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The MEMS microphone market share was valued at USD 1,704.39 million in 2020 and showed positive growth during the forecast period. The MEMS Microphones Market is classified into Application, Type, and Geography. The application segment holds the largest market share.
The global MEMS microphone market size is estimated to grow at a CAGR of 7.31% between 2023 and 2027. The market size is forecast to increase by USD 812.96 million.
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The MEMS microphone market report extensively covers market segmentation by application (consumer electronics, healthcare, automotive, and others), type (analog and digital), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis 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 MEMS microphone market trends shaping the MEMS Microphones Market growth. Automotive microphones are designed for the unique demands of the automotive environment, offering features like speech applications, voice recognition, and noise cancellation. They enhance driving experiences by enabling voice-controlled infotainment and communication. By 2024, over 65 million vehicles worldwide, more than half of all vehicles, are expected to incorporate voice controls, with voice recognition systems equipping over 60% of cars. Advances in these systems will facilitate tasks like text messaging and email composition while driving.
The growing demand for navigation, telematics, hands-free mobile interfaces, and smartphone integration further underscores the importance of MEMS microphones. They also contribute to noise cancellation and engine diagnostics, driven by the rising need for digital assistance in vehicles, fueling the growth of the global MEMS microphone market.
Increased penetration of MEMS technology in hearing aids is a key factor driving the MEMS Microphones Market growth. Increasing hearing problems, linked to factors like noise pollution, infections, genetics, and age, drive the growth of hearing aids. The World Health Organization reports over 5% of the global population has disabling hearing loss, with high numbers in the Asia-Pacific and Sub-Saharan Africa. Manufacturers respond with advanced, feature-rich hearing aids, spurring demand. In 2021, around 19 million units were sold in Europe, according to EHIMA.
Challenges like size and battery life persist, pushing for smaller, more efficient devices. MEMS microphones, with low power consumption and high SNR, offer a solution. Thus the growth of MEMS technology in hearing aids will propel the global MEMS microphone market.
The declining market for tablets is a key challenge hindering the MEMS Microphones Market. The trend toward larger smartphones is gaining traction, impacting tablet sales significantly. While smartphones continue to grow, the tablet market is experiencing sluggish progress with over a 10% year-over-year decline due to reduced consumer interest.
MEMS microphones have replaced electret microphones in most consumer electronic devices, serving as versatile substitutes for specialized sensors. Smartphones and tablets, for instance, employ up to eight microphones to replace costlier sensors. MEMS microphones offer high-definition audio quality for video recordings and enhance voice command functionality, leading to their increased integration in these devices. However, the tablet market's decline poses challenges for the MEMS microphone market's growth prospects in the forecast period.
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 MEMS microphone 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 MEMS microphone market during the forecast period.
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APAC is estimated to contribute 47% to the growth of the global MEMS microphones market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The Asia-Pacific (APAC) region is the fastest-growing consumer electronics market due to rising consumer spending and changing behavior. APAC boasts over a billion smartphone users, with India emerging as one of the fastest-growing markets, shipping 144.3 million smartphones in 2022. Consumer electronics manufacturers, including Chinese brands like Xiaomi, are expanding in APAC to tap into growing demand. Key drivers include investments by major vendors, a surging economy in countries like China, India, and Indonesia, and the availability of high-quality, competitively priced smartphones through e-retailers. As the APAC smartphone market continues to thrive, it offers substantial growth prospects for the regional MEMS microphones market in the forecast period.
The COVID-19 pandemic had a negative impact on the consumer electronics industry in the Asia-Pacific (APAC) region, particularly in 2020-2021. Factors like reduced consumer demand, global semiconductor chip shortages, and slowed research and development activities affected the smartphone market and, consequently, the demand for MEMS microphones. Online mobile phone sales also slowed due to uncertainties in transportation and e-commerce. However, as mass vaccination efforts took hold in 2021, manufacturing resumed in major APAC countries, such as India, China, Japan, and South Korea. The region's MEMS microphone market is expected to rebound due to the increasing adoption of new smartphones and consumer preferences for high-quality audio devices in developing nations during the forecast period.
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.
Analog- The company offers MEMS microphone with iSensor MEMS subsystems technology.
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 MEMS microphone market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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MEMS Microphone Market Scope |
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Report Coverage |
Details |
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Page number |
161 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.31% |
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Market growth 2023-2027 |
USD 812.96 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023(%) |
6.64 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 47% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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. |
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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, Market condition analysis for forecast period |
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Customization purview |
If our 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 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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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