Microphone Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (MEMS, Electret), MEMS Type (Analog, Digital), Communication Technology (Wired, Bluetooth, Wi-Fi, AirPlay), SNR (Low <59 dB, Medium 60-64 dB, High >64 dB), Application & Region - Global Growth Driver and Industry Forecast to 2028
Updated on : April 04, 2024
The global microphone market is expected to be valued at USD 2,454 million in 2023 and is projected to reach USD 3,526 million by 2028; it is expected to grow at a CAGR of 7.5% from 2023 to 2028.
Continuous advancements in audio technology, including noise cancellation, beamforming, and high-fidelity audio capture, are boosting the demand for high-quality microphones in various industries, such as broadcasting, recording, gaming, and telecommunication. The growing trend of intelligent home automation and voice-controlled systems creates a demand for microphones in-home devices such as smart speakers, security systems, thermostats, and lighting control systems.
Microphone Market Forecast to 2028
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Microphone Market dynamics
Driver: Increasing demand for consumer electronics
The growing popularity of consumer electronics such as smartphones, laptops, tablets, and wearable devices is a significant driver for the microphone market. These devices require built-in microphones for voice input, voice recognition, video recording, and telecommunication purposes. The rising demand for smartphones with advanced features and voice-controlled virtual assistants like Siri, Google Assistant, and Alexa fuels the demand for high-quality microphones.
Restraint: Compatibility issues in the Microphone
Compatibility issues in the microphone market refer to the challenge of ensuring seamless connectivity and compatibility between microphones and various devices and platforms. As technology advances, there is an increasing variety of devices with different connectivity options, such as USB, XLR, wireless, and proprietary connectors. Each connectivity option may require a specific type of microphone or adapter for proper functionality. Ensuring compatibility across this wide range of devices and platforms can significantly challenge microphone manufacturers.
Opportunity: Increasing demand for wearable and hearable devices
The increasing demand for wearable devices and hearables presents significant opportunities for microphone manufacturers. Wearable devices, such as smartwatches, fitness trackers, and AR glasses, are becoming more prevalent in various industries, including healthcare, fitness, communication, and entertainment. These devices often incorporate microphones to enable voice commands, phone calls, voice search, voice assistants, and other voice-controlled functionalities.
Challenge: Competition from established microphone manufacturers
The microphone market is characterized by intense competition, driven by the presence of established manufacturers and the entry of new companies into the industry. The microphone market is saturated with multiple manufacturers offering a wide range of products. This saturation makes it challenging for individual companies to differentiate their offerings and attract customers.
Microphone Market Ecosystem
The microphone market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Knowles Electronics LLC from the US, Goertek from China, AAC Technologies from China, TDK Corporation from Japan, and Infineon Technologies from Germany.
MEMS Microphones are expected to hold the highest market share during the forecast period
MEMS (Micro-Electro-Mechanical System) microphones are poised to experience the highest growth rate in the audio industry due to several key factors. MEMS microphones offer significant advantages over traditional electret condenser microphones in terms of size, power consumption, and durability. Their compact size allows for seamless integration into various electronic devices, including smartphones, wearables, and Internet of Things (IoT) devices. Additionally, MEMS microphones consume lower power, making them ideal for battery-powered applications and enabling extended device usage. Moreover, the increasing adoption of MEMS microphones in emerging markets, such as automotive and healthcare, contribute to their rapid growth. In the automotive sector, MEMS microphones are used for in-car communication, active noise cancellation, and voice recognition systems, enhancing the overall driving experience. In healthcare, MEMS microphones find applications in hearing aids, medical devices, and telemedicine solutions, facilitating better diagnostics and patient care.
Based on communication technology, the wired market for microphones to hold the second highest market share during the forecast period
Wired microphones have a long-standing reputation for reliability and stability. They offer a consistent and secure connection between the microphone and the audio system, ensuring uninterrupted audio transmission without the risk of wireless interference or signal dropouts. Wired microphones typically offer high-quality audio performance with minimal signal degradation or loss. They provide a direct and unaltered audio signal, resulting in accurate sound reproduction and clarity. This makes wired microphones ideal for critical applications such as studio recordings, live performances, and broadcast environments.
Industrial application for microphone market to hold the second highest market share
The increasing adoption of industrial automation and Internet of Things (IoT) technologies in manufacturing and industrial settings creates a demand for microphones. Microphones are used for audio sensing, voice control, and communication in smart factories, industrial robots, and automated systems. Microphones play a crucial role in industrial safety and security applications. They detect and monitor sounds such as alarms, sirens, machine malfunctions, and abnormal noise levels, ensuring a safe and secure working environment. These factors, along with advancements in microphone technology, increased focus on workplace safety and efficiency, and the need for intelligent industrial systems, drive the growth of the microphone market in the industrial sector.
Microphone market in Asia Pacific to hold the highest CAGR during the forecast period
The rise in disposable income and urbanization in many countries within the Asia Pacific region has fueled the demand for consumer electronics and audio equipment. As more people in the region can afford these devices, the market for microphones used in these products experiences significant growth.
The adoption of voice-enabled devices and applications is increasing in the Asia Pacific region. Smart speakers, virtual assistants, voice-controlled home automation systems, and voice recognition technology are gaining popularity. These devices and applications heavily rely on microphones for accurate voice capture and command recognition, leading to a growing microphone market.
Microphone Market by Region
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Key Market Players
The microphone companies is dominated by players such as Knowles Electronics LLC (US), Goertek (China), AAC Technologies (China), TDK Corporation (Japan), Infineon Technologies (Germany), and others.
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Report Metric |
Details |
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Estimated Market size |
USD 2454 Million |
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Projected Market size |
USD 3526 Million |
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Growth Rate |
7.5% |
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Market size available for years |
2019-2028 |
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Base year considered |
2022 |
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Forecast period |
2023-2028 |
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Forecast units |
Value (USD Million/Billion) |
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Segments Covered |
By SNR, By Technology, By MEMS Type, By Communication Technology, and By Application |
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Geographies covered |
North America, Europe, Asia Pacific, and RoW |
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Companies covered |
The major market players include Knowles Electronics LLC (US), Goertek (China), AAC Technologies (China), TDK Corporation (Japan), Infineon Technologies (Germany), STMicroelectronics (Switzerland), ZillTek Technology Corp. (Taiwan), Hosiden Corporation (Japan), Sonion (Denmark), Cui Devices (US). (Total of 25 players are profiled) |
Microphone Market Highlights
The study categorizes the microphone market based on the following segments:
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Segment |
Subsegment |
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Microphone market, by SNR |
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Microphone market, by technology |
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Microphone market, by MEMS type |
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Microphone market, by communication technology |
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Microphone market, by application |
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Microphone market, By Region |
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Recent Developments
- In February 2023, AAC Technologies launched a complete set of automotive MEMS microphone modules to accelerate its automotive business. With an SNR ratio of 63 dB to 70 dB, these microphones can meet the application needs of different levels and scenarios.
- In February 2023, Infineon introduced the latest addition to the XENSIV MEMS microphone product portfolio, the ultra-low power digital microphone IM69D128S. The microphone is designed for applications that require a high signal-to-noise ratio (SNR) / low microphone self-noise, long battery life, and high reliability.
- In January 2023, TDK Corporation made an announcement regarding the release of the InvenSense T5838 and T5837 MEMS microphones. These microphones, namely the T5837 and T5838, are PDM MEMS microphones that boast the industry’s most energy-efficient Pulse Density Modulation (PDM) multi-mode functionality. Additionally, they possess a remarkably high acoustic overload point.
- In January 2023, Knowles introduced its latest series of SiSonic MEMS microphones: Titan (Digital), Falcon (Differential Analog), and Robin (Single Ended Analog). The new trio of microphones provides advanced performance capabilities for space-constrained Ear and wearable applications like True Wireless Stereo (TWS) earbuds, smart watches, Augmented Reality (AR) glasses, and Virtual Reality (VR) headsets.
- In December 2022, Knowles introduced two MEMS microphone solutions optimized for over-the-counter (OTC) hearing aids. These address the value-based segment of the OTC hearing aid category with reliable performance and lower power consumption than comparable commercial microphones.
- As a part of the SmartSound family of performance products for mobile, TWS, IoT, and other consumer devices, TDK Corporation unveiled the T5828 Sound Wire MEMS microphone in January 2022. These microphones, belonging to a range of high-performance options, redefine the limits of acoustic performance and deliver advanced features within compact package sizes.
Frequently Asked Questions (FAQ):
What are the major driving factors and opportunities in the microphone market?
Some of the major driving factors for the growth of this market include Increasing demand for consumer electronics, Growing adoption of voice-controlled applications, Advancements in automotive technology, and Adoption of video conferencing and remote collaborations. Moreover, Increasing demand for wearable devices and hearables, Advancements in microphone technology, Growth of video content creation and streaming are some of the key opportunities for the 5G Testing market.
Which region is expected to hold the highest microphone market share?
The market in North America will dominate the market share in 2023, showcasing strong demand for microphones in the region. Strong research and development, the presence of a leading microphone and consumer electronics manufacturers, and investments and funding are key factors driving the growth of the microphone market in the region.
Who are the leading players in the global microphone market?
Companies such as Knowles Electronics LLC (US), Goertek (China), AAC Technologies (China), TDK Corporation (Japan), and Infineon Technologies (Germany) are the leading players in the market. Moreover, these companies rely on strategies that include new product launches and developments, partnerships and collaborations, and acquisitions. Such advantages give these companies an edge over other companies in the market.
What are some of the technological advancements in the microphone market?
Microphones are integral components in voice recognition systems and NLP applications. Combined with advanced algorithms and AI, microphones capture spoken commands and convert them into text or perform various actions based on voice inputs. Microphones are crucial in capturing immersive audio experiences in AR and VR applications. They enable spatial audio, realistic sound effects, and interactive audio experiences, enhancing overall immersion and user engagement.
What is the impact of the global recession on the microphone market?
The semiconductor industry is expected to face a downturn as the recession looms. Economic downturns can reduce investment in microphone manufacturers’ research and development (R&D) activities. This can result in decreased demand from corporate clients and industries heavily relying on microphones, such as broadcasting, conferences, and professional audio. Recession could reduce budgets for events, concerts, and entertainment productions. This can result in declining demand for microphones used in live performances, conferences, and other related applications. The market growth rate is expected to be lower in 2023 due to declining shipment and sale of smartphonesConsumers may delay purchasing new microphones, and businesses may reduce their investment in audio equipment. Additionally, companies are reducing their R&D budgets, limiting the development of new microphone technologies and product innovations. This can slow down new product releases and technological advancements in the market..
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The study involved four major activities in estimating the current size of the microphone market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.
List of major secondary sources
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SOURCE |
WEB LINK |
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Federal Communications Commission (FCC) |
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European Telecommunications Standards Institute (ETSI) |
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International Electrotechnical Commission (IEC) |
https://www.iec.ch/ |
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Federal Agency for Technical Regulation and Metrology (Rosstandart) |
https://www.gost.ru/ |
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China Electronics Standardization Institute (CESI) |
https://www.cesi.cn/ |
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Ministry of Internal Affairs and Communications (MIC) |
https://www.soumu.go.jp/ |
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the microphone market through secondary research. Several primary interviews were conducted with experts from both the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the microphone market and its various dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire procedure involved the study of annual and financial reports of top players and extensive interviews with industry leaders such as chief executive officers (CEOs), vice presidents (VPs), directors, and marketing executives. All percentage shares and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Bottom-Up Approach
The bottom-up approach was used to arrive at the overall size of the microphone market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.
- Identifying various applications using or expected to implement microphone
- Analyzing each application, along with the major related companies and microphone providers
- Estimating the microphone market for applications
- Understanding the demand generated by companies operating across different applications
- Tracking the ongoing and upcoming implementation of projects based on microphone technology by applications and forecasting the market based on these developments and other critical parameters
- Carrying out multiple discussions with the key opinion leaders to understand the type of microphone-based products designed and developed. This information would help analyze the breakdown of the scope of work carried out by each major company in the microphone market.
- Arriving at the market estimates by analyzing microphone companies as per their countries and subsequently combining this information to arrive at the market estimates by region
- Verifying and cross-checking the estimates at every level through discussions with the key opinion leaders, including CXOs, directors, and operations managers, and finally with domain experts at MarketsandMarkets
- Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases
Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.
To calculate the market size of specific segments, the most appropriate immediate parent market size has been used to implement the top-down approach. The top-down approach was implemented for the data extracted from the secondary research to validate the market size obtained.
Each company’s market share was estimated to verify the revenue shares used earlier in the top-down approach. The overall parent market size and individual market sizes were determined and confirmed in this study by the data triangulation method and the validation of data through primaries. The data triangulation method used in this study is explained in the next section.
- Focusing on top-line investments and expenditures being made in the ecosystems of various applications. Additionally, listing key developments, analyzing updated technology in the marketplace, as well as evaluating the market by further splitting it into various technology
- Building and developing the information related to the market revenue generated by key microphone manufacturers
- Conducting multiple on-field discussions with the key opinion leaders involved in the development of microphone products in various applications
- Estimating geographic splits using secondary sources based on various factors, such as the number of players in a specific country and region, the offering of microphone, and the level of solutions offered in different applications
- The impact of the recession on the steps mentioned above has also been considered.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The data triangulation procedure has been employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.
Market Definition
A microphone is an electronic device that converts sound waves into an electrical signal. Microphones work based on the principle of transduction, where they convert sound waves (acoustic energy) into electrical signals (electrical energy). This conversion process involves a diaphragm or a membrane that vibrates in response to sound waves. The diaphragm’s vibrations cause a corresponding variation in an electrical signal, typically voltage or current, representing the captured sound. It is commonly used for capturing audio in various applications, such as voice recording, live performances, broadcasting, communication devices, and audio production.
Key Stakeholders
- Microphone Manufacturers
- Suppliers and Distributors
- Microphone Vendors
- System Integrators
- Professional Audio Industry
- Consumers
- Regulatory Authorities
- Industry Associations and Standards Organizations
- Research Institutions
Report Objectives
- To define, describe, and forecast the microphone market based on technology, MEMS type, communication technology, application, and region.
- To forecast the shipment data of the microphone market based on technology and consumer electronics applications.
- To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain and allied industry segments and perform a value chain analysis of the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
- To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, product developments, and research & development (R&D) in the market
- To analyze the impact of the recession on the microphone market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of the microphone market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the microphone market.
Generating Response ...
Growth opportunities and latent adjacency in Microphone Market