The Global Far-Field Speech and Voice Recognition Market is Expected to Grow at a CAGR of 24% by 2026

According to a market report by Lucintel, the future of the far-field speech and voice recognition market looks promising with opportunities in the smart TV/STB, smart speaker, automotive, and robotics application segments. The global far-field speech and voice recognition market is expected to grow with a CAGR of 24% from 2021 to 2026. The major drivers for this market are growing demand for voice controlled smart speakers, technological upgradation and developments, and increasing impact of front-end hardware components on the accuracy of speech and voice recognition.

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In this market, microphones, DSP/processors, and software are component segments. Microphones will remain the largest component segment due to their usage in form of a linear or circular array to reduce the impact of noise and reverberation from the surrounding environment.

Within the far-field speech and voice recognition market, smart speakers will remain the largest application segment during the forecast period due to the growing market for smart speakers in the developing countries.

North America will remain the largest region during the forecast period due to growing demand for smart home applications, such as smart speakers in the region mainly in the US.

Synaptics, Texas Instruments, Qualcomm, Sensory, STMicroelectronics, Harman, Andrea Electronics, Cirrus Logic, Microsemi, Meeami Technologies, Alango Technologies Ltd., Fortemedia, Inc., DSP Group, and Knowles are among the major far-field speech and voice recognition manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global far-field speech and voice recognition market by component, application, microphone solution, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Far-Field Speech and Voice Recognition Market 2021-2026: Market Size, Trends and Growth Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global far-field speech and voice recognition market by component, application, microphone solution, and region as follows:

By Component [$M shipment analysis for 2015–2026]:

Microphones

DSP/Processors

Software

 

By Application [$M shipment analysis for 2015–2026]:

Smart TV/STB

Smart Speakers

Automotive

Robotics

Others

 

By Microphone Solution [$M shipment analysis for 2015–2026]:

Single Microphones

Linear Microphones

Circular Microphones

 

By Region [$M shipment analysis for 2015–2026]:

North America

United States

Canada

Mexico

 

Europe

Germany

United Kingdom

France

Italy

 

Asia Pacific

China

Japan

India

South Korea

 

The Rest of the World

This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

 

About Lucintel

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