Micro electronic-acoustic components refer to miniaturized electronic system chips and devices related to acoustics that are implemented using microelectronic technology. These components play important roles in audio and video hardware, such as microphones and speakers, which directly affect the human-machine interaction experience of smart voice devices. ‌

Overview of Market Development

The global market for micro electronic-acoustics components has shown a steady growth trend in recent years. According to our research data, the estimated revenue of the global micro electronic-acoustics component market in 2024 is $11.34 billion, an increase of 6.35% compared to 2023. In the future, with the further popularization of technologies such as 5G, IoT, and artificial intelligence, the application prospects of microelectronic acoustic components in communication, consumer electronics, automotive electronics, and other fields are broad, and market demand will continue to grow. By 2029, the global market revenue for micro electronic-acoustics components is expected to increase to $14.90 billion. The CAGR for 2024-2029 is estimated to be 5.61%.

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global micro electronic-acoustics component market is relatively low. According to the data, the total revenue of the micro electronic-acoustics component market for the top 3 companies in the industry in 2023 was $3.25 billion, with a total revenue share of 30.43%. The top three companies were GoerTek, AAC, and Knowles. In 2023, these three companies accounted for 13.28%, 12.21%, and 4.94% of the global market revenue in the micro electronic-acoustics component market, respectively.

Source: www.globalmarketmonitor.com

Segmented Market Analysis

From the perspective of product types, microelectronic acoustic components can usually be divided into three categories based on their functional characteristics: frequency selection components, delay components, and multifunctional components. Among them, multifunctional components occupy the largest market share, estimated at 41.35% in 2024.

From the perspective of downstream applications, microelectronic acoustic components are mainly used in fields such as PCs, PC tablets, and mobile phones. Among them, the mobile phone segment is the largest downstream application market, with an expected 46.19% of the market share in 2024.