The global microphone market was worth more than $2.3 billion in 2022. By 2032, it would be worth more than $4.6 billion. The market is expected to grow at a CAGR of 7.1% over the projected period.
In the next 10 years, there will be a greater need for hearing equipment with superior microphones. It is blamed on the growing problem of hearing loss in the elderly.
In a complex and loud environment, the client can hear clearly. As a result, sales of omnidirectional and directional microphones would increase significantly.The increased usage of portable microphones will also raise the demand for microphones. They work in entertainment, media, and public speaking all around the world.
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Microphones are useful for picking up noises around a device in applications. These include noise monitoring and sensing. For instance, Fitbit launched the loudness and snore detection technology in India in September 2021.
It gathers and examines data about the user’s surroundings via the device’s microphone. The device tries to differentiate among snoring and other sounds once the user has fallen asleep.
Microphones are widely utilized in the music industry for audio recordings and album streaming. The sector makes use of premium microphones that have excellent audio quality and less battery consumption.
With their use in espionage, monitoring, and surveillance, microphones would also be in great demand. The military and government sectors would search for cutting-edge microphones.
Key Takeaways from the Microphone Market
- The microphone market would create an absolute dollar opportunity worth US$ 2.3 billion from 2022 to 2032.
- The USA microphone market would witness a CAGR of 5.9% from 2022 to 2032.
- The global microphone market showcased a CAGR of 7.8% between 2017 and 2021.
- North America microphone market would flourish and reach US$ 1.82 billion in 2032.
- By technology, the micro-electromechanical systems segment would expand at 7.0% CAGR from 2022 to 2032.
“Sales would be pushed by growth in smart technologies. These include home virtual assistants and internet of things sensors. They must be able to ‘hear’ the users’ environment. They should be simple to construct and tolerant of electrical & acoustic noise.,” – Says a lead analyst.
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Competitive Landscape: Microphone Market
Leading competitors in the global microphone market are focusing on introduction of fresh products and services. These would assist them in expanding their clientele and business.
The sector is unique since both big and small producers are present. A competitive advantage is built on significant differentiators. They include the cost and the caliber of goods. Accredited industrial suppliers have networks of legitimate distributors. They provide goods to various places.
Players in the industrial sector might create new items or innovate old ones. That would be the effect of outside factors such as changing rules.
For instance,
- In May 2022, Infineon Technologies launched next-generation XENSIV MEMS microphones. IM72D128 and IM69D127 are names of the newly launched products. They have selectable power modes for MEMS microphones. It would make them a perfect match for consumer electronics devices. These include conference devices, headphones with active noise cancellation, and TWS earbuds with laptops.
- In April 2022, Trumpf Limited’s venture capital division led a US$ 16.4 million round of funding. It put its money into a start-up company named sensiBel. The latter manufactured MEMS-based optical microphones. This amount will be used to ramp up mass production of microphones.
- In January 2022, TDK Global launched T5828 Microphone with MIPI SoundWire functionality. The microphone has low power mode and high quality. It is used in smart speakers, notebook PCs, and smartphones. It can also be used in tablets, cameras, Bluetooth headsets, and security & surveillance.
- In April 2020, AAC Technologies launched next generation MEMS microphone design center in Edinburgh, Scotland. The company would conduct research on next generation microphone-system level solutions. It will research in voice controlled artificial intelligence devices. Its MEMS microphones will be used by Oppo, Amazon, Xiaomi, and Vivo.
GetMore Exclusive Insights into Microphone Market Study
Future Market Insights, in its new offering, presents an unbiased analysis of the microphone market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.
The study reveals extensive growth in the microphone market in terms of technology (micro-electromechanical systems, electret), micro-electromechanical systems type (analog, digital), communication technology (wired, wireless), application (automotive, commercial security & surveillance, consumer electronics, industrial, medical, noise monitoring & sensing), and region.
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Microphone Market Outlook by Category
By Technology:
- Micro-electromechanical Systems (MEMS)
- Electret
- Others
By Micro-electro mechanical Systems (MEMS) Type:
- Analog
- Digital
By Communication Technology:
- Wired
- Wireless
By Application:
- Automotive
- Consumer Security and Surveillance
- Consumer Electronics
- Industrial
- Medical
- Noise Monitoring and Sensing
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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