Wireless Microphones expected to grow at the highest CAGR during the forecast period - PowerPoint PPT Presentation

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Wireless Microphones expected to grow at the highest CAGR during the forecast period

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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", published by MarketsandMarkets™, the global Microphone Market is estimated to be USD 2.3 billion by 2025 (forecast year) from USD 1.6 billion in 2020 (estimated year), at a CAGR of 7.9% between 2020 to 2025. – PowerPoint PPT presentation

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Title: Wireless Microphones expected to grow at the highest CAGR during the forecast period


1
MarketsandMarkets Presents

Wireless Microphones expected to grow at the
highest CAGR during the forecast
period 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.co
m/Market-Reports/microphones-market-104067266.html

2
According to a new market research "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",
published by MarketsandMarkets, the global
Microphone Market is estimated to be USD 2.3
billion by 2025 (forecast year) from USD 1.6
billion in 2020 (estimated year), at a CAGR of
7.9 between 2020 to 2025. Browse 128 market
data Tables and 66 Figures spread through 187
Pages and in-depth TOC on "Microphone Market -
Global Forecast to 2025"
3
The growth of the microphone market is fueled by
high adoption of next-generation consumer
electronics, elevated use of piezoelectric
microphones in IoT applications, escalated demand
for modern microphones for use in smart wearable
devices, and increased number of microphones per
device. Moreover, factors such as increasing
utilization of microphones in infotainment
and safety monitoring systems in vehicles,
growing demand for IoT enabled connected devices
with voice command feature, and growing use of
microphones in industrial applications for the
evaluation of ambient or environmental noise play
an important role in driving the growth of the
market. Ask PDF Brochure https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id104067266 The
market for MEMS microphones expected to hold the
largest market share during the forecast
period In 2019, the MEMS technology segment of
microphones accounted for the largest share of
the microphone market. Growth of this segment can
be attributed to the various benefits provided by
this microphone which includes improved
sound-to-noise ratio (SNR), high integration
level, high-performance density, less variation
in sensitivity over temperatures, and low power
consumption. Also, the reduced size of MEMS
microphones makes them ideal for use in several
small products such as wearables, wireless
earphones, and hearing aids. The superior
temperature stability and small form factors are
also a few of the other advantages offered by the
MEMS microphones.
4
Wireless microphones expected to grow at the
highest CAGR during the forecast period An
exponential use of wireless microphones in
concerts, musical events, sporting tournaments,
and broadcasting studios is fueling the growth of
the wireless microphone market across the world.
In 2018, sponsorship investments in sports were
worth nearly 46 billion. The increase in
sponsorship investments in sports activities is
expected to propel the demand for wireless
microphones during the forecast period. Also,
wireless microphones are used with various
consumer electronic devices, such as smartphones
and tablets. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id104067266 The report profiles key
players, including 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.
5
Americas is projected to hold the largest share
of microphone market in 2025 Americas is expected
to hold the largest share of the microphone
market in 2025. The Americas is a huge adopter of
smart electronic devices. This has helped the
consumer electronics manufacturers to introduce
higher-end devices in this region. The acceptance
of the latest technology trends and the adoption
of MEMS microphones by the majority of consumer
electronics manufacturers have stimulated the
growth of the microphone in the Americas. 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. Similarly, wearable devices have
gained popularity in recent years, and their
market is growing at an impressive rate in the
Americas. The use of microphones in such wearable
devices enables manufacturers to add voice
recording and voice command features. All these
factors contribute to the growth of the
microphone market in the region.
6
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
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impact 70 to 80 of worldwide companies
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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
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defend" strategies, identify sources of
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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/PressRelea
ses/microphones.asp
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