DUBLIN–(BUSINESS WIRE)–The “Microphone Market by Technology (MEMS, Electret), MEMS Type (Analog, Digital), Communication Technology (Wired, Bluetooth, Wi-Fi, AirPlay), SNR (Low <59 dB, Medium 60-64 dB, High >64 dB), Application & Region – Global Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
The global microphone market is expected to be valued at USD 2,454 million in 2023 and is projected to reach USD 3,526 million by 2028; it is expected to grow at a CAGR of 7.5% from 2023 to 2028
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the microphone market. A detailed analysis of the key industry players has been done to provide insights into their business overviews, products, key strategies, Contracts, partnerships, and agreements. New product & service launches, mergers and acquisitions, and recent developments associated with the microphone market. Competitive analysis of upcoming startups in the microphone market ecosystem is covered in this report.
The rise of social media, online content platforms, and streaming services has led to a surge in content creation. As a result, there is a growing demand for microphones among content creators, vloggers, podcasters, and streamers who require high-quality audio recording for their videos, podcasts, and live streams.
Microphones are used in hands-free calling, voice-activated controls, in-car communication systems, and noise cancellation features, enhancing vehicle audio experience. The automotive industry is incorporating advanced audio and communication systems, leading to an increased demand for microphones.
The key players operating in the microphone market are Knowles Electronics LLC (US), Goertek (China), AAC Technologies (China), TDK Corporation (Japan), and Infineon Technologies (Germany).
The wireless communication technology segment accounts for the largest market share for the microphone market
Wireless microphone technology has evolved significantly, leading to improved performance in terms of audio quality, range, signal stability, and interference resistance. Advanced wireless systems use digital transmission technologies, diversity reception, and frequency agility to deliver clear and reliable audio signals, even in challenging RF environments.
Wireless microphones find applications in various industries and settings, including live performances, concerts, theaters, broadcast studios, corporate events, education, houses of worship, sports events, and more. The versatility of wireless microphones makes them suitable for different environments, enabling professionals and performers to utilize them across a wide range of applications.
Medical industry accounts for the second-highest largest CAGR of the microphone market
Telemedicine, which involves remote diagnosis and treatment of patients through audio and video communication, has gained significant traction. High-quality microphones are crucial for clear and accurate audio transmission during telemedicine consultations, contributing to the growth of the microphone market in the medical field.
The rising prevalence of hearing impairments and the aging population have led to an increased demand for hearing aids. Microphones play a crucial role in hearing aids, capturing external sounds and transmitting them as amplified audio to the user. Technological advancements in hearing aids, including digital signal processing and noise cancellation, further drive the growth of the microphone market in the medical sector.
North America has the highest market share for the microphone market
North America has a vibrant entertainment and media industry, including music, film, television, and gaming. These industries heavily rely on high-quality audio capture for recording, broadcasting, and live performances. Microphones play a vital role in capturing sound accurately, resulting in high demand for microphones in these sectors.
North America has a large and thriving consumer electronics market. The region is a major hub for producing, selling, and consuming smartphones, tablets, smart speakers, gaming consoles, and other audio-related devices. The integration of microphones in these devices for voice control, virtual assistants, and communication purposes contributes to the region’s high market share of microphones.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 225 |
| Forecast Period | 2023 – 2028 |
| Estimated Market Value (USD) in 2023 | $2454 Million |
| Forecasted Market Value (USD) by 2028 | $3526 Million |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Premium Insights
- Rising Use of Wearable Devices to Drive Market
- Us and Mems Technology to Hold Largest Share of North American Microphone Market in 2023
- China to Capture Largest Share of Microphone Market in Asia-Pacific Throughout Forecast Period
- China to Record Highest CAGR in Global Microphone Market from 2023 to 2028
Case Study Analysis
- Use Case 1: Zoom Video Communications Approached Shure to Integrate Its Microphones into Zoom’s Platform to Ensure Effective Communication in Virtual Meetings
- Use Case 2: Google Used Audio-Technica Microphones in Video Conferencing to Address Challenge of Poor-Quality Audio During Virtual Meetings
- Use Case 3: Nikon Used Microphones from Rode Microphones to Enhance Audio Recording Capabilities of Its Cameras
- Use Case 4: Yamaha Deployed Audio-Technica Microphones in Its Audio Processing and Conferencing Systems for Effective Communication
- Use Case 5: Dji Integrated Microphones from Saramonic in Drones and Camera Systems to Ensure Professional-Grade Audio Capture Capabilities
Market Dynamics
Drivers
- Increasing Demand for Consumer Electronics
- Growing Adoption of Voice-Enabled Devices
- Technological Advancements in Automotive Sector
- Rising Trend of Video Conferencing and Remote Collaborations
Restraints
- Easy Availability of Counterfeit and Low-Quality Products
- Design-Related Constraints in Microphones
Opportunities
- Increasing Demand for Wearable Devices and Hearables
- Continuous Advancements in Microphone Technology
- Growth in Video Content Creation and Streaming
Challenges
- Compatibility Issues in Microphones
- Intense Competition Witnessed by Small/New Companies from Established Microphone Manufacturers
Technology Analysis
- Key Technologies
- Condenser Technology
- Dynamic Technology
- Electret Condenser Technology
- Mems (Microelectromechanical Systems) Technology
- Complimentary Technologies
- Digital Signal Processing
- Wireless Technology
- Beamforming Technology
- Adjacent Technologies
- Acoustic Material Technology
- Audio Processing and Mixing Technology
- Voice Recognition and Natural Language Processing
- Augmented Reality (Ar) and Virtual Reality (Vr)
Company Profiles
Key Players
- Knowles Electronics LLC
- Goertek
- Aac Technologies
- Tdk Corporation
- Infineon Technologies Ag
- Stmicroelectronics
- Zilltek Technology
- Hosiden Corporation
- Sonion
- Cui Devices
Other Companies
- Shandong Gettop Acoustic Co. Ltd.
- Bse Co. Ltd.
- Suzhou Minxin Microelectronics Technology Co. Ltd.
- Vesper Technologies, Inc.
- Sensibel
- Pui Audio
- Kingstate Electronics Corporation
- Harmony Electronics Corporation
- Db Unlimited
- Partron
- Stetron
- Ariose Electronics Co. Ltd.
- Omron Corporation
- Sanico Electronics Co. Ltd.
- Jli Electronics
For more information about this report visit https://www.researchandmarkets.com/r/3vwoxp
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