Stratview Research has published a new report on the Microphone Array Market, segmented by Type (Ceiling Array Microphone, Table Array Microphone, Ceiling & Table Array Microphones, Beamforming MicroArray), By Application (Automotive, Meeting spaces & conference rooms), and Region – COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global microphone array market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2021-2026. This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players.
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.
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.
To know more about the covid impact on the market, click here:
This report studies the Microphone Array Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
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.
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.
Following are the key players in the Microphone Array Market:
- 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).
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
Call us @: +1-313-307-4176