Far-Field Speech and Voice Recognition Market

Far-Field Speech and Voice Recognition Market Size, Share, Growth Analysis, By Component:(Microphones, Digital Signal Processors), By Microphone Solution:(Single Microphone, Linear Arrays), By Application:(Smart TV/STB, Smart Speakers), By Region:(North America, US) - Industry Forecast 2024-2031

Report ID: UCMIG45H2048 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Far-Field Speech and Voice Recognition Market Insights

Market Overview:

The market for far-field speech and voice recognition, which was valued at USD 3.7 billion in 2023, is anticipated to grow to USD 6.9 billion by 2028, at a CAGR of 13.1%. The far-field speech and voice recognition market is significantly boosted by the continual development and integration of front-end hardware components. Additionally, as global organizations expand their operations across numerous countries, it is becoming more and more important to have voice recognition systems that can understand and communicate clearly in a variety of languages and dialects.

Far-Field Speech and Voice Recognition Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Communications Equipment by segment aggregation, the contribution of the Communications Equipment in Technology Hardware & Equipment and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Far-Field Speech and Voice Recognition Market is segmented by Component:, Microphone Solution:, Application:, Region:. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Far-Field Speech and Voice Recognition Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Component: the market is segmented as, Microphones, Digital Signal Processors, Software
  • Based on Microphone Solution: the market is segmented as, Single Microphone, Linear Arrays, Circular Arrays
  • Based on Application: the market is segmented as, Smart TV/STB, Smart Speakers, Automotive, Robotics, Others (Smart Light, Smart Thermostat, Smart Fridge, Smart Washing Machine, Smart Camera, Smart Coffee Makers, Smart Locks, Voice Activated Kiosks, and Smart Appliances)
  • Based on Region: the market is segmented as, North America, US, Canada, Mexico, Europe, Germany, UK, France, Italy, Rest of Europe, Asia Pacific, China, India, Japan, South Korea, Rest of Asia Pacific, Rest of the World (RoW), South America, Middle East & Africa, KEY MARKET PLAYERS, Qualcomm Incorporated, HARMAN International, Synaptics Incorporated, NXP Semiconductors, STMicroelectronics, Andrea Electronics, Cirrus Logic, Microchip Technology Inc., Infineon Technologies AG

Regional Analysis:

Far-Field Speech and Voice Recognition Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Far-Field Speech and Voice Recognition Market Attractiveness Analysis, By Region 2020-2028
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Far-Field Speech and Voice Recognition Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Far-Field Speech and Voice Recognition Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Far-Field Speech and Voice Recognition Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Far-Field Speech and Voice Recognition Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Far-Field Speech and Voice Recognition Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • ld Speech and Voice Recognition Market was valued at USD 3.7 Billion in 2023 and is estimated to reach USD 6.9 Billion by 2028, registering a CAGR of 13.1% during the forecast period.
  • The growth of the far-field speech and voice recognition market is governed by the enhanced accuracy through advanced front-end hardware, increasing adoption of voice control-based smart speakers, and technological advancement of deep-learning-based far-field microphones.
  • Drivers: Enhanced accuracy through advanced front-end hardware
  • The continual advancement and integration of front-end hardware components are serving as major growth drivers for the far-field speech and voice recognition market. The accuracy of far-field speech recognition systems heavily relies on the quality and capabilities of front-end hardware, such as microphone arrays and digital signal processors (DSP). These components are essential for minimizing the impact of environmental noise and reverberation, ensuring optimal accuracy and performance. Manufacturers of microphones and processors are actively developing advanced noise cancellation and wind reduction algorithms utilizing beamforming technology. By leveraging these innovations, they aim to enhance the robustness and accuracy of far-field speech and voice recognition systems. Companies like Apple and Amazon are incorporating multiple microphones and beamforming technology in smart speaker devices like Home Pod and Echo, enabling accurate voice recognition even from a distance.
  • The demand for highly accurate far-field speech recognition is increasing, particularly in mission-critical applications such as aerospace, autonomous cars, industrial automation, and service robots. Both businesses and consumers rely on the accuracy of speech recognition technology to ensure effective human-machine interaction. To enable the market’s growth, far-field speech recognition technology needs to match the accuracy levels achieved in near-field speech recognition, which has an estimated error rate of 5.1%, according to IBM. As the accuracy of far-field speech and voice recognition technology continues to improve through advancements in front-end hardware components, the market is poised for expansion. The ability to deliver accurate and reliable performance in noisy environments and over long distances will drive the adoption of far-field speech and voice recognition systems in various industries and consumer applications.
  • Restraint: Privacy threat
  • The growing privacy threats from voice-enabled smart home devices pose a restraint on the far-field speech and voice recognition market. Data privacy concerns have become a major barrier to consumers’ adoption of these devices. Users are increasingly wary of the collection and potential misuse of their personal data, creating a sense of distrust. This lack of trust hinders the market’s growth potential as consumers hesitate to embrace far-field speech and voice recognition technologies. Security vulnerabilities in voice-enabled smart home devices also contribute to privacy threats. As these devices are connected to the internet, they become potential targets for cyberattacks. The fear of unauthorized access to personal information or control over connected devices within the home amplifies privacy concerns. Governments and regulatory bodies are also stepping in to address these issues by implementing stricter regulations, such as the GDPR, which adds compliance complexities and costs for companies operating in the far-field speech and voice recognition market.
  • To overcome this restraint and drive market growth, companies in the far-field speech and voice recognition market must prioritize user privacy and security. They need to implement robust data protection measures, such as strong encryption and secure data storage, to assure users of their data’s safety. Transparent data practices and clear communication regarding data collection and usage can help build trust with consumers. Compliance with relevant privacy regulations is crucial to demonstrate commitment to user privacy. By addressing these privacy concerns head-on, companies can mitigate the restraint posed by the growing privacy threats and foster wider adoption of far-field speech and voice recognition technologies.
  • Opportunities: Expanding into multilingual and global markets
  • Global businesses are increasingly expanding their operations across multiple countries, creating a need for voice recognition systems that can accurately comprehend and interact in various languages and dialects. This demand spans industries such as customer service, call centers, e-commerce, and hospitality, where multilingual voice recognition enables businesses to offer personalized user experiences, enhancing customer satisfaction and engagement. In the travel and tourism industry, voice-enabled technologies play a vital role in serving international travelers. Multilingual voice recognition systems assist travelers with tasks like language translation, navigation, and local recommendations, improving the convenience and accessibility of their travel experiences. Airports, hotels, and tourist attractions leverage multilingual voice recognition for services like informational assistance, ticketing, and guest support, leading to improved efficiency and customer service quality.
  • Furthermore, in households with members who speak different languages, multilingual voice recognition systems provide seamless interactions with smart home devices. These systems understand and respond to voice commands in various languages, allowing each household member to communicate with the devices in their preferred language. This feature enhances the user experience and convenience, driving the adoption of far-field voice-controlled smart home devices. Leading voice assistants like Amazon’s Alexa and Google Assistant have already recognized the importance of multilingual capabilities. For example, Alexa supports multiple languages, including English, Spanish, French, German, Italian, Japanese, and more, while Google Assistant offers support for over 30 languages. By enabling users to interact with these voice assistants in their native languages, these companies have expanded their user base in the fields of the voice recognition solutions industry. As the global market increasingly embraces voice-controlled technologies, the demand for accurate and versatile multilingual voice recognition systems will continue to rise. Companies that invest in research and development to enhance language understanding and accent recognition will be well-positioned to seize this market opportunity. By offering seamless and personalized voice interactions in multiple languages, far-field speech and voice recognition systems can tap into new customer segments and expand their market presence in diverse regions worldwide.
  • Challenge: Power issues and lack of standardization
  • The widespread adoption of far-field voice recognition in mobile devices faces obstacles due to the high power consumption of sophisticated microphones, powerful processors, and constant connection and listening capabilities. As a result, most voice-activated devices need to remain plugged in at all times. This limitation hinders the broader acceptance of this technology. Additionally, smart speaker manufacturers lack a common standardization in implementing measures to address legal and encryption concerns related to voice recognition, particularly in preventing intruder hacking.
  • There are speculations that many smart device manufacturers are hesitant to adopt speech recognition platforms from third-party vendors as using trigger phrases like “Ok Google” or “Alexa” could diminish their brand power. Another significant challenge in the speech and voice recognition industry is the absence of a standardized platform for developing customized products in this field. This poses a major issue for small companies that lack both a standard platform and the necessary capital. Consequently, it becomes challenging for these companies to create and market products, applications, and solutions in the far-field speech and voice recognition market.
  • Digital Signal Processors segment to hold larger market share during the forecast period.
  • In 2022, the digital signal processors segment accounted for the larger share of the far-field speech and voice recognition market. The market growth for digital signal processors in the far-field speech and voice recognition market is attributed to the increasing demand for low-power and energy-efficient processors. With the rising adoption of battery-powered devices such as wearable devices, smart speakers, and smart home devices, there is a growing need for processors that can operate on low power while still providing high performance. This has led to the development of digital signal processors with specialized architectures optimized for low-power operation, which in turn has driven the growth of the digital signal processors segment.
  • Circular arrays segment account for the largest share of the far-field speech and voice recognition market for during the forecast period.
  • In 2022, the Circular arrays segment held the largest share of the far-field speech and voice recognition market. The demand for circular array microphones is expected to rise in the coming years, owing to their ability to capture audio from a full 360-degree range. This makes them an ideal solution for large conference rooms, event spaces, and other settings where participants may be situated across a wide area. Advancements in microphone technology and manufacturing processes are expected to reduce the cost of circular array microphones, making them more affordable and accessible to a wider range of industries and applications. With the growing adoption of video conferencing and other remote communication technologies in businesses and organizations, the need for high-quality far-field speech recognition technology that can capture audio from multiple directions is expected to increase, thereby boosting the demand for circular array microphones.
  • Robotics application to exhibit highest growth in terms of far-field speech and voice recognition market during the forecast period.
  • The robotics application segment is expected to account for the highest growth of the far-field speech and voice recognition market. Far-field speech and voice recognition technology have become essential in the development of household robotics. Household robots are becoming more popular as consumers seek ways to automate routine tasks and improve their quality of life. Far-field speech and voice recognition technology can significantly enhance the capabilities of household robots, making them more intuitive and user-friendly. With advancements in AI and natural language processing (NLP), the accuracy and efficiency of far-field speech and voice recognition technology have improved significantly, thus fueling market growth. In September 2022, iRobot Corporation (US) launched the Roomba Combo j7+, an advanced robotic vacuum and mop. iRobot has also released the iRobot OS 5.0 updates, which enhance the voice and personalization control of the j7 Series robots throughout the entire product range. With the new iRobot OS 5.0, the Roomba Combo j7+ can recognize and respond to around 600 voice commands. Such proactive product launches will fuel the segment growth of the robotics application.
  • Far-field speech and voice recognition market in Asia Pacific estimated to grow at the fastest rate during the forecast period.
  • The far-field speech and voice recognition market,in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The market is driven by its large population and high adoption of smart devices, leading to rapid market expansion. Countries such as China, India, Japan, and South Korea are leading the way, subject to language diversity, increased penetration of smart home technology products, and booming e-commerce. The market is witnessing several investments in AI and natural language processing (NLP) technologies to enable accurate multilingual voice recognition and localization. Key players are focusing on developing voice-enabled applications, smart home devices, and voice-based customer service solutions to cater to the diverse needs of the region. With its thriving technology ecosystem and fast-paced digital transformation, Asia Pacific is poised to be a major market for far-field speech and voice recognition technologies.
  • Recent Developments
  • In February 2023, Infineon Technologies AG (Germany) launched the PDM microphone with low power consumption. Owing to its ultra-low power consumption, it is used in applications such as wireless earbuds, over-ear headsets, and hearing enhancement devices.
  • In January 2023, HARMAN International (US) launched Sound and Vibration Sensor and External Microphone products at CES 2023. These advanced solutions enhance in-vehicle and exterior audio experiences, offering safety and communication improvements, including far-field speech and voice recognition capabilities.
  • In May 2022, Infineon Technologies AG (Germany) launched XENSIV MEMS microphones which are used for consumer electronics headphones with active noise cancellation (ANC), TWS earbuds, conference devices with beamforming capability, laptops, tablets, or smart speakers with voice user interfaces.
  • KEY MARKET SEGMENTS
  • By Component:
  • Microphones
  • Digital Signal Processors
  • Software
  • By Microphone Solution:
  • Single Microphone
  • Linear Arrays
  • Circular Arrays
  • By Application:
  • Smart TV/STB
  • Smart Speakers
  • Automotive
  • Robotics
  • Others (Smart Light, Smart Thermostat, Smart Fridge, Smart Washing Machine, Smart Camera, Smart Coffee Makers, Smart Locks, Voice Activated Kiosks, and Smart Appliances)
  • By Region:
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • South America
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • Qualcomm Incorporated
  • HARMAN International
  • Synaptics Incorporated
  • NXP Semiconductors
  • STMicroelectronics
  • Andrea Electronics
  • Cirrus Logic
  • Microchip Technology Inc.
  • Infineon Technologies AG
  • Knowles Corporation (US)

SkyQuest's Expertise:

The Far-Field Speech and Voice Recognition Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Component: - Microphones, Digital Signal Processors, Software
  • By Microphone Solution: - Single Microphone, Linear Arrays, Circular Arrays
  • By Application: - Smart TV/STB, Smart Speakers, Automotive, Robotics, Others (Smart Light, Smart Thermostat, Smart Fridge, Smart Washing Machine, Smart Camera, Smart Coffee Makers, Smart Locks, Voice Activated Kiosks, and Smart Appliances)
  • By Region: - North America, US, Canada, Mexico, Europe, Germany, UK, France, Italy, Rest of Europe, Asia Pacific, China, India, Japan, South Korea, Rest of Asia Pacific, Rest of the World (RoW), South America, Middle East & Africa, KEY MARKET PLAYERS, Qualcomm Incorporated, HARMAN International, Synaptics Incorporated, NXP Semiconductors, STMicroelectronics, Andrea Electronics, Cirrus Logic, Microchip Technology Inc., Infineon Technologies AG
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • ld Speech and Voice Recognition Market was valued at USD 3.7 Billion in 2023 and is estimated to reach USD 6.9 Billion by 2028, registering a CAGR of 13.1% during the forecast period.
  • The growth of the far-field speech and voice recognition market is governed by the enhanced accuracy through advanced front-end hardware, increasing adoption of voice control-based smart speakers, and technological advancement of deep-learning-based far-field microphones.
  • Drivers: Enhanced accuracy through advanced front-end hardware
  • The continual advancement and integration of front-end hardware components are serving as major growth drivers for the far-field speech and voice recognition market. The accuracy of far-field speech recognition systems heavily relies on the quality and capabilities of front-end hardware, such as microphone arrays and digital signal processors (DSP). These components are essential for minimizing the impact of environmental noise and reverberation, ensuring optimal accuracy and performance. Manufacturers of microphones and processors are actively developing advanced noise cancellation and wind reduction algorithms utilizing beamforming technology. By leveraging these innovations, they aim to enhance the robustness and accuracy of far-field speech and voice recognition systems. Companies like Apple and Amazon are incorporating multiple microphones and beamforming technology in smart speaker devices like Home Pod and Echo, enabling accurate voice recognition even from a distance.
  • The demand for highly accurate far-field speech recognition is increasing, particularly in mission-critical applications such as aerospace, autonomous cars, industrial automation, and service robots. Both businesses and consumers rely on the accuracy of speech recognition technology to ensure effective human-machine interaction. To enable the market’s growth, far-field speech recognition technology needs to match the accuracy levels achieved in near-field speech recognition, which has an estimated error rate of 5.1%, according to IBM. As the accuracy of far-field speech and voice recognition technology continues to improve through advancements in front-end hardware components, the market is poised for expansion. The ability to deliver accurate and reliable performance in noisy environments and over long distances will drive the adoption of far-field speech and voice recognition systems in various industries and consumer applications.
  • Restraint: Privacy threat
  • The growing privacy threats from voice-enabled smart home devices pose a restraint on the far-field speech and voice recognition market. Data privacy concerns have become a major barrier to consumers’ adoption of these devices. Users are increasingly wary of the collection and potential misuse of their personal data, creating a sense of distrust. This lack of trust hinders the market’s growth potential as consumers hesitate to embrace far-field speech and voice recognition technologies. Security vulnerabilities in voice-enabled smart home devices also contribute to privacy threats. As these devices are connected to the internet, they become potential targets for cyberattacks. The fear of unauthorized access to personal information or control over connected devices within the home amplifies privacy concerns. Governments and regulatory bodies are also stepping in to address these issues by implementing stricter regulations, such as the GDPR, which adds compliance complexities and costs for companies operating in the far-field speech and voice recognition market.
  • To overcome this restraint and drive market growth, companies in the far-field speech and voice recognition market must prioritize user privacy and security. They need to implement robust data protection measures, such as strong encryption and secure data storage, to assure users of their data’s safety. Transparent data practices and clear communication regarding data collection and usage can help build trust with consumers. Compliance with relevant privacy regulations is crucial to demonstrate commitment to user privacy. By addressing these privacy concerns head-on, companies can mitigate the restraint posed by the growing privacy threats and foster wider adoption of far-field speech and voice recognition technologies.
  • Opportunities: Expanding into multilingual and global markets
  • Global businesses are increasingly expanding their operations across multiple countries, creating a need for voice recognition systems that can accurately comprehend and interact in various languages and dialects. This demand spans industries such as customer service, call centers, e-commerce, and hospitality, where multilingual voice recognition enables businesses to offer personalized user experiences, enhancing customer satisfaction and engagement. In the travel and tourism industry, voice-enabled technologies play a vital role in serving international travelers. Multilingual voice recognition systems assist travelers with tasks like language translation, navigation, and local recommendations, improving the convenience and accessibility of their travel experiences. Airports, hotels, and tourist attractions leverage multilingual voice recognition for services like informational assistance, ticketing, and guest support, leading to improved efficiency and customer service quality.
  • Furthermore, in households with members who speak different languages, multilingual voice recognition systems provide seamless interactions with smart home devices. These systems understand and respond to voice commands in various languages, allowing each household member to communicate with the devices in their preferred language. This feature enhances the user experience and convenience, driving the adoption of far-field voice-controlled smart home devices. Leading voice assistants like Amazon’s Alexa and Google Assistant have already recognized the importance of multilingual capabilities. For example, Alexa supports multiple languages, including English, Spanish, French, German, Italian, Japanese, and more, while Google Assistant offers support for over 30 languages. By enabling users to interact with these voice assistants in their native languages, these companies have expanded their user base in the fields of the voice recognition solutions industry. As the global market increasingly embraces voice-controlled technologies, the demand for accurate and versatile multilingual voice recognition systems will continue to rise. Companies that invest in research and development to enhance language understanding and accent recognition will be well-positioned to seize this market opportunity. By offering seamless and personalized voice interactions in multiple languages, far-field speech and voice recognition systems can tap into new customer segments and expand their market presence in diverse regions worldwide.
  • Challenge: Power issues and lack of standardization
  • The widespread adoption of far-field voice recognition in mobile devices faces obstacles due to the high power consumption of sophisticated microphones, powerful processors, and constant connection and listening capabilities. As a result, most voice-activated devices need to remain plugged in at all times. This limitation hinders the broader acceptance of this technology. Additionally, smart speaker manufacturers lack a common standardization in implementing measures to address legal and encryption concerns related to voice recognition, particularly in preventing intruder hacking.
  • There are speculations that many smart device manufacturers are hesitant to adopt speech recognition platforms from third-party vendors as using trigger phrases like “Ok Google” or “Alexa” could diminish their brand power. Another significant challenge in the speech and voice recognition industry is the absence of a standardized platform for developing customized products in this field. This poses a major issue for small companies that lack both a standard platform and the necessary capital. Consequently, it becomes challenging for these companies to create and market products, applications, and solutions in the far-field speech and voice recognition market.
  • Digital Signal Processors segment to hold larger market share during the forecast period.
  • In 2022, the digital signal processors segment accounted for the larger share of the far-field speech and voice recognition market. The market growth for digital signal processors in the far-field speech and voice recognition market is attributed to the increasing demand for low-power and energy-efficient processors. With the rising adoption of battery-powered devices such as wearable devices, smart speakers, and smart home devices, there is a growing need for processors that can operate on low power while still providing high performance. This has led to the development of digital signal processors with specialized architectures optimized for low-power operation, which in turn has driven the growth of the digital signal processors segment.
  • Circular arrays segment account for the largest share of the far-field speech and voice recognition market for during the forecast period.
  • In 2022, the Circular arrays segment held the largest share of the far-field speech and voice recognition market. The demand for circular array microphones is expected to rise in the coming years, owing to their ability to capture audio from a full 360-degree range. This makes them an ideal solution for large conference rooms, event spaces, and other settings where participants may be situated across a wide area. Advancements in microphone technology and manufacturing processes are expected to reduce the cost of circular array microphones, making them more affordable and accessible to a wider range of industries and applications. With the growing adoption of video conferencing and other remote communication technologies in businesses and organizations, the need for high-quality far-field speech recognition technology that can capture audio from multiple directions is expected to increase, thereby boosting the demand for circular array microphones.
  • Robotics application to exhibit highest growth in terms of far-field speech and voice recognition market during the forecast period.
  • The robotics application segment is expected to account for the highest growth of the far-field speech and voice recognition market. Far-field speech and voice recognition technology have become essential in the development of household robotics. Household robots are becoming more popular as consumers seek ways to automate routine tasks and improve their quality of life. Far-field speech and voice recognition technology can significantly enhance the capabilities of household robots, making them more intuitive and user-friendly. With advancements in AI and natural language processing (NLP), the accuracy and efficiency of far-field speech and voice recognition technology have improved significantly, thus fueling market growth. In September 2022, iRobot Corporation (US) launched the Roomba Combo j7+, an advanced robotic vacuum and mop. iRobot has also released the iRobot OS 5.0 updates, which enhance the voice and personalization control of the j7 Series robots throughout the entire product range. With the new iRobot OS 5.0, the Roomba Combo j7+ can recognize and respond to around 600 voice commands. Such proactive product launches will fuel the segment growth of the robotics application.
  • Far-field speech and voice recognition market in Asia Pacific estimated to grow at the fastest rate during the forecast period.
  • The far-field speech and voice recognition market,in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The market is driven by its large population and high adoption of smart devices, leading to rapid market expansion. Countries such as China, India, Japan, and South Korea are leading the way, subject to language diversity, increased penetration of smart home technology products, and booming e-commerce. The market is witnessing several investments in AI and natural language processing (NLP) technologies to enable accurate multilingual voice recognition and localization. Key players are focusing on developing voice-enabled applications, smart home devices, and voice-based customer service solutions to cater to the diverse needs of the region. With its thriving technology ecosystem and fast-paced digital transformation, Asia Pacific is poised to be a major market for far-field speech and voice recognition technologies.
  • Recent Developments
  • In February 2023, Infineon Technologies AG (Germany) launched the PDM microphone with low power consumption. Owing to its ultra-low power consumption, it is used in applications such as wireless earbuds, over-ear headsets, and hearing enhancement devices.
  • In January 2023, HARMAN International (US) launched Sound and Vibration Sensor and External Microphone products at CES 2023. These advanced solutions enhance in-vehicle and exterior audio experiences, offering safety and communication improvements, including far-field speech and voice recognition capabilities.
  • In May 2022, Infineon Technologies AG (Germany) launched XENSIV MEMS microphones which are used for consumer electronics headphones with active noise cancellation (ANC), TWS earbuds, conference devices with beamforming capability, laptops, tablets, or smart speakers with voice user interfaces.
  • KEY MARKET SEGMENTS
  • By Component:
  • Microphones
  • Digital Signal Processors
  • Software
  • By Microphone Solution:
  • Single Microphone
  • Linear Arrays
  • Circular Arrays
  • By Application:
  • Smart TV/STB
  • Smart Speakers
  • Automotive
  • Robotics
  • Others (Smart Light, Smart Thermostat, Smart Fridge, Smart Washing Machine, Smart Camera, Smart Coffee Makers, Smart Locks, Voice Activated Kiosks, and Smart Appliances)
  • By Region:
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • South America
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • Qualcomm Incorporated
  • HARMAN International
  • Synaptics Incorporated
  • NXP Semiconductors
  • STMicroelectronics
  • Andrea Electronics
  • Cirrus Logic
  • Microchip Technology Inc.
  • Infineon Technologies AG
  • Knowles Corporation (US)
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Far-Field Speech and Voice Recognition Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Far-Field Speech and Voice Recognition Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • ld Speech and Voice Recognition Market was valued at USD 3.7 Billion in 2023 and is estimated to reach USD 6.9 Billion by 2028, registering a CAGR of 13.1% during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The growth of the far-field speech and voice recognition market is governed by the enhanced accuracy through advanced front-end hardware, increasing adoption of voice control-based smart speakers, and technological advancement of deep-learning-based far-field microphones.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Drivers: Enhanced accuracy through advanced front-end hardware
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The continual advancement and integration of front-end hardware components are serving as major growth drivers for the far-field speech and voice recognition market. The accuracy of far-field speech recognition systems heavily relies on the quality and capabilities of front-end hardware, such as microphone arrays and digital signal processors (DSP). These components are essential for minimizing the impact of environmental noise and reverberation, ensuring optimal accuracy and performance. Manufacturers of microphones and processors are actively developing advanced noise cancellation and wind reduction algorithms utilizing beamforming technology. By leveraging these innovations, they aim to enhance the robustness and accuracy of far-field speech and voice recognition systems. Companies like Apple and Amazon are incorporating multiple microphones and beamforming technology in smart speaker devices like Home Pod and Echo, enabling accurate voice recognition even from a distance.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The demand for highly accurate far-field speech recognition is increasing, particularly in mission-critical applications such as aerospace, autonomous cars, industrial automation, and service robots. Both businesses and consumers rely on the accuracy of speech recognition technology to ensure effective human-machine interaction. To enable the market’s growth, far-field speech recognition technology needs to match the accuracy levels achieved in near-field speech recognition, which has an estimated error rate of 5.1%, according to IBM. As the accuracy of far-field speech and voice recognition technology continues to improve through advancements in front-end hardware components, the market is poised for expansion. The ability to deliver accurate and reliable performance in noisy environments and over long distances will drive the adoption of far-field speech and voice recognition systems in various industries and consumer applications.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restraint: Privacy threat
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The growing privacy threats from voice-enabled smart home devices pose a restraint on the far-field speech and voice recognition market. Data privacy concerns have become a major barrier to consumers’ adoption of these devices. Users are increasingly wary of the collection and potential misuse of their personal data, creating a sense of distrust. This lack of trust hinders the market’s growth potential as consumers hesitate to embrace far-field speech and voice recognition technologies. Security vulnerabilities in voice-enabled smart home devices also contribute to privacy threats. As these devices are connected to the internet, they become potential targets for cyberattacks. The fear of unauthorized access to personal information or control over connected devices within the home amplifies privacy concerns. Governments and regulatory bodies are also stepping in to address these issues by implementing stricter regulations, such as the GDPR, which adds compliance complexities and costs for companies operating in the far-field speech and voice recognition market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • To overcome this restraint and drive market growth, companies in the far-field speech and voice recognition market must prioritize user privacy and security. They need to implement robust data protection measures, such as strong encryption and secure data storage, to assure users of their data’s safety. Transparent data practices and clear communication regarding data collection and usage can help build trust with consumers. Compliance with relevant privacy regulations is crucial to demonstrate commitment to user privacy. By addressing these privacy concerns head-on, companies can mitigate the restraint posed by the growing privacy threats and foster wider adoption of far-field speech and voice recognition technologies.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Opportunities: Expanding into multilingual and global markets
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global businesses are increasingly expanding their operations across multiple countries, creating a need for voice recognition systems that can accurately comprehend and interact in various languages and dialects. This demand spans industries such as customer service, call centers, e-commerce, and hospitality, where multilingual voice recognition enables businesses to offer personalized user experiences, enhancing customer satisfaction and engagement. In the travel and tourism industry, voice-enabled technologies play a vital role in serving international travelers. Multilingual voice recognition systems assist travelers with tasks like language translation, navigation, and local recommendations, improving the convenience and accessibility of their travel experiences. Airports, hotels, and tourist attractions leverage multilingual voice recognition for services like informational assistance, ticketing, and guest support, leading to improved efficiency and customer service quality.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Furthermore, in households with members who speak different languages, multilingual voice recognition systems provide seamless interactions with smart home devices. These systems understand and respond to voice commands in various languages, allowing each household member to communicate with the devices in their preferred language. This feature enhances the user experience and convenience, driving the adoption of far-field voice-controlled smart home devices. Leading voice assistants like Amazon’s Alexa and Google Assistant have already recognized the importance of multilingual capabilities. For example, Alexa supports multiple languages, including English, Spanish, French, German, Italian, Japanese, and more, while Google Assistant offers support for over 30 languages. By enabling users to interact with these voice assistants in their native languages, these companies have expanded their user base in the fields of the voice recognition solutions industry. As the global market increasingly embraces voice-controlled technologies, the demand for accurate and versatile multilingual voice recognition systems will continue to rise. Companies that invest in research and development to enhance language understanding and accent recognition will be well-positioned to seize this market opportunity. By offering seamless and personalized voice interactions in multiple languages, far-field speech and voice recognition systems can tap into new customer segments and expand their market presence in diverse regions worldwide.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Challenge: Power issues and lack of standardization
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The widespread adoption of far-field voice recognition in mobile devices faces obstacles due to the high power consumption of sophisticated microphones, powerful processors, and constant connection and listening capabilities. As a result, most voice-activated devices need to remain plugged in at all times. This limitation hinders the broader acceptance of this technology. Additionally, smart speaker manufacturers lack a common standardization in implementing measures to address legal and encryption concerns related to voice recognition, particularly in preventing intruder hacking.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • There are speculations that many smart device manufacturers are hesitant to adopt speech recognition platforms from third-party vendors as using trigger phrases like “Ok Google” or “Alexa” could diminish their brand power. Another significant challenge in the speech and voice recognition industry is the absence of a standardized platform for developing customized products in this field. This poses a major issue for small companies that lack both a standard platform and the necessary capital. Consequently, it becomes challenging for these companies to create and market products, applications, and solutions in the far-field speech and voice recognition market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Digital Signal Processors segment to hold larger market share during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In 2022, the digital signal processors segment accounted for the larger share of the far-field speech and voice recognition market. The market growth for digital signal processors in the far-field speech and voice recognition market is attributed to the increasing demand for low-power and energy-efficient processors. With the rising adoption of battery-powered devices such as wearable devices, smart speakers, and smart home devices, there is a growing need for processors that can operate on low power while still providing high performance. This has led to the development of digital signal processors with specialized architectures optimized for low-power operation, which in turn has driven the growth of the digital signal processors segment.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Circular arrays segment account for the largest share of the far-field speech and voice recognition market for during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In 2022, the Circular arrays segment held the largest share of the far-field speech and voice recognition market. The demand for circular array microphones is expected to rise in the coming years, owing to their ability to capture audio from a full 360-degree range. This makes them an ideal solution for large conference rooms, event spaces, and other settings where participants may be situated across a wide area. Advancements in microphone technology and manufacturing processes are expected to reduce the cost of circular array microphones, making them more affordable and accessible to a wider range of industries and applications. With the growing adoption of video conferencing and other remote communication technologies in businesses and organizations, the need for high-quality far-field speech recognition technology that can capture audio from multiple directions is expected to increase, thereby boosting the demand for circular array microphones.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Robotics application to exhibit highest growth in terms of far-field speech and voice recognition market during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The robotics application segment is expected to account for the highest growth of the far-field speech and voice recognition market. Far-field speech and voice recognition technology have become essential in the development of household robotics. Household robots are becoming more popular as consumers seek ways to automate routine tasks and improve their quality of life. Far-field speech and voice recognition technology can significantly enhance the capabilities of household robots, making them more intuitive and user-friendly. With advancements in AI and natural language processing (NLP), the accuracy and efficiency of far-field speech and voice recognition technology have improved significantly, thus fueling market growth. In September 2022, iRobot Corporation (US) launched the Roomba Combo j7+, an advanced robotic vacuum and mop. iRobot has also released the iRobot OS 5.0 updates, which enhance the voice and personalization control of the j7 Series robots throughout the entire product range. With the new iRobot OS 5.0, the Roomba Combo j7+ can recognize and respond to around 600 voice commands. Such proactive product launches will fuel the segment growth of the robotics application.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Far-field speech and voice recognition market in Asia Pacific estimated to grow at the fastest rate during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The far-field speech and voice recognition market,in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The market is driven by its large population and high adoption of smart devices, leading to rapid market expansion. Countries such as China, India, Japan, and South Korea are leading the way, subject to language diversity, increased penetration of smart home technology products, and booming e-commerce. The market is witnessing several investments in AI and natural language processing (NLP) technologies to enable accurate multilingual voice recognition and localization. Key players are focusing on developing voice-enabled applications, smart home devices, and voice-based customer service solutions to cater to the diverse needs of the region. With its thriving technology ecosystem and fast-paced digital transformation, Asia Pacific is poised to be a major market for far-field speech and voice recognition technologies.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In February 2023, Infineon Technologies AG (Germany) launched the PDM microphone with low power consumption. Owing to its ultra-low power consumption, it is used in applications such as wireless earbuds, over-ear headsets, and hearing enhancement devices.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In January 2023, HARMAN International (US) launched Sound and Vibration Sensor and External Microphone products at CES 2023. These advanced solutions enhance in-vehicle and exterior audio experiences, offering safety and communication improvements, including far-field speech and voice recognition capabilities.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In May 2022, Infineon Technologies AG (Germany) launched XENSIV MEMS microphones which are used for consumer electronics headphones with active noise cancellation (ANC), TWS earbuds, conference devices with beamforming capability, laptops, tablets, or smart speakers with voice user interfaces.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Component:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Microphones
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Digital Signal Processors
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Software
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Microphone Solution:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Single Microphone
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Linear Arrays
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Circular Arrays
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smart TV/STB
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smart Speakers
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Automotive
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Robotics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others (Smart Light, Smart Thermostat, Smart Fridge, Smart Washing Machine, Smart Camera, Smart Coffee Makers, Smart Locks, Voice Activated Kiosks, and Smart Appliances)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • US
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Canada
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mexico
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Germany
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • UK
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • France
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Italy
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • India
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Japan
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South Korea
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of the World (RoW)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Qualcomm Incorporated
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • HARMAN International
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Synaptics Incorporated
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • NXP Semiconductors
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • STMicroelectronics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Andrea Electronics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cirrus Logic
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Microchip Technology Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Infineon Technologies AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Knowles Corporation (US)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Far-Field Speech and Voice Recognition Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Far-Field Speech and Voice Recognition Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Far-Field Speech and Voice Recognition Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Far-Field Speech and Voice Recognition Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Far-Field Speech and Voice Recognition was estimated to be valued at US$ XX Mn in 2021.

The global Far-Field Speech and Voice Recognition Market is estimated to grow at a CAGR of XX% by 2028.

The global Far-Field Speech and Voice Recognition Market is segmented on the basis of Component:, Microphone Solution:, Application:, Region:.

Based on region, the global Far-Field Speech and Voice Recognition Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Far-Field Speech and Voice Recognition Market are ld Speech and Voice Recognition Market was valued at USD 3.7 Billion in 2023 and is estimated to reach USD 6.9 Billion by 2028, registering a CAGR of 13.1% during the forecast period. , The growth of the far-field speech and voice recognition market is governed by the enhanced accuracy through advanced front-end hardware, increasing adoption of voice control-based smart speakers, and technological advancement of deep-learning-based far-field microphones. , Drivers: Enhanced accuracy through advanced front-end hardware , The continual advancement and integration of front-end hardware components are serving as major growth drivers for the far-field speech and voice recognition market. The accuracy of far-field speech recognition systems heavily relies on the quality and capabilities of front-end hardware, such as microphone arrays and digital signal processors (DSP). These components are essential for minimizing the impact of environmental noise and reverberation, ensuring optimal accuracy and performance. Manufacturers of microphones and processors are actively developing advanced noise cancellation and wind reduction algorithms utilizing beamforming technology. By leveraging these innovations, they aim to enhance the robustness and accuracy of far-field speech and voice recognition systems. Companies like Apple and Amazon are incorporating multiple microphones and beamforming technology in smart speaker devices like Home Pod and Echo, enabling accurate voice recognition even from a distance. , The demand for highly accurate far-field speech recognition is increasing, particularly in mission-critical applications such as aerospace, autonomous cars, industrial automation, and service robots. Both businesses and consumers rely on the accuracy of speech recognition technology to ensure effective human-machine interaction. To enable the market’s growth, far-field speech recognition technology needs to match the accuracy levels achieved in near-field speech recognition, which has an estimated error rate of 5.1%, according to IBM. As the accuracy of far-field speech and voice recognition technology continues to improve through advancements in front-end hardware components, the market is poised for expansion. The ability to deliver accurate and reliable performance in noisy environments and over long distances will drive the adoption of far-field speech and voice recognition systems in various industries and consumer applications. , Restraint: Privacy threat , The growing privacy threats from voice-enabled smart home devices pose a restraint on the far-field speech and voice recognition market. Data privacy concerns have become a major barrier to consumers’ adoption of these devices. Users are increasingly wary of the collection and potential misuse of their personal data, creating a sense of distrust. This lack of trust hinders the market’s growth potential as consumers hesitate to embrace far-field speech and voice recognition technologies. Security vulnerabilities in voice-enabled smart home devices also contribute to privacy threats. As these devices are connected to the internet, they become potential targets for cyberattacks. The fear of unauthorized access to personal information or control over connected devices within the home amplifies privacy concerns. Governments and regulatory bodies are also stepping in to address these issues by implementing stricter regulations, such as the GDPR, which adds compliance complexities and costs for companies operating in the far-field speech and voice recognition market. , To overcome this restraint and drive market growth, companies in the far-field speech and voice recognition market must prioritize user privacy and security. They need to implement robust data protection measures, such as strong encryption and secure data storage, to assure users of their data’s safety. Transparent data practices and clear communication regarding data collection and usage can help build trust with consumers. Compliance with relevant privacy regulations is crucial to demonstrate commitment to user privacy. By addressing these privacy concerns head-on, companies can mitigate the restraint posed by the growing privacy threats and foster wider adoption of far-field speech and voice recognition technologies. , Opportunities: Expanding into multilingual and global markets , Global businesses are increasingly expanding their operations across multiple countries, creating a need for voice recognition systems that can accurately comprehend and interact in various languages and dialects. This demand spans industries such as customer service, call centers, e-commerce, and hospitality, where multilingual voice recognition enables businesses to offer personalized user experiences, enhancing customer satisfaction and engagement. In the travel and tourism industry, voice-enabled technologies play a vital role in serving international travelers. Multilingual voice recognition systems assist travelers with tasks like language translation, navigation, and local recommendations, improving the convenience and accessibility of their travel experiences. Airports, hotels, and tourist attractions leverage multilingual voice recognition for services like informational assistance, ticketing, and guest support, leading to improved efficiency and customer service quality. , Furthermore, in households with members who speak different languages, multilingual voice recognition systems provide seamless interactions with smart home devices. These systems understand and respond to voice commands in various languages, allowing each household member to communicate with the devices in their preferred language. This feature enhances the user experience and convenience, driving the adoption of far-field voice-controlled smart home devices. Leading voice assistants like Amazon’s Alexa and Google Assistant have already recognized the importance of multilingual capabilities. For example, Alexa supports multiple languages, including English, Spanish, French, German, Italian, Japanese, and more, while Google Assistant offers support for over 30 languages. By enabling users to interact with these voice assistants in their native languages, these companies have expanded their user base in the fields of the voice recognition solutions industry. As the global market increasingly embraces voice-controlled technologies, the demand for accurate and versatile multilingual voice recognition systems will continue to rise. Companies that invest in research and development to enhance language understanding and accent recognition will be well-positioned to seize this market opportunity. By offering seamless and personalized voice interactions in multiple languages, far-field speech and voice recognition systems can tap into new customer segments and expand their market presence in diverse regions worldwide. , Challenge: Power issues and lack of standardization , The widespread adoption of far-field voice recognition in mobile devices faces obstacles due to the high power consumption of sophisticated microphones, powerful processors, and constant connection and listening capabilities. As a result, most voice-activated devices need to remain plugged in at all times. This limitation hinders the broader acceptance of this technology. Additionally, smart speaker manufacturers lack a common standardization in implementing measures to address legal and encryption concerns related to voice recognition, particularly in preventing intruder hacking. , There are speculations that many smart device manufacturers are hesitant to adopt speech recognition platforms from third-party vendors as using trigger phrases like “Ok Google” or “Alexa” could diminish their brand power. Another significant challenge in the speech and voice recognition industry is the absence of a standardized platform for developing customized products in this field. This poses a major issue for small companies that lack both a standard platform and the necessary capital. Consequently, it becomes challenging for these companies to create and market products, applications, and solutions in the far-field speech and voice recognition market. , Digital Signal Processors segment to hold larger market share during the forecast period. , In 2022, the digital signal processors segment accounted for the larger share of the far-field speech and voice recognition market. The market growth for digital signal processors in the far-field speech and voice recognition market is attributed to the increasing demand for low-power and energy-efficient processors. With the rising adoption of battery-powered devices such as wearable devices, smart speakers, and smart home devices, there is a growing need for processors that can operate on low power while still providing high performance. This has led to the development of digital signal processors with specialized architectures optimized for low-power operation, which in turn has driven the growth of the digital signal processors segment. , Circular arrays segment account for the largest share of the far-field speech and voice recognition market for during the forecast period. , In 2022, the Circular arrays segment held the largest share of the far-field speech and voice recognition market. The demand for circular array microphones is expected to rise in the coming years, owing to their ability to capture audio from a full 360-degree range. This makes them an ideal solution for large conference rooms, event spaces, and other settings where participants may be situated across a wide area. Advancements in microphone technology and manufacturing processes are expected to reduce the cost of circular array microphones, making them more affordable and accessible to a wider range of industries and applications. With the growing adoption of video conferencing and other remote communication technologies in businesses and organizations, the need for high-quality far-field speech recognition technology that can capture audio from multiple directions is expected to increase, thereby boosting the demand for circular array microphones. , Robotics application to exhibit highest growth in terms of far-field speech and voice recognition market during the forecast period. , The robotics application segment is expected to account for the highest growth of the far-field speech and voice recognition market. Far-field speech and voice recognition technology have become essential in the development of household robotics. Household robots are becoming more popular as consumers seek ways to automate routine tasks and improve their quality of life. Far-field speech and voice recognition technology can significantly enhance the capabilities of household robots, making them more intuitive and user-friendly. With advancements in AI and natural language processing (NLP), the accuracy and efficiency of far-field speech and voice recognition technology have improved significantly, thus fueling market growth. In September 2022, iRobot Corporation (US) launched the Roomba Combo j7+, an advanced robotic vacuum and mop. iRobot has also released the iRobot OS 5.0 updates, which enhance the voice and personalization control of the j7 Series robots throughout the entire product range. With the new iRobot OS 5.0, the Roomba Combo j7+ can recognize and respond to around 600 voice commands. Such proactive product launches will fuel the segment growth of the robotics application. , Far-field speech and voice recognition market in Asia Pacific estimated to grow at the fastest rate during the forecast period. , The far-field speech and voice recognition market,in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The market is driven by its large population and high adoption of smart devices, leading to rapid market expansion. Countries such as China, India, Japan, and South Korea are leading the way, subject to language diversity, increased penetration of smart home technology products, and booming e-commerce. The market is witnessing several investments in AI and natural language processing (NLP) technologies to enable accurate multilingual voice recognition and localization. Key players are focusing on developing voice-enabled applications, smart home devices, and voice-based customer service solutions to cater to the diverse needs of the region. With its thriving technology ecosystem and fast-paced digital transformation, Asia Pacific is poised to be a major market for far-field speech and voice recognition technologies. , Recent Developments , In February 2023, Infineon Technologies AG (Germany) launched the PDM microphone with low power consumption. Owing to its ultra-low power consumption, it is used in applications such as wireless earbuds, over-ear headsets, and hearing enhancement devices. , In January 2023, HARMAN International (US) launched Sound and Vibration Sensor and External Microphone products at CES 2023. These advanced solutions enhance in-vehicle and exterior audio experiences, offering safety and communication improvements, including far-field speech and voice recognition capabilities. , In May 2022, Infineon Technologies AG (Germany) launched XENSIV MEMS microphones which are used for consumer electronics headphones with active noise cancellation (ANC), TWS earbuds, conference devices with beamforming capability, laptops, tablets, or smart speakers with voice user interfaces. , KEY MARKET SEGMENTS, By Component: , Microphones , Digital Signal Processors , Software , By Microphone Solution: , Single Microphone , Linear Arrays , Circular Arrays , By Application: , Smart TV/STB , Smart Speakers , Automotive , Robotics , Others (Smart Light, Smart Thermostat, Smart Fridge, Smart Washing Machine, Smart Camera, Smart Coffee Makers, Smart Locks, Voice Activated Kiosks, and Smart Appliances) , By Region: , North America , US , Canada , Mexico , Europe , Germany , UK , France , Italy , Rest of Europe , Asia Pacific , China , India , Japan , South Korea , Rest of Asia Pacific , Rest of the World (RoW) , South America , Middle East & Africa, KEY MARKET PLAYERS , Qualcomm Incorporated , HARMAN International , Synaptics Incorporated , NXP Semiconductors , STMicroelectronics , Andrea Electronics , Cirrus Logic , Microchip Technology Inc. , Infineon Technologies AG , Knowles Corporation (US).

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