Far-Field Speech and Voice Recognition Market Research Report - Global Forecast till 2027

Far-Field Speech and Voice Recognition Market Research Report: By Component (Microphones, Digital Signal Processors, Software), Microphone Solution (Single Microphone, Linear Arrays, Circular Arrays), Application (In-Vehicle Infotainment System, Smart TV, Smart Speakers, Robotics, Smart Thermostats, Smart Lighting and others) - Global Forecast till 2027

ID: MRFR/SEM/6492-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2018-2024 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


The Global Far-Field Speech and Voice Recognition Market size is expected to grow from USD 878.37 million in 2018 to USD 3,005.14 Million by 2024, at a CAGR of 24.56%, during the forecast period.


Far-field speech recognition is an essential technology for speech interactions and aims at enabling smart devices to recognize human speech even from a distance. Technical advancements in deep-learning-based far-field microphones, growing demand for voice control-based smart speakers and implementation of far-field speech, and the use of voice recognition technology in smart home devices are the key growth drivers for the far-field speech and voice recognition market.


The global far-field speech and voice recognition market has been segmented based on component, microphone solution, application, and region.


By component, the market has been segmented microphones, digital signal processors, and software. The microphone segment is expected to dominate during the forecast period; however, the software segment is expected to register the highest CAGR. The software segment is expected to witness significant investments by market players who aim at enhancing the accuracy and reliability of digital communication using advanced signal processing techniques and algorithms.


By microphone solution, the market has been segmented into single microphone, linear arrays, and circular arrays. The linear array segment is projected to dominate the market during the forecast period. A linear array consists of two or more microphones arranged in a straight line. The high market share is attributable to its wide application across smart devices such as speakers, smart TVs and set-top box, home routers, and home security devices.


By application, the market has been segmented into in-vehicle infotainment system, smart tv, smart speakers, robotics, smart thermostats, smart lighting, and others. The smart speaker segment is expected to dominate the far-field speech and voice recognition market during the forecast period owing to the growing adoption of virtual assistant across devices such as smartphones and tablets in North America and Europe. Furthermore, the evolving market for smart speakers in developing countries creates offers lucrative opportunities for the players in the global far-field speech and voice recognition market.


The players of the market primarily focus on growth strategies such as partnerships, mergers, acquisitions, and product development to enhance their product offerings and expand their market reach. For instance, in September 2018, Synaptics Incorporated launched two new AudioSmart Far-Field Voice (FFV) solutions for both emerging and legacy set-top-boxes. The solutions included VideoSmart VS-550 SoC with built-in FFV for New Smart STBs and a USB Plug-in accessory for existing STBs.


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


Source: MRFR Analysis


Segmentation


By component, the market has been bifurcated into microphones, digital signal processors, and software.


By microphone solution, the market has been segmented into single microphone, linear arrays, and circular arrays.


By application, the market has been segmented into in-vehicle infotainment system, smart TV, smart speakers, robotics, smart thermostats, smart lighting, and others.


By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Competitive Analysis


The key players have adopted new product development as a part of their organic growth strategy to further increase their market share. For instance, in March 2019, DSP Concepts, Inc., an embedded audio-processing solution provider, launched a new brand of voice recognition technology—TalkTo. This brand includes software-based audio front ends for voice-controlled products. It also provides solutions that deliver reliable far-field voice recognition to TV & smart screen even with linear two or four-mic arrays.


Key Players


The prominent players in the far-field speech and voice recognition industry are Synaptics Inc. (US), Texas Instruments Inc. (US), Qualcomm Inc. (US), Sensory Inc. (US), STMicroelectronics NV (Switzerland), Harman International Industries, Inc. (US), Andrea Electronics Corporation (US), Cirrus Logic Inc. (US), Microsemi Corporation (US), DSP Group, Inc. (US), Knowles Corporation (US), Meeami Technologies, Inc. (US), Alango Technologies Ltd (Israel), Fortemedia, Inc. (US), and VOCAL Technologies, Ltd (US).


Regional Analysis


The global market for far-field speech and voice recognition market is expected to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of the far-field speech and voice recognition market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world. 


North America is expected to hold the largest market share and register the highest CAGR in the far-field speech and voice recognition market from 2019 to 2024 owing to the high concentration of market players, easy availability of proficient technical expertise, and high penetration of smart devices such as smart speakers in the region. Also, the end users in the region willingly invest in new technologies, which further promotes the development of field voice recognition technology by market players.


Intended Audience



  • Speech recognition companies

  • Speech recognition providers

  • Technical universities

  • System integrators

  • Managed Security Service Providers

  • Professional service providers

  • Research and development companies

  • Market research and consulting firms

  • Solution providers

  • Technology standards organizations

  • Technology investors

  • System Integrators   



Frequently Asked Questions (FAQ) :


Global far-field speech and voice recognition market is projected to grow at approximately 24.56% CAGR during the assessment period (2019-2024).

The valuation of the global far-field speech and voice recognition market is estimated to increase to USD 3,005.14 MN by the end of 2024.

Smart speaker is the largest application segment in the global far-field speech and voice recognition market.

North America holds the largest share in the global far-field speech and voice recognition market, followed by the Asia Pacific region and Europe, respectively.

Texas Instruments Inc. (US), Synaptics Inc. (US), Qualcomm Inc. (US), STMicroelectronics NV (Switzerland), Sensory Inc. (US), Harman International Industries, Inc. (US), Cirrus Logic Inc. (US), Microsemi Corporation (US), Andrea Electronics Corporation (US), DSP Group, Inc. (US), Meeami Technologies, Inc. (US), Knowles Corporation (US), Alango Technologies Ltd (Israel), VOCAL Technologies, Ltd (US), and Fortemedia, Inc. (US), are some of the top players operating in the global far-field speech and voice recognition market.