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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Microphone Market Growth
The growth of the microphone market is driven by rising applications of microphones in the automotive sector and high usage in the entertainment and media sectors. Due to the rapid sales of smartphones and smart home devices, there has been increased demand for integrated microphones which offer hands-free communication and voice-activated commands to consumer electronics. Such microphones are equipped with noise suppression and far-field voice capture capabilities to aid with proper voice recognition.
Microphone market dynamics and trends are being boosted by the proliferation of wireless microphones due to their increased flexibility and improved convenience. These microphones offer immense freedom of movement and find growing usage during conferences, events, and live performances. There is also a rising trend of miniaturisation of microphones, which can boost the sound quality and are extremely beneficial during podcasts, vlogging and journalism. The Mini Mic Pro launched in April 2024 are compatible with the newest iPhone and Android models and offers crystal-clear sound quality.
The microphone industry revenue is driven by collaborations to combine technology solutions for the development of innovative products. For instance, Yamaha Corporation partnered with ScreenBeam Inc., in February 2024 to offer wireless audio-conferencing products and solutions.
Microphone Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 7.36 billion.
The market is estimated to grow at a CAGR of 5.60% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 12.14 billion by 2032.
The market is being driven due to the growth of the consumer electronics sector, rising applications of microphones in the automotive sector, and high usage in the entertainment and media sectors.
The key trends aiding the market include the proliferation of wireless microphones, miniaturisation of microphones, and advent of smart microphones.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is categorised according to the MEMS type, which includes analogue and digital.
Based on application, the market is divided into automotive, security and surveillance, consumer electronics, industrial, medical, and noise monitoring and sensing, among others.
The market key players are Knowles Corporation, Goertek Co., Ltd., Freedman Electronics Pty Ltd, TDK Corporation, Infenion Technologies AG, STMicroelectronics International N.V., ZillTek Technology, Hosiden Corporation., Sonion A/S, and Back Porch International, Inc., among others.
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