Overview and Scope
A microphone is a type of transducer that converts acoustic energy into audio signals.
Sizing and Forecast
The microphones market size has grown steadily in recent years. It will grow from <b>$2.63 billion in 2023 to $2.72 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. </b> The growth in the historic period can be attributed to media and entertainment industry, telecommunications and audio communication, consumer electronics, professional audio recording, live performances and events.
The microphones market size is expected to see steady growth in the next few years. It will grow to <b>$3.09 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. </b> The growth in the forecast period can be attributed to voice-activated devices, 5g technology, telemedicine and remote work, automotive voice control, iot devices. Major trends in the forecast period include directional microphones, wireless and bluetooth connectivity, miniature and wearable microphones, usb microphones, environmental and noise-canceling microphones.
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Segmentation & Regional Insights
The microphones market covered in this report is segmented –
1) By Product Type: Wired Microphones, Wireless Microphones
2) By Technology: Electret, MEMS, Other Technologies
3) By Application: Automotive, Commercial Security & Surveillance, Consumer Electronics, Industrial, Medical, Noise Monitoring & Sensing
4) By End-User: Studio & Broadcasting, Large Venues and Events, Educational Institutions, Government and Military, Corporate, Hospitality
<b>Asia-Pacific</b> was the largest region in the microphones market in 2023. <b>North America</b> was the second-largest region in the microphones market. The regions covered in the microphones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Widespread adoption of smartphones globally contributing to the growth of the microphones market. The demand for mobiles is directly proportional to demand for microphones. Mobile penetration is rapidly growing day by day across the globe, it is estimated that more than 5 billion people have mobile phones and half of them are smartphones. Younger people are more likely to have smartphones, access to the internet and use social media to be digitally connected. According to a Pew Research Center survey conducted across 18 advanced economies revealed that, a median of 76% have smart phones compared with a median of 45% in emerging economies. In Japan 69% of men and 63% of women own smartphones. Therefore, adoption of mobile phones is expected to increase the microphones market’s growth.
Key Industry Players
Major companies operating in the microphones market include <b>Knowles Corporation, Goertek, STMicroelectronics, BSE, NeoMEMS Technologies, Hosiden, InvenSense, Cirrus Logic, AAC Technologies, Infineon Technologies, OMRON, New Japan Radio, Bosch Sensortec, MEMSensing, Robert Bosch GmbH, Analog Devices Inc, Audio-Technica, HARMAN International (SAMSUNG), MUSIC Group (MUSIC Tribe), Sennheiser Electronic, SHURE, Sony, Yamaha, Mouser Electronics, Akustica Inc., Shandong Gettop Acoustic Co. Ltd., Vesper Technologies, CUI Inc, ZillTek Technology Corp., Hosiden Corporation, Sonion, Georg Neumann GmbH, Microscan Systems Inc., AKG Acoustics, Nevaton, Neumann, MXL, Soyuz Microphones, Solomon Design, ShuaiYin, Oktava</b>
The microphones market report table of contents includes:
1. Executive Summary
2.Microphones Market Characteristics
3.Microphones Market Trends And Strategies
4.Microphones Market analysis
5.Microphones Market Size And Growth
6.Microphones Segmentation
7.Microphones Regional And Country Analysis
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27.Microphones Competitive Landscape And Company Profiles
28.Microphones Key Mergers And Acquisitions
29.Microphones Future Outlook and Potential Analysis
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