The global MEMS Microphones Market was valued at US$ 1961.8 Million in 2021 and is expected to surpass US$ 6733.2 Million by 2030, registering a CAGR of 14.9% during the forecast period (2022-2030), according to 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) by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), 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.
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.
- Major market players are involved in product and business expansion, in order to gain a competitive edge in the market. For instance, in May 2021, CUI Inc., a manufacturer of electronic products. Has signed a franchise agreement with Farnell, a supplier of electronic products, solutions, and components. To expand their product portfolio and footprint in the European market.
Global MEMS Microphones 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, the Government of India had imposed a lockdown from 1 June to 1 July until further notice. Owing to the Lockdown, there is also a shortage of laborers at the manufacturing facilities of consumer electronic products. Due to the less manpower, the manufacturing facilities are also facing difficulty to move the products. Hence, the COVID-19 pandemic restrains the MEMS microphone market growth during the period.
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Key Trends and Analysis of the Global MEMS Microphone Market:
- 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.
- Major players operating in the global MEMS Microphone market include AAC Technologies, Knowles LLC, Goertek, InvenSense, Inc., Cirrus Logic, Inc., STMicroelectronics, CUI, Inc, Infineon Technologies AG, and Vesper Technologies Inc.