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The future of the far-field speech and voice recognition market looks promising with opportunities in the smart TV/STB, smart speaker, automotive, and robotics application segments. The global far-field speech and voice recognition market is expected to grow with a CAGR of 23% to 25% from 2021 to 2026. The major drivers for this market are growing demand for voice controlled smart speakers, technological upgradation and developments, and increasing impact of front-end hardware components on the accuracy of speech and voice recognition.
A more than 150 page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of far-field speech and voice recognition market report download the report brochure.
The study includes trends and forecasts for the global far-field speech and voice recognition market by component, application, microphone solution, and region as follows:
By Component [$M shipment analysis for 2015 – 2026]:
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Microphones
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DSP/Processors
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Software
By Application [$M shipment analysis for 2015 – 2026]:
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Smart TV/STB
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Smart Speakers
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Automotive
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Robotics
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Others
By Microphone Solution [$M shipment analysis for 2015 – 2026]:
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Single Microphones
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Linear Microphones
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Circular Microphones
By Region [$M shipment analysis for 2015 – 2026]:
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North America
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United States
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Canada
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Mexico
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Europe
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Germany
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United Kingdom
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France
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Italy
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Asia Pacific
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China
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Japan
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India
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South Korea
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The Rest of the World
Microphones will remain the largest component segment due to their usage in form of a linear or circular array to reduce the impact of noise and reverberation from the surrounding environment.
Smart speakers will remain the largest application segment during the forecast period due to the growing market for smart speakers in the developing countries.
North America will remain the largest region during the forecast period due to growing demand for smart home applications, such as smart speakers in the region mainly in the US.
Some of the far-field speech and voice recognition companies profiled in this report include Synaptics, Texas Instruments, Qualcomm, Sensory, STMicroelectronics, Harman, Andrea Electronics, Cirrus Logic, Microsemi, Meeami Technologies, Alango Technologies Ltd., Fortemedia, Inc., DSP Group, and Knowles.
Features of Far-Field Speech and Voice Recognition Market
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Market Size Estimates: Far-field speech and voice recognition market size estimation in terms of value ($M)
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Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments and regions.
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Segmentation Analysis: Market size by component, application, and microphone solution
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Regional Analysis: Far-field speech and voice recognition market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
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Growth Opportunities: Analysis on growth opportunities in different component, application, and microphone solution, and regions for far-field speech and voice recognition market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape for the far-field speech and voice recognition market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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This report answers following 11 key questions |
Q.1 What are some of the most promising potential, high-growth opportunities for the global far-field speech and voice recognition market by component (microphones, DSP/processors, and software), application (smart TV/STB, smart speakers, automotive, robotics, and others), microphone solution (single microphones, linear microphones, and circular microphones), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the far-field speech and voice recognition market?
Q.5 What are the business risks and threats to the far-field speech and voice recognition market?
Q.6 What are emerging trends in this far-field speech and voice recognition market and the reasons behind them?
Q.7 What are some changing demands of customers in the far-field speech and voice recognition market?
Q.8 What are the new developments in the far-field speech and voice recognition market? Which companies are leading these developments?
Q.9 Who are the major players in the far-field speech and voice recognition market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the far-field speech and voice recognition market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the far-field speech and voice recognition market?
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