Market Trends of MEMS Microphones Industry
This section covers the major market trends shaping the MEMS Microphones Market according to our research experts:
Consumer Electronics to Witness Significant Growth
- Consumer electronics and accessories are significant contributors to the MEMS microphone industry as they have witnessed a significantly increased adoption over the past few years. Smartphones, Tablets, Laptops, Smart Speakers, Smart TVs, PC Accessories, and Handheld GPS, among others, are considered while evaluating the consumer electronics and accessories segment.
- MEMS microphones have been used in applications for transmitting information via smartphone video or FaceTime due to their tiny size and progress in acoustic qualities. Many consumer gadgets support voice calls or voice control, as most people interact and manage their devices using their voices.
- Further, the increasing demand for smart speakers due to rising trends in smart home products with increasing use of MEMS microphones to boost user experience will also drive the growth of the studied market over the forecast period. For instance, Apple iPhone uses four microphones, and Amazon Echo uses seven. A surge in households using smart speakers is observed, and a significant shift in consumer habits towards voice has driven the same.
- Increasing product launches by major players operating in the market due to increasing demand for consumer electronics, including smartphones and tablets, is expected to contribute to market growth. For instance, TDK introduced a digitized MEMS microphone featuring an audio wire connection, true wireless stereo, and reduced power mode in January 2022, suited for smartphones, cameras, tablets, and smart speakers.
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North America Accounts to Hold Significant Share
- With the already significant consumer electronics market in the United States, the MEMS Microphone will expect a considerable adoption rate due to the vast smartphone penetration rates in the region. As the smartphone market is one of the most intense adopters of MEMS microphone technology, the adoption rate of the technology is likely to be boosted substantially. The United States is home to one of the largest smartphone manufacturers. Apple has been noted as one of the largest buyers of the technology, incorporating MEMS microphones in various iPhone models.
- The increasing adoption of smartphones is expected to boost the demand for these technologies over the coming years. The United States is one of the largest smartphone markets in the world, with one of the highest smartphone penetration rates worldwide. For instance, according to the US Census Bureau and Consumer Technology Association, in 2022, smartphone sales value in the United States will be around USD 74.7 billion.
- Furthermore, operators in North America are providing connectivity for digital solutions that reduce GHG emissions, such as reducing energy use for travel and transport. For instance, Knowles Electronics, a supplier of advanced micro-acoustic and human interface solutions based in Illinois, enables OEMs to deliver superior audio experiences and natural voice interactions with connected devices, like smart speakers, TVs, and connected home devices, wearables, headsets, smartphones, and hear-aids.
- Tinnitus and associated auditory impairments affect around 10% of the adult community in the United States, according to research released in March 2021 by the National Institute on Deafness and Other Communicable Disorders (NIDCD). Furthermore, about a quarter of postage 65 experience disabling loss, boosting hearing aid demand across the country. Furthermore, the growing elderly population in the United States, which is sensitive to hearing loss, is expected to drive market expansion. According to the United Nations, the number of people aged 65 and over in the United States is forecast to grow from 35 million in 2000 to 80 million in 2040, creating a tremendous need for these technologies in the foreseeable years, thus contributing to market growth.
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