According to the new market research report "Far-Field Speech and Voice Recognition Market
by Component (Microphones, DSP and Software), Application (Smart
TV/STB, Smart Speakers, Automotive, and Robotics), Microphone Solutions
(Single, Linear, Circular), and Geography - Global Forecast to 2024",
the market is expected to grow from USD 969 million in 2018 to USD
3,505 million by 2024, at a CAGR of 23.89%. The growth of the
far-field speech and voice recognition market can be attributed to the
technical advancement of deep-learning-based far-field microphones,
growing impact of front-end hardware components on the accuracy of
speech and voice recognition, and growth in voice control–based smart
speakers. Moreover, the deployment of far-field speech and voice
recognition in smart home devices and application of speech and voice
recognition in service robotics is expected to create huge growth
opportunities for the far-field speech and voice recognition market.
Far-filed Speech and voice recognition market for others application to grow at the highest rate during the forecast period
Others include Smart Light, Smart Thermostats, Smart
Vacuum Cleaners, Smart Fridge, and Smart Washing Machines. According to
MindMeld, a speech-recognition API provider, 50% of internet searches
are expected to be through voice inputs by 2020. This indicates that
enormous voice information would be made available for learning and
predicting natural speech. Such advancement is expected to lead to
far-field based speech and voice recognition applications for smart home
devices such as smart camera, smart thermostat, smart light, smart
fridge, and smartphones and tablets.
Linear arrays expected to hold the largest size of the far-field speech and voice recognition market during the forecast period
In linear arrays, microphones are arranged or placed
in a straight line consisting of 2 or more microphones. There is an
increase in demand for AI-enabled smart speakers in smart home and smart
office applications. Linear arrays are mainly used in smart speakers,
Smart TVs and STB (set-top box), automotive and home router, home
security device, thermostat, or home appliance and hence hold the major
share in far-field speech and voice recognition market. For example,
Harman’s Sonique three-mic array designed to capture voice inputs at
distances up to 6 m (18 feet) and integrated into music player, TV
set-top box, home router, home security device, thermostat, or home
appliance.
North America is likely to hold largest size of far-field speech and voice recognition market by 2024
North America has been extremely responsive to the
latest technological advancements, such as the integration of artificial
intelligence (AI) and the Internet of things (IoT). The penetration of
smart home applications, such as smart speakers, in North American
countries especially in the US is high owing to the presence of early
adopters and key smart speaker providers. The willingness of customers
to accept and use new technologies has also encouraged manufacturers in
the region to develop new and advanced products. Key players, such as
Amazon, Google, Apple, and Bose, offering smart speakers are based in
the US, leveraging their huge customer base and neural networks to
leverage the far-field speech and voice recognition capabilities with
their smart speaker products in this region.
Major players in the far-field speech and voice
recognition market covered in this report are Synaptics (US), Texas
Instruments (US), Qualcomm (US), Sensory (US), STMicroelectronics
(Switzerland), Harman (US), Andrea Electronics (US), Cirrus Logic (US),
Microsemi (US), DSP Group (US), and Knowles (US).
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