The Global MEMS Microphone Market, By Type (Digital and Analog), By Technology (Capacitive and Piezoelectric), By SNR (Very high (>=64dB), High (>=60 dB, < 64 dB) and Low (<= 59 dB)), By Application (Consumer Electronics (Mobile Phones and Others), IoT & VR, Hearing Aids and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Global Forecast to 2027”, is expected to be valued at US$ 4,531.2 Million by 2027, exhibiting a CAGR of 14.4%% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.
MEMS or micro-electromechanical microphone is a solid-state integrated IC that can sense voice in a similar way as the ECM microphone. MEMS microphones are typically used in consumer electronic products such as mobile phones, tablets, smartphones, wearables, smartwatches, smart TV, and more. MEMS microphones are extremely compact in size, consume low power, and offer longer battery life due to low current consumption. Furthermore, they can withstand high temperatures and vibrations and offer greater sensitivity for devices.
The global MEMS Microphone Market was accounted for US$ 1544.6 Mn in terms of value in 2019 and is expected to grow at CAGR of 14.4% for the period 2020-2027.
Rapid demand for modern microphones in smart wearable devices is expected to boost the global MEMS microphone market growth over the forecast period
Smart wearable devices such as fitness bands and smartwatches have gained significant traction in the recent past. These devices are far more advanced than ordinary wristwatches and offer vital information regarding pulse rate, calories burned, steps walked, body oxygen level, message and call notification, map, and many more. Many vendors are focused on launching a voice-activated smartwatch, in order to provide more interactive experience. For instance, in September 2018, Astrum, a Hong Kong-based electronics company, introduced SW300, a voice-activated smartwatch. It offers voice assistance support for Siri offering a smart way of interaction. MEMS are compact in size and thus are being increasingly used in these devices. Thus, these factors are expected to drive growth of the global MEMS microphone market during the forecast period.
MEMS Microphone Market - Impact of Coronavirus (Covid-19) Pandemic
Several governments across the globe such as U.S., France, India and Italy have imposed nationwide lockdown to restrict the spread of COVID-19 disease. For instance, Government of India have imposed lockdown from 1 June to 1 July until the further notice . Owing to the Lockdown, there is also shortage of the labors at the manufacturing facilities of consumer electronic products. Due to the less manpower, the manufacturing facilities are also facing difficulty to move the products.
Rising demand for smart speakers can provide major business opportunities in the global MEMS microphone market
A smart speaker is a type of speaker and voice command device, which is integrated with a virtual assistant. It offers hands-free and interactive activation with the help of one word. There is number of smart speakers available in the market namely Amazon Echo, Google Home, Apple HomePod Stereo Speaker, Bose Home Speaker, etc. Since these speakers are compact and portable, MEMS microphones are vastly used in their manufacturing. Furthermore, these speakers offer interactive use, and thus, they require a highly sensitive microphone with noise cancellation feature, and thus, MEMS microphones are used. Consumers are increasingly adopting smart speakers since they offer hands-free activities such as music streaming, podcasts, access to news, and information. It can convey commands to other smart devices in the home and can even do the shopping for the end users.
Reducing demand for microphones from the automotive sector due to the COVID-19 pandemic is expected to hinder the global MEMS microphone market growth over the forecast period
Previously, the automotive sector was one of the major end-use industries for MEMS microphones where they were used for speech recognition and hands-free driving. However, due to the COVID-19 pandemic, there has been a decline in demand for microphones and is expected to continue in the near future. Consumers are preferring cars that are inexpensive to purchase and offer low-cost operations. As a result of this, the demand for high-end and luxury automobiles is expected to reduce in the near future. Thus, these factors are expected to hinder the global MEMS microphone market growth over the forecast period.
North America Trends
Among regions, North America is expected to witness significant growth in the global MEMS microphone market during the forecast period. This is owing to rising population of smartphone owners across the U.S. Furthermore, the large presence of smart devices manufacturers such as Amazon, Google, Apple, Bose, and Sonos are expected to propel the regional market growth over the forecast period.
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Key players operating in the global MEMS microphone market are Vesper Technologies Inc., Knowles LLC, Goertek, InvenSense, Inc., AAC Technologies, Cirrus Logic, Inc., STMicroelectronics, Infineon Technologies AG, and CUI, Inc.
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