Quick Summary:
In the dynamic world of technology, the escalating demand for human-computer interaction is driving exponential growth in the Global Far-Field Speech and Voice Recognition Market. With its forecasted growth from US$3.9 Billion in 2022 to an impressive US$18.2 Billion by 2030, this report offers unparalleled insights into an arena of rapid evolution and innovation that holds immense potential for business investments.
Position your company strategically in this powerful growth trajectory with this comprehensive market research report. It provides you with an extensive analysis of critical market segments such as Microphones and Digital Signal Processors, highlighting their individual growth rates and projection. Additionally, it offers a country-wise study of noteworthy markets including the U.S., China, Japan, Canada, and Germany. Gain exclusive access to competitor analysis with features on 33 leading industry players, equipping you with the necessary competitive edge in decision-making and strategic planning.
Global Far-Field Speech and Voice Recognition Market to Reach $18.2 Billion by 2030
The global market for Far-Field Speech and Voice Recognition estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$18.2 Billion by 2030, growing at a CAGR of 21.2% over the analysis period 2022-2030. Microphones, one of the segments analyzed in the report, is projected to record 19.2% CAGR and reach US$6.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Digital Signal Processors segment is readjusted to a revised 21.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 20.7% CAGR
The Far-Field Speech and Voice Recognition market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 20.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.5% and 17.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.1% CAGR.Select Competitors (Total 33 Featured) -
- 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
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Far-Field Speech and Voice Recognition?
What is the growth rate of the Global Market for Far-Field Speech and Voice Recognition?
What is the forecasted size of the Global Market for Far-Field Speech and Voice Recognition?
Who are the key companies in the Global Market for Far-Field Speech and Voice Recognition?
| Report Attribute | Details |
|---|---|
| No. of Pages | 89 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 3.9 Billion |
| Forecasted Market Value ( USD | $ 18.2 Billion |
| Compound Annual Growth Rate | 21.2% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- 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
