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The MEMS (micro-electro-mechanical systems) microphone market size is estimated to grow by USD 812.96 million at a CAGR of 7.31% between 2022 and 2027. The growth of the market depends on several such as increased penetration of MEMS technology in hearing aids, the growing market for earphones and headphones, and an increased number of MEMS microphones per device in smartphones.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing market for earphones and headphones is the key factor for the growth of the market. The headset market is growing with the growing disposable income, greater penetration of the mobile market, and expanding urban population. With the development of active noise-canceling technology, disturbances are increasingly minimized, providing customers with a high-quality listening experience. Increased use of devices during work hours is one of the key factors in the earphone and headphone market. Besides, the rising adoption of smartphones, tablets, laptops, and other portable devices has led to the growth of the market.
Moreover, microphone-equipped headphones also continue to grow compared to wireless, sports, and smart headphones. While Europe and North America are the main markets, it is estimated that the demand will also come from emerging markets during the forecast period due to the prevalence of smartphones in this region. Hence, the rising earphone and headphone market will drive the growth of the global market during the forecast period.
Growing demand for digital assistance in automobiles is the primary trend in the market. Automotive microphones are designed to meet the specific needs of the user and the automotive environment. It offers many features, such as voice applications, telephony, voice recognition, in-car communication, and active noise cancellation. The growth of vehicle infotainment operating systems presents a huge opportunity for vehicles equipped with voice recognition systems that support the growth of vehicles with integrated MEMS microphones.
Moreover, the growth is coupled with the rising demand for navigation, telematics systems, and hands-free interface for mobile phones. The spread of smartphones and wearable devices has enabled users to send destination information to their cars, and improvements in voice recognition technology have made it possible to recognize users' voice commands. It also uses an array of microphones for noise cancellation and diagnosing engine issues. Hence, the rising demand for digital assistance in automobiles will fuel the growth of the global market during the forecast period.
The declining average selling price (ASP) of MEMS microphones affects the growth of the market. The average selling price of MEMS microphones has fallen due to significant price reductions. Manufacturers of MEMS microphones are constantly working on optimizing their product range and expanding their business models. Market players are trying to offer new products with higher performance characteristics. The market has opportunities for new vendors such as MEMSensing, NeoMEMS Technologies, and New Japan Radio.
As a result, many vendors have entered the market, and competition is intensified. Falling prices of MEMS microphones are impacting the sales of top market vendors. Hence, a decline in the average selling price of MEMS microphones can impede the growth of the market during the forecast period.
The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AAC Technologies Holdings Ltd.: The company offers MEMS microphones, such as AAC microphones with analog and PDM outputs.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The consumer electronics segment is estimated to witness significant growth during the forecast period. This segment includes the use of MEMS microphones in mobile phones, laptops, tablets, and wearable devices. It includes a variety of devices that are useful for both entertainment and work. Examples of consumer electronics include mobile phones, tablets, laptops, MP3 players, digital cameras, camcorders, smart TVs, and audio players.
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The consumer electronics segment was the largest segment and was valued at USD 1,097.30 million in 2017. The growth in consumer electronics is mainly owing to the change in consumer behavior patterns. The growing disposable income and standards of living, along with the decreasing prices of electronic devices, add to the raised demand for consumer electronics. For instance, in 2022, the market is expected to rise owing to the recovery of semiconductor facilities and electronics manufacturing units across the globe. This will increase the need for MEMS microphones across the manufacturing units, which, in turn, will boost the growth of the global market during the forecast period.
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APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is leading the consumer electronics market as consumers purchasing power increases and consumer behavior changes. The number of smartphone users in APAC has exceeded 1 billion. India is one of the fastest-growing smartphone markets in APAC. Emerging markets and increasing demand for consumer electronics have led several consumer electronics vendors to focus on expanding their operations in the APAC region. Therefore, these factors present new market opportunities for laser manufacturers. Moreover, other factors behind the market growth in APAC can be attributed to investments by major vendors. With the enormous growth in the smartphone market of APAC, the regional market is expected to grow significantly during the forecast period.
The MEMs Microphone Market thrives on technological advancements and product launches, catering to diverse verticals such as telecommunications, aerospace, defense, and automotive. With sensor and actuator types like RF MEMS and electromechanical relay (EMR), the market sees collaborations to enhance sensor fusion and meet demands for advanced driver-assisted systems and smart home applications. IoT devices, including smart speakers and smartphones like the Amazon Echo and Apple iPhone, drive market growth. Leading players like Knowles Corporation and Vesper Technologies Inc innovate during the lockdown period, expanding their presence in verticals like smart homes and IoT. Collaborations with companies like STMicroelectronics NV and CUI Inc further propel the MEMs microphone market forward, reflecting its significance in the tech and audio industries.
The market forecasting report covers market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
MEMS Microphone Market Scope |
|
Market Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.31% |
Market growth 2023-2027 |
USD 812.96 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
6.64 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AAC Technologies Holdings Ltd., Analog Devices Inc., Cirrus Logic Inc., Goertek Inc., Infineon Technologies AG, Knowles Corp., OMRON Corp., Robert Bosch GmbH, TDK Corp., and STMicroelectronics International N.V. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market trends report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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