10-Jun-2019 | Zion Market Research
Zion Market Research has published a new report titled “Microphone Market by Type (MEMS, Electret, and Others) and by Application (Automotive, Medical, Consumer Electronics, Commercial Security & Surveillance, Industrial, and Sensing Application): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global microphone market was valued at around USD 1,475 million in 2018 and is expected to reach approximately USD 2,388 million by 2025, at a CAGR of around 7.06% between 2019 and 2025.
Microphones are extensively used in voice communication, voice recognition, noise recognition and reduction, and several sensing applications. Microphones are used in numerous applications, such as public events, telephones, public address systems for recording audio engineering, hearing aids, motion picture production, two-way radios, digital still and video cameras, gaming, and virtual reality input devices. The global microphone market is expected to grow notably over the forecasted time period, owing to the growing demand from various industries, such as automotive, medical, consumer electronics, commercial security and surveillance, industrial, etc., and the rising use of advanced technology in the manufacture of microscopes. Additionally, the rapid developments and swift industrialization are also supporting the progress of the global microphone market. Furthermore, rising consciousness about several benefits of microphones is further fuelling the global microphone market growth. However, the high manufacturing cost of microphones may hinder the global microphone market.
Browse the full “Microphone Market by Type (MEMS, Electret, and Others) and by Application (Automotive, Medical, Consumer Electronics, Commercial Security & Surveillance, Industrial, and Sensing Application): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/microphone-market
The global microphone market is fragmented based on type and application. Based on type, the global microphone market includes MEMS, electret, and others. The MEMS segment includes analog and digital. MEMS-based microphones are expected to attain the largest market share globally in the upcoming years, due to their small form, cost-effectiveness, and their growing popularity in the consumer electronics industry. For instance, due to enormous delivery volumes of smartphones, the MEMS microphone market registered substantial growth over the last few years.
Based on application, the global microphone market includes automotive, commercial security and surveillance, consumer electronics, industrial, medical, and sensing application. The consumer electronics application segment currently holds the highest share of the global microphone market, owing to the growing to the use of MEMS microphones.
By geography, the Asia Pacific countries like China and India are projected to lead the global microphone market in the future, owing to the maximum acceptance of microphones by the regional population. The growing microphones demand from various industries, such as automotive, commercial security and surveillance, consumer electronics, industrial, medical, etc., is boosting the North American microphone market. Manufacturers are concentrating on proposing wireless microphones that have great functionality and groundbreaking design to gain notable shares of the global microphone market. In the European region, the increasing awareness and rapid industrialization will support the microphone market growth, particularly in Germany and France.
Some key players operating in the global microphone market are Robert Bosch, Goertek, BSE, AAC Technologies Holdings, Knowles Corporation, Cirrus Logic, Hosiden Corporation, InvenSense, STMicroelectronics, and Shandong Gettop Acoustic.
This report segments the global microphone market into:
Global Microphone Market: Type Analysis
Global Microphone Market: Application Analysis
Global Microphone Market: Regional Analysis
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