MEMS Microphone Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024
Global Optical Transceivers Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up t2024
The global MEMS microphones market is expected twitness a sigificant growth drivern 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. According tour research, the market for MEMS microphones is growing at a steady phase. In terms of volume, the market is expected treach 13.3 billion units by 2024. Additionally, an increasing interest on rugged MEMS microphones is expected tcreate new business opportunity for the vendors focusing on piezoelectric MEMS microphones. However, continuous fluctuation of profit margins due tdeclining average selling price, is the key challenge hindering the progression of global MEMS microphone market.
Market Revenue and Segmentation Analysis:
The global MEMS microphones market is expected treach $ 2,898.8 million by 2024, growing at 11.7% CAGR during the forecast period 2018 t2024. The market is segmented based on signal tnoise rati(SNR), type, technology, and application. Based on signal tnoise rati(SNR), the market is segmented intless than and equal t59 db (<= 59 db), greater than 59 db and less than 64 db ( >59 db and < 64 db), and greater than 64 db (>64 db).
Based on type, the market is segmented intanalog and digital. The digital segment was dominant in 2017 and is expected tremain sthroughout the forecast period. This is mainly due tincreased market supply.
Based on technology, the market is segmented intcapacitive MEMS microphones and piezoelectric MEMS microphones.
Based on application, the market is segmented intmobile handsets, other consumer electronics, hearing aids, IoT & VR, and others
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 tremain dominant throughout the forecast period. This is mainly due tan expanding fabless business model and widespread presence of dedicated foundries/contract manufacturers in the region. The report alscovers country-wise analysis of MEMS microphones market across various regions including Asia Pacific, Americas, and rest of the world (RoW).
Benefits and Vendors
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. The report covers an in-depth analysis of various vendors in global MEMS microphones market including Knowles Electronics, LLC., STMicroelectronics, AAC Technologies, Cirrus Logic, TDK (InvenSense, Inc.), Robert Bosch GmbH (Akustica Inc.), DB Unlimited, BSE, Sonion, and Vesper Technologies, Inc.
The study offers a comprehensive analysis of the “Global MEMS Microphones Market”. Bringing out the complete key insights of the industry, the report aims tprovide an insight on the latest trends, current market scenario, and technologies related tthe market. In addition, it helps the venture capitalists tunderstand revenue opportunities across different segments ttake better decisions
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