Far-field Speech and Voice recognition Market Trends, Opportunities, and Forecast by 2031

MARKET INTRODUCTION

Far-field speech recognition is a technology for speech interactions which aims to enable smart devices to recognize distant human speech (usually 1m-10m). This technology is used in smart home appliances (smart loudspeaker, smart TV), meeting transcription and onboard navigation. The microphone array is also used to collect speech signals for far-field speech recognition.

MARKET DYNAMICS

The far-field speech and voice recognition market is influenced by driving factors such as growing impact of front-end hardware components on the accuracy of speech and voice recognition and growth in voice control-based smart speakers. However, lack of standardization and power issues are impacting negatively on the growth of this market in the current market scenario.

MARKET SCOPE

The "Global Far field speech and voice recognition market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductors industry with a special focus on the global Far field speech and voice recognition market trend analysis. The report aims to provide an overview of the Far field speech and voice recognition market with detailed market segmentation by component, application and microphone solutions. The global Far field speech and voice recognition market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Far field speech and voice recognition market players and offers key trends and opportunities in the Far field speech and voice recognition market.

MARKET SEGMENTATION

The global Far field speech and voice recognition market is segmented on the basis of component, application and microphone solutions. Based on component the market is segmented as microphones, digital signal processors and software. On basis of application the market is segmented smart TV/STB, smart speakers, automotive and robotics. On the basis of microphone solution the market is segmented as single microphone, linear arrays and circular arrays.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Far field speech and voice recognition market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Far field speech and voice recognition market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Far field speech and voice recognition market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Far field speech and voice recognition market in these regions.

MARKET PLAYERS

The reports cover key developments in the Far field speech and voice recognition market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Far field speech and voice recognition market are anticipated to lucrative growth opportunities in the future with the rising demand for Far field speech and voice recognition in the global market. Below mentioned is the list of few companies engaged in the Far field speech and voice recognition market.

The report also includes the profiles of key Far field speech and voice recognition companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

• Alango Technologies Ltd.
• Andrea Electronics.
• Cirrus Logic, Inc.
• DSP GROUP
• HARMAN International.
• MATRIX
• Qualcomm Technologies, Inc.
• Rochester Electronics
• Synaptics Incorporated.
• VOCAL Technologies

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Far-field Speech and Voice recognition Report Scope