The microphones global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Microphones Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The microphones market size has grown steadily in recent years. It will grow from $2.63 billion in 2023 to $2.72 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to media and entertainment industry, telecommunications and audio communication, consumer electronics, professional audio recording, live performances and events.
The microphones market size is expected to see steady growth in the next few years. It will grow to $3.09 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to voice-activated devices, 5g technology, telemedicine and remote work, automotive voice control, iot devices. Major trends in the forecast period include directional microphones, wireless and bluetooth connectivity, miniature and wearable microphones, usb microphones, environmental and noise-canceling microphones.
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Scope Of Microphones Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Microphones Market Overview
Market Drivers –
Widespread adoption of smartphones globally contributing to the growth of the microphones market. The demand for mobiles is directly proportional to demand for microphones. Mobile penetration is rapidly growing day by day across the globe, it is estimated that more than 5 billion people have mobile phones and half of them are smartphones. Younger people are more likely to have smartphones, access to the internet and use social media to be digitally connected. According to a Pew Research Center survey conducted across 18 advanced economies revealed that, a median of 76% have smart phones compared with a median of 45% in emerging economies. In Japan 69% of men and 63% of women own smartphones. Therefore, adoption of mobile phones is expected to increase the microphones market’s growth.
The microphones market covered in this report is segmented –
1) By Product Type: Wired Microphones, Wireless Microphones
2) By Technology: Electret, MEMS, Other Technologies
3) By Application: Automotive, Commercial Security & Surveillance, Consumer Electronics, Industrial, Medical, Noise Monitoring & Sensing
4) By End-User: Studio & Broadcasting, Large Venues and Events, Educational Institutions, Government and Military, Corporate, Hospitality
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Regional Insights –
Asia-Pacific was the largest region in the microphones market in 2023. North America was the second-largest region in the microphones market. The regions covered in the microphones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the microphones market include Knowles Corporation, Goertek, STMicroelectronics, BSE, NeoMEMS Technologies, Hosiden, InvenSense, Cirrus Logic, AAC Technologies, Infineon Technologies, OMRON, New Japan Radio, Bosch Sensortec, MEMSensing, Robert Bosch GmbH, Analog Devices Inc, Audio-Technica, HARMAN International (SAMSUNG), MUSIC Group (MUSIC Tribe), Sennheiser Electronic, SHURE, Sony, Yamaha, Mouser Electronics, Akustica Inc., Shandong Gettop Acoustic Co. Ltd., Vesper Technologies, CUI Inc, ZillTek Technology Corp., Hosiden Corporation, Sonion, Georg Neumann GmbH, Microscan Systems Inc., AKG Acoustics, Nevaton, Neumann, MXL, Soyuz Microphones, Solomon Design, ShuaiYin, Oktava
Table of Contents
1. Executive Summary
2. Microphones Market Report Structure
3. Microphones Market Trends And Strategies
4. Microphones Market – Macro Economic Scenario
5. Microphones Market Size And Growth
…..
27. Microphones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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