Mems Microphones Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The MEMS Microphone Market is expected to grow at a CAGR of 5.33% over the forecast period 2021 - 2026. The application of MEMS (micro-electro-mechanical systems) technology to microphones has led to the development of small microphones with very high performance. MEMS microphones offer high signal-to-noise ratio (SNR), low power consumption, good sensitivity and are available in very small packages that are fully compatible with surface mount assembly processes. MEMS microphones exhibit almost no change in performance after reflow soldering and have exceptional temperature characteristics.
Key HighlightsThe MEMS Microphone Market consists of various major players existing in the market. It is viewed as a productive investment due to the huge popularity gained amongst the consumer electronics industry. Large organizations are investing heavily with new expansion and partnerships, along with the new players' entrance. The market is moving towards fragmented nature due to a large number of new entrants. The existing players are spending increasingly on R&D to achieve product innovations.
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