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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

  • ID: 4760820
  • Report
  • Region: Global
  • 141 Pages
  • Markets and Markets
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Far-Field Speech and Voice Recognition Market Expected to Grow from USD 969 Million in 2018 to USD 3,505 Million by 2024

FEATURED COMPANIES

  • Alango
  • DSP Group
  • Knowles
  • Microsemi
  • Retune-DSP
  • Synaptics
  • MORE

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.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alango
  • DSP Group
  • Knowles
  • Microsemi
  • Retune-DSP
  • Synaptics
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in Far-Field Speech and Voice Recognition Market
    4.2 Far-Field Speech and Voice Recognition Market, By Application (Million Units)
    4.3 Far-Field Speech and Voice Recognition Market, By Component (USD Million)
    4.4 Far-Field Speech and Voice Recognition, By Microphone Solutions (Million Units)
    4.5 Far-Field Speech and Voice Recognition Market (USD Million)
    4.6 Far-Field Speech and Voice Recognition Market, By Geography (USD Million)

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Impact of Front-End Hardware Components on the Accuracy of Speech and Voice Recognition
                    5.2.1.2 Growth in Voice Control-Based Smart Speakers
                    5.2.1.3 Technical Advancement of Deep-Learning-Based Far-Field Microphones
           5.2.2 Restraints
                    5.2.2.1 Growing Privacy Threat From Voice Enabled Smart Home Devices
                    5.2.2.2 Lack of Accuracy in Far-Field Speech and Voice Recognition Systems in Noisy and Harsh Environments
           5.2.3 Opportunities
                    5.2.3.1 Deployment of Far-Field Speech and Voice Recognition in Smart Home Devices
                    5.2.3.2 Application of Speech and Voice Recognition in Service Robotics
           5.2.4 Challenges
                    5.2.4.1 Lack of Standardization and Power Issues

6 Market, By Component
    6.1 Introduction
    6.2 Microphones
           6.2.1 Microphones is Expected to Account for the Largest Market Size Throughout the Forecast Period
    6.3 Digital Signal Processors (DSP)
           6.3.1 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
    6.4 Software
           6.4.1 Software Segment is Expected to Witness Highest Growth During the Forecast Period

7 Market, By Microphone Solution
    7.1 Introduction
    7.2 Single Microphone
           7.2.1 Smart Cameras, Smart Fridge, and Smart Light are Some of the Major Applications for Single Microphones
    7.3 Linear Arrays
           7.3.1 Linear Arrays Expected to Hold the Largest Size of Far-Field Speech and Voice Recognition Market During the Forecast Period
    7.4 Circular Arrays
           7.4.1 Circular Arrays Offer A 360-Degree Coverage for the Angle of Arrival of the Speaker.

8 Far-Filed Speech and Voice Recognition, By Application
    8.1 Introduction
    8.2 Automotive
           8.2.1 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
    8.3 Smart TV/STB
           8.3.1 Chinese Smart TV Manufacturers are the Early Movers in This Smart TV/STB Application of Far-Field Speech and Voice Recognition.
    8.4 Smart Speakers
           8.4.1 Increasing Need to Enhance Consumer Convenience is Fueling the Demand for Far-Field Based Smart Speakers, Especially in Smart Homes.
    8.5 Robotics
           8.5.1 Seamless Two-Way Communications Between Human Beings and Robots are Expected to Be the Next Major Revolution in the Coming Few Years.
    8.6 Others

9 Market, By Geography
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 High Adoption of Smart Devices With Advanced Technologies Such as IoT and AI Drives the Market for Far-Field Speech and Voice Recognition Market in the Us
           9.2.2 Canada
                    9.2.2.1 Continuous Research on Nlp and Machine Learning Across Research Institutions and Universities in Canada are Expected to Drive the Growth of the Market
           9.2.3 Mexico
                    9.2.3.1 Increasing Market for Electronic and Automotive Application Provides Opportunities for the Growth of the Far-Field Speech and Voice Recognition Market
    9.3 Europe
           9.3.1 UK
                    9.3.1.1 Growing Demand for In-Vehicle Connectivity is Propelling the Market for Far-Field Speech and Voice Recognition.
           9.3.2 Germany
                    9.3.2.1 Greater Dependence on AI and Cognitive Technologies in Enterprises
           9.3.3 France
                    9.3.3.1 Increasing Demand for Smart Audio Products for Home Entertainment Applications
           9.3.4 Italy
                    9.3.4.1 Increasing Demand for Enhancing Driving Experience, and Comfort and Convenience in Luxury Vehicles are Driving the Growth of the Market
           9.3.5 Rest of Europe
                    9.3.5.1 Strong Sales Figures for Smart Devices are Expected to Generate Demand for Smart Home Devices
    9.4 APAC
           9.4.1 Japan
                    9.4.1.1 Consumer Electronics, Finance, and Healthcare are Some of the Major Applications Driving the Growth of the Speech and Voice Recognition Industry
           9.4.2 China
                    9.4.2.1 Demand for Smart Devices Enabled With AI is Expected to Be the Major Driver for the Industry.
           9.4.3 South Korea
                    9.4.3.1 Rising Technological Advancements and Tech-Savvy Population, are Expected to Drive the Market in the Country in the Coming Years.
           9.4.4 Rest of APAC
                    9.4.4.1 Increasing Internet Penetration, Growing Use of Smartphones, and Increasing Consumer Spending Power Will Likely Drive Far-Field Speech and Voice Recognition Market
    9.5 RoW
           9.5.1 South America
                    9.5.1.1 Smart Home and Consumer Applications Will Propel the Far-Field Speech and Voice Recognition Market in South America
           9.5.2 Middle East & Africa
                    9.5.2.1 The Far-Field Speech and Voice Recognition Market for Smart Home and Automotive Applications is Expected to Witness Growth in Saudi Arabia in the Coming Years

10 Competitive Landscape
     10.1 Introduction
     10.2 Market Ranking Analysis: Far-Field Speech & Voice Recognition Market
     10.3 Competitive Situations and Trends
             10.3.1 Product Launches and Developments
             10.3.2 Partnerships and Collaborations
             10.3.3 Acquisitions
     10.4 Competitive Leadership Mapping
             10.4.1 Visionary Leaders
             10.4.2 Dynamic Differentiators
             10.4.3 Innovators
             10.4.4 Emerging Companies
     10.5 Strength of Product Portfolio
     10.6 Business Strategy Excellence

11 Company Profiles
     11.1 Key Players
             11.1.1 Synaptics
             11.1.2 Texas Instruments
             11.1.3 Andrea Electronics
             11.1.4 Cirrus Logic
             11.1.5 Microsemi
             11.1.6 DSP Group
             11.1.7 Qualcomm
             11.1.8 Sensory
             11.1.9 Stmicroelectronics
             11.1.10 Harman
     11.2 Other Companies
             11.2.1 Meeami Technologies
             11.2.2 Alango
             11.2.3 Xmos
             11.2.4 Mightyworks
             11.2.5 Matrix Labs
             11.2.6 Fortemedia
             11.2.7 Retune-DSP
             11.2.8 Knowles
             11.2.9 Vocal Technologies
             11.2.10 Vesper Technologies

List of Tables
Table 1 Far-Field Speech and Voice Recognition Market, By Component, 2016- 2024 (Million Units)
Table 2 Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (USD Million)
Table 3 Microphones Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (USD Million)
Table 4 Microphone Far-Field Speech and Voice Recognition Market, By Application, 2016-2024 (USD Million)
Table 5 DSP/Processors Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (USD Million)
Table 6 DSP/Processors Far-Field Speech and Voice Recognition Market, By Application, 2016-2024 (USD Million)
Table 7 Software Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (USD Million)
Table 8 Software Far-Field Speech and Voice Recognition Market, By Application, 2016-2024 (USD Million)
Table 9 Far-Field Speech and Voice Recognition Market, By Microphone Solution, 2016-2024 (Million Units)
Table 10 Far-Field Speech and Voice Recognition Market, By Microphone Solution, 2016-2024 (USD Million)
Table 11 Far-Field Speech and Voice Recognition Market for Single Microphone Market, By Region, 2016-2024 (Million Units)
Table 12 Far-Field Speech and Voice Recognition Market for Linear Microphone Market, By Region, 2016-2024 (USD Million)
Table 13 Far-Field Speech and Voice Recognition Market for Circular Microphone Market, By Region, 2016-2024 (USD Million)
Table 14 Far-Field Speech and Voice Recognition Market, By Application, 2016-2024 (Million Units)
Table 15 Far-Field Speech and Voice Recognition Market, By Application, 2016-2024 (USD Million)
Table 16 Automotive Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (Million Units)
Table 17 Automotive Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (USD Million)
Table 18 Automotive Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (Million Units)
Table 19 Automotive Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (USD Million)
Table 20 Smart TV/STB Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (Million Units)
Table 21 Smart TV/STB Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (USD Million)
Table 22 Smart TV/STB Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (Million Units)
Table 23 Smart TV/STB Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (USD Million)
Table 24 Smart Speaker Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (Million Units)
Table 25 Smart Speaker Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (USD Million)
Table 26 Smart Speaker Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (Million Units)
Table 27 Smart Speaker Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (USD Million)
Table 28 Robotics Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (Million Units)
Table 29 Robotics Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (USD Million)
Table 30 Robotics Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (Million Units)
Table 31 Robotics Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (USD Million)
Table 32 Other Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (Million Units)
Table 33 Other Far-Field Speech and Voice Recognition Market, By Component, 2016-2024 (USD Million)
Table 34 Others Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (Million Units)
Table 35 Others Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (USD Million)
Table 36 Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (USD Million)
Table 37 Far-Field Speech and Voice Recognition Market in North America, By Country, 2016-2024 (USD Million)
Table 38 Far-Field Speech and Voice Recognition Market in North America, By Application, 2016-2024 (USD Million)
Table 39 Far-Field Speech and Voice Recognition Market in North America, By Application, 2016-2024 (Million Units)
Table 40 Far-Field Speech and Voice Recognition Market in North America, By Microphone Solution, 2016-2024 (USD Million)
Table 41 Far-Field Speech and Voice Recognition Market in North America, By Component, 2016-2024 (Million Units)
Table 42 Far-Field Speech and Voice Recognition Market in North America, By Component, 2016-2024 (USD Million)
Table 43 Far-Field Speech and Voice Recognition Market in Europe, By Country, 2016-2024 (USD Million)
Table 44 Far-Field Speech and Voice Recognition Market in Europe, By Application, 2016-2024 (USD Million)
Table 45 Far-Field Speech and Voice Recognition Market in Europe, By Application, 2016-2024 (Million Units)
Table 46 Far-Field Speech and Voice Recognition Market in Europe, By Microphone Solution, 2016-2024 (USD Million)
Table 47 Far-Field Speech and Voice Recognition Market in Europe, By Component, 2016-2024 (Million Units)
Table 48 Far-Field Speech and Voice Recognition Market in Europe, By Component, 2016-2024 (USD Million)
Table 49 Far-Field Speech and Voice Recognition Market in APAC, By Country, 2016-2024 (USD Million)
Table 50 Far-Field Speech and Voice Recognition Market in APAC, By Application, 2016-2024 (USD Million)
Table 51 Far-Field Speech and Voice Recognition Market in APAC, By Application, 2016-2024 (Million Units)
Table 52 Far-Field Speech and Voice Recognition Market in APAC, By Microphone Type, 2016-2024 (USD Million)
Table 53 Far-Field Speech and Voice Recognition Market in APAC, By Component, 2016-2024 (Million Units)
Table 54 Far-Field Speech and Voice Recognition Market in APAC, By Component, 2016-2024 (USD Million)
Table 55 Far-Field Speech and Voice Recognition Market in RoW, By Country, 2016-2024 (USD Million)
Table 56 Far-Field Speech and Voice Recognition Market in RoW, By Application, 2016-2024 (USD Million)
Table 57 Far-Field Speech and Voice Recognition Market in RoW, By Application, 2016-2024 (Million Units)
Table 58 Far-Field Speech and Voice Recognition Market in RoW, By Microphone Solutions, 2016-2024 (USD Million)
Table 59 Far-Field Speech and Voice Recognition Market in RoW, By Component, 2016-2024 (Million Units)
Table 60 Far-Field Speech and Voice Recognition Market in RoW, By Component, 2016-2024 (USD Million)
Table 61 Product Launches and Developments (2016-2018)
Table 62 Partnerships and Collaborations (2015-2018)
Table 63 Acquisitions, 2017

List of Figures
Figure 1 Far-Field Speech and Voice Recognition Market: Process Flow of Market Size Estimation
Figure 2 Far-Field Speech and Voice Recognition Market: Research Design
Figure 3 Data Triangulation Methodology
Figure 4 Far-Field Speech and Voice Recognition Market Growth in Terms of Value and Volume (2016-2024)
Figure 5 Microphones to Hold Larger Share of Far-Field Speech and Voice Recognition Market During Forecast Period
Figure 6 Smart Speakers to Hold the Largest Size of the Far-Field Speech and Voice Recognition Market, in Terms of Value, During the Forecast Period
Figure 7 Linear Arrays Expected to Account for the Largest Market Size During the Forecast Period
Figure 8 Far-Field Speech and Voice Recognition Market in North America to Hold the Largest Share in 2017
Figure 9 Far-Field Speech and Voice Recognition Market in RoW to Grow at the Highest CAGR From 2018 to 2024
Figure 10 Smart Speaker to Hold the Largest Size of Market During Forecast Period
Figure 11 Microphones to Hold the Largest Size of Market During the Forecast Period
Figure 12 Linear Arrays to Hold Largest Share of Market in 2024
Figure 13 US to Hold Largest Share of Market in North America in 2018
Figure 14 Far-Field Speech and Voice Recognition Market in the Middle East & Africa to Grow at the Highest CAGR During the Forecast Period
Figure 15 Growing Impact of Front-End Hardware Components on the Accuracy of Speech and Voice Recognition Driving the Far-Field Speech and Voice Recognition Market
Figure 16 Amazon’s Alexa Skill Set Increased Around 6 Times in A Span of 4 Months
Figure 17 Far-Field Speech and Voice Recognition System Architecture
Figure 18 North America to Account for Largest Size of Far-Field Speech and Voice Recognition for Microphones Market By 2024
Figure 19 Smart Speaker Market to Hold Largest Size of Far-Field Speech and Voice Recognition Market for DSP/ Processors During the Forecast Period
Figure 20 Software Far-Field Speech and Voice Recognition Market, By Region, 2016-2024 (USD Million)
Figure 21 Single Microphone Expected to Witness Highest CAGR Between 2018 and 2024
Figure 22 RoW Expected to Grow at Highest CAGR for Linear Microphone Solution Market During the Forecast Period
Figure 23 Microphones Expected to Witness Higher CAGR for Automotive Far-Field Speech and Voice Recognition Market Between 2018 and 2024
Figure 24 APAC Expected to Hold the Largest Size of Smart TV/STB Far-Field Speech and Voice Recognition Market
Figure 25 Smart Speaker Far-Field Speech and Voice Recognition Market, By Component (USD Million)
Figure 26 Software Expected to Witness the Highest Growth of Robotics Far Far-Field Speech and Voice Recognition Market During the Forecast Period
Figure 27 North America to Hold the Largest Size of Others Far-Field Speech and Voice Recognition Market in 2018
Figure 28 Geographic Snapshot: Far-Field Speech and Voice Recognition Market in RoW Expected to Grow at the Highest CAGR During the Forecast Period
Figure 29 North America: Far-Field Speech and Voice Recognition Market Snapshot
Figure 30 Europe: Far-Field Speech and Voice Recognition Market Snapshot
Figure 31 APAC: Far-Field Speech and Voice Recognition Market Snapshot
Figure 32 Key Growth Strategies Adopted By Top Companies, 2015-2018
Figure 33 Market Ranking of the Top 5 Players in the Far-Field Speech & Voice Recognition Market, 2017
Figure 34 Far-Field Speech and Voice Recognition Market (Global) Competitive Leadership Mapping, 2017
Figure 35 Synaptics: Company Snapshot
Figure 36 Texas Instruments: Company Snapshots
Figure 37 Andrea Electronics: Company Snapshot
Figure 38 Cirrus Logic: Company Snapshot
Figure 39 Microsemi: Company Snapshot
Figure 40 DSP Group: Company Snapshot
Figure 41 Qualcomm: Company Snapshot
Figure 42 Stmicroelectronics: Company Snapshot

Note: Product cover images may vary from those shown
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  • Alango
  • Andrea Electronics
  • Cirrus Logic
  • DSP Group
  • Fortemedia
  • Harman
  • Knowles
  • Matrix Labs
  • Meeami Technologies
  • Microsemi
  • Mightyworks
  • Qualcomm
  • Retune-DSP
  • Sensory
  • Stmicroelectronics
  • Synaptics
  • Texas Instruments
  • Vesper Technologies
  • Vocal Technologies
  • Xmos
Note: Product cover images may vary from those shown
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