The Audio industry is evolving at the speed of sound

Functionalities like Active noise cancellation, 3D audio, and beamforming are expanding the audio market.

“Today, audio technologies are becoming ubiquitous, reminiscent of the hi-fi boom in the 1960s and 1970s.” asserts Alexis Debray, Ph.D., Senior Analyst at Yole Développement (Yole). He adds: “Audio is the new must-have interface to interact with phones, speakers, cars, and even homes. Audio is also bringing new immersive experiences with ANC, and 3D audio, but also sound transparency to better connect with reality”.

Considering the market for MEMS microphones, microspeakers, audio codecs, and amplifiers for consumer systems, as well as APUs and SoCs for audio-centric end-systems like smart speakers, TWS earbuds, and audio headsets, analysts expect the market to grow from US$15.3 billion in 2020 to US$21.4 billion in 2026 with a CAGR of 5.8%.
The highest growth rate will be seen in dedicated APUs and SoCs for audio-centric end-systems.

For Adrien Sanchez, Technology & Market Analyst, Computing & Software at Yole: “This is driven both by the growth of audio-centric end-systems, by the integration of new functionalities to rise audio quality and by the progressive integration of smart assistant functionalities directly at the edge.”

The market is expected to have a 13.3% CAGR between 2020 and 2026, from US$1.8 billion in 2020 to US$3.9 billion in 2026. MEMS microphones are the components forecast to have the second-highest growth rate between 2020 and 2026, a 10.5% CAGR from US$1.4 billion to US$2.5 billion. This growth can mainly be attributed to an increasing attachment rate of microphones in most end-systems, enabling a multitude of functionalities and enhancing the audio experience.

Yole and its partner System Plus Consulting, the reverse engineering and costing company, collaborated to produce in-depth analyses fully dedicated to the audio industry and products. Both companies combined their technical expertise and market knowledge to deliver a deep understanding of the current challenges.

In this dynamic field, the market research and strategy consulting company, Yole, releases today its annual analysis: Microphones, Microspeakers, and Audio Processing 2021 report. The aim of the underlying research was to analyze the major technological trends, thus providing a thorough understanding of the value chain, infrastructure, and players in the microphone, microspeaker, and audio IC market. This new edition is also an excellent opportunity to highlight the growing importance of the APU and SoC market segments, completely dedicated to audio applications.
System Plus Consulting also shares its expertise with an in-depth comparative review of the MEMS microphone technology and cost of 19 components in the Consumer MEMS Microphones Comparison 2020 report. Microphones selected by System Plus Consulting’s analysts have been developed by the leading microphone suppliers: Knowles, Goermicro AAC Technologies, STMicroelectronics, TDK InvenSense, TDK Epcos, Cirrus Logic, and Vesper.

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