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Demand for Modern Microphones for Use in Smart Wearable Devices

The global microphone market is estimated to be USD 1.6 billion in 2020 and is projected to reach 2.3 billion by 2025, at a CAGR of 7.9% during the forecast period. The factors attributing to the growth of this market include high adoption of next-generation consumer electronics, elevated use of piezoelectric microphones in IoT applications, increased number of microphones per device, and escalated demand for modern microphones for use in smart wearable devices.

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Demand for Modern Microphones for Use in Smart Wearable Devices

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  1. MarketsandMarkets Presents Demand for Modern Microphones for Use in Smart Wearable Devices 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 https://www.marketsandmarkets.com/Market-Reports/microphones-market-104067266.html

  2. The global microphone market is estimated to be USD 1.6 billion in 2020 and is projected to reach 2.3 billion by 2025, at a CAGR of 7.9% during the forecast period. The factors attributing to the growth of this market include high adoption of next-generation consumer electronics, elevated use of piezoelectric microphones in IoT applications, increased number of microphones per device, and escalated demand for modern microphones for use in smart wearable devices. The microphone market has promising growth potential due to several factors, including the increasing utilization of microphones in infotainment and safety monitoring systems in vehicles, growing use of microphones in industrial applications for the evaluation of ambient or environmental noise, increased requirement for microphone-embedded medical devices, growing implementation of different types of microphones in security cameras and audio/video-enabled surveillance systems, and the growing demand for IoT enabled connected devices with voice command feature. Also, the rapidly growing consumer electronics market in China, Japan, South Korea, and India is expected to contribute to the growth of microphone market. Browse 128 market data Tables and 66 Figures spread through 187 Pages and in-depth TOC on "Microphone Market - Global Forecast to 2025"

  3. Even, countries in North America, South America, Europe, Middle East and Africa are expected to contribute significantly towards the growth of the global microphone market. The increasing demand for high-end consumer electronics such as smart home devices and wearable’s are expected to fuel the microphone market growth in Americas. Outstanding innovations such as autonomous vehicles and in-vehicle communication systems to fuel the market growth in Europe region. Moreover, the government aid in the improvement of telecom sector has helped the market for connected devices to grow in the Middle East and African countries, thereby fueling the microphone market growth in this region. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104067266 Among MEMS type, digital MEMS microphones holds the largest size of the microphone market. These microphones have various benefits such as small dimensions and greater electrical noise immunity that allows the implementation of multiple microphones in a single device. Therefore, these microphones are in demand for use in industrial equipment and consumer electronics as they offer a hands-free human–machine interface, noise cancellation, and high-quality audio.

  4. The microphone market for commercial security and surveillance application is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand for anti-theft and surveillance systems in residential areas for better monitoring and the increasing use of microphones for border security solutions. Microphones are used in a variety of surveillance solutions for loss prevention, crime deterrence, additional evidence, alarm verification, and visitor management applications. The growing rate of security threats in public places, right from airports to public cafes, is one of the major factors for the growing use of microphones in commercial security and surveillance applications. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=104067266 APAC is estimated to be the fastest growing market for microphones. The rising number of users of Smartphone’s and portable smart devices due to growing disposable incomes is likely to stimulate the microphone market growth in APAC. Also, multiple microphones are installed in each consumer electronic device for efficient noise cancellation, and an upsurge in demand for such devices per person is expected to support the microphone market growth in the long run. Moreover, emerging economies such as China and India are migrating to high-end smart devices where better audio quality is needed, which is expected to help the overall market of microphones to grow in this region.

  5. COVID-19 Impact on the Global Microphone Market The microphone market includes major Tier 1 and 2 suppliers like Knowles, AAC Technologies, TDK, Goertek, STMicroelectronics, Robert Bosch, BSE, Cirrus Logic, Hosiden Corporation, and Gettop Acoustic. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. The microphones and other related acoustic components supplied by these companies are used by end-use industries such as automotive, consumer electronics, security and surveillance, medical, and few others. Covid-19 not only impacted the operations of the microphone market players, but also affected the businesses of companies from the above-mentioned industries. The low demand for consumer electronic devices due to lockdown measures had a global impact on the microphone market. The continuous fall in the global demand and export shipments for automotive vehicles is also expected to negatively impact the microphone market. Key Market Players The microphone market is dominated by a few globally established players such as Knowles (US), AAC Technologies (China), TDK (Japan), Goertek (China), and STMicroelectronics (Switzerland). These companies have adopted both organic and inorganic growth strategies such as new product launches, partnerships, and mergers and acquisitions to strengthen their position in the market.

  6. 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 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 markets.

  7. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/microphones.asp

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