Microphone Market Worth $1.81 Million by 2020

DALLAS, TX -- According to a new market research "Microphone Market by Type (MEMS (Analog and Digital), Electret, Other), by Application (automotive, commercial security & surveillance, consumer electronics, industrial, medical, and sensing), & by Geography - Analysis & Forecast to 2014 - 2020", published by MarketsandMarkets, the total Microphone Market will be worth $1.81 Billion by 2020 at an estimated CAGR of 7.5%.

Microphones are widely used in voice recognition, voice transmission, noise recognition and reduction, and numerous sensing applications. For instance, they are used in different applications, namely automobile for driver assistance and positioning control, medical, electronic stethoscopes, commercial security for gunshot detection, and so on. Moreover, with the recent development in the MEMS technology and emergence of connected environment, multiple microphones are being implemented in a single device for features such as "always on", noise reduction, and so on. The microphone industry has been disciplined in application areas such as automotive, commercial security & surveillance, consumer electronics, industrial, medical, and sensing applications. They find applications in Gaming and virtual reality input devices, Digital still and video cameras, laptop and notebook computers, portable media players, cell phones, smart phones, laptop computers, headsets, smartwatches, antitheft systems, hands free system, human machine interface, and parking assistance systems amongst others.

This report covers the microphone market on the basis of type, applications, and geography. The segmentation by type includes MEMS (Analog and Digital), Electret, and Other types. The segmentation of microphone market by application includes automotive, commercial security & surveillance, consumer electronics, industrial, medical, and sensing applications. The geographical analysis covers The Americas, Europe, APAC, and ROW.

The major drivers for the microphone market are the increasing demand of consumer electronics devices, low-cost and compact size of MEMS microphones, and increased number of microphones per device, among others. There are restraints in the market such as difficult packaging and integration. The increasing demand from emerging economies is one of the key opportunities for the Microphone Market.

The major players involved in the development of AMH market in manufacturing include Toyota Industries Corp. (Japan), KION Group AG (Germany), Hyster-Yale Material Handling, Inc. (U.S.), Daifuku Co., Ltd. (Japan), Jungheinrich AG (Germany), KUKA AG (Germany), Dematic GmbH and Co., Ltd. (Germany), and Bastian Solutions (U.S.).

Browse 72 market data Tables and 77 Figures spread through 162 Pages and in-depth TOC on "Microphone Market" at http://www.marketsandmarkets.com/Market-Reports/microphones-market-104067266.html?utm_source=Prnewswire&utm_medium=Referral&utm_campaign=PaidPR
 

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Contact:
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Tel: +1-888-600-6441
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