DUBLIN, April 6, 2020 /PRNewswire/ -- The "Microphones Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.
The global microphones market was worth $2.48 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 0.43% and reach $2.53 billion by 2023. North America was the largest region in the microphones market in 2019.
This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider microphones market, and compares it with other markets.
Widespread adoption of smartphones globally contributing to the growth of the microphones market. The demand for mobiles is directly proportional to demand for microphones. Mobile penetration is rapidly growing day by day across the globe, it is estimated that more than 5 billion people have mobile phones and half of them are smartphones. Younger people are more likely to have smartphones, access to the internet and use social media to be digitally connected. According to a Pew Research Center survey 2018 conducted across 18 advanced economies revealed that, a median of 76% have smart phones compared with a median of 45% in emerging economies. In Japan 69% of men and 63% of women own smartphones. In 2019, 57% of women and 63% of men own smartphones. Therefore, adoption of mobile phones is expected to increase the microphones market's growth.
In both developing and developed economies, devices such as Amazon Alexa and Google Home are gaining popularity. These devices are manufactured by extensive use of microphones, which are able to respond to human voices. A smart assistant can perform various tasks such as playing music, news with the help of software that is installed in these smart devices. The home users are interacting with the SPA technology, which is an emerging innovation that is changing the way. The growing demand for personal home assistance owing to increasing disposable incomes and standard of living are driving revenues in the global microphones market.
Technical difficulties hampering the adoption of wireless microphones are expected to limit the growth of the microphones market. Due to the obstructions and physical distance between transmitter and receiver wireless microphones are subjected to signal blockages. In large events, microphone reception fades drastically due to dead zones created by obstructions and physical distance. Although hand free microphones are popular and unobtrusive many people have a habit to turn their heads while talking causing the voice to drop significantly. Wireless microphones can operate in VHF, UHF, 2.4GHz and 6GHz bands. The obstructions and the signal blockages are some of the technical difficulties that limit the growth of the microphones market.
In December 2019, Knowles Corporation, a market leader and a global provider of advanced micro-acoustic, audio processing, and precision device solutions, acquired microphone design assets from AMS AG for a deal amount of $58 million. The transaction includes intellectual property, rights to source ASIC wafers from multiple foundry partners, and the transfer of the ASIC design team, which will continue to be based in Switzerland. AMS AG designs and manufactures advanced sensor solutions and also delivers a broad range of technology solutions for consumer electronics and communication device manufacturers. Products in AMS AG include sensor ICs, interfaces and related software for consumer, communication, industrial, medical, and automotive markets.
Major players in the microphones market are Knowles Corporation, Goertek, STMicroelectronics, BSE, NeoMEMS Technologies, Hosiden, InvenSense, Cirrus Logic, AAC Technologies, and Infineon Technologies.
Key Topics Covered
1. Executive Summary
2. Microphones Market Characteristics
3. Microphones Market Size and Growth
3.1. Global Microphones Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers of the Market
3.1.2. Restraints on the Market
3.2. Global Microphones Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers of the Market
3.2.2. Restraints on the Market
4. Microphones Market Segmentation
4.1. Global Microphones Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Wired Microphones
- Wireless Microphones
4.2. Global Microphones Market, Segmentation by End-User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Studio & Broadcasting
- Large Venues and Events
- Educational institutions
- Government and Military
5. Microphones Market Regional and Country Analysis
- AAC Technologies
- Akustica Inc.
- Analog Devices Inc.
- Bosch Sensortec
- Cirrus Logic
- CUI Inc.
- HARMAN International (SAMSUNG)
- Infineon Technologies
- Knowles Corporation
- Mouser Electronics
- MUSIC Group (MUSIC Tribe)
- NeoMEMS Technologies
- New Japan Radio
- Robert Bosch GmbH
- Sennheiser Electronic
- Shandong Gettop Acoustic
- TDK Corporation's InvenSense
- Vesper Technologies
For more information about this report visit https://www.researchandmarkets.com/r/oy301r
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