The Global Microphone Market size is expected to reach $3.5 billion by 2028, rising at a market growth of 8.4% CAGR during the forecast period.
A microphone, sometimes known as a mic, can be referred as a transduced device that converts sound into electrical signals. Telephones, hearing aids, public address circuits for concert halls and public gatherings, live and recorded audio engineering, motion picture production, sound recording, megaphones, two-way radios, and radio and television transmission are a few of the examples of a microphone’s application. Additionally, they are utilized in computers for knock sensors, ultrasonic sensors, VoIP, speech recognition, and other functions.
The air pressure fluctuations of a sound wave are converted to an electrical signal using a variety of microphone types that are now in use. The most often used microphones are the contact microphone, which makes use of a piezoelectric crystal, the condenser microphone, which uses a vibrating diaphragm as a capacitor plate, and the dynamic microphone, which employs a coil of wire hanging in a magnetic field. Normally, a preamplifier must be connected to a microphone before the signal may be captured or replicated.
Changes in sound pressure are turned into variations in electric current via the microphone. The amplitude of the AC voltage produced by the microphone matches the intensity of changes in sound pressure. Similar to how the frequency of the AC voltage matches the frequency of sound pressure variations. Naturally, if there are any overtones, the electrical signal produced by the microphone would also reflect them.
The human voice needs to be louder in order to be heard over increasing crowds of people. Acoustic megaphones were the first tools employed for this. The earliest examples date to the fifth century and include theater masks with mouth apertures resembling horns that acoustically boosted the voices of actors in amphitheaters. The (loose-contact) carbon microphone was the first to allow for proper speech telephony.
Due to lower discretionary earnings and a downbeat consumer attitude, consumers are choosing to purchase necessities like food and cleaning goods over non-essential products, such as microphones. The production of microphones was also hampered due to supply chain disruptions caused by the government-imposed lockdown all over the world in order to regulate the diffusion of the COVID-19 infection. Therefore, the growth of the market was negatively impacted. However, the production of various consumer electronics significantly increased during the COVID-19 pandemic. Lockdown protocols increased the demand for consumer electronics. Due to the increased use of mobile phones, laptops, and PCs, the growth of the consumer electronics industry expanded at an exponential rate.
Music microphones are increasingly becoming popular nowadays. In the modern era, music is gaining the traction of a significant proportion of the millennial population. Nowadays, people are increasingly listening to music, due to which, the growth of the music industry is significantly rising. Moreover, producers are rapidly introducing new songs and music. The adoption of condenser microphones is surging at a very rapid pace. Due to the compact design of this variety of microphones, music microphones are becoming more and more common in IoT-enabled electrical equipment.
A wireless microphone, sometimes known as a cordless microphone, is a microphone that does not physically have a cable extending from it to the sound recording or amplification equipment it is connected to. It features a small, battery-operated radio transmitter built into the microphone body that broadcasts the audio signal from the microphone via radio waves to an adjacent receiver unit, which retrieves the audio. This device is also referred as a radio microphone. A mobile, adaptable technique to broadcast or record sounds is wireless microphones.
One of the limitations to the growth of the microphone market is the high cost of professional microphones. Although microphones are very useful in several industries, one factor that is impeding their demand is that microphones are made up of several advanced technologies and therefore, they are very expensive. It should also be considered that the manufacturing cost of microphones would be substantially higher because they need to have a lot more hardware on board, such as batteries and antenna or receiver. It adds up to the final price of the microphone, making it unaffordable for various people.
On the basis of Technology, the Microphone Market is segmented into MEMS (Analog and Digital), Electret, and Others. In 2021, the electret segment recorded a substantial revenue share of the microphone market. Electret microphones have the advantage over traditional condenser microphones in that they do not require an external power source to function. Condenser microphones and electret microphones are extremely similar. The primary distinction is the elimination of the externally applied bias voltage due to the use of polarized material in the electret microphone.
Based on the Communication technology, the Microphone Market is divided into Wired and Wireless. In 2021, the wireless segment witnessed the highest revenue share of the microphone market. The surging growth of the segment is owing to the ease of use of this type of microphone. Wires are difficult to rearrange, can create clutter, and present tripping hazards. The benefit of a wireless microphone system is the location freedom it provides. The microphones can be readily placed anywhere at the location to capture participation as clearly as possible.
By the Application, the Microphone Market is segregated into Automotive, Commercial Security & Surveillance, Consumer Electronics, Industrial, Medical, and Noise Monitoring & Sensing. In 2021, the automotive segment acquired a substantial revenue share of the microphone market. The growth of the segment is rising as a result of the rapidly growing automotive industry all over the world. Automotive microphones offer distortion-free audio capture, enhancing voice recognition algorithms' ability to understand speech.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 2 Billion |
| Market size forecast in 2028 | USD 3.5 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 8.4% from 2022 to 2028 |
| Number of Pages | 256 |
| Number of Tables | 454 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Communication Technology, Technology, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the Microphone Market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, North America held the highest revenue share of the microphone market. The rapid surge in the growth of the regional market is attributed to the increasing number of technological advancements in the region. North America is one of the most developed and technologically advanced regions, due to which, there is a significant prevalence of major market players in the region. Hence, various innovations and breakthrough products are being introduced to the market.
Free Valuable Insights: Global Microphone Market size to reach USD 3.5 Billion by 2028
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; TDK Corporation, Infineon Technologies AG and STMicroelectronics N.V. are the forerunners in the Microphone Market. Companies such as Knowles Corporation, Vesper Technologies, Inc. and GoerTek, Inc. are some of the key innovators in Microphone Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG, STMicroelectronics N.V., Knowles Corporation, TDK Corporation, AAC Technologies Holdings, Inc., GoerTek, Inc., Vesper Technologies, Inc., DB Unlimited, LLC, Sonion A/S, and SensiBel AS.
By Communication Technology
By Technology
By Application
By Geography
The global Microphone Market size is expected to reach $3.5 billion by 2028.
Increasing Adoption Of Music Microphones are driving the market in coming years, however, High Cost And Battery Limitations restraints the growth of the market.
Infineon Technologies AG, STMicroelectronics N.V., Knowles Corporation, TDK Corporation, AAC Technologies Holdings, Inc., GoerTek, Inc., Vesper Technologies, Inc., DB Unlimited, LLC, Sonion A/S, and SensiBel AS.
The expected CAGR of the Microphone Market is 8.4% from 2022 to 2028.
The MEMS segment is leading the Global Microphone Market by Technology in 2021 thereby, achieving a market value of $2 billion by 2028.
The North America market dominated the Global Microphone Market by Region in 2021, thereby, achieving a market value of $1.2 billion by 2028.
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