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Global Far-Field Speech and Voice Recognition Market (2021-2026) by Component, Application & Microphone Solution, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 182 Pages
  • December 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5515431
The Global Far-Field Speech and Voice Recognition Market is estimated to be USD 1.38 Bn in 2021 and is expected to reach USD 3.89 Bn by 2026, growing at a CAGR of 23%.



Market Dynamics

Far-field speech and voice recognition is a technique used in machines that allows humans to engage with the machine using human language. These devices use a microphone array to detect the user's speech even in noisy environments, and they are capable of identifying voices within a range of 1 to 10m. Technologies such as Amazon Alexa and Google Home, increasing the global demand for voice-controlled smart speakers.

The fast advancement of deep learning, artificial intelligence (A.I.), and machine learning (MI) technologies have accelerated the use of smart devices across several sectors. As a result of the deployment of sophisticated technologies, the market for far-field speech and voice recognition systems has grown. Furthermore, industry heavyweights like Texas Instruments and Qualcomm are significantly spending in R&D to increase the quality of far-field recognition. Improving the performance and efficiency of smart devices is expected to drive market growth in the future years. The market for far-field speech and voice recognition systems is driven by factors such as the rising impact of front-end hardware components on speech and voice recognition accuracy and the rise of voice control-based smart speakers. The increasing deployment of far-field speech recognition systems in smart home devices and in-vehicle entertainment systems creates significant market development potential.

However, accuracy difficulties with far-field speech and voice recognition systems in loud and hostile situations may limit market expansion.

Market Segmentation

The Global Far-Field Speech and Voice Recognition Market is segmented further based on Component, Application & Microphone Solution, and Geography.

By Component, the market is classified into Microphones, DSP/Processors, and Software.

By Application, the market is classified into Smart TV/STB, Smart Speakers, Automotive, Robotics, and Others.

By Microphone Solution, the market is classified into Single Microphone, Linear Microphone, and Circular Microphone.

By Geography, America is projected to lead the market.

Recent Developments

1. CMA CGM completes acquisition of CEVA Logistics. - 13th Mar 2019
2. Austin's Cirrus Logic acquires California. - 9th Jul 2019

Company Profiles

Some of the companies covered in this report are Cirrus Logic, Fortemedia, Knowles Corporation, Meeami Technologies, Qualcomm, Sensory, Synaptics, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Far-Field Speech and Voice Recognition Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Far-Field Speech and Voice Recognition Market

What is the estimated value of the Global Far-Field Speech and Voice Recognition Market?

The Global Far-Field Speech and Voice Recognition Market was estimated to be valued at $1380 Million in 2021.

What is the growth rate of the Global Far-Field Speech and Voice Recognition Market?

The growth rate of the Global Far-Field Speech and Voice Recognition Market is 23.0%, with an estimated value of $3890 Million by 2026.

What is the forecasted size of the Global Far-Field Speech and Voice Recognition Market?

The Global Far-Field Speech and Voice Recognition Market is estimated to be worth $3890 Million by 2026.

Who are the key companies in the Global Far-Field Speech and Voice Recognition Market?

Key companies in the Global Far-Field Speech and Voice Recognition Market include Aaware Inc, Adaptive Digital Technologies, Adroit Partners LLC, Alango Technologies Ltd, Andrea Electronics Corporation, Ceva, Inc, Cirrus Logic, Inc, DSP Group, Inc and Harman International.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 The Growing Influence of Front-End Hardware
4.1.2 Components of Speech and Voice Recognition Accuracy
4.1.3 Increase in Voice Control–Enabled Smart Speakers
4.1.4 Technical Advancement of Deep-Learning-Based Far-Field Microphones
4.2 Restraints
4.2.1 Voice-Enabled Smart Home Devices Pose an Increasing Threat to Privacy
4.2.2 Lack of Accuracy in Far-Field Speech and Voice Recognition Systems
4.3 Opportunities
4.3.1 Far-Field Speech and Voice Recognition Deployment in Smart Home Devices
4.3.2 Speech and Voice Recognition Applications in Service Robotics
4.4 Challenges
4.4.1 Power Issues and a Lack of Standardization
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Far-Field Speech and Voice Recognition Market, By Component
6.1 Introduction
6.2 Microphones
6.3 DSP/Processors
6.4 Software
7 Global Far-Field Speech and Voice Recognition Market, By Microphone Solution
7.1 Introduction
7.2 Single Microphone
7.3 Linear Microphone
7.4 Circular Microphone
8 Global Far-Field Speech and Voice Recognition Market, By Application
8.1 Introduction
8.2 Smart TV/STB
8.3 Smart Speakers
8.4 Automotive
8.5 Robotics
8.6 Others (Smart Light, Smart Thermostats, Smart Vacuum Cleaners, Smart Fridge, and Smart Washing Machines)
9 Global Far-Field Speech and Voice Recognition Market, By Geography
9.1 Introduction
9.2 America
9.2.1 Argentina
9.2.2 Brazil
9.2.3 Canada
9.2.4 Chile
9.2.5 Colombia
9.2.6 Mexico
9.2.7 Peru
9.2.8 United States
9.2.9 Rest of Americas
9.3 Europe
9.3.1 Austria
9.3.2 Belgium
9.3.3 Denmark
9.3.4 Finland
9.3.5 France
9.3.6 Germany
9.3.7 Italy
9.3.8 Netherlands
9.3.9 Norway
9.3.10 Poland
9.3.11 Russia
9.3.12 Spain
9.3.13 Sweden
9.3.14 Switzerland
9.3.15 United Kingdom
9.3.16 Rest of Europe
9.4 Middle East and Africa
9.4.1 Egypt
9.4.2 Israel
9.4.3 Qatar
9.4.4 Saudi Arabia
9.4.5 South Africa
9.4.6 United Arab Emirates
9.4.7 Rest of MEA
9.5 Asia-Pacific
9.5.1 Australia
9.5.2 Bangladesh
9.5.3 China
9.5.4 India
9.5.5 Indonesia
9.5.6 Japan
9.5.7 Malaysia
9.5.8 Philippines
9.5.9 Singapore
9.5.10 South Korea
9.5.11 Sri Lanka
9.5.12 Thailand
9.5.13 Taiwan
9.5.14 Rest of Asia-Pacific
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 Aaware Inc
11.2 Adaptive Digital Technologies
11.3 Adroit Partners LLC
11.4 Alango Technologies Ltd
11.5 Andrea Electronics Corporation
11.6 Ceva, Inc
11.7 Cirrus Logic, Inc
11.8 DSP Group, Inc
11.9 Fortemedia, Inc
11.10 Harman International
11.11 Knowles Corporation
11.12 Matrix Labs
11.13 Meeami Technologies
11.14 Microsemi Corporation
11.15 Mightyworks
11.16 NXP Semiconductors N.V.
11.17 Qualcomm, Inc
11.18 Retune-DSP
11.19 Sensory, Inc
11.20 STMicroelectronics NV
11.21 Synaptics, Inc
11.22 Texas Instruments, Inc
11.23 Vesper Technologies
11.24 Vocal Technologies
11.25 XMOS Ltd
12 Appendix
12.1 Questionnaire

Companies Mentioned

  • Aaware Inc
  • Adaptive Digital Technologies
  • Adroit Partners LLC
  • Alango Technologies Ltd
  • Andrea Electronics Corporation
  • Ceva, Inc
  • Cirrus Logic, Inc
  • DSP Group, Inc
  • Fortemedia, Inc
  • Harman International
  • Knowles Corporation
  • Matrix Labs
  • Meeami Technologies
  • Microsemi Corporation
  • Mightyworks
  • NXP Semiconductors N.V.
  • Qualcomm, Inc
  • Retune-DSP
  • Sensory, Inc
  • STMicroelectronics NV
  • Synaptics, Inc
  • Texas Instruments, Inc
  • Vesper Technologies
  • Vocal Technologies
  • XMOS Ltd