Far-Field Speech and Voice Recognition Market 2019 Gross Margin Analysis, Opportunities, Future Trends, Sales Revenue, Industry Growth Forecast To 2024
Jul 5, 2019
Far-Field Speech and Voice Recognition Market Research Report: By Component (Microphones, Digital Signal Processors, Software), Microphone Solution (Single Microphone, Linear Arrays, Circular Arrays), Application Forecast till 2024
Pune, India - July 5, 2019 /MarketersMedia/ —
Market Overview
According to Market Research Future, the market for far-field speech and voice recognition market has been segmented on the basis of component, microphone solution, application, and region.
Far-Field Speech And Voice Recognition Market technology are used in the machines to enable them to interact with humans in the latter’s language. For the same, the machine includes a microphone array, so that the machine can recognize the voice of the user even in case of noise or distortion. This technology enables machines to detect and recognize a voice within the coverage area of up to 10m.
Technical advancements in far-field speech and voice recognition market microphones, development of components that enhance the accuracy of speech and voice recognition, and growth in the adoption of voice control-based smart speakers such as Alexa and Echo are the key drivers for the market. Therefore, the market players are adopting product launch as the key market strategy to increase their market share. For instance, in March 2019, DSP Concepts, Inc., an embedded audio-processing solution provider, launched a new brand of voice recognition technology—TalkTo—which includes software-based audio front ends for voice-controlled products. It also provides solutions that deliver reliable far-field voice recognition to TV & smart screen even with linear two or four-mic arrays.
Based on component, the market has been segregated into microphones, digital signal processors, and software. The microphone segment is estimated to be the largest during the review period; however, the software segment is expected to register the highest CAGR during the forecast period. The growth is attributed to its benefits, which include higher accuracy and reliability of digital communication in far-field speech and voice recognition market solution.
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Based on microphone solution, the market has been segmented into single microphone, linear arrays, and circular arrays. The linear array segment held the highest market share in 2018 as it is widely used in smart devices such as speakers, smart TVs and set-top boxes, home routers, home security devices, and other similar devices. However, the circular arrays segment is expected to register the highest CAGR during the review period.
Based on application, the market has been segmented into in-vehicle infotainment system, smart TV, smart speakers, robotics, smart thermostats, smart lighting, and others. The smart speaker segment is expected to dominate the global far-field speech and voice recognition market speech and voice recognition market during the forecast period owing to the growing adoption of virtual assistants across devices such as smartphones and tablets in North America and Europe.
Key Players
The prominent players in the far-field speech and voice recognition market are Synaptics Inc. (US), Texas Instruments Inc. (US), Qualcomm Inc. (US), Sensory Inc. (US), STMicroelectronics N.V. (Switzerland), Harman International Industries, Inc. (US), Andrea Electronics Corporation (US), Cirrus Logic Inc. (US), Microsemi Corporation (US), DSP Group, Inc. (US), Knowles Corporation (US), Meeami Technologies, Inc. (US), Alango Technologies Ltd (Israel), Fortemedia, Inc. (US), and VOCAL Technologies, Ltd (US).
Segmentation
By component, the far-field speech and voice recognition market has been bifurcated into microphones, digital signal processors, and software.
By microphone solution, the far-field speech and voice recognition market has been segmented into single microphone, linear arrays, and circular arrays.
By application, the market has been segmented into in-vehicle infotainment system, smart TV, smart speakers, robotics, smart thermostats, smart lighting, and others.
By region, the far-field speech and voice recognition market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
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Regional Analysis
The global far-field speech and voice recognition market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
North America, followed by Europe, is expected to be the largest market in the forecast period owing to a high concentration of market players and easy availability of proficient technical expertise in the region. Also, the end users in the region are the early adopters of advanced field voice recognition technology which further drives the growth of the far-field speech and voice recognition market.
Intended Audience
• Speech recognition companies
• Speech recognition providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Website: https://www.marketresearchfuture.com/reports/far-field-speech-and-voice-recognition-market-7964
Source: MarketersMedia
Release ID: 88892983
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