The microphone market size is projected to reach US$ 4.53 billion by 2031 from US$ 9.05 billion in 2023. The market is expected to register a CAGR of 9.1% during 2023–2031. Increasing adoption of wireless microphones is likely to remain a key trend in the market.
Over the past few years, the microphone market has witnessed robust growth due to factors such as huge proliferation of smartphones, rising adoption of various consumer electronics such as tablets, smart speakers, and others. Growing proliferation of wearable devices such in healthcare industry and rising adoption of advance systems in cars and other vehicles are proving lucrative growth opportunities for the microphone market growth.
Microphones are the devices that converts sound waves into an electrical signal. Microphones allows to capture audio and transmit it to various devices, such as amplifiers, computers, recording equipment and others. Microphones can be a standalone device, or it can be embedded in various devices such as headsets, telephones and others. There are several types of microphones based on its characteristics and specific applications. Some of these types are dynamic microphones, ribbon microphones, lavalier microphones, condenser microphones, and shotgun microphones. Microphones plays important role in applications such as broadcasting, public speaking, music production, telecommunications, and live events.
The proliferation of smartphones is a significant driver in the global growth of the microphone market. The demand for microphones directly correlates to the increasing adoption of mobile devices. Mobile penetration rates rapidly expand worldwide, focusing on younger demographics who possess smartphones, have internet access, and actively engage with social media platforms. According to Ericsson, smartphone users are projected to exceed 7.69 billion by 2031, surpassing the current figure of 6.25 billion in 2021. This substantial growth in smartphone users presents a lucrative opportunity for businesses operating in the microphone market. By recognizing the strong correlation between mobile device usage and the demand for microphones, companies can strategically position themselves to capitalize on the expanding consumer base and align their product offerings to cater to the evolving needs of smartphone users globally. The demand for microphones directly correlates to the increasing adoption of mobile devices. Thus, the proliferation of smartphones is a significant driver in the global growth of the microphone market.
Increasing adoption of wearables in regular life, healthcare, and entertainment will increase the demand for microphones. Consumers nowadays are increasingly adopting devices which monitors physical activity, tracks fitness goals, and provide actionable insights for a healthier lifestyle due to which the popularity of smartwatches and fitness trackers increases. Such Increase demand for wearable devices will further increases the need for microphones.
Key segments that contributed to the derivation of the microphone market analysis are MEMS type, technology, and application.
The geographic scope of the microphone market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The North American microphone market growth has gained prominence in the region thanks to well-established manufacturing facilities of renowned companies like Audio-Technica U.S., Inc., Harman International Industries, Incorporated, and others. This region's continuous adoption of hearing aids, smartphones, consumer electronics, and virtual reality (VR) devices has created a favourable environment for significant growth in the microphone industry.
The regional trends and factors influencing the Microphone Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Microphone Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 4.94 Billion |
| Market Size by 2031 | US$ 9.05 Billion |
| Global CAGR (2025 - 2031) | 9.1% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By MEMS Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Microphone Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Microphone Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The microphone market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the microphone market are listed below:
The “Microphone Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The List of Companies
1. Knowles Electronics, LLC.
2. AAC Technologies
3. TDK Corporation
4. STMicroelectronics
5. Robert Bosch LLC
6. BSE Co., Ltd.
7. Hosiden Corporation
8. Infineon Technologies AG
9. Sonion
10. Vesper Technologies, Inc.
The global microphone market is expected to grow at a CAGR of 9.1% during the forecast period 2024 - 2031.
The major factors driving the microphone market are the rising demand for consumer electronics, such as smartphones, tablets, smart speakers, and wearable devices.
Increasing adoption of wireless microphones is anticipated to play a significant role in the global microphone market in the coming years.
The leading players operating in the microphone market are AAC Technologies., TDK Corporation, Goertek, Cognex Corporation, STMicroelectronics, Infineon Technologies, Microscan Systems Inc., ZillTek Technology, Gettop Acoustic, Hosiden Corporation, RØDE, Sennheiser electronic SE & Co. KG, Knowles, Sonion, Omron, Texas Instruments, Cui devices, Neomems Technologies, Amkor Technologies, and Analog devices
The global microphone market is projected to reach US$ 4.53 billion by 2031.
North America is expected to dominate the market in 2023