Micro Electronic-Acoustics Market Size, Share, Growth, and Industry Analysis, By Type (Microphone, Speaker & Receiver), By Downstream Industry (Mobile Communications, Laptop, Automotive Electronics, Headset & Others), and Regional Forecast to 2032

Updated On: 22 November 2024

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MICRO ELECTRONIC-ACOUSTICS MARKET OVERVIEW

The Micro Electronic-Acoustics Market Size was US$ 894.59 Mn in 2023 and is projected to touch US$ 957.45 Mn By 2032, Exhibiting a CAGR of 0.68% During the Forecast Period.

Microelectronic technology combined with acoustic systems, Micro Electronic-Acoustics (MEA) can be defined as such. This includes making tiny acoustic devices that have small electronic elements but still perform really well. The various uses attached to these appliances necessitate accurate sound regulation along with their combination to electronics in various capacities.

There are various factors driving the micro electronic-acoustics market growth such as, consumers expect high-quality sound and advanced features and development of more efficient and smaller devices. MEMS technology innovations, together with increasing applications in various industries, will propel market growth and open up fresh avenues for development. MEA technology is about making small-sized high-fidelity acoustic gadgets that are resourceful and versatile enough to perform excellently in different fields.

GLOBAL CRISES IMPACTING MICRO ELECTRONIC-ACOUSTICS MARKET COVID-19 IMPACT or RUSSIA-UKRAINE WAR IMPACT or ISRAEL-HAMAS WAR IMPACT

"Increased Digitisation During Lockdown Resulted in Increased Demand in the Market"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Under quarantine, COVID-19 pandemic increased digitisation, allowing the Micro Electronic-Acoustics market to flourish. As telecommuting, distant education and online meetings prevailed, it became more apparent that the demand for better microphones and loudspeakers increased. The proliferation of electronics usage by the consumers has led to growth in the market. Moreover, the telemedicine boom and remote health solutions have placed demand for advanced hearing aids and acoustic sensors, which are indicative of the advancement made via micro electronic-acoustic technologies as a result of pandemic.

LATEST TREND

"Increased Use in IoT Devices to Drive Market Growth"

Recent traits inside the micro electric-acoustics market include an increased use of micro electric-acoustics components in the IoT enabled devices. Smart houses, wearables and industrial usage, there is an ongoing demand for miniature high fidelity microphones, loudspeakers and acoustic sensors that perform optimally as Internet of Things (IoT) continues to grow. They have become integral parts of these devices enabling a seamless user experience through voice command, environmental surveillance and sound detection. Indeed this calls for the advancement of micro-electro acoustic technologies to suit such a connected society.

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MICRO ELECTRONIC-ACOUSTICS MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Microphone, Speaker & Receiver

• Microphone: Microphone includes MEMS microphones and other miniature microphones used in smartphones, laptops, and wearables. They are designed for high-quality sound capture in compact devices.

• Speaker: Speakers are used in mobile phones, smart devices, and automotive applications. They focus on delivering enhanced audio output in smaller form factors.

• Receiver: It is used for sound reception in mobile communications, headsets, and other consumer electronics to ensure clear audio transmission.

BY DOWNSTREAM INDUSTRY

Based on downstream industry, the global market can be categorized into Mobile Communications, Laptop, Automotive Electronics, Headset & Others

• Mobile Communications: The components which are used for mobile communication are used in smartphones and tablets to enhance call quality and multimedia experience.

• Laptop: Laptop uses these components for better sound output in conferencing, multimedia, and entertainment.

• Automotive Electronics: In automotive these components are used for noise cancellation and voice control features, to improve in-car communication and entertainment.

• Headset: Headsets use these acoustics components for noise cancellation, clear audio, and immersive sound experiences.

• Others: Acoustic components used in a variety of other devices like smart home products, wearables, and gaming consoles.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Consumers Expect High-quality Sound and Advanced Features to Boost the Market"

A factor in the micro electronic-acoustics market growth is the consumers expect high-quality sound and advanced features. With the rise of smartphones, laptops, wearables, and IoT devices as key parts of life today, users want exceptional sound for better communication, engaging entertainment and smooth voice controls. To satisfy these expectations, producers have been making significant investments in sophisticated micro acoustic parts thus promoting growth in this sector that is witnessing more people opting for devices that offer them improved sound quality.

"Development of More Efficient and Smaller Devices to Expand the Market"

The development of more efficient and smaller devices is another key aspect of the micro electronic-acoustics market growth. The demand for small-sized sound parts is on the rise with the development of consumer electronics, which are becoming more functional and more compact. The improvement in micro- electronics such as MEMS technology enables the production of tiny microphones, speakers and sensors that have better performance while consuming less power. As a result, manufacturers can satisfy the increasing demand for high quality audio in smaller and more transportable devices hence leading to an increase in market value.

RESTRAINING FACTOR

"High Development Cost to Potentially Impede Market Growth"

A restraining element within the growth of the micro electronic-acoustics market is the high development cost. To design and manufacture advanced and miniaturised acoustic components such as MEMS microphones and compact speakers requires a significant amount of money in research, design, and production technology. These high investments inhibit innovations especially among small companies while at the same time they affect the speed at which markets expand since manufacturers try to maintain a balance between quality, innovation, and competitiveness.

OPPORTUNITY

"Miniature and High Performance Device To Create Opportunity for the Product in the Market"

Micro electronic-acoustics market is being significantly accelerated by the rising demand for miniature high-performance devices. The size of consumer electronics keeps decreasing but their functionality becomes better. This means that there is an increase in demand for compact and powerful acoustic components. Consequently, manufacturers are able to produce smartphones, wearables, and IoT gadgets with better sound quality even at lower volumes hence opening new opportunities for innovative solutions while boosting growth rate in different sectors.

CHALLENGE

"Balance Between Cost and Performance Could Be a Potential Challenge for Consumers"

A key challenge for consumers in the micro electronic-acoustics market is finding a balance between cost and performance. In most premium smartphones, laptops, and wearables, high-performing acoustic parts including advanced microphones and speakers usually cost more money. In price-sensitive markets, consumers may find it hard to justify extra cost for superior sound quality. Furthermore, achieving high sound quality at low prices is a complicated affair due to availability of cheap substitutes that cannot match up the performance.

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MICRO ELECTRONIC-ACOUSTICS MARKET REGIONAL INSIGHTS

NORTH AMERICA (U.S. COMPULSORY)

North America is leading mainly because of a higher demand for consumer electronics industries, automotive and health care. The United Stated micro electronic-acoustics market is driven by advanced research and development (R&D), strong infrastructure and major technology firms contributing to innovation in acoustic technologies. Also, high smartphone penetration rates together with expanding IoT applications are driving this market growth.

EUROPE

The automation timeline is supported by the automotive sector which makes use of acoustic components for voice control, noise cancellation, and infotainment systems in Europe’s micro electronic-acoustics market. Currently, in this region support is provided for growth through the emphasis on biotechnology, healthcare and industry.

ASIA

Asia is a prominent centre because of its supremacy in consumer electronics production, with countries such as China, Japan and South Korea leading the pack. This is due to the large populace in the area, the rise in people’s buying power and acceptance of smartphones and other wearable devices that boost the need for micro-acoustic parts. There are also lower manufacturing costs in Asia that create an important position for her on a global scale.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Technology Advancement"

Key industry players in the micro electronic-acoustics market are shaping the industry through continuous innovation and technology advancements. Leading corporations are growing the market by producing high-performing miniaturised parts like Micro-Electro-Mechanical Systems (MEMS) microphones, advanced speakers, and receivers. These firms are integrating advanced acoustic systems into mobile devices, wearable technologies and Internet-of-Things (IoT) devices offering excellent sound quality while reducing device size and power output. They also invest in Research and Development (R&D) which allows them to move forward with advanced solutions meeting ever-changing consumers’ need for sound perfection.

LIST OF TOP MICRO ELECTRONIC-ACOUSTICS COMPANIES          

• Bluecom (South Korea)
• Panasonic Electronic Devices (Japan)
• Hosiden (Japan)
• New Jialian (China)
• Cresyn (South Korea)
• Fortune Grand Technology (Taiwan)
• Knowles (U.S.)
• AAC (China)
• Shandong Gettop Acoustic (China)
• Plantronics (U.S.)
• Star Micronics (Japan)
• Sonion (Denmark)
• BSE (South Korea)
• Foster (Japan)
• GoerTek (China)
• Jiangsu Yucheng Electronic (China)
• Merry (Taiwan)
• Bujeon (South Korea)

KEY INDUSTRY DEVELOPMENT

July 2024: A major innovation in the micro electronic-acoustics market was the release of a new generation of MEMS microphones by AAC Technologies. These microphones offer enhanced sound capturewith improved signal-to-noise ratio (SNR) and lower power consumption, specifically designed for applications in smartphones, wearables, and IoT devices.

REPORT COVERAGE       

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The micro electronic-acoustics market is poised for a continued boom pushed by consumers expecting high-quality sound and advanced features and development of more efficient and smaller devices. Despite challenges, which include high development cost. Key industry players are advancing via technological upgrades and strategic marketplace growth, enhancing the supply and attraction of devices. As customer choices shift towards more advanced components, the micro electronic-acoustics market is expected to thrive, with persistent innovation and a broader reputation fueling its destiny prospects.