Market Leader - Microphone Market
The 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 the high adoption of next-generation consumer electronics. Knowles Corporation (US), AAC Technologies (China), TDK Corporation (Japan), Goertek (China), STMicroelectronics (Switzerland), ZillTek Technology (Taiwan), Infineon Technologies (Germany), BSE (South Korea), Hosiden Corporation (Japan), and Gettop Acoustic (China) are among a few of the players in the microphone market. Most of the leading companies have adopted product launches as key strategies to boost their revenues in the microphone market.
Top Market Players:
Knowles Corporation (US) is a global component and product manufacturing company. Knowles is a well-known company in the advanced micro-acoustic solution market. The company has a strong product portfolio and serves diverse industries, such as consumer electronics, automotive, defense, and medical. Also, the company’s smart microphone products are well-acknowledged among leading smartphone manufacturers in the world. Knowles’ substantial investment in research and development helps capture modern designs across consumer OEMs. Its strong and reliable distribution network helps easily reach most potential markets. To grow in the microphone market, the company has majorly adopted the strategy of product launches, partnerships, and acquisitions globally. For example, in April 2021, Knowles launched an automotive-grade MEMS microphone for hands-free calling, advanced voice assistance, and in-cabin noise cancellation for passenger comfort. Also, in December 2019, the company acquired the MEMS microphone ASIC design business of AMS AG (Austria), a leading manufacturer of advanced sensor solutions. It has partnered with Ole Wolf (Denmark) to improve the performance of True Wireless Stereo(TWS) earphones.
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Goertek Inc. (China) is engaged in researching, developing, manufacturing, and selling acoustic components and audio consumer electronic products. It offers product design and services to various leading companies such as Samsung, Panasonic, LG, Sony, and Cisco. It has applied for more than 20,000 patents, of which more than 10,000 have been granted, and over 2,400 are recognized internationally by the Patent Cooperation Treaty (PCT). To grow in the microphone market, the company has majorly adopted the strategy of widening its portfolio of microphones. It offers various kinds of microphones, such as electret, MEMS, and magnetic microphones. Goertek is an innovation-driven technology company with a global vision. It invests 4–6% of its annual revenue in research and development. Its acoustic, optic and microelectronic precision components and intelligent hardware such as virtual/augmented reality products and smart headsets are fully competitive around the world.
Related Reports:
Microphone Market by Technology (MEMS, Electret), MEMS Type (Analog, Digital), Communication Technology, Application (Automotive, Consumer Electronics, Industrial, Medical, Noise Monitoring & Sensing) & Geography - Global Forecast to 2027
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