1 Global Micro Electronic-Acoustics Component Market Outlook
The global Micro Electronic-Acoustics Component market is projected to exhibit substantial growth in the coming years, with a CAGR of 5.50% from 2024 to 2033, reaching a total market size of $11339.37 million USD in 2024. Micro Electronic-Acoustics Components include a variety of products such as microphones, speakers, and receivers, which are integral to modern electronic devices. The market for these components is driven by the increasing demand for high-quality audio in consumer electronics. As technology advances, the need for smaller, more efficient, and higher-performing acoustic components continues to grow. This has led to significant investment in research and development to improve the functionality and reliability of these components. The market is also influenced by trends in the electronics industry, such as the rise of virtual reality (VR) and augmented reality (AR) technologies, which require advanced acoustic solutions to enhance user experiences.
Figure Global Micro Electronic-Acoustics Component Market Size and Growth Rate (2024-2033)
2 Micro Electronic-Acoustics Component Market Growth Drivers and Constraints
The growth of the Micro Electronic-Acoustics Component market is influenced by several key factors. One of the primary drivers is the rapid spread of smartphones and other mobile devices. The increasing demand for high-quality audio in these devices has led to a surge in the need for advanced micro electronic-acoustics components. Additionally, the wide use of MEMS (Micro-Electro-Mechanical Systems) microphones has significantly impacted the market. MEMS microphones offer several advantages, including small size, high reliability, and strong anti-RF interference capabilities, making them ideal for use in a variety of electronic devices.
Another driving factor is the rapid development of the audio-visual entertainment industry. With the rise of VR devices, the industry has transitioned from the analog era to the digital age and streaming media era. This shift has increased the demand for high-quality audio components, as consumers expect better audio experiences from their entertainment devices. The increasing use of headphones and microphones, along with the growing frequency of their use, has also contributed to the market’s growth.
However, the market also faces several limiting factors. One of the primary challenges is the rise in raw material prices and labor costs. These increases can significantly impact the profitability of manufacturers, as they lead to higher production costs. Additionally, the market is highly competitive, with many players vying for market share. This competition can lead to price wars and reduced profit margins for companies. Furthermore, the rapid pace of technological change means that products can quickly become obsolete, requiring continuous investment in research and development to stay competitive.
3 Micro Electronic-Acoustics Component Market Innovations and M&A Activities
The Micro Electronic-Acoustics Component market is characterized by significant technological innovation. Companies are continuously investing in research and development to improve the performance and efficiency of their products. One of the key areas of innovation is the development of smaller and more powerful components. For example, advancements in MEMS technology have led to the creation of microphones that are not only smaller but also offer better sound quality and lower power consumption.
Corporate mergers and acquisitions have also played a crucial role in shaping the market. Major players such as GoerTek and AAC have been involved in significant mergers and acquisitions to consolidate their market positions. For instance, GoerTek’s joint venture with MACOM Technology Solutions Holdings, Inc. aims to leverage GoerTek’s manufacturing expertise and MACOM’s superior GaN-on-Si technology to provide world-leading RF components for the 5G market in China. Similarly, Knowles Corporation’s acquisition of Audience, Inc. expanded Knowles’ expertise in intelligent audio and signal processing solutions.
These strategic moves are driven by the need to gain economies of scale, improve technological capabilities, and enhance market presence. The consolidation of the industry can lead to increased efficiency and innovation, ultimately benefiting both manufacturers and consumers. However, it also raises concerns about market concentration and potential anti-competitive practices. Companies in this industry must focus on continuous innovation and improvement of their products to maintain a competitive edge in the market.
4 Global Micro Electronic-Acoustics Component Market Analysis by Type
In 2024, the global Micro Electronic-Acoustics Component market is projected to reach a total value of 11,339.37 million USD. The market is segmented into two main types: Augment direct reflected and Reverberant sound. The Augment direct reflected segment is expected to have a market value of 7,112.88 million USD, representing 62.73% of the total market value. The Reverberant sound segment is forecasted to have a market value of 4,226.49 million USD, accounting for 37.27% of the total market value. This distribution reflects the ongoing demand for advanced acoustic components in various electronic devices, with the Augment direct reflected segment continuing to hold a significant share due to its widespread use in consumer electronics.
Table Global Micro Electronic-Acoustics Component Market Size and Share by Type in 2024
Type | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Augment direct reflected | 7112.88 | 62.73% |
Reverberant sound | 4226.49 | 37.27% |
5 Global Micro Electronic-Acoustics Component Market Analysis by Application
In 2024, the global Micro Electronic-Acoustics Component market is projected to reach a total value of 11,339.37 million USD. The market is driven by various applications, with Mobile Phones leading the way at 5,236.77 million USD, accounting for 46.18% of the total market value. This is followed by PC and Tablet PCs, which are expected to contribute 3,109.42 million USD, or 27.42% of the total. Other applications, including a range of consumer electronics, will make up the remainder, with a value of 2,993.18 million USD, representing 26.40% of the total market value. This breakdown underscores the significant demand for micro electronic-acoustics components in mobile devices, while also highlighting the importance of these components in PCs, tablets, and other electronic products.
Table Global Micro Electronic-Acoustics Component Market Size and Share by Application in 2024
Application | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
PC and Tablet PC | 3109.42 | 27.42% |
Mobile Phone | 5236.77 | 46.18% |
Other | 2993.18 | 26.40% |
6 Global Micro Electronic-Acoustics Component Market Analysis by Region
In 2024, the global market value of Micro Electronic-Acoustics Component is forecasted to reach 11,339.37 million USD. The market value and shares by region are as follows: North America is expected to account for 14.59% of the global market value, with a value of approximately 1,653.7 million USD; Europe is projected to hold 10.06%, valued at around 1,140.0 million USD; China is anticipated to dominate with 45.06%, reaching a value of about 5,109.4 million USD; Japan is forecasted to contribute 11.33%, valued at around 1,284.7 million USD; the Middle East & Africa are expected to hold 2.66%, valued at approximately 301.3 million USD; India is projected to account for 3.41%, valued at around 386.3 million USD; and South America is anticipated to represent 2.89%, valued at approximately 330.0 million USD.
Figure Global Micro Electronic-Acoustics Component Market Share by Region in 2024
7 Top 3 Companies of Global Micro Electronic-Acoustics Component Market
7.1 GoerTek
Company Introduction and Business Overview:
GoerTek Inc. is a leading Chinese acoustic component company, listed on the Shenzhen Stock Exchange in May 2008. Established in 2001, GoerTek has grown to become a global player in the micro-electro-acoustics industry. The company is renowned for its top-notch R&D capabilities and strong vertical integration, which enable it to lead in antenna design and precision component innovation. GoerTek operates manufacturing plants primarily in Asia and serves customers worldwide, with a significant presence in the consumer electronics market.
Products Offered:
GoerTek offers a comprehensive range of micro-electro-acoustics components, including microphones, speakers, and receivers. These products are designed to provide excellent acoustic performance, small form factors, and compatibility with a variety of consumer electronics. Key features of GoerTek’s products include surface mount technology, suppression of GSM/TDMA noise and RF noise, differential input mode to improve AOP (Acoustic Overload Point) and SNR (Signal to Noise Ratio), analog or digital output options, and waterproof designs. These capabilities make GoerTek’s components ideal for use in smartphones, tablets, PCs, and other portable devices.
Sales Revenue in the Latest Year:
GoerTek’s production value reached 1,146.18 million USD, with a market share of 13.28%. The company’s revenue growth can be attributed to its strong R&D focus and strategic partnerships with leading consumer electronics manufacturers. GoerTek’s ability to innovate and provide high-quality components has solidified its position as a top player in the micro-electro-acoustics market.
7.2 AAC
Company Introduction and Business Overview:
AAC Technologies Holdings Inc. is a global leader in the design, development, and manufacturing of micro-electro-acoustics components. Established in 1993 and listed in Hong Kong in 2005, AAC has grown to become a significant player in the industry. The company operates 28 offices, 9 manufacturing bases across China, Vietnam, and the Philippines, and 15 R&D centers in China, the United States, Finland, Denmark, Korea, Japan, and Singapore. AAC’s extensive global presence and strong R&D capabilities have enabled it to provide advanced solutions to a wide range of customers.
Products Offered:
AAC offers a diverse range of products, including microphones, speakers, receivers, and other audio components. These products are designed to meet the high standards of sound quality and performance required by modern consumer electronics. AAC’s products are known for their high output SPL (Sound Pressure Level), low frequency response, low distortion, and compatibility with various electronic devices. The company’s focus on innovation and quality has led to the development of advanced audio solutions that enhance user experiences in mobile, ear, and IoT applications.
Sales Revenue in the Latest Year:
AAC’s production value was 1054.19 million USD, with a market share of 12.21%. The company’s strong market position is a result of its continuous investment in R&D and its ability to deliver high-quality products to major consumer electronics brands. AAC’s strategic approach to product development and market expansion has allowed it to maintain a competitive edge in the rapidly evolving micro-electro-acoustics industry.
7.3 Knowles
Company Introduction and Business Overview:
Knowles Corporation is a market leader and global provider of advanced micro-sound, audio processing, and precision equipment solutions. Established in 1946 and headquartered in the United States, Knowles serves a wide range of markets, including mobile consumer electronics, communications, medical, military, aerospace, and industrial applications. The company is renowned for its leadership in MEMS (Micro-Electro-Mechanical Systems) microphones and audio processing technologies, which are integral to optimizing audio systems and improving user experiences.
Products Offered:
Knowles offers a variety of micro-electro-acoustics components, including high-performance microphones, speakers, and receivers. These products are designed to provide superior sound quality, noise cancellation, and durability. Knowles’ MEMS microphones are particularly notable for their small size, high reliability, and strong anti-RF interference capabilities. The company’s products are widely used in smartphones, tablets, PCs, and other consumer electronics, contributing to enhanced audio performance and user satisfaction.
Sales Revenue in the Latest Year:
Knowles’ production value was 426.16 million USD, with a market share of 4.94%. The company’s success can be attributed to its innovative technologies and strong market presence. Knowles’ commitment to R&D and its ability to deliver high-quality, reliable products have positioned it as a key player in the micro-electro-acoustics market. The company’s strategic focus on emerging technologies and market trends ensures its continued growth and leadership in the industry.