DUBLIN–(BUSINESS WIRE)–The “Microphones Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global microphones market is expected to grow from $1.87 billion in 2020 to $2.21 billion in 2021 at a compound annual growth rate (CAGR) of 18.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.41 billion in 2025 at a CAGR of 2%.
Widespread adoption of smartphones globally contributing to the growth of the microphones market. The demand for mobiles is directly proportional to demand for microphones. Mobile penetration is rapidly growing day by day across the globe, it is estimated that more than 5 billion people have mobile phones and half of them are smartphones. Younger people are more likely to have smartphones, access to the internet and use social media to be digitally connected. According to a Pew Research Center survey conducted across 18 advanced economies revealed that, a median of 76% have smart phones compared with a median of 45% in emerging economies. In Japan 69% of men and 63% of women own smartphones. In 2019, 57% of women and 63% of men own smartphones. Therefore, adoption of mobile phones is expected to increase the microphones market’s growth.
Technical difficulties hampering the adoption of wireless microphones are expected to limit the growth of the microphones market. Due to the obstructions and physical distance between transmitter and receiver wireless microphones are subjected to signal blockages. In large events, microphone reception fades drastically due to dead zones created by obstructions and physical distance. Although hand free microphones are popular and unobtrusive many people have a habit to turn their heads while talking causing the voice to drop significantly. Wireless microphones can operate in VHF, UHF, 2.4GHz and 6GHz bands. The obstructions and the signal blockages are some of the technical difficulties that limit the growth of the microphones market.
The microphones market covered in this report is segmented by product type into wired microphones, wireless microphones. It is also segmented by end-user into studio & broadcasting, large venues and events, educational institutions, government and military, corporate, hospitality.
In both developing and developed economies, devices such as Amazon Alexa and Google Home are gaining popularity. These devices are manufactured by extensive use of microphones, which are able to respond to human voices. A smart assistant can perform various tasks such as playing music, news with the help of software that is installed in these smart devices. The home users are interacting with the SPA technology, which is an emerging innovation that is changing the way. The growing demand for personal home assistance owing to increasing disposable incomes and standard of living are driving revenues in the global microphones market.
Key Topics Covered:
1. Executive Summary
2. Microphones Market Characteristics
3. Microphones Market Trends and Strategies
4. Impact of COVID-19 on Microphones
5. Microphones Market Size and Growth
6. Microphones Market Segmentation
7. Microphones Market Regional and Country Analysis
8. Microphones Market Competitive Landscape and Company Profiles
9. Key Mergers and Acquisitions in the Microphones Market
10. Microphones Market Future Outlook and Potential Analysis
Companies Mentioned
Knowles Corporation Goertek STMicroelectronics BSE NeoMEMS Technologies Hosiden InvenSense Cirrus Logic AAC Technologies Infineon Technologies OMRON New Japan Radio Bosch Sensortec MEMSensing Robert Bosch GmbH Analog Devices Inc Analog Devices Inc Audio-Technica HARMAN International (SAMSUNG) MUSIC Group (MUSIC Tribe) Sennheiser Electronic SHURE Sony Yamaha Mouser Electronics Akustica Inc. Shandong Gettop Acoustic Vesper Technologies TDK Corporation’s InvenSense CUI Inc For more information about this report visit https://www.researchandmarkets.com/r/6bfovq
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