Albany, New York, March 14, 2017: MarketResearchReports.biz announces the addition of a new report to its vast repository. Titled “Global MEMS Microphone Market 2017-2021”, the 84-page publication presents a competitive assessment of the overall market by type, application, and geography. It also evaluates the major factors driving and hampering the MEMS microphone market. The worldwide market is poised to expand at a strong CAGR of 8.21% from 2017 to 2021.
According to the findings of the report, the market is driven by rising shipment of laptops, smartphones, and wearables, the growing demand for quality audio experience in various devices, and the increasing penetration of MEMS technology in hearing aids. Factors such as the introduction of miniaturization, a thriving headphones and earphones market and rising demand for digital assistance in automobiles are likely to offer players in this market many opportunities for growth. Contrary to this, the market will face challenges owing to issues pertaining to intellectual property rights and patents, a falling average selling price, and a sluggish tablet market.
MEMS microphones find application in the automotive sector, the healthcare industry, and the consumer electronics market. The consumer electronics segment holds the largest share in the market and the key factor driving its growth is a persistent rise in the usage of consumer electronics such as tablets, smartphones, Bluetooth headsets, and gaming consoles.
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Regionally, Asia Pacific is the leading revenue generator in the MEMS microphones market and this can be attributed to the rising adoption and sales of electronic devices, especially smartphones, in countries such as India, China, and Indonesia.
There are two major types of MEMS microphones – analog and digital. Analog microphones are fast being replaced with digital versions owing to the many beneficial features of the latter, such as better audio quality, higher power supply rejection ratio, and lower sensitiveness to electromagnetic interference. An increasing number of consumer electronics manufacturers have now been focusing their resources on switching from analog to digital MEMS microphones, thereby boosting the growth of this particular segment. The report states that the digital MEMS microphones segment will continue to hold the dominant share in the market throughout the forecast period.
There are a number of vendors operating in the MEMS microphone market, such as InvenSense, Knowles Corporation, Goertek, STMicroelectronics, and AAC Technologies. Apart from these, players such as NeoMEMS Technologies, OMRON, Cirrus Logic, Infineon Technologies, New Japan Radio, Bosch Sensortec, Hosiden, and MEMSensing are also contributing toward global growth. The strong presence of leading semiconductor firms, MEMS microphone manufacturers, and new as well as small participants make the overall environment extremely competitive. Looking to emerge at the top, companies have been focusing on expanding their product portfolios, entering into partnerships, increasing their revenue shares, and investing in research and development activities.
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