Microphone Market

Microphone Market worth $2.3 billion by 2025

According to a new market research "Microphone Market with COVID-19 Impact by Technology (MEMS, Electret, Other), by MEMS Type, by Communication Technology, by Application (Automotive, Consumer Electronics, Industrial, Medical, and Sensing), & by Geography - Global Forecast to 2025", The global microphone market is estimated to be USD 2.3 billion by 2025 (forecast year) from USD 1.6 billion in 2020 (estimated year), at a CAGR of 7.9% between 2020 to 2025. The growth of the microphone market is fueled by high adoption of next-generation consumer electronics, elevated use of piezoelectric microphones in IoT applications, escalated demand for modern microphones for use in smart wearable devices, and increased number of microphones per device. Moreover, factors such as increasing utilization of microphones in infotainment and safety monitoring systems in vehicles, growing demand for IoT enabled connected devices with voice command feature, and growing use of microphones in industrial applications for the evaluation of ambient or environmental noise play an important role in driving the growth of the market.

Browse 128 market data Tables and 66 Figures spread through 187 Pages and in-depth TOC on "Microphone Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/microphones-market-104067266.html

The market for MEMS microphones expected to hold the largest market share during the forecast period

In 2019, the MEMS technology segment of microphones accounted for the largest share of the microphone market. Growth of this segment can be attributed to the various benefits provided by these microphones which includes improved sound-to-noise ratio (SNR), high integration level, high-performance density, less variation in sensitivity over temperatures, and low power consumption. Also, the reduced size of MEMS microphones makes them ideal for use in several small products such as wearables, wireless earphones, and hearing aids. The superior temperature stability and small form factors are also a few of the other advantages offered by the MEMS microphones.

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.

Americas is projected to hold the largest share of microphone market in 2025

Americas is expected to hold the largest share of the microphone market in 2025. The Americas is a huge adopter of smart electronic devices. This has helped the consumer electronics manufacturers to introduce higher-end devices in this region. The acceptance of the latest technology trends and the adoption of MEMS microphones by the majority of consumer electronics manufacturers have stimulated the growth of the microphone in the Americas. Also, some players from the consumer electronics industry such as Apple and Samsung are adding more numbers of microphones per device to ensure improved acoustical performance, which is crucial for the consumer-driven market in the Americas. Also, the sensitivity to detect low-level sounds can be increased by maximizing the number of microphones. Similarly, wearable devices have gained popularity in recent years, and their market is growing at an impressive rate in the Americas. The use of microphones in such wearable devices enables manufacturers to add voice recording and voice command features. All these factors contribute to the growth of the microphone market in the region.

The report profiles key players, including Knowles (US), AAC Technologies (China), TDK (Japan), Goertek (China), STMicroelectronics (Switzerland), Robert Bosch (Germany), BSE (South Korea), Cirrus Logic (US), Hosiden Corporation (Japan), and Gettop Acoustic (China). These companies focus on adopting both organic and inorganic growth strategies, such as new product launches, partnerships, and mergers and acquisitions to strengthen their position in the market.

Don’t miss out on business opportunities in Microphone Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 3295
PR Published ON
8/25/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Microphone Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home