As per the newly compiled report by
IndustryARC, the global microphone market generated $1.3 billion in revenue in
2018 owing to the widespread application of microphones in smartphones,
wearables, tablets, headsets, hearing aids, two-way radios, knock sensors, motion
picture production, sound recording, speech recognition, VoIP, audio
engineering, and many more. Furthermore, the advent of technological innovations
such as development of wireless microphones, and the adoption of digital
wireless technology across the globe are the prime dynamics that are augmenting
the global microphone market growth. The microphone market is projected to grow
at a CAGR of 5.82% during the forecast period 2019-2025.
The report is titled
as “Microphone Market: By Technology (Wired & Wireless); By Application
(Consumer Electronics, Commercial, Video Surveillance, Medical, Automotive,
Aerospace & Defense); & By Geography - Analysis & Forecast (2019-
2025).” This market research report on the microphone market offers analysis on
market size, trends, growth drivers, and vendor analysis. It also include
insights on segmentation by product type, application and geography.
Microphone Market:
Leading Segments
Geographically, the APAC region dominated
the global microphone market occupying almost 37.47% of the total market share
in 2018. This is mainly due to the burgeoning end-user industries in the emerging
economies of this region such as India, China, and Japan. Specifically, the prosperity
in the electronics industry, being a prime manufacturer of microphones, in India
and China has led to promising prospects for the market in the Asia Pacific. The
growth in the electronics industry can be easily fathomed from the statistics
provided by Invest India, according to which the India electronics industry is anticipated
to attain $228 billion by 2020 from over $100 billion in 2016-17. Moreover, the presence of a high consumer base is providing a positive impulse to
the market growth in this region.
Microphone Market Trends
Piezoelectric MEMS Microphones:
Piezoelectric MEMS
microphone is a solid-state integrated circuit which can sense sound signals in
same pattern as traditional microphones. It is a waterproof, dustproof,
particle-resistant, and shockproof microphone. These features are attributed to
the fact that Piezoelectric MEMS microphone design replaces diaphragm and backplate with flexible alternatives. Owing to the aforementioned advantages, there is increasing popularity for piezoelectric MEMS microphones, thereby
disrupting the global microphone market growth.
Microphone Market Companies
There are many
companies that are expanding geographically to gain ground over their
competitors. Some of the major companies that are striving to acquire prominent
position in the microphone market are Knowles, AAC, Vektor, Goertek, Infineon,
BSE, Bosch, Wolfson, Analog Devices, NeoMEMS, Hosiden, Omron, and
STMicroelectronics.
Talk to one of our
sales representative about the full report by providing your details in the
link below:
https://www.industryarc.com/support.php?id=15580
Related Reports:
A. Wireless Microphone
Market
https://www.industryarc.com/Research/Wireless-Microphone-Market-Research-504082
B. Wireless Audio Market
https://www.industryarc.com/Report/15503/wireless-audio-market.html
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