DUBLIN--(BUSINESS WIRE )--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.

6 Microphone Market, by MEMS Type

7 Microphone Market, by Communication Technology

For more information about this report visit https://www.researchandmarkets.com/r/ysicf3

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900