MEMS MICROPHONE MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Micro-electromechanical system or MEMS microphones are constructed with a MEMS component placed on a printed circuit board (PCB) and protected with a mechanical cover. A tiny hole is introduced in the case, in order to allow sound into the microphone. Generally, the MEMS component is designed with a mechanical diaphragm, while the mounting structure is created on a semiconductor die. MEMS microphones are typically used for wireless applications such as audio monitoring, sound source localization WSNs, audio monitoring WSNs, and more. Generally, these applications require miniature size, low power, and relatively high data quality.

 The global MEMS microphones market was valued at US$ 1961.8 Mn in 2021.

Recent Developments:

• Key companies are focused on partnerships, in order to expand their market presence. For instance, in September 2022, CUI, Inc., a manufacturer of electronic products, partnered with Sager Electronics, a distributor of electromechanical, Power, and Interconnect products, and custom solutions. Through this partnership, CUI Inc. plans to expand its product portfolio in the North American region.
• Major market players are involved in capacity and business expansion, in order to gain a competitive edge in the market. For instance, in May 2020, AAC Technologies inaugurated a new MEMS microphone design center in Edinburgh, Scotland.

Restraint:

• Challenges associated with packaging and integration are expected to restrain growth of the global MEMS microphone market during the forecast period
• Inability to transfer high power is expected to hinder the global MEMS microphone market growth over the forecast period

Global MEMS Microphones Market - Impact of Coronavirus (Covid-19) Pandemic:

Due to the Covid-19 pandemic, various industries in the world were heavily impacted. Furthermore, the government imposed a suspension of unnecessary Manufacturing industries which leads to the scarcity of raw materials required for MEMS microphones production. Moreover, the shortage of raw materials hindered the supply chain. Which showed a huge revenue drop in the MEMS microphones market.

However, post Covid-19 MEMS microphones market is recovering from its impact and it is sure to retain its position in the market in 2 to 3 years.

Asia Pacific held a dominant position in the global MEMS microphones market in 2021 Statistics:

Asia Pacific region dominated the global MEMS microphones market in 2021, accounting for a 36.6% share in terms of value, followed by North America, Europe, and Latin America, respectively

Figure 1: Global MEMS Microphones Market Share (%), By Region, 2021

Asia Pacific Global MEMS Microphones Market is expected to be one of the prominent region in the global market and witness high growth during the forecast period. This is owing increasing demand for MEMS Microphones in emerging economies such as South Korea, India, and China.          

Figure 2: Global MEMS Microphones Market (US$ Mn) Analysis and Forecast, 2017 - 2030

The global MEMS microphones market was valued at US$ 1961.8 Mn in 2021 and is expected to reach US$ 6733.2 Mn by 2030, growing at a CAGR of 14.9% between 2022 and 2030.

Major players operating in the global automotive Pumps market include AAC Technologies, Knowles LLC, Goertek, InvenSense, Inc., Cirrus Logic, Inc., STMicroelectronics, CUI, Inc, Infineon Technologies AG, and Vesper Technologies Inc.