Microphone Array Market Report

Market Insights

The Microphone Array Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.

Figure: Microphone Array Market Size, 2020-2026 (USD Million)

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What is a microphone array?

A microphone array may be a microphone device that functions a bit like an everyday microphone, but rather than having just one microphone to record sound input, it's multiple microphones (2 or more) to record sound. The microphones within the array devices work together to record sound simultaneously. they'll be developed to possess as many microphones in them as wanted or needed to record sound output.

Key Players

Key players operating in the microphone array market are-

• Andrea Electronics (US)
• GRAS (Denmark)
• XMOS Ltd (UK)
• PCB Piezotronics (US)
• Acoustic Magic (US)
• Phoenix Audio Technologies (US)
• ClearOne (US)
• Polycom, Inc. (US)
• Shure (US)
• Beyerdynamic (Germany).

Market Dynamics

Significant adoption of next-gen consumer electronics is a key factor driving the product demand. Many consumer devices, such as tablets, smartphones, and smartwatches have microphones embedded in them, thus increasing the market growth. Also, the rising deployment of microphones in industrial sectors for a long time for communication and voice applications further augment the industry growth. In addition, the surging demand for advanced and distant speech recognition has increased due to the growing trend of virtual conferencing and seminars offering ample opportunities to the market players.

Segment's Analysis

Application Trends

Based on application, the microphone array market is categorized into automotive and meeting spaces & conference rooms. The automotive segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. The growing integration of mobile hands-free features in vehicles spurs the demand for microphone arrays in the automotive sector. Microphone arrays enable to reduce environmental noise and increase speech recognition accuracy, thereby bolstering the segment growth.

Regional Trends

By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to the strong presence of consumer electronics and semiconductor companies in South Korea, China, Taiwan, and Japan. Also, The widespread production of automotive vehicles in the region as well as increasing demand for advanced technology majorly in passenger cars further proliferates the regional market growth.

COVID-19 Impact on Microphone Array Market

The COVID-19 outbreak has moderately affected the microphone array industry. This is mainly due to soaring coronavirus cases, implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. The low demand for consumer electronic devices owing to lockdown measures had a global impact on the microphone market. Owing to the worsening pandemic situation, the market dynamics have changed to a great extent. The nations’ lockdown and other government restrictions are affecting the economies over the globe.

Critical Questions Answered in the Report

• What are the key trends in the microphone array market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the microphone array market?
• What are the key strategies adopted by the major vendors to lead in the microphone array market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the microphone array market hopes to have the greatest opportunity to convert-

• Microphone array vendors
• Microphone array retailers
• Automotive companies
• Consumer electronic companies

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