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Far-Field Speech and Voice Recognition Market by Component (Microphones, DSP and Software), Application (Smart TV/STB, Smart Speakers, Automotive, and Robotics), Microphone Solutions (Single, Linear, Circular), and Geography - Global Forecast to 2024

Far-Field Speech and Voice Recognition Market by Component (Microphones, DSP and Software), Application (Smart TV/STB, Smart Speakers, Automotive, and Robotics), Microphone Solutions (Single, Linear, Circular), and Geography - Global Forecast to 2024

“Far-Filed Speech and voice recognition market is expected to grow at CAGR of 23.89% from 2018 to 2024.”
The far-field speech and voice recognition market is expected to grow from USD 969 million in 2018 to USD 3,505 million by 2024, at a CAGR of 23.89%. The growth of the far-field speech and voice recognition market can be attributed to the advancement of deep-learning-based far-field microphones, growing impact of front-end hardware components on the accuracy of speech and voice recognition, and growth in voice control-based smart speakers. However, 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 restraining the market growth.

“Software expected to grow at highest CAGR during the forecast period.”
Software or deep learning plays a major role in voice pickup. It offers beamforming, spectral noise reduction, acoustic echo cancellation, and de-reverberation technologies to enhance speech recognition performance in far-field use cases and hence improve the quality of the input speech signal. Alango offers a voice enhancement package (VEP), a set of software technologies comprising a multi-microphone beamforming array and echo canceller, which support far-field speech recognition enhancement in smart home products, mobile phones, and automotive voice-controlled applications.

“Microphones expected to hold a largest market size of the far-field speech and voice recognition market throughout the forecast period.”
Far-field speech and voice recognition systems use multiple microphones in form of a linear or circular array to reduce the impact of noise and reverberation from the surrounding environment. In recent years the development of deep-learning-based trainable algorithm for far-field microphones has greatly reduced the limitation of signal distortion and loss of information. Microphones with machine learning, neural networks, and beamforming have improved front-end voice processing. Smart speaker from Google has been at the forefront in deploying deep learning-based microphones in their device. Using deep learning-based microphone, Google had reduced the number of microphones in their smart speakers to two microphones per device, whereas their arch-rival Amazon is using 7 microphones in a single smart speaker.

“Far-Field Speech and Voice Recognition market in RoW is expected to grow at highest CAGR during forecast period.”
The growing adoption of smart speakers and smart home devices in South America, Israel, and UAE is driving the growth of the far-field speech and voice recognition market in RoW. South Africa and Nigeria are also key revenue generators in the far-field speech and voice recognition market in RoW. IBM Watson and Google are progressively making strategic decisions to penetrate into the comparatively lesser tapped region. IBM Watson added the capability to understand the Arabic language, and this has increased the demand for IBM Watson in the MEA region. Furthermore, the falling price of smart speakers from Google and Amazon have also fueled the growth of smart home devices among middle class consumer in the Middle East & Africa.

Breakdown of profile of primary participants:
By Company Type: Tier 1 - 27%, Tier 2 - 41%, and Tier 3 - 32%
By Designation: C-Level Executives - 26%, Directors - 40%, and Others - 34%
By Region: North America - 47%, Europe - 28%, APAC - 19%, and RoW - 6%

Synaptics (US), Texas Instruments (US), Qualcomm (US), Sensory (US), STMicroelectronics (Switzerland), Harman (US), Andrea Electronics (US), Cirrus Logic (US), Microsemi (US), and DSP Group (US) are a few key players in the far-field speech and voice recognition market.

Research Coverage:
The study covers the far-field speech and voice recognition market. It aims at estimating the market size and growth potential of this market, across different segments, such as by component, application, microphone solution, and geography. The study also includes an in-depth competitive analysis of key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall far-field speech and voice recognition market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET
    • FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION (MILLION UNITS)
    • FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT (USD MILLION)
    • FAR-FIELD SPEECH AND VOICE RECOGNITION, BY MICROPHONE SOLUTION (MILLION UNITS)
    • FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET (USD MILLION)
    • FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY GEOGRAPHY (USD MILLION)
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • MARKET, BY COMPONENT
    • INTRODUCTION
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016- 2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (USD MILLION)
    • MICROPHONES
      • MICROPHONES IS EXPECTED TO ACCOUNT FOR THE LARGEST MARKET SIZE THROUGHOUT THE FORECAST PERIOD
        • Table MICROPHONES FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (USD MILLION)
        • Table MICROPHONE FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2016-2024 (USD MILLION)
    • DIGITAL SIGNAL PROCESSORS (DSP)
      • DSP IMPROVES THE ACCURACY AND RELIABILITY IN THE FIELD OF DIGITAL COMMUNICATION BY REDUCING NOISE AND DISTORTION WITH THE HELP OF RELEVANT SIGNAL PROCESSING TECHNIQUES AND ALGORITHMS
        • Table DSP/PROCESSORS FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (USD MILLION)
        • Table DSP/PROCESSORS FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2016-2024 (USD MILLION)
    • SOFTWARE
      • SOFTWARE SEGMENT IS EXPECTED TO WITNESS HIGHEST GROWTH DURING THE FORECAST PERIOD
        • Table SOFTWARE FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (USD MILLION)
        • Table SOFTWARE FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2016-2024 (USD MILLION)
  • MARKET, BY MICROPHONE SOLUTION
    • INTRODUCTION
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY MICROPHONE SOLUTION, 2016-2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY MICROPHONE SOLUTION, 2016-2024 (USD MILLION)
    • SINGLE MICROPHONE
      • SMART CAMERAS, SMART FRIDGE, AND SMART LIGHT ARE SOME OF THE MAJOR APPLICATIONS FOR SINGLE MICROPHONES
        • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET FOR SINGLE MICROPHONE MARKET, BY REGION, 2016-2024 (MILLION UNITS)
    • LINEAR ARRAYS
      • LINEAR ARRAYS EXPECTED TO HOLD THE LARGEST SIZE OF FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET DURING THE FORECAST PERIOD
        • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET FOR LINEAR MICROPHONE MARKET, BY REGION, 2016-2024 (USD MILLION)
    • CIRCULAR ARRAYS
      • CIRCULAR ARRAYS OFFER A 360-DEGREE COVERAGE FOR THE ANGLE OF ARRIVAL OF THE SPEAKER.
        • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET FOR CIRCULAR MICROPHONE MARKET, BY REGION, 2016-2024 (USD MILLION)
  • FAR-FILED SPEECH AND VOICE RECOGNITION, BY APPLICATION
    • INTRODUCTION
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2016-2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2016-2024 (USD MILLION)
    • AUTOMOTIVE
      • WITH INTEGRATED FAR-FIELD SPEECH AND VOICE RECOGNITION, AUTOMOTIVE OEMS ARE ALSO ABLE TO PROVIDE CUSTOMIZABLE INFOTAINMENT SYSTEMS WITH SMART INTEGRATION OF CONTEXT, HISTORY, AND DRIVER PREFERENCES
        • Table AUTOMOTIVE FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (MILLION UNITS)
        • Table AUTOMOTIVE FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (USD MILLION)
        • Table AUTOMOTIVE FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (MILLION UNITS)
        • Table AUTOMOTIVE FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (USD MILLION)
    • SMART TV/STB
      • CHINESE SMART TV MANUFACTURERS ARE THE EARLY MOVERS IN THIS SMART TV/STB APPLICATION OF FAR-FIELD SPEECH AND VOICE RECOGNITION.
        • Table SMART TV/STB FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (MILLION UNITS)
        • Table SMART TV/STB FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (USD MILLION)
        • Table SMART TV/STB FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (MILLION UNITS)
        • Table SMART TV/STB FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (USD MILLION)
    • SMART SPEAKERS
      • INCREASING NEED TO ENHANCE CONSUMER CONVENIENCE IS FUELING THE DEMAND FOR FAR-FIELD BASED SMART SPEAKERS, ESPECIALLY IN SMART HOMES.
        • Table SMART SPEAKER FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (MILLION UNITS)
        • Table SMART SPEAKER FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (USD MILLION)
        • Table SMART SPEAKER FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (MILLION UNITS)
        • Table SMART SPEAKER FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (USD MILLION)
    • ROBOTICS
      • SEAMLESS TWO-WAY COMMUNICATIONS BETWEEN HUMAN BEINGS AND ROBOTS ARE EXPECTED TO BE THE NEXT MAJOR REVOLUTION IN THE COMING FEW YEARS.
        • Table ROBOTICS FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (MILLION UNITS)
        • Table ROBOTICS FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (USD MILLION)
        • Table ROBOTICS FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (MILLION UNITS)
        • Table ROBOTICS FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (USD MILLION)
    • OTHERS
      • Table OTHER FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (MILLION UNITS)
      • Table OTHER FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2016-2024 (USD MILLION)
      • Table OTHERS FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (MILLION UNITS)
      • Table OTHERS FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (USD MILLION)
  • MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2016-2024 (USD MILLION)
    • NORTH AMERICA
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN NORTH AMERICA, BY APPLICATION, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN NORTH AMERICA, BY APPLICATION, 2016-2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN NORTH AMERICA, BY MICROPHONE SOLUTION, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN NORTH AMERICA, BY COMPONENT, 2016-2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN NORTH AMERICA, BY COMPONENT, 2016-2024 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN EUROPE, BY COUNTRY, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN EUROPE, BY APPLICATION, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN EUROPE, BY APPLICATION, 2016-2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN EUROPE, BY MICROPHONE SOLUTION, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN EUROPE, BY COMPONENT, 2016-2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN EUROPE, BY COMPONENT, 2016-2024 (USD MILLION)
      • UK
      • GERMANY
      • FRANCE
      • ITALY
      • REST OF EUROPE
    • APAC
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN APAC, BY COUNTRY, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN APAC, BY APPLICATION, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN APAC, BY APPLICATION, 2016-2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN APAC, BY MICROPHONE TYPE, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN APAC, BY COMPONENT, 2016-2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN APAC, BY COMPONENT, 2016-2024 (USD MILLION)
      • JAPAN
      • CHINA
      • SOUTH KOREA
      • REST OF APAC
    • ROW
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN ROW, BY COUNTRY, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN ROW, BY APPLICATION, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN ROW, BY APPLICATION, 2016-2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN ROW, BY MICROPHONE SOLUTION, 2016-2024 (USD MILLION)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN ROW, BY COMPONENT, 2016-2024 (MILLION UNITS)
      • Table FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN ROW, BY COMPONENT, 2016-2024 (USD MILLION)
      • SOUTH AMERICA
      • MIDDLE EAST & AFRICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING ANALYSIS: FAR-FIELD SPEECH & VOICE RECOGNITION MARKET
    • COMPETITIVE SITUATIONS AND TRENDS
      • PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table PRODUCT LAUNCHES AND DEVELOPMENTS (2016-2018)
      • PARTNERSHIPS AND COLLABORATIONS
        • Table PARTNERSHIPS AND COLLABORATIONS (2015-2018)
      • ACQUISITIONS
        • Table ACQUISITIONS, 2017
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO
    • BUSINESS STRATEGY EXCELLENCE
  • COMPANY PROFILES
    • KEY PLAYERS
      • SYNAPTICS
      • TEXAS INSTRUMENTS
      • ANDREA ELECTRONICS
      • CIRRUS LOGIC
      • MICROSEMI
      • DSP GROUP
      • QUALCOMM
      • SENSORY
      • STMICROELECTRONICS
      • HARMAN
    • OTHER COMPANIES
      • MEEAMI TECHNOLOGIES
      • ALANGO
      • XMOS
      • MIGHTYWORKS
      • MATRIX LABS
      • FORTEMEDIA
      • RETUNE-DSP
      • KNOWLES
      • VOCAL TECHNOLOGIES
      • VESPER TECHNOLOGIES
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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