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Demand for Modern Microphones for Use in Smart Wearable Devices

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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. – PowerPoint PPT presentation

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Title: Demand for Modern Microphones for Use in Smart Wearable Devices


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.marketsandm
arkets.com/Market-Reports/microphones-market-10406
7266.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 wearables 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/pdfdow
nloadNew.asp?id104067266 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
humanmachine 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/requestsa
mpleNew.asp?id104067266 APAC is estimated to be
the fastest growing market for microphones. The
rising number of users of Smartphones 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
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7
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