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Global Far-Field Speech and Voice Recognition Market – Industry Trends and Forecast to 2028

  • Semiconductors and Electronics
  • Upcoming Report
  • Mar 2021
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220
  • Semiconductors and Electronics
  • Upcoming Report
  • Mar 2021
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Far-Field Speech and Voice Recognition Market, By Component (Microphones, Digital Signal Processors (DSP), Software), Microphone Solution (Single Microphone, Linear Arrays, Circular Arrays), Application (Automotive, Smart TV/STB, Smart Speakers, Robotics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Far-Field Speech and Voice Recognition Market Market Analysis and Insights : Global Far-Field Speech and Voice Recognition Market

The far-field speech and voice recognition market is expected to witness market growth at a rate of 23.48% in the forecast period of 2021 to 2028. Data Bridge Market Research report on far-field speech and voice recognition market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growth in voice control-based smart speakers is escalating the growth of far-field speech and voice recognition market.

Far-field speech and voice recognition refers to recognition as a technology utilized in the machines where human can interact with the machine using their human language. These systems utilize the microphone array in order to recognize the voice of the user even in the noise. They are capable of recognizing the voice within the coverage area of 1 to 10m. With technologies such as Amazon Alexa and Google Home which increases the demand for voice controlled smart speakers globally.

The growing impact of front-end hardware components on the accurateness of speech and voice recognition and technological development of deep-learning-based far-field microphones are the major factors driving the growth of far-field speech and voice recognition market. The increase in demand for voice control–based smart speakers and the growing importance of the technology for speech communications as it intends to permit smart devices to identify distant human speech accelerate the far-field speech and voice recognition market growth. The connection of the innovation to numerous situations such as smart home appliances, meeting transcription and onboard navigation and the utilization of microphone to gather speech signals for far-field speech recognition further influence the far-field speech and voice recognition market. Additionally, acceptance of advanced technologies, research and development activities and surge in investment positively affect the far-field speech and voice recognition market. Furthermore, deployment of far-field speech and voice recognition in smart home devices and application of speech and voice recognition in service robotics extend profitable opportunities to the far-field speech and voice recognition market players in the forecast period of 2021 to 2028.  

On the other hand, growing privacy threat from voice enabled smart home devices and lack of accuracy in far-field speech and voice recognition systems in noisy and harsh environments are the major factors expected to obstruct the far-field speech and voice recognition market growth. The rise in concerns regarding the privacy risk from voice enabled smart home devices is projected to challenge the far-field speech and voice recognition market in the forecast period of 2021 to 2028.

This far-field speech and voice recognition market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the far-field speech and voice recognition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.                                                               

Far-Field Speech and Voice Recognition Market Scope and Market Size

The far-field speech and voice recognition market is segmented on the basis of component, microphone solution and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

  • On the basis of component, the far-field speech and voice recognition market is segmented into microphones, digital signal processors (DSP) and software.
  • On the basis of microphone solution, the far-field speech and voice recognition market is segmented into single microphone, linear arrays and circular arrays.
  • On the basis of application, the far-field speech and voice recognition market is segmented into automotive, smart TV/STB, smart speakers, robotics and others.

Global Far-Field Speech and Voice Recognition Market Country Level Analysis

The far-field speech and voice recognition market is analyzed and market size, volume information is provided by country, component, microphone solution and application as referenced above.   

The countries covered in the global far-field speech and voice recognition market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).  

North America dominates the far-field speech and voice recognition market due to the high concentration of key players, increasing penetration of smart devices such as smart speakers and easy availability of proficient technical expertise in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Far-Field Speech and Voice Recognition Market Share Analysis

The far-field speech and voice recognition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to far-field speech and voice recognition market.

The major players covered in the far-field speech and voice recognition market report are Synaptics Incorporated, Texas Incorporated Instruments, Andrea Electronics, Cirrus Logic, Inc., Microsemi, DSP GROUP, Qualcomm Technologies, Inc, Sensory Inc., STMicroelectronics, HARMAN International, Meeami Technologies Private Limited, Alango Technologies Ltd, XMOS - Queens Quay, MightyWorks, Inc., MATRIX, Fortemedia, Inc., VOCAL Technologies, Vesper Technologies, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


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