The global microphone market size surpassed USD 2.3 billion in 2022. It would exceed USD 4.6 billion by 2032. A CAGR of 7.1% would be exhibited by the market in the estimated time frame.
The global market would create an absolute dollar opportunity worth USD 2.3 billion from 2022 to 2032. Need for hearing aids with top-notch microphones would surge in the next ten years.
It is attributed to growing problem of hearing loss among the elderly. The user can hear clearly in a complicated and noisy environment. It would take place owing to microphones such as omnidirectional and directional microphones.
Need for microphones would also be driven by increasing use of wireless microphones. These are used in the entertainment, television broadcasting, and public speaking industries.
In noise monitoring and sensing applications, microphones are useful in detecting noises around a device. For instance, in September 2021, Fitbit rolled out the feature of noise and snore detection in India.
It uses a microphone on the device to collect and analyze information about the user’s environment. Once the user falls asleep, the device tries to distinguish between snoring and other sounds.
In music industry, microphones are extensively used for sound recordings and streaming of music albums. The industry uses top-notch microphones that offer superior audio quality and low power consumption.
For instance, Infineon’s XENSIV MEMS microphones are used for music applications. They turn laptops into communication systems. They also deliver high sound quality with lowest possible noise.
Microphones would further witness high demand with their usage in surveillance, monitoring, and intelligence. The government and defense sectors would look for advanced microphones.
Growing market prospects would be brought about by proliferation of IoT-enabled devices. The market has profited from the delivery of cutting-edge features.
These include sound detection sensors and 3D audio systems. Adoption of virtual reality and IoT technology across several consumer electronic devices would also augment demand.
| Attributes | Key Insights |
|---|---|
| Microphone Market Estimated Size (2022E) | USD 2.3 billion |
| Projected Market Valuation (2032F) | USD 4.6 billion |
| Value-based CAGR (2022 to 2032) | 7.1% |
| USA Value-based CAGR (2022 to 2032) | 5.9% |
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As per Future Market Insights, the microphone market witnessed a CAGR of 7.8% in the historical period between 2017 and 2021. Microphone demand escalated at a fast pace in the past five years.
Proliferation of smart technologies such as internet of things sensors and household virtual assistants would push sales. These need to be able to ‘hear’ their surroundings. These should also be tolerant of acoustic & electrical noise and easy to design.
Autonomous vehicles employ speech recognition technology to capture voice. It creates contact between the driver and the vehicle.
Autonomous section of the automotive industry is propelling growth in the microphone market. By 2030, there will be 125 million electric vehicles on the road, according to the International Energy Agency. Microphone sales would soar as a result of surging demand from the automotive sector.
Networked audio technology's emergence and institutional demand would propel microphone sales. Ongoing expansion of the music production and recording industries would further push sales.
High governmental and corporate demand would expand the market for microphones. Backed by the aforementioned factors, the global market would showcase a CAGR of 7.1% during the estimated time frame.
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North America Wireless Microphone Market Size to Expand with Rising Demand from Music Industry
North America would create new opportunities by 2032 for microphone manufacturers. The region is considered to be one of the largest music markets in the world.
Microphones are extensively used in the music industry for sound recordings. As per the International Federation of the Phonographic Industry, value of recorded music in the USA accounts for one-third of the global market.
Various musicians in the USA are part of the American Federation of Television and Radio Artists. A few others belong to the American Federation of Musicians (AFM).
Presence of such entities in the USA triggers microphones demand for music composition and recordings. North America microphone market size was USD 0.84 billion in 2021.
In 2022, it reached a valuation of USD 0.92 billion. Future Market Insights predicts the region to be worth USD 1.82 billion in 2032.
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Use of Professional Microphones by USA-based Automakers would Drive Sales
The USA is home to numerous microphone-making companies. These include Knowles Electronics LLC, Texas Instruments, Analog Devices, and On Semiconductors.
Alexa, for instance, uses Knowles’ AISonic SmartMic Headset Development Kit. It has high performance MEMS microphones.
As of April 2021, Knowles' Automotive-Grade SiSonic MEMS microphones are used in the automotive industry. These are used for hands-free calling and advanced voice assistance.
Such developments in the USA automobile and consumer electronics industries would boost microphone demand. The country would expand at a CAGR of 5.9% in the forecast period. It would reach USD 1.4 billion by 2032.
MEMS Microphone Market to Witness Skyrocketing Growth by 2032
Micro-electromechanical systems (MEMS) microphones would exhibit rapid growth. The segment would exhibit 7.0% CAGR from 2022 to 2032. It showcased a CAGR of 7.7% during the historical period.
In June 2022, Infineon Technologies launched a smart alarm system. It has high accuracy. It will be used in machine learning and artificial intelligence. It includes the company’s analog XENSIV MEMS microphone IM73A135V01.
Similarly, in July 2020, Toposens GmbH launched the first commercial ultrasonic 3D-echolocation collision avoidance system. It has three Infineon Technologies’ MEMS- microphones.
The device is aimed to provide 3D sensing of the environment. MEMS microphones have a wide variety of applications. Hence, they would witness rapid growth.
Key players in the global microphone market are concentrating on releasing new goods and services. These would help them to expand their customer base and business.
Presence of both large and small producers distinguishes the sector. Foundation for competitiveness is laid by important differentiators. These include pricing and product quality.
Recognized industrial suppliers have legal distribution networks. They ship products to several locations.
Industrial players can innovate existing products or develop new ones. It would be a result of external influences such as shifting rules.
Few recent developments in the microphone market are
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 2.3 billion |
| Projected Market Valuation (2032) | USD 4.6 billion |
| Value-based CAGR (2022 to 2032) | 7.1% |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Value (USD billion) |
| Segments Covered | Micro-electromechanical Systems Type, Technology, Communication Technology, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, BENELUX, Poland, Russia, China, Japan, India, Association of Southeast Asian Nations, Brazil, Mexico, Australia, New Zealand, Gulf Cooperation Council Countries, Türkiye, Northern Africa, South Africa |
| Key Companies Profiled | Knowles; AAC Technologies; TDK; Sonion; Goertek; Omron; Memsensing; ST Microelectronics; Texas Instruments; Infineon Technologies; Cui devices; Analog devices; On Semiconductor; Neomems Technologies; Amkor Technologies; AKG Acoustics |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The global microphone industry was worth USD 2.3 billion in 2022.
The global microphone industry would reach a valuation of USD 4.6 billion in 2032.
The microphone industry exhibited a CAGR of 7.8% from 2017 to 2021.
The global microphone industry would exhibit a CAGR of 7.1% from 2022 to 2032.
The MEMS technology segment would expand at a CAGR of 7.0% between 2022 and 2032.
By application, the medical category would lead and soar at a CAGR of 6.9% in the forecast period.
The USA microphone industry would expand at 5.9% CAGR from 2022 to 2032.
Knowles Corporation, AAC Technologies, TDK Corporation, Goertek, and STMicroelectronics are key microphone suppliers.
North America would dominate the global microphone industry in the next ten years.
| Market Estimated Size in 2023 | USD 12,683.3 million |
|---|---|
| Projected Market Value in 2033 | USD 26,470.6 million |
| Value-based CAGR from 2023 to 2033 | 7.6% |
| Market Valuation for 2023 | USD 35,488.1 million |
|---|---|
| Market Valuation for 2033 | USD 113,265.7 million |
| Market CAGR from 2023 to 2033 | 12.3% |
| Estimated Year Market Value (2023) | USD 1,470.9 Million |
|---|---|
| Projected Year Market Value (2033) | USD 2,426.5 Million |
| CAGR (2023 to 2033) | 5.1% |
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