Microphone market will be worth $1.81 billion by 2020 at an estimated CAGR of 7.5%.

Microphone Market by Type (MEMS (Analog and Digital), Electret, Other), by Application (automotive, commercial security & surveillance, consumer electronics, industrial, medical, and sensing), & by Geography – Analysis & Forecast to 2014 – 2020

The total market for the Microphone market will be worth $1.81 billion by 2020 at an estimated CAGR of 7.5%. The microphone market has been divided into three types, namely MEMS microphones, electrets microphones, and other microphones. MEMS microphones have further been segmented as digital MEMS microphones and analog MEMS microphones.

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Microphones Market is defined as the transducers which convert the acoustic pressure wave signals to the electrical signals. Microphones are mainly used to convert the acoustical energy into electrical energy in a wide range of applications, ranging from consumer level applications, such as smartphones, to large-scale applications, such as in industries. Microphones are widely used in voice recognition, voice transmission, noise recognition and reduction, and numerous sensing applications. For instance, they are used in different applications, namely automobile for driver assistance and positioning control, medical, electronic stethoscopes, commercial security for gunshot detection, and so on. Moreover, with the recent development in the MEMS technology and emergence of connected environment, multiple microphones are being implemented in a single device for features such as “always on”, noise reduction, and so on.

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APAC currently leads the market share of the microphone market as this region has the maximum adoption. The Americas is the emerging market for microphones and the European market is estimated to increase at a CAGR of 7.9% from 2014 to 2020. For automotive applications America is the largest market and this trend is expected to be continuing in coming future.

The market of microphones is heavily driven by the consumer electronics devices. The devices such as laptops, tablets, and smart phones are now operated on voice commands. These applications need more quality input of voice. MEMS based microphones are the best suited option for this requirement. Many players adopted this new MEMS based microphone technology. The latest trends also show that the number of microphones used per devices is increasing, in order to provide better signal to noise ratio.

Some of The major players in the microphone market are AAC Technologies Holdings Inc. (China), Robert Bosch GmbH (Germany), BSE (South Korea), Cirrus Logic Inc. (U.S.), Goertek (China), Hosiden Corporation (Japan), InvenSense, Inc. (U.S.), Knowles Corporation (U.S.), STMicroelectronics N.V. (Switzerland), and Shandong Gettop Acoustic Co. Ltd. (China), among others. 

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Some of the major industries in microphone market are such as automotive, commercial security & surveillance, consumer electronics, industrial, medical, and sensing applications.

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