DUBLIN , Aug. 2, 2022 /PRNewswire/ -- The 'Global Microphone Market by Technology (MEMS, Electret), MEMS Type (Analog, Digital), Communication Technology, Application (Automotive, Consumer Electronics, Industrial, Medical, Noise Monitoring & Sensing) & Geography - Forecast to 2027' report has been added to ResearchAndMarkets.com's offering.
The global 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 to high adoption of next-generation consumer electronics and increased number of microphones per device.
Wireless microphones expected to account for the largest share of microphone during the forecast period
Wireless microphones are expected to account for the largest market share during the forecast period. An exponential use of wireless microphones in concerts, musical events, sporting tournaments, and broadcasting studios is fueling revenue growth of the wireless microphone market across the world. Wireless microphones are used with many consumer electronic devices, such as wearables and smart home devices.
Microphone market for consumer electronics expected to hold largest share during the forecast period
Microphone market for consumer electronics is expected to hold the largest share during the forecast period. The largest size of the market for consumer electronics can be attributed to the huge application of microphones in smartphones, wearables, VoIP, gaming and virtual reality devices, headsets, smart home devices, etc.
The microphone market for Asia-Pacific to grow at the highest CAGR during forecast period
The market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Emerging economies such as India and China are likely to be fast-growing markets for microphones, especially for consumer electronics. Oppo and Vivo are developing smartphones that require an increased number of microphones per device. Also, the demand for high-end consumer electronics, such as wearables, is increasing in these countries, thereby contributing to the growth of the microphone market during the forecast period.
High Adoption of Next-Generation Consumer Electronics
Low Cost and Compact Size of MEMS Microphones
Increased Number of Microphones Per Device
Escalated Demand for Smart Wearable Devices Integrated with Advanced Microphones
Elevated Use of Piezoelectric MEMS Microphones in IoT Applications
Critical Aspects Related to Packaging and Integration of MEMS Technology
High Cost of Electronic Stethoscopes
Implementation of Microphones in Automotive Applications
Deployment of Microphones in Industrial Applications
Constraints Related to Specifications of Microphones
Limitations in Terms of Sensitivity, Noise, and Power Consumption
Variations in Supply and Demand due to Resurgence of COVID-19 and Geopolitical Events
Incidences of Spying Through Microphone-Installed Smartphones
Rising Demand for MEMS Microphones from Consumer Electronics and Automotive Companies to Drive Market Growth from 2022 to 2027
Digital MEMS Microphones to Hold Larger Market Share in 2027
MEMS Technology to Dominate Microphone Market Throughout Forecast Period
Wireless Microphones to Lead Market from 2022 to 2027
Consumer Electronics and North America to be Largest Segments of Microphone Market in Americas in 2022
US to Account for Largest Share of Microphone Market in 2022
6 Microphone Market, by MEMS Type
7 Microphone Market, by Communication Technology
Kaiyuan Communication Technology (Xiamen ) Co. Ltd.
Suzhou Minxin Microelectronics Technology Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/vapbr
Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com
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