Dublin, Aug. 04, 2022 (GLOBE NEWSWIRE) -- The "Global Microphone Market by Technology (MEMS, Electret), MEMS Type (Analog, Digital), Communication Technology, Application (Automotive, Consumer Electronics, Industrial, Medical, Noise Monitoring & Sensing) & Geography - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global microphone market is estimated to grow from USD 2.3 billion in 2022 to reach USD 3.4 billion by 2027; it is expected to grow at a CAGR of 8.2% from 2022 to 2027. The growth of the microphone market can be attributed to high adoption of next-generation consumer electronics and increased number of microphones per device.
Wireless microphones expected to account for the largest share of microphone during the forecast period
Wireless microphones are expected to account for the largest market share during the forecast period. An exponential use of wireless microphones in concerts, musical events, sporting tournaments, and broadcasting studios is fueling revenue growth of the wireless microphone market across the world. Wireless microphones are used with many consumer electronic devices, such as wearables and smart home devices.
Microphone market for consumer electronics expected to hold largest share during the forecast period
Microphone market for consumer electronics is expected to hold the largest share during the forecast period. The largest size of the market for consumer electronics can be attributed to the huge application of microphones in smartphones, wearables, VoIP, gaming and virtual reality devices, headsets, smart home devices, etc.
The microphone market for Asia-Pacific to grow at the highest CAGR during forecast period
The market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Emerging economies such as India and China are likely to be fast-growing markets for microphones, especially for consumer electronics. Oppo and Vivo are developing smartphones that require an increased number of microphones per device. Also, the demand for high-end consumer electronics, such as wearables, is increasing in these countries, thereby contributing to the growth of the microphone market during the forecast period.
Market Dynamics
Drivers
- High Adoption of Next-Generation Consumer Electronics
- Low Cost and Compact Size of MEMS Microphones
- Increased Number of Microphones Per Device
- Escalated Demand for Smart Wearable Devices Integrated with Advanced Microphones
- Elevated Use of Piezoelectric MEMS Microphones in IoT Applications
Restraints
- Critical Aspects Related to Packaging and Integration of MEMS Technology
- High Cost of Electronic Stethoscopes
Opportunities
- Implementation of Microphones in Automotive Applications
- Deployment of Microphones in Industrial Applications
Challenges
- Constraints Related to Specifications of Microphones
- Limitations in Terms of Sensitivity, Noise, and Power Consumption
- Variations in Supply and Demand due to Resurgence of COVID-19 and Geopolitical Events
- Incidences of Spying Through Microphone-Installed Smartphones
Premium Insights
- Rising Demand for MEMS Microphones from Consumer Electronics and Automotive Companies to Drive Market Growth from 2022 to 2027
- Digital MEMS Microphones to Hold Larger Market Share in 2027
- MEMS Technology to Dominate Microphone Market Throughout Forecast Period
- Wireless Microphones to Lead Market from 2022 to 2027
- Consumer Electronics and North America to be Largest Segments of Microphone Market in Americas in 2022
- US to Account for Largest Share of Microphone Market in 2022
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Microphone Market, by MEMS Type
7 Microphone Market, by Communication Technology
8 Microphone Market, by Technology
9 Microphone Market, by Application
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
13 Appendix
Companies Mentioned
- AAC Technologies
- Bruel & Kjaer
- BSE Co. Ltd.
- CUI Devices
- DB Unlimited
- Gettop Acoustic Co. Ltd.
- GMEMS Technologies, Inc.
- Goertek
- Harmony Electronics Corporation
- Hosiden Corporation
- Infineon Technologies
- Kaiyuan Communication Technology (Xiamen) Co. Ltd.
- Kingstate Electronics Corporation
- Knowles Corporation
- Merry Electronics Co. Ltd.
- NeoMEMS Technologies
- Partron Co. Ltd.
- PUI Audio, Inc.
- Sensibel
- Sonion
- Stetron
- STMicroelectronics
- Suzhou Minxin Microelectronics Technology Co. Ltd.
- TDK Corporation
- Vesper Technologies
- ZillTek Technology Corp.
For more information about this report visit https://www.researchandmarkets.com/r/jf8wrm
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