulse Communication Systems Pvt Ltd.
Unique Mini Voice Recorders (Atto Digital)
Productech corp.
Movo
TABLE OF CONTENTS
1 INTRODUCTION 64
1.1 OBJECTIVES OF THE STUDY 64
1.2 MARKET DEFINITION 64
1.3 OVERVIEW OF THE NORTH AMERICA DIGITAL VOICE RECORDER MARKET 64
1.4 CURRENCY AND PRICING 66
1.5 LIMITATIONS 66
1.6 MARKETS COVERED 66
2 MARKET SEGMENTATION 73
2.1 MARKETS COVERED 73
2.2 GEOGRAPHICAL SCOPE 74
2.3 YEARS CONSIDERED FOR THE STUDY 75
2.4 DBMR TRIPOD DATA VALIDATION MODEL 76
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 79
2.6 DBMR MARKET POSITION GRID 80
2.7 VENDOR SHARE ANALYSIS 81
2.8 MULTIVARIATE MODELING 82
2.9 TYPE TIMELINE CURVE 83
2.10 MARKET APPLICATION COVERAGE GRID 84
2.11 SECONDARY SOURCES 85
2.12 ASSUMPTIONS 85
3 EXECUTIVE SUMMARY 86
4 PREMIUM INSIGHTS 89
4.1 PORTERS FIVE FORCES 90
4.2 REGULATORY STANDARDS 90
4.3 TECHNOLOGICAL TRENDS 92
4.4 VALUE CHAIN ANALYSIS 94
4.4.1 OVERVIEW OF NORTH AMERICA DIGITAL VOICE RECORDER MARKET 94
4.4.2 PRIMARY ACTIVITIES 94
4.4.3 SUPPORTING ACTIVITIES 95
4.5 PRICING ANALYSIS 97
4.5.1 COMPETITORS PRICING 97
4.5.2 TARGET CONSUMERS 97
4.5.3 PRICING LIMITATIONS 98
4.6 CASE STUDIES 99
4.6.1 DIGITAL SOUND RECORDER: A CASE STUDY ON DESIGNING EMBEDDED SYSTEMS USING THE UML NOTATION 99
4.6.2 THE MYSTERY OF A VOICE RECORDING 99
5 MARKET OVERVIEW 100
5.1 DRIVERS 102
5.1.1 GROWING ADOPTION OF DIGITAL VOICE RECORDERS IN DIFFERENT INDUSTRIES 102
5.1.2 ADVANCEMENTS IN DIGITAL VOICE RECORDING TECHNOLOGY 103
5.1.3 INCREASING STORAGE CAPACITY AND BATTERY LIFE OF DIGITAL VOICE RECORDERS 104
5.1.4 RISING USAGE OF RECORDING DEVICES BY VISUALLY-IMPAIRED PERSONS 105
5.2 RESTRAINTS 107
5.2.1 INCREASING USE OF SMARTPHONES AS AN ALTERNATIVE TO RECORDING DEVICES 107
5.2.2 CONTINUOUS INNOVATION IN TECHNOLOGIES LEADING TO HIGHER CUSTOMER EXPECTATIONS FOR DEVICES 108
5.2.3 HIGH VOLATILITY IN THE PRICE OF ELECTRONIC RAW MATERIALS 108
5.3 OPPORTUNITIES 110
5.3.1 UPSURGE IN THE USAGE OF HIDDEN RECORDING DEVICES FOR SECURITY PURPOSES 110
5.3.2 INTEGRATION OF DIGITAL VOICE RECORDERS WITH SMART DEVICES AND IOT 110
5.3.3 INCREASING PARTNERSHIP AND COLLABORATION AMONG MARKET PLAYERS 112
5.4 CHALLENGES 113
5.4.1 TECHNICAL LIMITATIONS AND COMPATIBILITY ISSUES 113
5.4.2 COMPLEXITIES IN TRANSFERRING THE DATA 114
6 NORTH AMERICA DIGITAL VOICE RECORDER MARKET, BY TYPE 115
6.1 OVERVIEW 116
6.2 MONO DIGITAL VOICE RECORDERS 117
6.3 STEREO DIGITAL VOICE RECORDERS 117
6.4 VOICE ACTIVATED DIGITAL VOICE RECORDERS 118
6.5 SPECIALTY DIGITAL VOICE RECORDERS 118
6.6 OTHERS DIGITAL VOICE RECORDERS 119
7 NORTH AMERICA DIGITAL VOICE RECORDER MARKET, BY RECORDING FORMAT 120
7.1 OVERVIEW 121
7.2 MP3 122
7.3 WAV 122
7.4 OTHERS 122
8 NORTH AMERICA DIGITAL VOICE RECORDER MARKET, BY MEMORY 124
8.1 OVERVIEW 125
8.2 8 GB 126
8.3 16 GB 126
8.4 32 GB 127
8.5 4 GB 127
8.6 2 GB 128
8.7 1 GB 128
8.8 OTHERS 129
9 NORTH AMERICA DIGITAL VOICE RECORDER MARKET, BY CONNECTIVITY 130
9.1 OVERVIEW 131
9.2 WIRED 132
9.2.1 USB 132
9.2.2 3.5 MM JACK 132
9.2.3 LAN CABLE 132
9.2.4 OTHERS 133
9.3 WIRELESS 133
9.3.1 BLUETOOTH 133
9.3.2 WIFI 133
9.3.3 OTHERS 133
10 NORTH AMERICA DIGITAL VOICE RECORDER MARKET, BY APPLICATION 134
10.1 OVERVIEW 135
10.2 PROFESSIONAL 136
10.3 PERSONAL 136
11 NORTH AMERICA DIGITAL VOICE RECORDER MARKET, BY POWER SOURCE 137
11.1 OVERVIEW 138
11.2 BATTERY POWERED 139
11.2.1 BY BATTERY TYPE 139
11.2.1.1 AA BATTERIES 139
11.2.1.1.1 RECHARGEABLE 140
11.2.1.1.2 DISPOSABLE 140
11.2.1.2 AAA BATTERIES 140
11.2.1.2.1 RECHARGEABLE 140
11.2.1.2.2 DISPOSABLE 140
11.2.1.3 LITHIUM ION BATTERIES 141
11.2.1.3.1 RECHARGEABLE 141
11.2.1.3.2 DISPOSABLE 141
11.2.1.4 OTHERS 141
11.3 PLUG 142