USD 1.2 billion
Report ID:
SQMIG25E2038 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
92
|Figures:
76
MEMS Microphones sensor Market size was valued at USD 1.2 billion in 2021 and is poised to grow from USD 1.29 billion in 2022 to USD 2.3 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).
MEMS Microphones sensors are becoming popular since they are of small size, consume low power, have high sensitivity, Low noise, and are easy to integrate. However, when a high-frequency response or dynamic range and temperature stability are required, the disadvantages of MEMS microphones must be considered for various applications.
The use of compact devices such as smartphones, wearables, and hearing aids in recent times has doubled and therefore MEMS microphones being incredibly small makes suitable association with them. Mainly these devices are battery-powered. Therefore MEMS becomes the ideal solution as they consume very little power. Whenever high sensitivity is required, such as in hearing and medical types of equipment, MEMS microphones are suitable to use as they can detect very low sound pressure levels. The association of MEMS Microphones is suitable because they are easy to integrate and have low self-noise, which makes them suitable for capturing clear audio.
However, with unlimited frequency response, and high-cost sensitivity towards vibration, limited dynamic range, and limited temperature range are some of the major disadvantages associated with MEMS microphone sensors. The ability to capture certain specific types of sound can be affected as they have a limited frequency response range. Along with the ability, the cost associated with MEMS Microphones can be expensive compared to traditional electorate microphones.
US MEMS Microphones sensor Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.2 billion
Largest Segment
Digital
Fastest Growth
Digital
Growth Rate
7.5% CAGR
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Global MEMS Microphones sensor market is segmented on the basis of application, Type, directionality, and region. By application, the MEMS Microphones sensor market is segmented into mobile phones, consumer electronics, automotive, medical, and industrial and others. By type, the MEMS Microphones sensor market is segmented into digital, analog and others. By directionality, the MEMS Microphones sensor market is segmented into omni-directional, uni-directional, and bi-directional. By region, the MEMS Microphones sensor market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
MEMS Microphones sensor market Analysis by Type
By application, the global market is divided into many segments such as digital, analog, and others. Over the forecast period, the analog segment is expected to show steady growth due to the high demand for analog output-type microphones in the majority of smartphones. These microphones currently account for about 70%-80% of the global market. Samsung is the only smartphone manufacturer using digital MEMS microphones, as digital output-type microphones are more expensive and less sensitive to electromagnetic interference than analog output-type microphones. However, digital output-type microphones are preferred in laptops due to their immunity to friction caused by the liquid crystal display (LCD) unit. Thus, the digital segment is expected to grow at a higher rate compared to the analog segment. Going forward, most new MEMS microphones will likely be digitally enabled, and analog microphones are expected to become increasingly obsolete.
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Globally, The Asia Pacific region dominates the MEMS microphone market, driven by well-established manufacturing facilities in China, the Philippines, and Thailand, among others. As the proliferation of smartphones, hearing aids, consumer electronics, and IoT & VR devices continues in the region, the Asia Pacific market is expected to register the highest CAGR over the forecast period. Additionally, the MEA market is expected to experience significant growth. As VR is still in its early stages in the region, several hackathon events are being organized frequently to promote the technology, which is expected to boost demand for MEMS microphones in the MEA market.
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MEMS Microphones sensor market Drivers
Increasing Popularity of Voice Enabled Devices to Boost Market Growth
MEMS Microphones sensor market Restraints
Design Complexity to Hinder Market Growth
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The forecast period is expected to witness a surge in competition within the global MEMS Microphones sensor market. This can be attributed to the entry of new players in the market as well as the projected increase in the number of devices that are compatible with MEMS Microphones sensors. Currently, the global market is dominated by a limited number of key players, but this is anticipated to change in the coming years as the market becomes more competitive.
MEMS Microphones sensor market Top Player’s Company Profiles
MEMS Microphones sensor market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Based on our analysis of the global MEMS Microphones sensor market, it is expected to experience substantial growth during the forecast period owing to its numerous advantages. These include small size, low power consumption, high sensitivity, low noise, and ease of integration. However, for applications requiring high-frequency response or dynamic range and temperature stability, it is important to take into account the disadvantages of MEMS microphones. Nonetheless, the integration of MEMS Microphones sensors in devices will enhance their convenience for users. Given the high anticipated rate of growth and demand, the market the presents significant potential for new players to enter.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 1.2 billion |
Market size value in 2030 | USD 2.3 billion |
Growth Rate | 7.5% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the MEMS Microphones sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the MEMS Microphones sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the MEMS Microphones sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the MEMS Microphones sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25E2038
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