According to the research report titled ‘Global Microphone Market Size study, by MEMS Type (Analog and Digital), by Technology (Electret, MEMS and Others), by Communication Technology (Wired and Wireless), by Application (Automotive, Commercial Security & Surveillance, Consumer Electronics, Industrial, Medical and Noise Monitoring & Sensing) and Regional Forecasts 2020-2027‘, available with Market Study Report, global microphone market was valued at USD 1.5 billion in 2019 and is expected to register a CAGR of 7.9 % during 2020-2027.
 

Increasing popularity of next-gen consumer electronics, alongside surging demand for compact & low-cost MEMS microphones are the major factors expected to drive the global microphone market during the forecast period. Modern microphones are being integrated in smart devices extensively, which is facilitating the market outlook.
 

It is to be noted that microphones are high-quality audio output devices that are embedded in smartphones and tablets. Applications of microphone in automobile sector for providing driver assistance and positioning & navigation control, as well as in stethoscope and other equipment in medical sector are contributing to global microphone market remuneration.
 

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Moreover, high penetration of smartphones, tablets, and other electronic devices along with development of miniature microphones are likely to create opportunities for the market growth in coming years.  According to Mobile Advertising Forecasts 2017 by Zenith, in 2018, around 66% of individuals adopted smartphone worldwide, which is a rise from 63% in 2017 and 58% in 2016. Similarly, Statista estimated that 74% of adults in the United States owned a laptop or tablet in 2019, which is a rise from 73% in 2018.
 

However, complex process of packaging and integration as well as high cost of electronic stethoscopes are the major factors expected to restrain the industry growth during the forecast period.
 

Based on MEMS type, global microphone market is segmented into digital, and analog. With regards to technology, the industry is bifurcated into electret, MEMS, and others. As per communication technology, the industry is classified into wireless, and wired. Speaking of the application, the market is divided into medical, commercial security & surveillance, industrial, automotive, noise monitoring & sensing, and consumer electronics.
 

From regional perspective, North America microphone market is currently witnessing tremendous gains owing to rising sales of high-end consumer electronics like wearables and smart home devices in US and Canada. Meanwhile, Asia-Pacific industry is anticipated to witness highest growth rate during 2020-2027. 
 

Major players operating in global microphone industry include Knowles Corporation, TDK Corporation, Robert Bosch GmbH, Cirrus Logic Inc., Omron Corporation, Goertek Electronics Inc., AAC Technologies Holdings Inc., STMicroelectronics Inc., Gettop Acoustic Co. Ltd., and Hosiden.