Growing Applications of MEMS Microphones in the Consumer Electronics to Propel the Growth of the Global MEMS Microphone Market by 2031

In today’s fast-paced world, where technology continues to evolve at an unprecedented rate, MEMS microphones have emerged as a transformative force in the audio industry. These miniature marvels, built on semiconductor fabrication techniques, have revolutionized how one captures sound, offering a wide range of applications in consumer electronics, automotive, healthcare, and many more. MEMS microphones consist of a diaphragm, a backplate, and a cavity that allows the diaphragm to move in response to sound vibrations. This movement generates electrical signals that can be processed by audio systems. Compared to traditional electret condenser microphones, MEMS microphones offer numerous advantages, including smaller sizes, lower power consumption, higher sensitivity, and improved noise cancellation.   

Forecast Analysis of the Global MEMS Microphone Market

According to the report published by Research Dive, the global MEMS microphone market is envisioned to garner a revenue of $6,002.4 million and grow at a stunning CAGR of 14.5% during the forecast period from 2022 to 2031.

The growing demand for consumer electronics products such as computers, cellphones, smart TVs, tablets, and many more in both developed and developing countries is expected to bolster the growth of the MEMS microphone market over the forecast period. Besides, the rising need for compact electronic components in small consumer electronic devices is expected to fortify the growth of the market during the analysis period. Moreover, the increasing usage of microphones in industrial applications such as sound power testing, general sound measurement, and many more are expected to create massive growth opportunities for the market over the estimated period. However, the MEMS microphone integration and packaging limitations may hamper the growth of the market over the analysis period. 

The major players of the MEMS microphone market include Infineon Technologies AG, CUI, Inc., Hosiden Corporation, Cirrus Logic, Inc., AAC Technologies, STMicroelectronics, Goertek, InvenSense, Inc., Vesper Technologies Inc., Knowles LLC, and many more. 

MEMS Microphone Market Developments

The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global MEMS microphone market to grow exponentially. For instance:

• In December 2019, Knowles Corporation, a market leader and provider of high-performance audio solutions acquired the MEMS microphone ASIC design from ams AG, a leading manufacturer of high-performance sensor solutions. With this acquisition, the companies aimed to expand the portfolio of MEMS microphones by developing innovative new products based on ASIC design.
   
• In January 2022, a Japanese multinational electronics corporation, released its new product, namely, the T5828 SoundWire™ MEMS microphone. This product is a part of the SmartSound™ family, a family of high-performance microphones that are designed to provide advanced feature sets in small package footprints.
   
• In January 2023, Soundskrit, a leading audio technology company producing cutting-edge hardware and software announced its partnership with AAC Technologies Holdings Inc., a leading provider of sensory experience solutions. With this partnership, the companies aimed to produce directional MEMS microphone technologies for end-user customers across consumer electronics and automotive markets.

Most Profitable Region

The Asia-Pacific region of the MEMS microphone market generated the highest share in 2021 and is expected to grow at the highest CAGR during the analysis timeframe. This is mainly due to the existence of established manufacturing facilities across the region. Additionally, the rising penetration rates of smartphones and other consumer electronics in the region are predicted to boost the regional growth of the market throughout the estimated period. 

Covid-19 Impact on the MEMS Microphone Market

The outbreak of the Covid-19 pandemic has brought several uncertainties across various industries, including the MEMS microphone market. This is mainly due to the disruptions in the supply chain and the economic slowdown across many countries during the pandemic period. Moreover, the government-imposed lockdowns across many nations and the import-export restrictions have affected the growth of the market throughout the crisis.