Global Microelectromechanical (MEM) Systems Speaker Market Opportunities And Strategies To 2033
Overview and Scope The microelectromechanical (MEM) systems speaker market consists of sales of products including surface-mount speakers, miniature speakers, and high-fidelity speakers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Sizing and Forecast The microelectromechanical (MEM) systems speaker market size has grown strongly in recent years. It will grow from $4.82 billion in 2023 to $5.24 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to the increasing functionality of consumer electronics, the expanding adoption of voice-enabled smart devices, the growing use of microphones in automotive ap...