Enjoy complimentary customisation on priority with our Enterprise License!
The Microphones Market share was valued at USD 2,135.22 million in 2020 and showed positive growth during the forecast period.
The Global Microphones Market size is estimated to grow by USD 1,098.47 million between 2023 and 2027. The market size is forecast to increase at a CAGR of 7.68%.
To know more about the market research report, Download Sample PDF
This market report extensively covers market segmentation by type (XLR microphones and USB microphones), technology (wireless and wired), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). It also includes an in-depth market analysis and report of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The growing demand for digital assistance in automobiles is one of the major market trends shaping the market growth. Automotive microphones are tailored for in-car use, offering speech applications, telephony, voice recognition, and noise cancellation. They enhance connectivity and safety while driving. Projections suggest that voice controls will be integrated into over 65 million vehicles globally by 2024, with over 60% of cars featuring voice recognition.
The growth of automotive infotainment systems presents opportunities for MEMS integration. Voice recognition enables hands-free infotainment control, including future possibilities like text messaging. This aligns with the rising demand for navigation, telematics, and mobile phone interfaces. As smartphones and wearables gain prominence, users can send instructions to their cars, aided by advanced voice recognition. These products also assist with noise cancellation and engine diagnostics, meeting the growing demand for in-car digital assistance and driving the global market's growth.
The growing earphones and headphones industry is a key factor boosting the market growth. The headphone industry is surging due to the widespread use of portable music players, smartphones, tablets, and audio systems. Increased disposable income, greater mobile industry reach, and urban population expansion contribute to this growth. They are now a common feature in headphones, offering improved noise cancellation for a superior listening experience.
Earphones and headphones are thriving, driven by increased device use during office hours and the widespread adoption of smartphones, tablets, laptops, and portable gadgets. Consumers seek high-performance and acoustic fidelity, boosting the earphones and headphones market. In-ear headphones are prominent globally, with the products contributing to growth, especially compared to wireless, sport, and smart headphones. While North America and Europe currently dominate the global market, emerging markets are set to drive demand due to increased smartphone adoption. Consequently, the expanding earphones and headphones industry will propel the global market's growth in the forecast period.
Privacy and security concerns related to cybersecurity are key factors hindering the growth. While digital communication and smart connected devices offer immense benefits, they raise serious privacy and security issues. Wireless audio devices are particularly susceptible to cybersecurity threats as they remain connected to communication networks. Potential privacy and security concerns include eavesdropping, data tampering, service disruption, and unauthorized access. As everyday life becomes more digital and data gains higher importance, privacy apprehensions escalate.
Vendors are growing more cautious in light of increasing cyberattacks. Unauthorized data collection, transmission, and usage pose significant challenges when it comes to wireless products. Users worry about potential data breaches, dampening the demand for such devices, which, consequently, will hinder the global market's growth in the foreseeable future.
The XLR microphones segment is estimated to witness significant growth during the forecast period. The XLR vairants are the dominant segment in the global market. The majority of professional audio recording equipment is made for XLR, which to record the analog signal, you need three parallel male and female connectors.
Get a glance at the market contribution of various segments View the PDF Sample
The XLR segment was the largest segment and was valued at USD 1,119.05 million in 2017. For high-quality audio inputs, XLR is the go-to standard. It provides a balanced signal that eliminates noise. The demand for XLR variants is increasing because of their high sound quality, thanks to the expanding entertainment and electronics industry. Thus, such products are expected to grow significantly, fueling the global market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 42% 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.
In 2022, North America dominated the global market, driven by the United States' massive smartphone market, featuring industry giants Apple and Samsung. The region experienced growth in various sectors like mobile phones, digital cameras, hearing aids, and laptops, facilitated by its tech-savvy consumers. Speech recognition flourished, fueled by technological advancements and widespread cloud-based computing and mobile phone usage. North America is set to maintain a substantial share of the voice and speech recognition market due to the proliferation of biometric systems and a robust economy, increasing the demand for high-quality audio. This, in turn, will drive the market's growth in the region.
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.
Sennheiser- The company offers microphones such as AKG Ara USB condenser microphone, P120 recording microphone and P170 instrument microphone through its subsidiary Harman.
Technavio has detailed analyses of the competitive landscape of the market and information about 15 market vendors, 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 industry sees growth driven by various factors such as demand from the defense and government sectors, as well as the entertainment industry, including music studios and live events. With increasing demand for hearing aids and smartphones, directional and omnidirectional microphones are in high demand, especially for applications like public speaking and television broadcasting. Business development initiatives aim to capitalize on emerging economies and IoT-enabled devices, while social media and online streaming platforms drive the need for high-quality sound detection sensors. Supply chain disruptions pose challenges, but innovations like USB and wireless microphones cater to evolving consumer needs, including virtual reality headsets and video blogs.
The market analysis report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and market research and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.68% |
Market growth 2023-2027 |
USD 1098.47 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.13 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 42% |
Key countries |
US, Canada, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Analog Devices Inc., Audio Technica US Inc., Robert Bosch GmbH, Cirrus Logic Inc., BSE Co. Ltd, Goertek Inc., Samsung Electronics Co. Ltd., Hosiden Corp., Infineon Technologies AG, TDK Corp., Knowles Corp., Suzhou Minxin Microelectronics Technology Co. Ltd, Sennheiser Electronic GmbH and Co. KG, STMicroelectronics International N.V., Shure Inc., ClearOne, Inc. , Sony Group Corp., AUDIX Corp., Samson Technologies Corp., and Yamaha Corp. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.