Global Microphones Market to Exhibit 7.75% CAR during 2016-2020 owing to Growing Demand for Consumer Electronics
MarketResearchReports.biz has added a new research report to its repository of consumer electronics industry research documents. The report, titled “Global Microphones Market 2016-2020,” offers a detailed overview of the global microphones market and points out the key factors affecting the growth of the market during the period between 2016 and 2020. The global microphones market is projected to expand at a CAGR of 7.75% during the forecast horizon. The report covers the present scenario of the market and considers the revenue generated from the sale of microphones to calculate the market size by 2020. The market has been studied on the basis of application and region. Profiles of some of the key market players have also been included in the report.
In a microphone, sound waves hit the diaphragm and make it vibrate. The diaphragm is placed next to an electrically charged plate. This vibration causes changes in the electric field between the plate and the diaphragm. This generates an electric signal, which is amplified to create the sound. However, when exposed to high volume, the electronics in a condenser microphone can overload. Hence, users need to keep a check on the amount of sound that hits the source.
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The growing demand for consumer electronics is one of the key factors driving the growth of the global microphone market. The introduction of smart gadgets has propelled the growth of the consumer electronics industry. This, in turn, has augmented the demand for microphones. The constantly evolving nature of the MEMS packaging industry has directly impacted the MEMS microphone market. The growing applications of microphones are expected to further fuel the market’s growth during the forecast horizon. However, the premium price of innovative microphones will negatively impact the overall market.
In terms of applications, the report segments the global microphones market into corporate and education, consumer electronics, medical, sensing applications, security, and automotive applications. In 2015, the consumer electronics segment dominated the overall market with a share of over 62%. Microphones are an important part of consumer electronic devices such as tablets, laptops, smartphones, headphones, digital video cameras, and other smart devices. Thus, the growing adoption of consumer electronic devices will augment the growth of this segment during the forecast horizon.
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The report studies the microphones market across three key regions: Asia Pacific, the Americas, and EMEA. The report takes into account the various micro- and macro-economic factors to analyze the demand for microphones across each of the regions.
Describing the competitive landscape, the report profiles some of the key vendors in the global microphones market such as BSE, AAC Technologies, Knowles Electronics, GoerTek, STMicroelectronics, Cirrus Logic, Bosch Sensortec, Infineon, Hosiden, NeoMEMS Technologies, InvenSense, MEMSensing, Omron, and New Japan Radio. Insightful information about the key players including financial overview and product portfolio has been included in the report.
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