DUBLIN--(BUSINESS WIRE)--The "MEMS Microphone Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
According to research, the market for MEMS microphones is growing at a steady phase. The market is expected to reach $ 2,898.8 million by 2024, growing at 11.7% CAGR during the forecast period 2018 to 2024. In terms of volume, the market is expected to reach 13.3 billion units by 2024.
The global MEMS microphones market is expected to witness a sigificant growth drivern by key factors including increasing number of MEMS microphones in mobile handsets, expanding voice assistance solutions, increasing adoption of MEMS microphones for hearing aids, and growing importance of MEMS microphones in internet of things (IoT) & automotive applications.
However, continuous fluctuation of profit margins due to declining average selling price, is the key challenge hindering the progression of global MEMS microphone market.
Segmentation
The market is segmented based on signal to noise ratio (SNR), type, technology, and application. Based on signal to noise ratio (SNR), the market is segmented into less than and equal to 59 db (<= 59 db), greater than 59 db and less than 64 db ( >59 db and < 64 db), and greater than 64 db (>64 db).
Based on type, the market is segmented into analog and digital. The digital segment was dominant in 2017 and is expected to remain so throughout the forecast period. This is mainly due to increased market supply.
Based on technology, the market is segmented into capacitive MEMS microphones and piezoelectric MEMS microphones.
Based on application, the market is segmented into mobile handsets, other consumer electronics, hearing aids, IoT & VR, and others.
Market Dynamics
Drivers
- Increasing Number of MEMS Microphones in Mobile Handsets
- Expanding Voice Assistance Solutions
- Increasing Adoption of MEMS Microphones for Hearing Aids
Challenges
- Continuously Reducing Profit Margin
Opportunities
- Rising Interest on Rugged MEMS Microphone
Companies Profiled
- AAC Technologies
- BSE
- Cirrus Logic
- DB Unlimited
- Knowles Electronics, LLC.
- Robert Bosch GmbH (Akustica Inc.)
- Sonion
- STMicroelectronics
- TDK (InvenSense, Inc.)
- Vesper Technologies, Inc.
Key Topics Covered
1 Report Summary
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
6 Global MEMS Microphones Market, by SNR: Market Size and Analysis
7 Global MEMS Microphone Market by Type: Market Size & Analysis
8 Global MEMS Microphone Market by Application: Market Value & Volume Analysis
9 Global MEMS Microphone Market by Type: Market Size & Analysis
10 Global MEMS Microphone Market by Regions
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/cctp47/mems_microphone?w=4
