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MEMS (Micro-Electro-Mechanical Systems) Microphone Market size is set to grow by USD 974.2 million from 2024-2028, Increased penetration of mems technology in hearing aids to boost the market growth, Technavio

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NEW YORK, July 17, 2024 /PRNewswire/ — The global MEMS (micro-electro-mechanical systems) microphone market size is estimated to grow by USD 974.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 8.09% during the forecast period. Increased penetration of mems technology in hearing aids is driving market growth, with a trend towards growing demand for digital assistance in automobiles. However, declining market for tablets poses a challenge. Key market players include AAC Technologies Holdings Ltd., Analog Devices Inc., Cirrus Logic Inc., Goertek Inc., Infineon Technologies AG, Knowles Corp., OMRON Corp., Robert Bosch GmbH, STMicroelectronics International N.V., and TDK Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Consumer electronics, Healthcare, Automotive, and Others), Type (Analog and Digital), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

AAC Technologies Holdings Ltd., Analog Devices Inc., Cirrus Logic Inc., Goertek Inc., Infineon Technologies AG, Knowles Corp., OMRON Corp., Robert Bosch GmbH, STMicroelectronics International N.V., and TDK Corp.

Key Market Trends Fueling Growth

MEMS microphones are essential components in modern automotive applications, catering to the unique requirements of the automotive sector. These microphones offer advanced features such as speech applications, telephony, voice recognition, in-car communication, and active noise cancellation. With the increasing integration of voice controls in vehicles, the market for MEMS microphones is experiencing significant growth. By 2024, more than 65 million vehicles are projected to have voice recognition systems, representing over 60% of all cars worldwide. The expansion of automotive infotainment operating systems and the growing demand for hands-free interfaces for mobile phones are major drivers for this growth. MEMS microphones enable users to operate infotainment systems using voice commands, keeping their focus on the road. Future advancements in voice recognition technology are expected to enable text messaging and email composition, further enhancing the user experience. Additionally, MEMS microphones are used for noise cancellation and engine diagnosis, making them indispensable for digital assistance in automobiles. Overall, the rising demand for in-car digital assistance will fuel the growth of the global MEMS microphone market during the forecast period. 

The Mems microphone market is experiencing significant growth, driven by trends in automotive, consumer electronics, and healthcare industries. Ultrasound sensors and Intertial sensors are gaining popularity in automotive applications, including Advanced Driver-Assistance Systems (ADAS) and electric vehicles. Companies like Hyundai, Mahindra, Kia, and MG are integrating MEMS microphones for voice recognition and cabin noise reduction. In consumer electronics, RF MEMS microphones offer miniaturization benefits for wearables, IoT devices, and 5G mobile smartphones. Flexible RF technology and conformal integration enable the production of smaller, more efficient devices. The healthcare sector is embracing MEMS-based biosensors for motion tracking, pressure sensing, and biointegrated applications, including smartwatches and drug delivery systems. Talent retention and innovation are crucial as companies develop MEMS sensors for automotive safety features, such as airbag deployment and tire pressure monitoring, and improve vehicle performance and efficiency. LTE networks and the Smart Consumer drive the demand for MEMS sensors in various applications, including healthcare, automotive, and consumer electronics. Companies focusing on miniaturization, component configuration, carrier aggregation, and beamforming will remain competitive in this rapidly evolving market. 

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Market Challenges

The MEMS microphone market is experiencing significant growth due to their increasing integration into consumer electronic devices, particularly smartphones and tablets. With the popularity of extra-large smartphones, the demand for MEMS microphones has surged. These devices often use multiple MEMS microphones to replace more expensive sensors, providing high-definition audio quality for video recordings and improved voice command functions. However, the declining tablet market, which includes both slates and detachable tablets, may pose a challenge to the MEMS microphone market’s growth. As consumers show less preference towards tablets, the demand for MEMS microphones in this sector could decline. Despite this challenge, the MEMS microphone market is expected to continue growing due to their widespread adoption in consumer electronics.The MEMS (Micro-Electro-Mechanical Systems) microphone market is experiencing significant growth due to increasing demand from various industries. LTE networks require high-performance microphones for clear communication, driving demand. The smart consumer market, including wearable health and fitness trackers, demands miniaturized MEMS-based biosensors for personalized medicine and remote monitoring. In automotive applications, MEMS sensors are essential for vehicle performance, safety, and efficiency. MEMS sensors are used in airbag deployment, tire pressure monitoring, stability control, and navigation systems. However, challenges include development costs and efforts for customized fabrication and standardized processes. In healthcare and medical diagnostics, MEMS-based biosensors are used for drug delivery, minimally invasive procedures, and safety-critical applications. Liquid media and biomedical applications require rigorous testing and quality control for customer confidence. Smaller companies and startups face development cycle and overall costs, while Sumitomo Precision and MEMS Infinity lead with advanced technology and proven expertise. The future of MEMS microphones lies in addressing these challenges and expanding applications in healthcare, automotive, and consumer markets.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This mems (micro-electro-mechanical systems) microphone market report extensively covers market segmentation by

Application 1.1 Consumer electronics1.2 Healthcare1.3 Automotive1.4 OthersType 2.1 Analog2.2 DigitalGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Consumer electronics- The Mems microphone market is experiencing significant growth due to their small size, high performance, and cost-effectiveness. These microphones use micro-electro-mechanical systems to convert sound waves into electrical signals. Major industries such as consumer electronics, automotive, and healthcare are integrating Mems microphones into their products for applications like voice recognition, noise cancellation, and biometric sensing. The market is expected to continue expanding as technology advances and demand for miniaturized, high-performance microphones increases.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global microphones market is driven by advancements in technology and increasing demand in various applications such as broadcasting and consumer electronics. The global home audio equipment market is experiencing robust growth due to rising disposable incomes, the popularity of smart home devices, and the demand for high-quality audio experiences. Meanwhile, the global action camera market is expanding rapidly, fueled by growing outdoor adventure activities and the need for compact, high-performance cameras capable of capturing high-definition videos and images in challenging environments.

Research Analysis

The Mems microphone market is experiencing significant growth due to the increasing demand for miniaturized devices in various industries. One of the major drivers is the proliferation of LTE networks, enabling real-time communication and data transfer for smart consumer devices. In healthcare, Mems microphones are used in MEMS-based biosensors for medical diagnostics, drug delivery, and minimally invasive procedures. MEMS sensors are also vital in automotive applications, enhancing vehicle performance, safety, and efficiency. Mems microphones play a crucial role in automotive safety systems, such as airbag deployment and tire pressure monitoring. In the healthcare sector, Mems microphones are used in infectious disease detection, cancer biomarkers, and genetic disorders diagnostics. Mems Infinity and Sumitomo Precision are leading Mems sensor manufacturers. Mems sensors are also used in ultrasound sensors, quality control, talent retention, inertial sensors, and Advanced Driver Assistance Systems (ADAS) in vehicles from companies like Hyundai, Mahindra, and Kia.

Market Research Overview

The Mems microphone market is experiencing significant growth due to the increasing demand for miniaturized components in various industries. LTE networks and the rise of the smart consumer have fueled the need for smaller, more efficient devices. MEMS microphones, with their small size and high performance, are ideal for automotive applications such as voice recognition in cars, tire pressure monitoring, and safety systems like airbag deployment and stability control. In healthcare and medical diagnostics, MEMS-based biosensors are revolutionizing drug delivery, minimally invasive procedures, and biomedical applications. MEMS sensors are also being used in liquid media for customized fabrication, reducing development costs and cycles. The market is seeing increased participation from smaller companies and startups, leading to intense competition and a focus on quality control, testing, and customer confidence for safety-critical applications. The Internet of Things and wearables are also driving demand for MEMS microphones in remote monitoring, diagnostics, personalized medicine, and fitness trackers. The market is expected to expand further with the integration of MEMS sensors in ultrasound sensors, ADAS systems in automobiles, and flexible RF technology in 5G mobile smartphones and electric vehicles.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationConsumer ElectronicsHealthcareAutomotiveOthersTypeAnalogDigitalGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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NAVEE Launches ST3 Pro and GT3 Pro at CES 2025, Receives UL and TÜV Rheinland Certifications

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — NAVEE, a global leader in intelligent short-distance mobility, today announced the North American launch of its flagship electric scooters, ST3 Pro and GT3 Pro, at CES 2025. The event, running from January 7 to January 10, also marks the company’s achievement of two prestigious awards that validate its leadership in smart mobility.

UL verification: Micromobility Performance Range, Energy Consumption and Acceleration

During CES, UL awarded the ST3 Pro-U and GT3 Pro-U with the “Micromobility Performance Range/Energy Consumption/Acceleration” verification. This recognition validates NAVEE’s engineering excellence, with both scooters exceeding rigorous standards for range, energy efficiency, and acceleration. Bryan Bai, NAVEE’s Vice President and Head of North American Sales, and Sherry He, vice president and general manager of Consumer, Medical and Information Technologies at UL Solutions, presided over the award ceremony.

TÜV Rheinland Certification: Range at Max. Speed

Simultaneously, TÜV Rheinland granted the ST3 Pro its “Range at Max. Speed” certification, verifying that the scooter delivers on its promised maximum speed range capabilities. Jay Yang, Vice President of Greater China Electrical at TÜV Rheinland, presented the certification to NAVEE, underscoring the scooter’s exceptional performance standards.

“These launches at CES 2025 represent a significant milestone in our mission to advance smart mobility technology for consumers worldwide,” said Lu Jian, Brand Representative of NAVEE. “The UL verification and TÜV Rheinland certification demonstrate our unwavering commitment to excellence and validate the real-world performance our customers can expect.”

ST3 Pro and GT3 Pro: Redefining Smart Mobility

The ST3 Pro and GT3 Pro represent the next evolution in urban transportation. Engineered for the demands of modern city commuting, these premium electric scooters combine exceptional range and acceleration with sophisticated smart features. The prestigious UL verification and TÜV Rheinland certification affirm NAVEE’s position as an industry pioneer in electric mobility innovation.

About NAVEE

Founded in 2021, NAVEE has quickly emerged as a leader in the global electric mobility market. With a presence in over 30 countries and more than 200,000 users, NAVEE is revolutionizing urban commuting with stylish, reliable electric scooters. The company continues to invest heavily in research and development, ensuring it remains at the forefront of innovation in the electric mobility sector.

For more information, visit: NAVEE Official Website https://www.naveetech.com/

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SOURCE NAVEE

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Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad

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nsave offers trusted dollar, sterling or euro accounts abroad to people from high inflation countries.Customers can now access a range of US equities, ETFs and funds.TQ Ventures leads $18mn financing, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton.

LONDON and GENEVA, Jan. 10, 2025 /PRNewswire/ — nsave, the provider of trusted, compliant accounts abroad to people from countries with high inflation, has today announced the launch of an investment product, enabling people at risk of financial exclusion to protect and grow their wealth.

The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.

Today’s means customers can access US equities, ETFs and soon funds managed by some of the world’s largest asset managlaunchers via the nsave app, subject to onboarding and compliance checks.

By working with regulated financial institutions and banking partners in the UK and Switzerland, nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.

nsave’s customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.

Based in London and Geneva, nsave is led by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem.

nsave CEO Amer Baroudi said: “Our vision is to go beyond just protecting everyday people’s wealth by enabling safe and compliant accounts abroad, but to enable them to grow it, too.”

“For some of our customers, this is the first time they can access trusted investment services securely. We believe your passport shouldn’t determine your path to prosperity. Our compliance-by-design approach enables us to offer services safely to many more people.” 

TQ Ventures co-founder and co-managing partner, Schuster Tanger, said: “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.”

“From the outset, I was impressed by nsave’s unique approach and the strength of their team, no doubt a function of Amer and Abdallah’s own lived experience of these challenges. We’re thrilled to roll up our sleeves with nsave to create a more inclusive financial system.”

Contact:
press@nsave.com

 

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Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024

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HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.

The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.

Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.

The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.

Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”

View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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