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By 2030, the global market for far-field speech and voice recognition is predicted to be worth USD 11.38 billion, growing at a CAGR of 13.7 percent from 2023 to 2030.
The term "far-field speech and voice recognition" is used to describe methods that can record and understand speech from a great distance, often in a loud setting. It allows machines to recognise and respond appropriately to human speech from a great distance. With the proliferation of smart speakers, virtual assistants, and other voice-activated gadgets, this technology is becoming more commonplace. To isolate the sound of the speaker from any ambient noise, far-field speech recognition systems use complex signal processing techniques and several microphones. Beamforming and acoustic echo cancellation are two of the methods used to improve the quality of the recorded sound. Automatic speech recognition (ASR) systems analyse the processed audio by translating spoken words into text for use in other applications or to generate responses. Voice and far-field speech recognition have revolutionised the human-machine interface by allowing for hands-free operation of a wide range of software and hardware.
This study breaks down the worldwide market for far-field speech and voice recognition into its component parts, providing projections for revenue growth and analyses of trends in each. The report examines the market for far-field speech and voice recognition, focusing on its growth drivers, prospects, and obstacles. The competitive landscape has been drawn taking into account the most up-to-date market changes and tactics, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the far-field speech & voice recognition market is analysed to determine the market leaders and their respective strengths and weaknesses.
Influential Elements
The rising popularity of smart home gadgets like smart speakers and smart thermostats is driving growth in the far-field speech & voice recognition market. These gadgets can only be operated by the user speaking orders into the device. Second, the market has been given a big boost by the proliferation of virtual assistants like Amazon Alexa, Google Assistant, and Apple Siri. These helpers use far-field speech recognition to comprehend users' questions, carry them out, and make specific suggestions. Another factor contributing to the expansion of the automotive speech recognition market is the rising popularity of voice-activated infotainment and navigation systems. Another factor fueling the growth of the far-field speech and voice recognition market is the increased demand for voice-enabled healthcare applications and the rising use of voice-based biometric authentication in security systems.
Limiting Circumstances
The privacy and security considerations around voice data present a problem for the far-field speech & voice recognition sector. Because of the possibility of data breaches and unauthorised access to personal information, users may be hesitant to utilise voice-activated devices. There is still need for improvement in the accuracy and reliability of far-field speech recognition systems, particularly in noisy settings or when dealing with speakers of different native languages. This might lead to misunderstandings and poor usability for the end user. Furthermore, small enterprises and cost-conscious consumers may be hesitant to use far-field speech recognition technology due to the significant expenses associated with establishing and maintaining the system. Finally, legal and regulatory difficulties concerning the privacy and use of voice data can act as a barrier to industry expansion.
Report Coverage
Global Far-Field Speech & Voice Recognition research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Far-Field Speech & Voice Recognition report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Far-Field Speech & Voice Recognition competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Far-Field Speech & Voice Recognition market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Far-Field Speech & Voice Recognition market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Far-Field Speech & Voice Recognition market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Qualcomm Incorporated, HARMAN International, Synaptics Incorporated, NXP Semiconductors, STMicroelectronics, Andrea Electronics, Cirrus Logic, Microchip Technology Inc., Infineon Technologies AG, Knowles Corporation, Analog Devices, Inc., Sensory, Inc., Meeami Technologies, TDK Corporation, Vocal Technologies, Vesper Technologies, Alango Technologies Ltd., MediaTek Inc., CEVA, Inc., Fortemedia, Inc., XMOS, and Others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Far-Field Speech & Voice Recognition market based on the below-mentioned segments:
Global Far-Field Speech & Voice Recognition Market, By Component
Microphones
Digital Signal Processors
Software
Global Far-Field Speech & Voice Recognition market, By Solution
Single Microphone
Linear Arrays
Circular Arrays
Global Far-Field Speech & Voice Recognition Market, By Application
Smart TV/STB
Smart Speakers
Automotive
Robotics
Others
Global Far-Field Speech & Voice Recognition market, Regional Analysis
The term "far-field speech and voice recognition" is used to describe methods that can record and understand speech from a great distance, often in a loud setting. It allows machines to recognise and respond appropriately to human speech from a great distance. With the proliferation of smart speakers, virtual assistants, and other voice-activated gadgets, this technology is becoming more commonplace. To isolate the sound of the speaker from any ambient noise, far-field speech recognition systems use complex signal processing techniques and several microphones. Beamforming and acoustic echo cancellation are two of the methods used to improve the quality of the recorded sound. Automatic speech recognition (ASR) systems analyse the processed audio by translating spoken words into text for use in other applications or to generate responses. Voice and far-field speech recognition have revolutionised the human-machine interface by allowing for hands-free operation of a wide range of software and hardware.
This study breaks down the worldwide market for far-field speech and voice recognition into its component parts, providing projections for revenue growth and analyses of trends in each. The report examines the market for far-field speech and voice recognition, focusing on its growth drivers, prospects, and obstacles. The competitive landscape has been drawn taking into account the most up-to-date market changes and tactics, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the far-field speech & voice recognition market is analysed to determine the market leaders and their respective strengths and weaknesses.
Influential Elements
The rising popularity of smart home gadgets like smart speakers and smart thermostats is driving growth in the far-field speech & voice recognition market. These gadgets can only be operated by the user speaking orders into the device. Second, the market has been given a big boost by the proliferation of virtual assistants like Amazon Alexa, Google Assistant, and Apple Siri. These helpers use far-field speech recognition to comprehend users' questions, carry them out, and make specific suggestions. Another factor contributing to the expansion of the automotive speech recognition market is the rising popularity of voice-activated infotainment and navigation systems. Another factor fueling the growth of the far-field speech and voice recognition market is the increased demand for voice-enabled healthcare applications and the rising use of voice-based biometric authentication in security systems.
Limiting Circumstances
The privacy and security considerations around voice data present a problem for the far-field speech & voice recognition sector. Because of the possibility of data breaches and unauthorised access to personal information, users may be hesitant to utilise voice-activated devices. There is still need for improvement in the accuracy and reliability of far-field speech recognition systems, particularly in noisy settings or when dealing with speakers of different native languages. This might lead to misunderstandings and poor usability for the end user. Furthermore, small enterprises and cost-conscious consumers may be hesitant to use far-field speech recognition technology due to the significant expenses associated with establishing and maintaining the system. Finally, legal and regulatory difficulties concerning the privacy and use of voice data can act as a barrier to industry expansion.
Report Coverage
Global Far-Field Speech & Voice Recognition research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Far-Field Speech & Voice Recognition report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Far-Field Speech & Voice Recognition competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Far-Field Speech & Voice Recognition market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Qualcomm Incorporated, HARMAN International, Synaptics Incorporated, NXP Semiconductors, STMicroelectronics, Andrea Electronics, Cirrus Logic, Microchip Technology Inc., Infineon Technologies AG, Knowles Corporation, Analog Devices, Inc., Sensory, Inc., Meeami Technologies, TDK Corporation, Vocal Technologies, Vesper Technologies, Alango Technologies Ltd., MediaTek Inc., CEVA, Inc., Fortemedia, Inc., XMOS, and Others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Far-Field Speech & Voice Recognition Market from 2021 to 2030.
- Market Forecast for Far-Field Speech & Voice Recognition Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Far-Field Speech & Voice Recognition competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Far-Field Speech & Voice Recognition
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Far-Field Speech & Voice Recognition market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Far-Field Speech & Voice Recognition market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Qualcomm Incorporated, HARMAN International, Synaptics Incorporated, NXP Semiconductors, STMicroelectronics, Andrea Electronics, Cirrus Logic, Microchip Technology Inc., Infineon Technologies AG, Knowles Corporation, Analog Devices, Inc., Sensory, Inc., Meeami Technologies, TDK Corporation, Vocal Technologies, Vesper Technologies, Alango Technologies Ltd., MediaTek Inc., CEVA, Inc., Fortemedia, Inc., XMOS, and Others.
Primary Target Market
- Market Players of Far-Field Speech & Voice Recognition
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Far-Field Speech & Voice Recognition market based on the below-mentioned segments:
Global Far-Field Speech & Voice Recognition Market, By Component
Microphones
Digital Signal Processors
Software
Global Far-Field Speech & Voice Recognition market, By Solution
Single Microphone
Linear Arrays
Circular Arrays
Global Far-Field Speech & Voice Recognition Market, By Application
Smart TV/STB
Smart Speakers
Automotive
Robotics
Others
Global Far-Field Speech & Voice Recognition market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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