Industry Background:
Microelectronics is the technology associated with the electronic systems made of small electronic parts. It includes the integrated and other types of circuits. Microelectronic acoustics components are installed in devices such as mobile phones, laptop, earphone, receiver, speaker and other devices. These microelectronic components are also used in military as well as commercial markets.
According to AMA Research, the market for Micro Electronic-Acoustics Component is expected to register a CAGR of 6.3% during the forecast period to 2030. This growth is primarily driven by Development of smaller, lighter and efficient electronic circuit components is fuelling the market. There has been development of new systems in military and commercial markets. Due to the complex systems in military, the requirement of weight, size and power is increasing rapidly which is contributing towards the market growth..
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Equipment & Instruments sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Foster Electric Company (Japan), Panasonic (Japan), Kingstate (Taiwan), Sonion (Denmark), Knowles (United States), Star Micronics (Japan), Hosiden (Japan), Plantronics (United States), Fortune Grand Technology (Taiwan) and Cresyn (South Korea), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2019, Knowles has acquired Arm AG’s microphone design assets. This includes intellectual properties, right to source ASIC wafers from various foundry partners and transfer of design team.
In May , 2023, Micross Components (“Micross”), a leading provider of high-reliability microelectronic product and service solutions for aerospace, defense, space, medical, energy, industrial and other applications, today announced the acquisition of Technograph Microcircuits Ltd, (“TechnoGraph” or the “Company”), a leading provider of hybrid integrated circuits, RF & microwave products, optoelectronics, and PCB assembly. The acquisition further expands the Hi-Rel Products & Services portfolio of Micross.
Influencing Trend:
Technological Developments in Electronic Components and Adoption of Electronic Devices by Consumers
Market Growth Drivers:
Development of smaller, lighter and efficient electronic circuit components is fuelling the market. There has been development of new systems in military and commercial markets. Due to the complex systems in military, the requirement of weight, size and power is increasing rapidly which is contributing towards the market growth.
Challenges:
Complexity of Electronic Circuits May Hamper the Market and Lack of Precision may Become Problematic or Less Acceptable
Restraints:
High cost
Opportunities:
Rising Number of Applications of Electronic Components is Boosting the Market Growth and Increasing Demand of Technologically Advanced Electronic Devices
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Micro Electronic-Acoustics Component Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Micro Electronic-Acoustics Component Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Micro Electronic-Acoustics Component players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Micro Electronic-Acoustics Component Study Sheds Light on
The Micro Electronic-Acoustics Component Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Micro Electronic-Acoustics Component industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Micro Electronic-Acoustics Component industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.