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ACOUSTIC MEMS AND AUDIO SOLUTIONS Market & Technology report - April 2017 The market for MEMS microphones and ECMs, micro-speakers and audio ICs will be worth $20B in 2022. KEY FEATURES OF THE REPORT THE AUDIO BUSINESS IS ABOUT TO EXPERIENCE PROFOUND CHANGES Get the sample of the report on www.i-Micronews.com Audio is becoming a key function of multiple $1B milestone, with a value of $993M. Combined existing and new products that increasingly has to with the $700M electret condenser microphone • Microphone, microspeaker and be analyzed as a complete landscape compared to (ECM) market, now the acquisition of sound is audio IC market forecast in Munits independent devices. From mobile phones to cars, almost a $2B value market. The µspeaker market is through 2022 from home assistants to drones, audio products estimated to be worth $8.7B (meaning speaker less • Microphone, microspeaker and like microphones, speakers and audio integrated than two inches in diameter). In addition to these audio IC market forecast in $M circuits (ICs) are essential for all the new systems two visible elements of the audio chain, the audio through 2022 driving consumer electronic markets. The total IC market, which includes codecs, digital signal • Microphone, microspeaker, audio IC audio business was worth more than $15B in 2016. processors (DSPs) and amplifiers, is estimated to ecosystem mapping With a compound annual growth rate (CAGR) be worth $4.3B in 2016. • Application trends: mobile and close to 6%, in 2022, the audio device market will This new Yole report describes the evolution of the consumer, automotive, medical be worth $20B and become a key feature in all the three audio functions, microphones, speakers and • Technology trends: MEMS, applications it is involved in. And there’s clearly audio ICs, technical trends, as well as the evolution capacitive, piezoelectric, optical room for more added value in the audio supply and of the strategies of the main players to capture a value chain, as well as other significant changes. OBJECTIVES OF THE REPORT larger part of this fast-growing field. Ecosystem identification and analysis: In 2016, Yole Développement estimates that the MEMS microphone market has almost reached the • Determination of the application range Is the audio business an opportunity? • Technical market segmentation Audio IC Microphone • Market trends and forecasts suppliers manufacturers • Key players by market, and analysis ~$4,500M ~$1,800M Analysis and description of markets Algo Audio and technologies involved: IC Microphone • Detailed applications per market segment • Major players worldwide Value • Technology trends • Main technical challenges flow? µspeaker µspeaker manufacturers ~$8,700M (Yole Développement, April 2017) MICROPHONES, MICROSPEAKERS AND AUDIO ICs ARE AT THE HEART OF THE EBULLIENT AUDIO ECOSYSTEM With the emergence of virtual assistants like Alexa, the corner, potentially disrupting the existing Cortana, Siri, OK Google and Bixby, microphones equilibrium between MEMS microphones and ECM. are becoming mandatory as the central voice command hub. There is continuous improvement In the meantime, micro-speakers are also growing of audio quality including voice recognition, thanks to classical dynamic speakers and balanced noise cancellation, wind cancellation and person armature technologies, both valued at $8.7B in 2016. identification. There has also been a multiplication These two technologies will compete in the future of platforms embedding microphones, including with MEMS speakers, which became a realistic smartwatches, hearables and cars. The microphone prospect several years ago and will soon be available market will therefore expand continuously and on the market. Yole expects market entry for MEMS reach more than 8 billion units by 2022, with an technology within two years with a potential market 11% CAGR. New technologies are also around value reaching $100M in 2022. Miniaturization and ACOUSTIC MEMS AND AUDIO SOLUTIONS The microphone market since 2005 12000 11000 10000 9000 8000 7000 (in Munits) 6000 5000 4000 3000 2000 1000 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 MEMS Volume (Mu) ECM Volume (Mu) (Yole Développement, April 2017) better audio quality are driving adoption, in addition (APU) providers like Qualcomm, HiSilicon and Apple to evolution of the existing technologies. are trying to absorb this value by integrating audio ICs in the design of their application processor. Drawbacks Between the microphone and the microspeaker, and advantages of both solutions can be discussed but codecs, DSPs and amplifier audio ICs play a key role. the future of audio ICs is currently undergoing deep This is where there is a huge battle in the smartphone changes. Yole Développement estimates that the audio and wearable industries to get access to functions. IC market will be worth more than $4.3B in 2016, Audio IC suppliers and audio processing unit providers reaching $6B by 2022. are hunting the best added value. Audio IC suppliers like Cirrus Logic, Realtek and Maxim Integrated are This report describes the applications, technologies, and bringing added value through discrete components players associated with the microphone, microspeaker and highly valuable algorithms. Audio processing unit and audio IC market’s impending changes. A MARKET TARGETED BY GIANTS Since the early 2000s the microphone MEMS die competitors Goertek and AAC, who are particularly market has been dominated by two giants. Infineon and aggressive on price and delivering products with Sony supplied more than 4 billion die chips last year to improving performance. Newcomers like VesperMEMS the top three MEMS microphone suppliers: Knowles, are on track to take share in this market thanks to Goertek and AAC. This represents more than 70% performance that is well suited for growing markets like of the market. This ranking has been established for wearables and mobile. At the other end of the audio a few years, but the market shares have been shifting chain, the microspeaker market is quite fragmented. quite rapidly. Knowles has been the undisputed leader There are lots of players, coming mainly from Asia, with since 2003, but is now challenged by its Chinese several companies being both involved in microphone Audio players in the field MEMS die MEMS microphone Audio amplifier Application processor unit OEMs Loudspeaker Audio codec (Yole Développement, April 2017) MARKET & TECHNOLOGY REPORT and speakers like AAC, Knowles, Goertek and consumer electronics, which brings players like others. New applications like wearables, hearables Apple, and giants like Qualcomm and HiSilicon to and portable sound systems are opportunities integrate the added value into their devices, which for new entrants like Audiopixel and USound to squeezes the specialized IC makers. introduce their MEMS technologies and disrupt This report provides a detailed vision of the player a market looking desperately for innovation. The landscape, as well as an analysis of the value flow audio IC company landscape is also experiencing through the audio chain, which companies can win profound changes. This includes M&A and deeper and the evolution of the total audio landscape that involvement of system makers, especially in we can expect for the next five years. COMPANIES CITED IN THE REPORT (non exhaustive list) AAC Technologies, AKM, ams AG, Analog Alchemy, Analog Devices, Apple, ARM, ASE, Asus, Audience, Audiopixel, Bosch Akustica, Bosch Sensortec, BSE, CEVA, Cirrus Logic, CSMC, CoolPad, Dell, Dialog, DSP Concept, DSP Group, ESS Technology, Foster, Fujitsu, Gettop, Gionee, Goertek, Google, GoPro, Harman, HiSilicon, Hong Hsing, Hosiden, HP, HTC, Huawei, Infineon, Intel, InvenSense, Jawbone, Knowles, Lenovo, Lingsen Precision Industries, Maxim Integrated, Mediatek, Meizu, MEMSensing, MEMSTech, Microchip, MicroLink SensTech, Motorola, NeoMEMS, Nokia, NXP, Omron, Oppo, Qualcomm, Realtek, Rohm, Samsung, SigmaTel, Sony, Sonion, STMicroelectronics, Suzhou Horn, TCL, TDK-EPC, Tensilica, Texas Instruments, Transound Electronics, TSMC, UMC, USound, VesperMEMS, Weifang XinGang, XFab, Xiaomi, Yamaha, ZTE… and more AUTHOR TABLE OF CONTENTS (complete content on i-Micronews.com) Guillaume Girardin works as a Market Table of contents and scope of the report 2 > Robots/Toys/Home appliance & Technology Analyst for MEMS devices and technologies at Yole Développement, Introduction, definitions & methodology 7 > Head mounted display (AR/VR/MR) the “More than Moore” market research Companies cited 12 > Voice personal assistant Automotive trends 158 and strategy consulting company. Guillaume Related reports 20 Industrial trends 162 holds a Ph.D. In Physics and Nanotechnology Executive summary 21 > Smart cities buildings from Claude Bernard University Lyon 1 Introduction - Microphone 53 > Office/industrial headset and a M.Sc. in Technology and Innovation > Market segmentation > Machine monitoring/Failure analysis Management from EM Lyon School of > 2017 Microphone market landscape by application > Movie making industry Business. > 2017 Microphone market landscape by player Medical trends 168 Market forecast 62 > Hearing aids > MEMS microphone revenue and volume ($M, munits) > Home care > MEMS microphone revenue breakdown ($M) Military trends 175 > MEMS microphone volume breakdown (munits) > Office building surveillance/Communications > MEMS microphone revenue breakdown > Weapons ($M, by application) Introduction – microspeaker 180 Technology trends
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