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Far-Field Speech and Voice Recognition Market by Component (Microphones, Digital Signal Processors, Software), Microphone Solutions (Single Microphone, Linear Arrays, Circular Arrays), Application and Geography - Global Forecast to 2028

June 2023 | 243 pages | ID: F7BC02C9804EN
MarketsandMarkets

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The far-field speech and voice recognition market is projected to grow from USD 3.7 billion in 2023 and is projected to reach USD 6.9 billion by 2028; it is expected to grow at a CAGR of 13.1% from 2023 to 2028.

Increasing adoption of voice control-based smart speakers, enhanced accuracy through advanced front-end hardware, and technical advancement of deep-learning-based far-field microphones are the factors expected to fuel the growth of the far-field speech and voice recognition market.

“Microphones segment of the far-field speech and voice recognition market to witness highest growth during the forecast period.”

By component, the far-field speech and voice recognition market has been segmented into microphones, digital signal processors, and software. The microphones segment is expected to grow at the highest CAGR during the forecast period. Far-field microphones equipped with advanced noise-cancellation and beamforming technology can enhance the precision of voice recognition systems, leading to better performance even in environments with high levels of noise and over longer distances. This has resulted in a growing demand for high-quality microphones that can capture voice commands from across the room, as they have been integrated into various smart devices such as smart speakers, soundbars, and smart TVs. This trend has created a new market for high-end microphones, allowing individuals to easily control their devices and enhance their overall experience.

“Automotive application segment to witness significant growth for far-field speech and voice recognition market during the forecast period.” The growth of the far-field speech and voice recognition market in the automotive industry is driven by several factors. These include the increasing demand for connected cars, the need for safer driving, and the convenience of hands-free communication. Advancements in natural language processing and machine learning are making it possible for automotive systems to accurately recognize and respond to spoken commands, further driving the growth of the market. As a result, major players in the automotive industry are investing heavily in the development of far-field speech and voice recognition technology, driving innovation, and creating new growth opportunities.

“North America to hold a major market share of the far-field speech and voice recognition market during the forecast period” North America is expected to hold a major market share for far-field speech and voice recognition market during the forecast period. The region has been highly responsive to the integration of the latest technologies, such as artificial intelligence (AI) and the Internet of Things (IoT). The North American far-field speech and voice recognition market is primarily driven by the increased adoption of AI software and large-scale deployment of neural networks across various end-use verticals, including consumer electronics and automotive. In consumer electronics, smart speakers are among the key application areas of the far-field speech and voice recognition market. The growing popularity of connected and smart devices boosts the growth of the smart speaker market in this region. According to a National Public Radio (NPR) (US) survey, 35% of Americans own a smart speaker as of 2022. In 2021, 32% of US adults owned a smart speaker. This significant increase in smart speakers across North America will fuel market opportunities in the region.

Extensive primary interviews were conducted with key industry experts in the far-field speech and voice recognition market space to determine and verify the market size for various segments and subsegments gathered through secondary research. The break-up of primary participants for the report has been shown below:

The report profiles key players in the far-field speech and voice recognition market with their respective market ranking analysis. Prominent players profiled in this report are Qualcomm Incorporated (US), HARMAN International (US), Synaptics Incorporated (US), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Andrea Electronics (US), Cirrus Logic (US), Microchip Technology Inc. (US), Infineon Technologies AG (Germany) and Knowles Corporation (US).

Apart from this, Analog Devices, Inc. (US), Sensory, Inc. (US), Meeami Technologies (India), TDK Corporation (Japan), Vocal Technologies (US), Vesper Technologies (US), Alango Technologies Ltd. (Israel), MediaTek Inc. (Taiwan), CEVA, Inc. (US), Fortemedia, Inc. (US), XMOS (UK) are among a few emerging companies in the far-field speech and voice recognition market.

Research Coverage: This research report categorizes the far-field speech and voice recognition market on the basis of component, microphone solution, application, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the far-field speech and voice recognition market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the far-field speech and voice recognition ecosystem.

Key Benefits of Buying the Report The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall far-field speech and voice recognition market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
  • Analysis of key drivers (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), restraints (Privacy threats, and Lack of accuracy in noisy and harsh environments), opportunities (Expanding into multilingual and global markets, Deployment in smart home devices, and Increasing application in service robotics), and challenges (Power issues and lack of standardization) influencing the growth of the far-field speech and voice recognition market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the far-field speech and voice recognition market.
  • Market Development: Comprehensive information about lucrative markets – the report analysis the far-field speech and voice recognition market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the far-field speech and voice recognition market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Qualcomm Incorporated (US), HARMAN International (US), Synaptics Incorporated (US), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), among others in the far-field speech and voice recognition market.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
  1.4.1 MARKETS COVERED
FIGURE 1 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET SEGMENTATION
  1.4.2 REGIONS COVERED
  1.4.3 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 RECESSION ANALYSIS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 2 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: RESEARCH DESIGN
  2.1.1 SECONDARY DATA
    2.1.1.1 Key secondary sources
    2.1.1.2 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Primary interviews with experts
    2.1.2.2 Breakdown of primary interviews
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.1.2.3 Key data from primary sources
  2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE OF MARKET PLAYERS
  2.2.1 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
    2.2.1.1 Approach for capturing market size using bottom-up analysis (demand side)
  2.2.2 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.2.2.1 Approach for capturing market size using top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 8 RESEARCH ASSUMPTIONS
2.5 RECESSION IMPACT ANALYSIS
2.6 RISK ASSESSMENT
TABLE 1 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: RISK ASSESSMENT
2.7 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY

3.1 RECESSION ANALYSIS
FIGURE 9 GDP GROWTH PROJECTIONS TILL 2023 FOR MAJOR ECONOMIES
FIGURE 10 RECESSION IMPACT ON FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, 2019–2028 (USD MILLION)
FIGURE 11 DIGITAL SIGNAL PROCESSORS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 12 CIRCULAR ARRAYS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 13 SMART SPEAKERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 14 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

4.1 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET OVERVIEW
FIGURE 15 INCREASING ADOPTION OF VIRTUAL ASSISTANTS AND SMART SPEAKERS TO BOOST MARKET DURING FORECAST PERIOD
4.2 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT
FIGURE 16 DIGITAL SIGNAL PROCESSORS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.3 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY MICROPHONE SOLUTION AND APPLICATION
FIGURE 17 CIRCULAR ARRAYS AND SMART SPEAKERS TO HOLD LARGEST MARKET SHARES IN 2023
4.4 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION
FIGURE 18 NORTH AMERICA TO HAVE LARGEST SHARE OF FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN 2023
4.5 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY
FIGURE 19 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2023 TO 2028

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  5.2.1 DRIVERS
    5.2.1.1 Enhanced accuracy through advanced front-end hardware
    5.2.1.2 Increasing adoption of voice control-based smart speakers
    5.2.1.3 Technological advancement of deep learning-based far-field microphones
FIGURE 21 DRIVERS FOR FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET AND THEIR IMPACT
  5.2.2 RESTRAINTS
    5.2.2.1 Privacy threats
    5.2.2.2 Lack of accuracy in noisy and harsh environments
FIGURE 22 RESTRAINTS FOR FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET AND THEIR IMPACT
  5.2.3 OPPORTUNITIES
    5.2.3.1 Expansion into multilingual and global markets
    5.2.3.2 Deployment in smart home devices
    5.2.3.3 Increasing application in service robotics
FIGURE 23 OPPORTUNITIES FOR GLOBAL FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET AND THEIR IMPACT
  5.2.4 CHALLENGES
    5.2.4.1 Power issues and lack of standardization
FIGURE 24 CHALLENGES FOR FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET AND THEIR IMPACT
5.3 TECHNOLOGY ANALYSIS
  5.3.1 NEURAL NETWORK-BASED SPEECH RECOGNITION
  5.3.2 ACOUSTIC ECHO CANCELLATION (AEC)
  5.3.3 BEAMFORMING AND MICROPHONE ARRAYS
5.4 VALUE CHAIN ANALYSIS
FIGURE 25 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
FIGURE 26 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: ECOSYSTEM ANALYSIS
TABLE 2 FAR-FILED SPEECH AND VOICE RECOGNITION MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 27 TRENDS/DISRUPTIONS IN FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET
5.7 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: PORTER’S FIVE FORCES ANALYSIS
  5.7.1 INTENSITY OF COMPETITIVE RIVALRY
  5.7.2 BARGAINING POWER OF SUPPLIERS
  5.7.3 BARGAINING POWER OF BUYERS
  5.7.4 THREAT OF SUBSTITUTES
  5.7.5 THREAT OF NEW ENTRANTS
5.8 AVERAGE SELLING PRICE ANALYSIS
FIGURE 28 AVERAGE SELLING PRICE ANALYSIS OF FAR-FIELD MICROPHONES OFFERED BY MARKET PLAYERS FOR TOP THREE APPLICATIONS
TABLE 4 AVERAGE SELLING PRICE ANALYSIS OF FAR-FIELD MICROPHONES BY MARKET PLAYERS FOR TOP THREE APPLICATIONS
FIGURE 29 AVERAGE SELLING PRICE ANALYSIS OF FAR-FIELD DSP/PROCESSORS OFFERED BY MARKET PLAYERS FOR TOP THREE APPLICATIONS
TABLE 5 AVERAGE SELLING PRICE ANALYSIS OF FAR-FIELD DSP/PROCESSORS BY MARKET PLAYERS FOR TOP THREE APPLICATIONS
5.9 CASE STUDY ANALYSIS
  5.9.1 USE CASE 1: ARKX LABORATORIES ENABLED ROBUST FAR-FIELD VOICE CONTROL IN CHALLENGING ENVIRONMENTS
  5.9.2 USE CASE 2: ARKX AFE ENHANCED VOICE INTERACTION IN SELF-SERVICE KIOSKS
  5.9.3 USE CASE 3: ALEXA HELPED HAWAII PACIFIC HEALTH TO ENHANCE PATIENT EXPERIENCE THROUGH QUERY RESOLUTION
5.10 TRADE ANALYSIS
FIGURE 30 IMPORT DATA FOR HS CODE 851810, BY COUNTRY, 2018–2022
FIGURE 31 EXPORT DATA FOR HS CODE 851810, BY COUNTRY, 2018–2022
FIGURE 32 IMPORT DATA FOR HS CODE 854231, BY COUNTRY, 2018–2022
FIGURE 33 EXPORT DATA FOR HS CODE 854231, BY COUNTRY, 2018–2022
5.11 PATENT ANALYSIS
FIGURE 34 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022
FIGURE 35 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 6 LIST OF TOP PATENT OWNERS IN LAST 10 YEARS
  5.11.1 LIST OF MAJOR PATENTS
TABLE 7 LIST OF MAJOR PATENTS
5.12 KEY CONFERENCES AND EVENTS IN 2023–2024
TABLE 8 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: KEY CONFERENCES AND EVENTS
5.13 TARIFF ANALYSIS
TABLE 9 MFN TARIFF FOR HS CODE 851810 EXPORTED BY US
TABLE 10 MFN TARIFF FOR HS CODE 851810 EXPORTED BY CHINA
TABLE 11 MFN TARIFF FOR HS CODE 854231 EXPORTED BY US
TABLE 12 MFN TARIFF FOR HS CODE 854231 EXPORTED BY CHINA
5.14 STANDARDS AND REGULATORY LANDSCAPE
  5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  5.14.2 REGULATORY STANDARDS
    5.14.2.1 ISO/IEC 19794-2
    5.14.2.2 ISO/IEC 30107
    5.14.2.3 Federal Information Processing Standards
    5.14.2.4 European Telecommunications Standards Institute
    5.14.2.5 ANSI/CTA-2082
    5.14.2.6 EU RED Directive
  5.14.3 GOVERNMENT REGULATIONS
    5.14.3.1 US
    5.14.3.2 European Union
    5.14.3.3 China
    5.14.3.4 Japan
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
  5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
  5.15.2 BUYING CRITERIA
FIGURE 37 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 18 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS

6 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT

6.1 INTRODUCTION
FIGURE 38 DIGITAL SIGNAL PROCESSORS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 19 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (MILLION UNITS)
TABLE 20 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (MILLION UNITS)
TABLE 21 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 22 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
6.2 MICROPHONES
  6.2.1 RISING DEMAND FOR VOICE-CONTROLLED DEVICES TO FUEL MARKET
FIGURE 39 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET FOR MICROPHONES DURING FORECAST PERIOD
TABLE 23 MICROPHONES: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 24 MICROPHONES: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 25 MICROPHONES: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 26 MICROPHONES: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
6.3 DIGITAL SIGNAL PROCESSORS
  6.3.1 DEMAND FOR IMPROVED ACCURACY AND RELIABILITY IN DIGITAL COMMUNICATION TO DRIVE MARKET
FIGURE 40 NORTH AMERICA TO LEAD MARKET FOR DIGITAL SIGNAL PROCESSORS DURING FORECAST PERIOD
TABLE 27 DIGITAL SIGNAL PROCESSORS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 28 DIGITAL SIGNAL PROCESSORS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 29 DIGITAL SIGNAL PROCESSORS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 30 DIGITAL SIGNAL PROCESSORS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
6.4 SOFTWARE
  6.4.1 CONTINUOUS ADVANCEMENTS IN AI, ML, AND SIGNAL PROCESSING TO ACCELERATE MARKET GROWTH
FIGURE 41 NORTH AMERICA TO DOMINATE FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET IN SOFTWARE SEGMENT DURING FORECAST PERIOD
TABLE 31 SOFTWARE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 32 SOFTWARE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 33 SOFTWARE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 34 SOFTWARE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

7 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY MICROPHONE SOLUTION

7.1 INTRODUCTION
FIGURE 42 CIRCULAR ARRAYS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
TABLE 35 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY MICROPHONE SOLUTION, 2019–2022 (MILLION UNITS)
TABLE 36 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY MICROPHONE SOLUTION, 2023–2028 (MILLION UNITS)
TABLE 37 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY MICROPHONE SOLUTION, 2019–2022 (USD MILLION)
TABLE 38 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY MICROPHONE SOLUTION, 2023–2028 (USD MILLION)
7.2 SINGLE MICROPHONE
  7.2.1 MAJOR APPLICATIONS IN IOT DEVICES TO DRIVE MARKET
7.3 LINEAR ARRAYS
  7.3.1 DEMAND FOR SOUND LOCALIZATION AND IMPROVED VOICE RECOGNITION TO DRIVE MARKET
7.4 CIRCULAR ARRAYS
  7.4.1 360-DEGREE COVERAGE TO BOOST DEMAND

8 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION

8.1 INTRODUCTION
FIGURE 43 SMART SPEAKERS TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 39 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2019–2022 (MILLION UNITS)
TABLE 40 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)
TABLE 41 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 42 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2 SMART TV/STB
  8.2.1 INCREASING DEMAND FOR HANDS-FREE AND INTUITIVE CONTROL TO FUEL MARKET
TABLE 43 SMART TV/STB: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (MILLION UNITS)
TABLE 44 SMART TV/STB: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (MILLION UNITS)
TABLE 45 SMART TV/STB: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 46 SMART TV/STB: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 47 SMART TV/STB: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (MILLION UNITS)
TABLE 48 SMART TV/STB: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (MILLION UNITS)
TABLE 49 SMART TV/STB: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 50 SMART TV/STB: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 SMART SPEAKERS
  8.3.1 RISING DEMAND FOR VOICE-ENABLED SMART HOME DEVICES TO DRIVE MARKET
TABLE 51 SMART SPEAKERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (MILLION UNITS)
TABLE 52 SMART SPEAKERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (MILLION UNITS)
TABLE 53 SMART SPEAKERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 54 SMART SPEAKERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 55 SMART SPEAKERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (MILLION UNITS)
TABLE 56 SMART SPEAKERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (MILLION UNITS)
TABLE 57 SMART SPEAKERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 58 SMART SPEAKERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)
8.4 AUTOMOTIVE
  8.4.1 RISING DEMAND FOR CONNECTED CARS TO BOOST MARKET
TABLE 59 AUTOMOTIVE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (MILLION UNITS)
TABLE 60 AUTOMOTIVE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (MILLION UNITS)
TABLE 61 AUTOMOTIVE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 62 AUTOMOTIVE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 63 AUTOMOTIVE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (MILLION UNITS)
TABLE 64 AUTOMOTIVE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (MILLION UNITS)
TABLE 65 AUTOMOTIVE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 66 AUTOMOTIVE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)
8.5 ROBOTICS
  8.5.1 ADOPTION OF HOUSEHOLD ROBOTS TO DRIVE DEMAND
TABLE 67 ROBOTICS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (MILLION UNITS)
TABLE 68 ROBOTICS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (MILLION UNITS)
TABLE 69 ROBOTICS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 70 ROBOTICS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 71 ROBOTICS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (MILLION UNITS)
TABLE 72 ROBOTICS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (MILLION UNITS)
TABLE 73 ROBOTICS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 74 ROBOTICS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)
8.6 OTHERS
TABLE 75 OTHERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (MILLION UNITS)
TABLE 76 OTHERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (MILLION UNITS)
TABLE 77 OTHERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 78 OTHERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 79 OTHERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (MILLION UNITS)
TABLE 80 OTHERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (MILLION UNITS)
TABLE 81 OTHERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 82 OTHERS: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)

9 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION

9.1 INTRODUCTION
FIGURE 44 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 83 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (MILLION UNITS)
TABLE 84 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (MILLION UNITS)
TABLE 85 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 86 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)
9.2 NORTH AMERICA
  9.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 45 NORTH AMERICA: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET SNAPSHOT
FIGURE 46 US TO DOMINATE NORTH AMERICAN MARKET DURING FORECAST PERIOD
TABLE 87 NORTH AMERICA: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 88 NORTH AMERICA: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 89 NORTH AMERICA: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 90 NORTH AMERICA: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 91 NORTH AMERICA: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 92 NORTH AMERICA: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  9.2.2 US
    9.2.2.1 Improved focus on voice-enabled applications for automotive, healthcare, and retail sectors to fuel demand
  9.2.3 CANADA
    9.2.3.1 Technological advancements in AI and ML to drive market
  9.2.4 MEXICO
    9.2.4.1 Development of voice recognition systems tailored to local language, accents, and cultural preferences to propel market
9.3 EUROPE
  9.3.1 EUROPE: RECESSION IMPACT
FIGURE 47 EUROPE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET SNAPSHOT
FIGURE 48 GERMANY TO DOMINATE EUROPEAN MARKET DURING FORECAST PERIOD
TABLE 93 EUROPE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 94 EUROPE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 95 EUROPE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 96 EUROPE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 97 EUROPE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 98 EUROPE: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  9.3.2 GERMANY
    9.3.2.1 High demand for voice-controlled devices to propel market
  9.3.3 UK
    9.3.3.1 Rising penetration of voice-controlled smart TV in domestic households to augment market growth
  9.3.4 FRANCE
    9.3.4.1 Increasing adoption of voice-enabled devices to boost market
  9.3.5 ITALY
    9.3.5.1 Integration of voice recognition in vehicles by luxury auto brands to drive market
  9.3.6 REST OF EUROPE
9.4 ASIA PACIFIC
  9.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 49 ASIA PACIFIC: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET SNAPSHOT
FIGURE 50 CHINA TO DOMINATE ASIA PACIFIC MARKET DURING FORECAST PERIOD
TABLE 99 ASIA PACIFIC: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 100 ASIA PACIFIC: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 101 ASIA PACIFIC: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 102 ASIA PACIFIC: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 103 ASIA PACIFIC: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 104 ASIA PACIFIC: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  9.4.2 CHINA
    9.4.2.1 Robust presence of key market players to support market
  9.4.3 INDIA
    9.4.3.1 Increased prevalence of mobile and Internet users to expand market growth
  9.4.4 JAPAN
    9.4.4.1 Rapid deployment of AI into innovative robotic devices to fuel market
  9.4.5 SOUTH KOREA
    9.4.5.1 Technological innovations and tax incentives to provide impetus to market growth
  9.4.6 REST OF ASIA PACIFIC
9.5 ROW
  9.5.1 ROW: RECESSION IMPACT
TABLE 105 ROW: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 106 ROW: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 107 ROW: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 108 ROW: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 109 ROW: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 110 ROW: FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  9.5.2 SOUTH AMERICA
    9.5.2.1 Smart home and consumer applications to spur market growth
  9.5.3 MIDDLE EAST & AFRICA
    9.5.3.1 Strong focus on digital transformation to contribute to market growth

10 COMPETITIVE LANDSCAPE

10.1 OVERVIEW
  10.1.1 KEY GROWTH STRATEGIES ADOPTED BY LEADING PLAYERS IN FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET
TABLE 111 KEY GROWTH STRATEGIES ADOPTED BY LEADING PLAYERS IN FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET
10.2 REVENUE ANALYSIS
FIGURE 51 REVENUE ANALYSIS OF TOP 5 COMPANIES IN FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, 2020–2022
10.3 MARKET SHARE ANALYSIS (2022)
TABLE 112 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: DEGREE OF COMPETITION
10.4 COMPANY EVALUATION MATRIX
  10.4.1 STARS
  10.4.2 EMERGING LEADERS
  10.4.3 PERVASIVE PLAYERS
  10.4.4 PARTICIPANTS
FIGURE 52 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET, COMPANY EVALUATION MATRIX, 2022
10.5 STARTUP/SME EVALUATION MATRIX
TABLE 113 STARTUPS IN FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET
  10.5.1 PROGRESSIVE COMPANIES
  10.5.2 RESPONSIVE COMPANIES
  10.5.3 DYNAMIC COMPANIES
  10.5.4 STARTING BLOCKS
FIGURE 53 STARTUP/SME EVALUATION MATRIX, 2022
TABLE 114 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: LIST OF KEY STARTUPS
10.6 COMPETITIVE BENCHMARKING
TABLE 115 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SME
10.7 FAR-FIELD SPEECH AND VOICE RECOGNITION MARKET: COMPANY FOOTPRINT
TABLE 116 COMPANY FOOTPRINT
TABLE 117 COMPANY COMPONENT FOOTPRINT
TABLE 118 COMPANY MICROPHONE SOLUTION FOOTPRINT
TABLE 119 COMPANY APPLICATION FOOTPRINT
TABLE 120 COMPANY REGIONAL FOOTPRINT
10.8 COMPETITIVE SCENARIOS AND TRENDS
  10.8.1 PRODUCT LAUNCHES
TABLE 121 PRODUCT LAUNCHES, 2019–2023
  10.8.2 DEALS
TABLE 122 DEALS, 2020–2023

11 COMPANY PROFILES

(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
11.1 KEY PLAYERS
  11.1.1 QUALCOMM INCORPORATED
TABLE 123 QUALCOMM INCORPORATED: COMPANY OVERVIEW
FIGURE 54 QUALCOMM INCORPORATED: COMPANY SNAPSHOT
TABLE 124 QUALCOMM INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 125 QUALCOMM INCORPORATED: PRODUCT LAUNCHES
TABLE 126 QUALCOMM INCORPORATED: DEALS
  11.1.2 HARMAN INTERNATIONAL
TABLE 127 HARMAN INTERNATIONAL: COMPANY OVERVIEW
FIGURE 55 HARMAN INTERNATIONAL: COMPANY SNAPSHOT
TABLE 128 HARMAN INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 129 HARMAN INTERNATIONAL: PRODUCT LAUNCHES
TABLE 130 HARMAN INTERNATIONAL: DEALS
  11.1.3 STMICROELECTRONICS
TABLE 131 STMICROELECTRONICS: COMPANY OVERVIEW
FIGURE 56 STMICROELECTRONICS: COMPANY SNAPSHOT
TABLE 132 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 133 STMICROELECTRONICS: PRODUCT LAUNCHES
TABLE 134 STMICROELECTRONICS: DEALS
  11.1.4 SYNAPTICS INCORPORATED
TABLE 135 SYNAPTICS INCORPORATED: COMPANY OVERVIEW
FIGURE 57 SYNAPTICS INCORPORATED: COMPANY SNAPSHOT
TABLE 136 SYNAPTICS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 137 SYNAPTICS INCORPORATED: DEALS
  11.1.5 NXP SEMICONDUCTORS
TABLE 138 NXP SEMICONDUCTORS: COMPANY OVERVIEW
FIGURE 58 NXP SEMICONDUCTORS: COMPANY SNAPSHOT
TABLE 139 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 140 NXP SEMICONDUCTORS: PRODUCT LAUNCHES
TABLE 141 NXP SEMICONDUCTORS: DEALS
  11.1.6 KNOWLES CORPORATION
TABLE 142 KNOWLES CORPORATION: COMPANY OVERVIEW
FIGURE 59 KNOWLES CORPORATION: COMPANY SNAPSHOT
TABLE 143 KNOWLES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 144 KNOWLES CORPORATION: PRODUCT LAUNCHES
TABLE 145 KNOWLES CORPORATION: DEALS
  11.1.7 ANDREA ELECTRONICS
TABLE 146 ANDREA ELECTRONICS: COMPANY OVERVIEW
FIGURE 60 ANDREA ELECTRONICS: COMPANY SNAPSHOT
TABLE 147 ANDREA ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 148 ANDREA ELECTRONICS: PRODUCT LAUNCHES
TABLE 149 ANDREA ELECTRONICS: DEALS
  11.1.8 CIRRUS LOGIC
TABLE 150 CIRRUS LOGIC: COMPANY OVERVIEW
FIGURE 61 CIRRUS LOGIC: COMPANY SNAPSHOT
TABLE 151 CIRRUS LOGIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 152 CIRRUS LOGIC: PRODUCT LAUNCHES
TABLE 153 CIRRUS LOGIC: DEALS
  11.1.9 MICROCHIP TECHNOLOGY INC.
TABLE 154 MICROCHIP TECHNOLOGY INC.: COMPANY OVERVIEW
FIGURE 62 MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT
TABLE 155 MICROCHIP TECHNOLOGY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 156 MICROCHIP TECHNOLOGY INC.: PRODUCT LAUNCHES
TABLE 157 MICROCHIP TECHNOLOGY INC.: DEALS
TABLE 158 MICROCHIP TECHNOLOGY INC.: OTHERS
  11.1.10 INFINEON TECHNOLOGIES AG
TABLE 159 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW
FIGURE 63 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
TABLE 160 INFINEON TECHNOLOGIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 161 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES
TABLE 162 INFINEON TECHNOLOGIES AG: DEALS
TABLE 163 INFINEON TECHNOLOGIES AG: OTHERS
11.2 OTHER PLAYERS
  11.2.1 ANALOG DEVICES, INC.
  11.2.2 SENSORY INC.
  11.2.3 MEEAMI TECHNOLOGIES
  11.2.4 TDK CORPORATION
  11.2.5 VOCAL TECHNOLOGIES
  11.2.6 VESPER TECHNOLOGIES, INC.
  11.2.7 ALANGO TECHNOLOGIES LTD.
  11.2.8 MEDIATEK INC.
  11.2.9 CEVA, INC.
  11.2.10 FORTEMEDIA, INC.
  11.2.11 XMOS
  11.2.12 MATRIX
  11.2.13 ADAPTIVE DIGITAL TECHNOLOGIES
  11.2.14 GOERTEK
  11.2.15 SENSIBEL
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, , MNM view might not be captured in case of unlisted companies.

12 APPENDIX

12.1 DISCUSSION GUIDE
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 CUSTOMIZATION OPTIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS


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