Pune, May 04, 2023 (GLOBE NEWSWIRE) — A global Electronics research and business-consulting firm, Maximize Market Research, has published a market intelligence report on the “MEMS Microphones Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the MEMS Microphones Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects, the market to grow from USD 1.82 Bn in 2022 to USD 3.97 Bn in 2029 at a CAGR of 11.8 percent.
MEMS Microphones Market Report Scope and Research Methodology
| Market Size in 2022 | USD 1.82 Bn. |
| Market Size in 2029 | USD 3.97 Bn. |
| CAGR | 11.8 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | SNR Range, Signal Type and Application |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report provides a detailed analysis of the data through segments: SNR Range, Signal Type and Application and their multiple sub-segments. The bottom-up approach is used to estimate the size of the MEMS Microphones Market by value and volume. The report involves investment feasibility, growth drivers, opportunities and competitive landscape in major geographic regions such as North America, Asia Pacific, Europe, Middle East and Africa and South America. The report analyses the MEMS Microphones Key Competitors through their market size and share, mergers and acquisitions and collaborations happening in the market. The report helps new and existing MEMS Microphones Market Key Players to develop their strategies based on competitive benchmarking included in the report. The data has been collected through primary and secondary research methods. Primary data were gathered from interviews with market leaders and opinions from senior research analysts. Whereas, secondary data were collected from annual reports from the organizations and public records. The MEMS Microphones Market data were later analysed by SWOT analysis, PORTER’s five force model and PESTLE analysis.
MEMS Microphones Market Overview
It is a mic that is produced using microelectromechanical systems processing techniques. These mics are etched into a semi-conductive silicon wafer. It has lower vibration sensitivity than ECMs. The end-user segments of the MEMS Microphones include personal electronics, industrial, automotive, peripherals and computers.
MEMS Microphones Market Dynamics
Advanced MEMS Microphones enhance the audio experience in smartphones and portable computers. MEMS Microphones include features such as echo and noise cancellation, wind noise filtering, beam steering, 3D sounds and other features, which are expected to drive the MEMS Microphones Market. The increasing demand for microphones in electronics applications such as wearables, hearables and IoT devices is a lucrative opportunity for the MEMS Microphones Key Companies to invest in. The initial high cost and the availability of alternatives and low-cost microphones are expected to hinder the growth of MEMS Microphones.
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MEMS Microphones Market Regional Insights
Asia Pacific is expected to dominate the MEMS Microphone Market during the forecast period. The economies in the region such as China, the Philippines and Thailand are known as hubs for the electronics manufacturing industry. The major MEMS Microphones Market Players are investing in Asia Pacific MEMS Microphone Market to increase their market share in this developing region. These factors are expected to drive the region’s market throughout the forecast period.
MEMS Microphones Market Segmentation
By SNR Range:
- SNR Range Less Than 60 dB
- Medium SNR Range from 60 – 65 dB
- SNR Range More than 65 dB
By Signal Type:
- Analog
- Digital
By Application:
- Consumer Electronics and Accessories
- Hearing Aids
- Wearables and IoT Devices
- Head-mounted Displays (AR, VR, MR)
- Automotive
- Others
Consumer Electronics and Accessories, including smartphones and wearables, is the largest application segment for MEMS microphones, accounting for the largest market share. In terms of technology, the market is segmented into analog and digital MEMS microphones.
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MEMS Microphones Key Competitors include:
- Knowles Corporation (Illinois, USA)
- Akustica Inc. (Pennsylvania, USA)
- CUI Devices (Oregon, USA)
- Invensense Inc. (California, USA)
- MEMSensing Microsystems (Canada)
- Infineon Technologies AG (Germany)
- STMicroelectronics (Switzerland)
- Robert Bosch GmbH (Germany)
- Vesper Technologies Inc. (UK)
- AAC Technologies (Switzerland)
- TDK Corporation (Japan)
- Omron Corporation (Japan)
- Goertek Inc. (China)
- Hosiden Corporation (Japan)
- New Japan Radio Co. Ltd. (Japan)
- Vesta Instruments (Israel)
- Bosch India (India)
- NeoMEMS Technologies Inc. (Taiwan)
- MemsTech (Brazil)
- NovoMEMS (Mexico)
- ONYX Microelectronics (Chile)
- Micromega Dynamics (South Africa)
- Technotronix (Egypt)
- Sensohive Technologies (South Africa)
- VIMOC Technologies (New Zealand)
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Key questions answered in the MEMS Microphones Market are:
- What is MEMS Microphones Market?
- What was the MEMS Microphones Market size in 2022?
- What is the expected MEMS Microphones Market size during the forecast period?
- What are the global trends in the MEMS Microphones Market?
- What are the major restraints for the MEMS Microphones Market?
- Which segment dominated the MEMS Microphones Market growth?
- What is the demand pattern for the MEMS Microphones Market?
- What growth strategies are the players considering to increase their presence in MEMS Microphones Market?
- What are the upcoming industry applications and trends for the MEMS Microphones Market?
- Who are the leading companies and what are their portfolios in MEMS Microphones Market?
- Which region dominates the largest market share in MEMS Microphones Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application and Industry Vertical
- Market Segmentation – A detailed analysis by SNR Range, Signal Type, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.