Microphone Market Growing USD 3.4 Bn by 2027, at a CAGR of 8.2%
Posted by Tom C on January 19th, 2023
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 escalated demand for smart wearable devices integrated with advanced microphones and 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.
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Digital MEMS microphone to hold larger share of the MEMS microphone market during the forecast period.
Digital MEMS microphones use dielectric wafers or thin-film transducers to capture sound. This permits MEMS digital microphones to offer a smaller package size, effective immunity to noise, low power consumption, and more precise sound reproduction. In January 2022, TDK launched a digital MEMS microphone with a sound wire interface, true wireless stereo, and low power mode, ideal for smartphones, tablets, cameras, and smart speaker.
MEMS microphones are expected to grow at the highest CAGR during the forecast period
MEMS microphones are expected to grow at the highest CAGR during the forecast period. The benefits of MEMS microphones are improved sound-to-noise ratio (SNR), high integration level, high-performance density, less variation in sensitivity over temperatures, and low power consumption. The reduced size of MEMS microphones makes them ideal for use in several small products such as wearables, wireless earphones, and hearing aids.
Microphone market in Americas is expected to hold the largest size during the forecast period.
The rising demand for high-end smartphones, such as iPhones, supports the microphone market growth in this region. MEMS microphones are embedded in high-end consumer devices. 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.
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About the AuthorTom C
Joined: July 2nd, 2020
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