The microelectromechanical (mem) systems speaker global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Microelectromechanical (MEM) Systems Speaker Market, 2024 report by The
Business Research Company offers comprehensive insights into the current state
of the market and highlights future growth opportunities.
Market Size -
The microelectromechanical (MEM) systems speaker market size has grown strongly
in recent years. It will grow from $4.82 billion in 2023 to $5.24 billion in
2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the
historic period can be attributed to the increasing functionality of consumer
electronics, the expanding adoption of voice-enabled smart devices, the growing
use of microphones in automotive applications, the increasing need for audio
components, and their increasing adoption in various electronic devices.
The microelectromechanical (MEM) systems speaker market size is expected to see
strong growth in the next few years. It will grow to $7.36 billion in 2028 at a
compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period
can be attributed to increasing demand for compact and energy-efficient audio
solutions, an increasing need for audio components, rising demand for
voice-enabled devices, increasing smartphone penetration, and the increasing
popularity of mobile phones, tablets, laptops, and other audio devices. Major
trends in the forecast period include technological advancement, technology to
deliver innovation, integration into slim and portable devices, integration of
advanced audio systems, integration into various consumer electronic devices,
and integration into wearable devices.
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Scope Of Microelectromechanical (MEM) Systems Speaker Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Microelectromechanical (MEM) Systems Speaker Market Overview
Market Drivers -
The growing demand for personal audio devices is expected to propel the growth
of the microelectromechanical (MEM) systems speaker market going forward.
Personal audio devices typically refer to portable gadgets designed for
individual listening to audio content, such as music, podcasts, audiobooks, or
other forms of sound media. The growing demand for personal audio devices is
fueled by increased mobile usage, rising interest in immersive audio experiences,
and the convenience of wireless connectivity, reflecting a shift towards
personalized entertainment and on-the-go lifestyles. MEMS speakers are used in
personal audio devices such as smartphones, earbuds, and hearing aids to
provide high-quality, compact, energy-efficient sound. For instance, in
December 2021, according to ComScore, a US-based media company, 48% of internet
users owned at least one smart speaker, which is 11% higher than the 37% of
users who owned one in 2020. Therefore, the growing demand for personal audio
devices is driving the growth of the microelectromechanical (MEM) systems
speaker market.
Market Trends -
Major companies operating in the microelectromechanical (MEM) systems speaker
market are focusing on developing technologically advanced products, such as
integrated audio modules for over-the-counter hearing aids, to meet the growing
demand for compact audio solutions in various electronic devices. Integrated
audio modules for over-the-counter hearing aids are compact systems combining
MEMS speakers and electronics, offering improved sound quality and
accessibility without requiring a prescription. For instance, in March 2023,
USound GmbH, a German-based innovative company, introduced Kore 4.0, a
state-of-the-art integrated audio module that combines the innovative Tarvos
ultra-low power audio amplifier and the latest Conamara MEMS drivers. It
delivers superior audio performance and low power consumption in a compact form
factor, making it perfect for wearables and over-the-counter (OTC) hearing
aids. This advanced module, featuring USound’s patented technology, integrates
seamlessly with any Bluetooth System-on-a-Chip (SoC) and can be customized for
medium- to high-volume production. Its design also supports further miniaturization,
allowing additional space for sensors and components.
The microelectromechanical (MEM) systems speaker market covered in this report
is segmented –
1) By Type: Piezoelectric, Electric, Thermoacoustic
2) By Signal-to-Noise Ratio (SNR): Very High, High, Low
3) By Application: Headset, Deaf-Aid, Other Applications
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Regional Insights -
North America was the largest region in the microelectromechanical (MEM)
systems speaker market in 2023. Asia-Pacific is expected to be the
fastest-growing region in the forecast period. The regions covered in the
microelectromechanical (MEM) systems speaker market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
Key Companies -
Major companies operating in the microelectromechanical (MEM) systems speaker
market are <b>Infineon Technologies AG, TDK Corporation,
STMicroelectronics N.V., NXP Semiconductors N.V., AAC Technologies Holdings
Inc., Cirrus Logic Inc., Soitec SA, Sonion A/S, Knowles Corporation, Silicon
Sensing Systems Ltd., Micralyne Inc, COMSOL AB, Silex Microsystems AB, Bosch
Sensortec GmbH, Hosiden Corporation, Piezotech LLC, Sonitron NV, Vesper
Technologies, Inc., Arioso Systems GmbH, Usound GmbH, xMEMS Labs Inc.,
GraphAudio Inc., SonicEdge Technologies, New Scale Technologies Inc.,
AudioPixels Ltd</b>
Table of Contents
1. Executive Summary
2. Microelectromechanical (MEM) Systems Speaker Market Report Structure
3. Microelectromechanical (MEM) Systems Speaker Market Trends And Strategies
4. Microelectromechanical (MEM) Systems Speaker Market – Macro Economic
Scenario
5. Microelectromechanical (MEM) Systems Speaker Market Size And Growth
…..
27. Microelectromechanical (MEM) Systems Speaker Market Competitor Landscape
And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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