The global MEMS microphones market size is expected to reach USD 8,313.3 million in 2033. The MEMS microphones market is growing significantly. As per FMI Analysts, the global MEMS microphones market is estimated to be valued at USD 1,967.6 million in 2023 and is projected to increase at a CAGR of 15.5% in the forecast period from 2023 to 2033.
The market for MEMS microphones is booming with the increased adoption of mobile devices such as smartphones, tablets, etc. MEMS microphones provide enhanced features such as improved audio recording, which is resulting in increased usage of mobile phones, which is accelerating the MEMS microphones market growth.
Since MEMS microphone technology has been enhanced, it has been used in a variety of electrical devices and voice-activating systems, resulting in MEMS microphones being adopted in hearing aids as well. Further, MEMS microphones have been adopted in smartphones, so the product is poised to continue to be used in voice-activated products in the future.
Asia Pacific is the leading regional market in the report due to the presence of well-established manufacturing facilities in China, the Philippines, and Thailand, among others. According to the forecast, the Asia Pacific region is estimated to witness the highest CAGR in the coming years due to the significant proliferation of smartphones, hearing aids, and IoT & VR devices in the region.
Considering that VR is still in its infancy stages in the Middle East and Africa regional market, several hackathon events are being organized frequently to popularize VR technology, thereby bringing about an increase in the demand for MEMS microphones.
Currently, a few companies control a large market share of the MEMS microphones market. With the fierce competition intensifying, key players are focusing efforts on research and development activities and entering into partnerships with established players. They are also improving their distribution strategies by teaming up with distributors.
Manufacturing companies are also emphasizing the development of a robust distribution network across a wide range of countries. These strategies help them gradually increase the MEMS microphones market share. For example,
| Report Attributes | Details |
|---|---|
| MEMS Microphones Market Estimated Base Year Value (2022) | USD 1,703.6 million |
| MEMS Microphones Market Expected Market Value (2023) | USD 1,967.6 million |
| MEMS Microphones Market Anticipated Forecast Value (2033) | USD 8,313.3 million |
| MEMS Microphones Market Projected Growth Rate (2023 to 2033) | 15.5% CAGR |
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Based on the report's regional analysis, North America is dominating the MEMS microphones market, with a share of 34%, owing to many well-established factories located there.
The region is expected to register a significant CAGR over the forecast period due to continued advancements in smartphones, hearing aids, and other consumer electronics, as well as the growing adoption of IoT and VR devices in.
The MEMS Microphone is projected to anticipate a high number of adoption rates given the region's high smartphone penetration rates and the already sizable consumer electronics market in the United States.
The adoption rate of MEMS microphone technology is probably going to increase significantly as the smartphone market is one of the most aggressive adopters of the technology.
One of the biggest manufacturers of smartphones located in the United States is Apple, and it has included MEMS microphones in several iPhone models.
The Europe market is also expected to grow considerably with a share of 23%, because virtual reality is still in its early stages. Several hackathons are taking place frequently to popularize the technology in the Middle East and Africa’s markets, thus driving demand for MEMS microphones there.
MEMS microphone prices are assumed to decrease over the forecast period, and the profit margins for manufacturers are anticipated to decrease subsequently. Nonetheless, MEMS microphones are likely to be used in a multitude of industries and end-use verticals, including automotive, agriculture, telepresence, industrial manufacturing, oil & gas, construction, and medical telemetry, among others.
MEMS microphones are expected to be shipped in great numbers over the forecast period as a result.
Piezoelectric provides a great SNR due to the usage of scandium-doped AIN film, which also benefits in sound dampening. Among the key roles of piezoelectric products is that they contribute to regular productivity and are significantly less prone to degradation even after extended use.
The piezoelectric market is expected to gain pace over the projected period due to the high demand for piezoelectric era-primarily based microphones to be employed in audio devices such as portable intelligent speakers and automotive infotainment systems. As a result, piezoelectric MEMS microphones are likely to increase rapidly in the future years.
SensiBel AS (Oslo, Norway), a startup developing MEMS microphones, has raised €15 million (roughly USD 16 million) in a funding round that was co-founded by Trumpf Ventures. Other investors included Skagerak Capital, Investinor, The European Council's EIC Fund, and SINTEF Venture IV.
Some of the leading companies operating in the global MEMS microphones market include Knowles Electronics, LLC., AAC Technologies, Goertek, BSE Co., Ltd., STMicroelectronics, Analog Devices, Inc., Hosiden Corporation, Mouser Electronics, Inc., NeoMEMS Technologies Inc., and Akustica Inc.
There are few powerful players in the market, which is highly condensed. To stay competitive, the key players are focusing on investing in research and development activities and building partnerships with established companies. They are also developing their distribution strategies, which involve collaborating with distributors to reach a wider market.
Several manufacturers are also emphasizing extending their international networks of partners. This strategy is successful as it enables them to expand their market reach gradually. DB Unlimited signed distribution agreements with Symmetry Electronics and Master Electronics, while CUI Inc. signed an agreement with Arrow Electronics.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 15.5% from 2023 to 2033 |
| MEMS Microphones Market Expected Market Value (2023) | USD 1,967.6 million |
| MEMS Microphones Market Anticipated Forecast Value (2033) | USD 8,313.3 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; The Middle East & Africa (MEA) |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Knowles Electronics; LLC.; AAC Technologies; Goertek; BSE Co., Ltd.; STMicroelectronics; Analog Devices, Inc.; Hosiden Corporation; Mouser Electronics, Inc.; NeoMEMS Technologies Inc.; Akustica Inc. |
| Customization | Available Upon Request |
The market was estimated to be around USD 1,703.6 million in 2022.
The increased adoption of mobile devices like smartphones, etc., drives the market.
Lack of capability to transfer high-power may hamper the market.
The market valuation is expected to be USD 8,313.3 million by 2033.
Asia Pacific dominates the MEMS Microphones Market.
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MEMS Microphones Market
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