Press release
MEMS Microphone Market is Set to Experience Revolutionary Growth by 2024
The global MEMS microphones market is expected to witness a sigificant growth driven by key factors including increasing number of MEMS microphones in mobile handsets, expanding voice assistance solutions, increasing adoption of MEMS microphones for hearing aids, and growing importance of MEMS microphones in internet of things (IoT) & automotive applications.
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According to our research, the market for MEMS microphones is growing at a steady phase. In terms of volume, the market is expected to reach 13.3 billion units by 2024. Additionally, an increasing interest on rugged MEMS microphones is expected to create new business opportunity for the vendors focusing on piezoelectric MEMS microphones. However, continuous fluctuation of profit margins due to declining average selling price, is the key challenge hindering the progression of global MEMS microphone market.
Competitive Analysis & Key Vendors
The global MEMS microphones market is expected to reach $ 2,898.8 million by 2024, growing at 11.7% CAGR during the forecast period 2018 to 2024. The market is segmented based on signal to noise ratio (SNR), type, technology, and application.
The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape.
Few of the MEMS Microphone Market key players profiled in this study include:
Knowles Electronics, LLC.
STMicroelectronics
AAC Technologies
Cirrus Logic
TDK (InvenSense, Inc.)
Robert Bosch GmbH (Akustica Inc.)
DB Unlimited
BSE
Sonion
Vesper Technologies, Inc.
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Regional Analysis:
Asia Pacific dominates the MEMS microphones market, followed by the Americas. In terms of revenue, Asia Pacific accounted for the highest market share in 2017 and is projected to remain dominant throughout the forecast period. This is mainly due to an expanding fabless business model and widespread presence of dedicated foundries/contract manufacturers in the region. The report also covers country-wise analysis of MEMS microphones market across various regions including Asia Pacific, Americas, and rest of the world (RoW).
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