Microphones Market to grow by USD 1.09 billion from 2022 to 2027, Growth Driven by Growing Earphones and Headphones Industry - Technavio

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- The "microphones market by type (XLR microphones and USB microphones), technology (wireless and wired), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the microphones market from 2022 to 2027 is USD 1.09 billion. The growing earphones and headphones industry is a key factor driving market growth. The increased use of portable music players, smartphones, tablet computers, and music systems are key factors leading to growth in the market. The headphone industry is growing due to rising disposable income, increased penetration by the telecommunications sector, and population growth in cities. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge

Privacy and security concerns related to cybersecurity are significant challenges restricting market growth. 

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The microphones market is segmented by type (XLR microphones and USB microphones), technology (wireless and wired), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The XLR microphones segment is estimated to witness significant growth during the forecast period. Most recording equipment is equipped with an XLR microphone, where you need a trio of male and auxiliary connectors to capture the analog signal. The XLR is the most popular standard for quality, audio inputs such as microphones. It provides a balanced signal so that the noise is eliminated. In view of their superior sound quality, due to the growing entertainment and electronics industries, there is an increased demand for XLR microphones. Hence, these factors are expected to drive segment growth during the forecast period.

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Key Companies in the microphones market:

Analog Devices Inc., Audio Technica US Inc., Robert Bosch GmbH, Cirrus Logic Inc., BSE Co. Ltd, Goertek Inc., Samsung Electronics Co. Ltd., Hosiden Corp., Infineon Technologies AG, TDK Corp., Knowles Corp., Suzhou Minxin Microelectronics Technology Co. Ltd, Sennheiser Electronic GmbH and Co. KG, STMicroelectronics International N.V., Shure Inc., ClearOne, Inc., Sony Group Corp., AUDIX Corp., Samson Technologies Corp., and Yamaha Corp.

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The HDMI cable market size is estimated to grow at a CAGR of 4.8% between 2022 and 2027. The market size is forecast to increase by USD 811.02 million. 

The wearable technology market size is estimated to grow at a CAGR of 14.8% between 2022 and 2027. The market size is forecast to increase by USD 62.81 billion.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Technology

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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