Global Micro Electronic-Acoustics Component Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Micro Electronic-Acoustics Component Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Micro Electronic-Acoustics Component market finds that the global Micro Electronic-Acoustics Component market reached a value of USD 10116.55 million in 2022. It’s expected that the market will achieve USD 12339.37 million by 2028, exhibiting a CAGR of 3.37% during the forecast period.

Opportunities

Virtual reality (VR) is an interactive, computergenerated experience in a simulated environment that primarily includes hearing and vision, but also includes other types of sensory feedback (such as haptics). In the past few years, VR technology has been widely recognized and adopted. Virtual reality often finds compelling applications in interactive video games and even movies and TV series, providing consumers with an immersive environment, and the increase in commercial virtual reality headsets is expected to drive the micro-electronic-acoustics component market.
With the continuous development of the microacoustic industry, the industry has gradually followed the road of industrial transfer of the electronics industry. The production of microacoustic components in the international scale has undergone a large-scale industrial transfer, due to price competition, risk dispersion, and transportation cost radius. In consideration, the global electronics industry has shown a trend of increasing production capacity and orders to China and Southeast Asia. This shift will save manufacturing costs while providing opportunities for market development.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are GoerTek, AAC and Knowles with the revenue market share of 13.52%, 11.80% and 5.00% in 2018.

Goertek Inc. is a Chinese acoustic component company listed on the Shenzhen Stock Exchange in May 2008. Goertek has a top-notch R&D team with strong vertical integration capabilities to lead the way in antenna design and precision component innovation.

AAC was established in 1993 and was listed in Hong Kong in 2005. At present, there are more than 50,000 employees worldwide, including 1,500 R&D engineers. Globally, AAC has 28 offices, 9 manufacturing bases (China, Vietnam, Philippines) and 15 R&D centers in China, the United States, Finland, Denmark, Korea, Japan and Singapore. The company has grown to become the world's leading provider of smart device solutions.

Segmentation Overview:

Among different product types, Augment direct reflected segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Mobile Phone segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Micro Electronic-Acoustics Component market covered in Chapter 3:

Foster
BSE
GoerTek
Gettop
Merry
Hosiden
AAC
Knowles
Cresyn

In Chapter 4 and Chapter 14.2, on the basis of types, the Micro Electronic-Acoustics Component market from 2018 to 2029 is primarily split into:

Augment direct reflected
Reverberant sound

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Micro Electronic-Acoustics Component market from 2018 to 2029 covers:

PC and Tablet
Mobile Phone
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)