Global Sound Recognition Market to Reach $8.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Sound Recognition estimated at US$198.5 Million in the year 2020, is projected to reach a revised size of US$8.5 Billion by 2027, growing at a CAGR of 71% over the analysis period 2020-2027. Smartphones, one of the segments analyzed in the report, is projected to record a 69.6% CAGR and reach US$5.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Tablets segment is readjusted to a revised 60.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $60.9 Million, While China is Forecast to Grow at 67.4% CAGR
The Sound Recognition market in the U.S. is estimated at US$60.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 67.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 63.7% and 60.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 47.9% CAGR.
Other Device Types Segment to Record 83.9% CAGR
In the global Other Device Types segment, USA, Canada, Japan, China and Europe will drive the 83.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$22.9 Million in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027.
Select Competitors (Total 35 Featured):
Amid the COVID-19 crisis, the global market for Sound Recognition estimated at US$198.5 Million in the year 2020, is projected to reach a revised size of US$8.5 Billion by 2027, growing at a CAGR of 71% over the analysis period 2020-2027. Smartphones, one of the segments analyzed in the report, is projected to record a 69.6% CAGR and reach US$5.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Tablets segment is readjusted to a revised 60.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $60.9 Million, While China is Forecast to Grow at 67.4% CAGR
The Sound Recognition market in the U.S. is estimated at US$60.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 67.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 63.7% and 60.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 47.9% CAGR.
Other Device Types Segment to Record 83.9% CAGR
In the global Other Device Types segment, USA, Canada, Japan, China and Europe will drive the 83.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$22.9 Million in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027.
Select Competitors (Total 35 Featured):
- Abilisense
- Amazon Web Services, Inc.
- Audio Analytic Ltd.
- IBM Corporation
- Microsoft Corporation
- Nuance Communications, Inc.
- OtoSense Inc.
- Reality AI
- Wavio
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Current & Future Analysis for Sound Recognition by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
- Table 2: World 7-Year Perspective for Sound Recognition by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
- Table 3: World Current & Future Analysis for Smartphones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
- Table 4: World 7-Year Perspective for Smartphones by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 5: World Current & Future Analysis for Tablets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
- Table 6: World 7-Year Perspective for Tablets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 7: World Current & Future Analysis for Other Device Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
- Table 8: World 7-Year Perspective for Other Device Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 9: World Current & Future Analysis for Smart Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
- Table 10: World 7-Year Perspective for Smart Home by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 11: World Current & Future Analysis for Healthcare & Fitness by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
- Table 12: World 7-Year Perspective for Healthcare & Fitness by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 13: World Current & Future Analysis for Security & Surveillance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
- Table 14: World 7-Year Perspective for Security & Surveillance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 15: World Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
- Table 16: World 7-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 17: World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
- Table 18: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- UNITED STATES
- Table 19: USA Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 20: USA 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 21: USA Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 22: USA 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- CANADA
- Table 23: Canada Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 24: Canada 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 25: Canada Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 26: Canada 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- JAPAN
- Table 27: Japan Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 28: Japan 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 29: Japan Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 30: Japan 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- CHINA
- Table 31: China Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 32: China 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 33: China Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 34: China 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- EUROPE
- Table 35: Europe Current & Future Analysis for Sound Recognition by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
- Table 36: Europe 7-Year Perspective for Sound Recognition by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
- Table 37: Europe Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 38: Europe 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 39: Europe Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 40: Europe 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- FRANCE
- Table 41: France Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 42: France 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 43: France Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 44: France 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- GERMANY
- Table 45: Germany Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 46: Germany 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 47: Germany Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 48: Germany 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- ITALY
- Table 49: Italy Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 50: Italy 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 51: Italy Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 52: Italy 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- UNITED KINGDOM
- Table 53: UK Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 54: UK 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 55: UK Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 56: UK 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- REST OF EUROPE
- Table 57: Rest of Europe Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 58: Rest of Europe 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 59: Rest of Europe Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 60: Rest of Europe 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- ASIA-PACIFIC
- Table 61: Asia-Pacific Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 62: Asia-Pacific 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 63: Asia-Pacific Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 64: Asia-Pacific 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- REST OF WORLD
- Table 65: Rest of World Current & Future Analysis for Sound Recognition by Device Type - Smartphones, Tablets and Other Device Types - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 66: Rest of World 7-Year Perspective for Sound Recognition by Device Type - Percentage Breakdown of Value Sales for Smartphones, Tablets and Other Device Types for the Years 2020 & 2027
- Table 67: Rest of World Current & Future Analysis for Sound Recognition by Application - Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications - Independent Analysis of Annual Sales in US$ for the Years 2020 through 2027 and % CAGR
- Table 68: Rest of World 7-Year Perspective for Sound Recognition by Application - Percentage Breakdown of Value Sales for Smart Home, Healthcare & Fitness, Security & Surveillance, Automotive and Other Applications for the Years 2020 & 2027
- Total Companies Profiled: 35
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