Microphone Market

Market Leader - Microphone Market

The microphone market is projected to grow from USD 1.6 billion in 2020 to USD 2.3 billion by 2025; it is expected to grow at a CAGR of 7.9% from 2020 to 2025. The key factors fueling the growth of this market include high adoption of next-generation consumer electronics, increased number of microphones per device, elevated use of piezoelectric microphones in IoT applications, and escalated demand for modern microphones for use in smart wearable devices.

The microphone market is dominated by key global established players such as 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.

Knowles (US) held the majority of the global microphone market share in 2019. The company has an expertise in providing advanced micro-acoustic solutions and smart microphone products. The company is well acknowledged among leading smartphone manufacturers of the world, which helped the company record high sales in the year 2019. AAC Technologies (China) followed in second place with a wide product portfolio of MEMS microphones for smartphones and portable electronic devices. The increasing utilization of microphones in automotive applications and the growing deployment of microphones in industrial applications has led to the market growth of these companies.

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Knowles (US) is a global component and product manufacturing company well-known for its advanced micro-acoustic solutions. The company has a strong product portfolio and serves diverse industries, such as consumer electronics, automotive, defense, and medical. In November 2019, Knowles entered into a partnership with GN Store Nord A/S (Denmark), a manufacturer of hearing aids and headsets, to expand its intelligent hearing solutions product line. This would help the company to increase its technological capabilities.

Another important player in the microphone market is AAC Technologies (China). AAC Technologies is a global micro-component solution provider company. The company operates through 4 business segments, namely, Acoustics, Electromagnetic Drives, MEMS, and Optics. The company has extensive manufacturing and automation experience, built on a history of massive smartphone volumes. Through its in-house, high-precision, fully automated, and smart manufacturing capabilities, AAC delivers the highest performance and highest quality products. In the past few years, the company has significantly invested in R&D for MEMS components to strengthen its MEMS technology product portfolio.

Other major players in the microphone market are mainly focusing on expanding their regional presence and new product launches to achieve continuous and sustainable development.

Related Reports:

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

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Report Code
SE 3295
RI Published ON
8/13/2020
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