Market Size of MEMS Microphones Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.26 Billion |
| Market Size (2029) | USD 3.07 Billion |
| CAGR (2024 - 2029) | 6.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEMS Microphone Market Analysis
The MEMS Microphones Market size is estimated at USD 2.26 billion in 2024, and is expected to reach USD 3.07 billion by 2029, growing at a CAGR of 6.32% during the forecast period (2024-2029).
The application of MEMS (micro-electro-mechanical systems) technology to microphones has led to development of small microphones with very high performance. Further, increasing global consumer electronics demand is expected to drive the demand for these products.
- Increasing smartphone penetration is driving the market. Advanced MEMS microphones can enhance the audio experience in smartphones and portable computers. The adoption of highly featured smartphones has led to the usage of more than one microphone per phone for audio processing, such as echo and noise cancellation, wind noise filtering, beam steering, 3D sounds, and other interesting effects.
- The proliferation of IoT-based connected phones and VR technology has opened up new industry opportunities. MEMS microphones are commonly employed with the Internet of Things-enabled smart devices, such as Amazon Echo intelligent speakers that operate on voice control instructions. MEMS microphones are also included in the headphones, which improve the user experiences for gameplay and VR-based entertainment. Increasing technology advancement in these products is expected to boost product demand over the forecast period.
- Furthermore, the growing use of microphones in automotive applications is projected to open up new market possibilities in the coming years. Knowles Corporation released two SiSonic MEMS microphones, SPH1878 and SPH9855, for vehicle industries in April 2021. Knowles' analog and digital mics are developed to a better quality and supplier guarantee level to serve the automobile industry's rising need for improved voice assist, hands-free communication, and in-cabin noise-canceling for rider convenience.
- Moreover, during the lockdown period, the tech and audio industries are announcing new products due to the Covid-19 impact, and restrictions are starting to be relaxed. Throughout the outbreak, the need for microphones in residential automation equipment, retail outlets, medical, and grocery supported the development of the MEMS microphone industry. Furthermore, with the easing of lockdown restrictions, demand for speech interface technologies is likely to surge, resulting in a rebound in the MEMS Microphones demand throughout the forecasted period.
