PUNE, India -- With increasing applications of microphones, the global microphone market is likely to grow significantly during the forecast period. In addition to consumer electronics, these applications cater to industries such as healthcare and sensing technology that employ microphones for multiple purposes. The analysts forecast the global microphones market to grow at a CAGR of 7.75% during the period 2016-2020.
The global microphones market analyst said growing demand for better audio experience in devices has led to the demand for improved sound-to-noise (SNR) in microphones. The SNR technology is prone to high rates of error and offers high-fidelity sound recording in noisy environments. The quality and implementation of SNR technology are expected to increase during the forecast period as improvement in SNR will enhance the quality of 'always-on' voice command, which is predominantly used in applications such as Apple's Siri and Google Now.
Global microphones market report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Segmentation by Application and Analysis of the Microphones Market - Consumer electronics, Corporate and education, Sensing applications, Medical, Automotive applications and Security
During 2015, the consumer electronics segment dominated the microphone market and accounted for more than 62% of the market share. Microphones are an integral part of consumer electronic devices such as smartphones, laptops, tablets, digital video cameras, headphones, and smart devices. Microphones are an essential component of electronic products. Therefore, manufacturers strive to add new features such as far-field and directional audio to microphones. The increasing adoption of consumer electronic devices will directly influence the growth of this segment during the forecast period.
During 2015, APAC dominated the market and accounted for a market share of more than 58%, in terms of revenue. The sales of consumer electronic are increasing rapidly in this region due to the presence of many emerging economies such as India, China, and Indonesia. Moreover, countries like China, South Korea, Taiwan, and Japan manufacture high proportion of microphones, thereby fueling the growth of this market in APAC.
Microphone market is highly fragmented owing to the presence of a vast number of established manufacturers and small pure-play players. Multiple vendors are expected to enter the market or increase their market presence by adopting innovative strategies during the forecast period.
Key players in the global microphones market: AAC Technologies, BSE, GoerTek, Knowles Electronics, and STMicroelectronics. Other prominent vendors in the market are: Bosch Sensortec, Cirrus Logic, Hosiden, Infineon, InvenSense, MEMSensing, NeoMEMS Technologies, New Japan Radio, and Omron.
Further, the report states that a significant problem in the global microphone market is the price premium associated with the technology. Though the primary use of microphones is not expensive, its advanced applications in multiple industries such as sensing technology and health care reduce its affordability for the majority of the population.
Complete report on microphone market spread across 56 pages, analyzing 5 major companies and providing 31 data exhibits is now available at http://www.reportsnreports.com/reports/523292-global-microphones-market-2016-2020.html
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