Far-Field Speech and Voice Recognition Market

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in Far-Field Speech and Voice Recognition Market
    4.2 Market, By Application (Million Units)
    4.3 Market, By Component (USD Million)
    4.4 Far-Field Speech and Voice Recognition, By Microphone Solution (Million Units)
    4.5 Market (USD Million)
    4.6 Market, By Geography (USD Million)

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Impact of Front-End Hardware Components on the Accuracy of Speech and Voice Recognition
                    5.2.1.2 Growth in Voice Control–Based Smart Speakers
                    5.2.1.3 Technical Advancement of Deep-Learning-Based Far-Field Microphones
           5.2.2 Restraints
                    5.2.2.1 Growing Privacy Threat From Voice Enabled Smart Home Devices
                    5.2.2.2 Lack of Accuracy in Far-Field Speech and Voice Recognition Systems in Noisy and Harsh Environments
           5.2.3 Opportunities
                    5.2.3.1 Deployment of Far-Field Speech and Voice Recognition in Smart Home Devices
                    5.2.3.2 Application of Speech and Voice Recognition in Service Robotics
           5.2.4 Challenges
                    5.2.4.1 Lack of Standardization and Power Issues

6 Market, By Component (Page No. - 43)
    6.1 Introduction
    6.2 Microphones
           6.2.1 Microphones is Expected to Account for the Largest Market Size Throughout the Forecast Period
    6.3 Digital Signal Processors (DSP)
           6.3.1 DSP Improves the Accuracy and Reliability in the Field of Digital Communication By Reducing Noise and Distortion With the Help of Relevant Signal Processing Techniques and Algorithms
    6.4 Software
           6.4.1 Software Segment is Expected to Witness Highest Growth During the Forecast Period

7 Market, By Microphone Solution (Page No. - 51)
    7.1 Introduction
    7.2 Single Microphone
           7.2.1 Smart Cameras, Smart Fridge, and Smart Light are Some of the Major Applications for Single Microphones
    7.3 Linear Arrays
           7.3.1 Linear Arrays Expected to Hold the Largest Size of Market During the Forecast Period
    7.4 Circular Arrays
           7.4.1 Circular Arrays Offer A 360-Degree Coverage for the Angle of Arrival of the Speaker.

8 Far-Filed Speech and Voice Recognition, By Application (Page No. - 56)
    8.1 Introduction
    8.2 Automotive
           8.2.1 With Integrated Far-Field Speech and Voice Recognition, Automotive Oems are Also Able to Provide Customizable Infotainment Systems With Smart Integration of Context, History, and Driver Preferences
    8.3 Smart TV/STB
           8.3.1 Chinese Smart TV Manufacturers are the Early Movers in This Smart TV/STB Application of Far-Field Speech and Voice Recognition.
    8.4 Smart Speakers
           8.4.1 Increasing Need to Enhance Consumer Convenience is Fueling the Demand for Far-Field Based Smart Speakers, Especially in Smart Homes.
    8.5 Robotics
           8.5.1 Seamless Two-Way Communications Between Human Beings and Robots are Expected to Be the Next Major Revolution in the Coming Few Years.
    8.6 Others

9 Market, By Geography (Page No. - 72)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 High Adoption of Smart Devices With Advanced Technologies Such as IoT and AI Drives the Market for Market in the Us
           9.2.2 Canada
                    9.2.2.1 Continuous Research on Nlp and Machine Learning Across Research Institutions and Universities in Canada are Expected to Drive the Growth of the Market
           9.2.3 Mexico
                    9.2.3.1 Increasing Market for Electronic and Automotive Application Provides Opportunities for the Growth of the Market
    9.3 Europe
           9.3.1 UK
                    9.3.1.1 Growing Demand for In-Vehicle Connectivity is Propelling the Market for Far-Field Speech and Voice Recognition.
           9.3.2 Germany
                    9.3.2.1 Greater Dependence on AI and Cognitive Technologies in Enterprises
           9.3.3 France
                    9.3.3.1 Increasing Demand for Smart Audio Products for Home Entertainment Applications
           9.3.4 Italy
                    9.3.4.1 Increasing Demand for Enhancing Driving Experience, and Comfort and Convenience in Luxury Vehicles are Driving the Growth of the Market
           9.3.5 Rest of Europe
                    9.3.5.1 Strong Sales Figures for Smart Devices are Expected to Generate Demand for Smart Home Devices
    9.4 APAC
           9.4.1 Japan
                    9.4.1.1 Consumer Electronics, Finance, and Healthcare are Some of the Major Applications Driving the Growth of the Speech and Voice Recognition Industry
           9.4.2 China
                    9.4.2.1 Demand for Smart Devices Enabled With AI is Expected to Be the Major Driver for the Industry.
           9.4.3 South Korea
                    9.4.3.1 Rising Technological Advancements and Tech-Savvy Population, are Expected to Drive the Market in the Country in the Coming Years.
           9.4.4 Rest of APAC
                    9.4.4.1 Increasing Internet Penetration, Growing Use of Smartphones, and Increasing Consumer Spending Power Will Likely Drive Market
    9.5 RoW
           9.5.1 South America
                    9.5.1.1 Smart Home and Consumer Applications Will Propel the Market in South America
           9.5.2 Middle East & Africa
                    9.5.2.1 The Market for Smart Home and Automotive Applications is Expected to Witness Growth in Saudi Arabia in the Coming Years

10 Competitive Landscape (Page No. - 94)
     10.1 Introduction
     10.2 Market Ranking Analysis: Far-Field Speech & Voice Recognition Market
     10.3 Competitive Situations and Trends
             10.3.1 Product Launches and Developments
             10.3.2 Partnerships and Collaborations
             10.3.3 Acquisitions
     10.4 Competitive Leadership Mapping
             10.4.1 Visionary Leaders
             10.4.2 Dynamic Differentiators
             10.4.3 Innovators
             10.4.4 Emerging Companies
     10.5 Strength of Product Portfolio
     10.6 Business Strategy Excellence

11 Company Profiles (Page No. - 102)
(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*
     11.1 Key Players
             11.1.1 Synaptics
             11.1.2 Texas Instruments
             11.1.3 Andrea Electronics
             11.1.4 Cirrus Logic
             11.1.5 Microsemi
             11.1.6 DSP Group
             11.1.7 Qualcomm
             11.1.8 Sensory
             11.1.9 Stmicroelectronics
             11.1.10 Harman
     11.2 Other Companies
             11.2.1 Meeami Technologies
             11.2.2 Alango
             11.2.3 XMOS
             11.2.4 Mightyworks
             11.2.5 Matrix Labs
             11.2.6 Fortemedia
             11.2.7 Retune-DSP
             11.2.8 Knowles
             11.2.9 Vocal Technologies
             11.2.10 Vesper Technologies

*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.

12 Appendix (Page No. - 133)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details

List of Tables (63 Tables)

Table 1 Market, By Component, 2016– 2024 (Million Units)
Table 2 Market, By Component, 2016–2024 (USD Million)
Table 3 Microphones Far-Field Speech and Voice Recognition Market, By Region, 2016–2024 (USD Million)
Table 4 Microphone Far-Field Speech and Voice Recognition Market, By Application, 2016–2024 (USD Million)
Table 5 DSP/Processors Far-Field Speech and Voice Recognition Market, By Region, 2016–2024 (USD Million)
Table 6 DSP/Processors Far-Field Speech and Voice Recognition Market, By Application, 2016–2024 (USD Million)
Table 7 Software Far-Field Speech and Voice Recognition Market, By Region, 2016–2024 (USD Million)
Table 8 Software Far-Field Speech & Voice Recognition Market, By Application, 2016–2024 (USD Million)
Table 9 Market, By Microphone Solution, 2016–2024 (Million Units)
Table 10 Market, By Microphone Solution, 2016–2024 (USD Million)
Table 11 Market for Single Microphone Market, By Region, 2016–2024 (Million Units)
Table 12 Market for Linear Microphone Market, By Region, 2016–2024 (USD Million)
Table 13 Market for Circular Microphone Market, By Region, 2016–2024 (USD Million)
Table 14 Market, By Application, 2016–2024 (Million Units)
Table 15 Market, By Application, 2016–2024 (USD Million)
Table 16 Automotive Far-Field Speech & Voice Recognition Market, By Component, 2016–2024 (Million Units)
Table 17 Automotive Far-Field Speech & Voice Recognition Market, By Component, 2016–2024 (USD Million)
Table 18 Automotive Far-Field Speech & Voice Recognition Market, By Region, 2016–2024 (Million Units)
Table 19 Automotive Far-Field Speech & Voice Recognition Market, By Region, 2016–2024 (USD Million)
Table 20 Smart TV/STB Far-Field Speech & Voice Recognition Market, By Component, 2016–2024 (Million Units)
Table 21 Smart TV/STB Far-Field Speech & Voice Recognition Market, By Component, 2016–2024 (USD Million)
Table 22 Smart TV/STB Far-Field Speech & Voice Recognition Market, By Region, 2016–2024 (Million Units)
Table 23 Smart TV/STB Far-Field Speech & Voice Recognition Market, By Region, 2016–2024 (USD Million)
Table 24 Smart Speaker Far-Field Speech & Voice Recognition Market, By Component, 2016–2024 (Million Units)
Table 25 Smart Speaker Far-Field Speech & Voice Recognition Market, By Component, 2016–2024 (USD Million)
Table 26 Smart Speaker Far-Field Speech & Voice Recognition Market, By Region, 2016–2024 (Million Units)
Table 27 Smart Speaker Far-Field Speech & Voice Recognition Market, By Region, 2016–2024 (USD Million)
Table 28 Robotics Far-Field Speech & Voice Recognition Market, By Component, 2016–2024 (Million Units)
Table 29 Robotics Far-Field Speech & Voice Recognition Market, By Component, 2016–2024 (USD Million)
Table 30 Robotics Far-Field Speech & Voice Recognition Market, By Region, 2016–2024 (Million Units)
Table 31 Robotics Far-Field Speech & Voice Recognition Market, By Region, 2016–2024 (USD Million)
Table 32 Other Market, By Component, 2016–2024 (Million Units)
Table 33 Other Market, By Component, 2016–2024 (USD Million)
Table 34 Others Market, By Region, 2016–2024 (Million Units)
Table 35 Others Market, By Region, 2016–2024 (USD Million)
Table 36 Market, By Region, 2016–2024 (USD Million)
Table 37 Market in North America, By Country, 2016–2024 (USD Million)
Table 38 Market in North America, By Application, 2016–2024 (USD Million)
Table 39 Market in North America, By Application, 2016–2024 (Million Units)
Table 40 Market in North America, By Microphone Solution, 2016–2024 (USD Million)
Table 41 Market in North America, By Component, 2016–2024 (Million Units)
Table 42 Market in North America, By Component, 2016–2024 (USD Million)
Table 43 Market in Europe, By Country, 2016–2024 (USD Million)
Table 44 Market in Europe, By Application, 2016–2024 (USD Million)
Table 45 Market in Europe, By Application, 2016–2024 (Million Units)
Table 46 Market in Europe, By Microphone Solution, 2016–2024 (USD Million)
Table 47 Market in Europe, By Component, 2016–2024 (Million Units)
Table 48 Market in Europe, By Component, 2016–2024 (USD Million)
Table 49 Market in APAC, By Country, 2016–2024 (USD Million)
Table 50 Market in APAC, By Application, 2016–2024 (USD Million)
Table 51 Market in APAC, By Application, 2016–2024 (Million Units)
Table 52 Market in APAC, By Microphone Type, 2016–2024 (USD Million)
Table 53 Market in APAC, By Component, 2016–2024 (Million Units)
Table 54 Market in APAC, By Component, 2016–2024 (USD Million)
Table 55 Market in RoW, By Country, 2016–2024 (USD Million)
Table 56 Market in RoW, By Application, 2016–2024 (USD Million)
Table 57 Market in RoW, By Application, 2016–2024 (Million Units)
Table 58 Market in RoW, By Microphone Solution, 2016–2024 (USD Million)
Table 59 Market in RoW, By Component, 2016–2024 (Million Units)
Table 60 Market in RoW, By Component, 2016–2024 (USD Million)
Table 61 Product Launches and Developments (2016–2018)
Table 62 Partnerships and Collaborations (2015–2018)
Table 63 Acquisitions, 2017

List of Figures (42 Figures)

Figure 1 Market: Process Flow of Market Size Estimation
Figure 2 Market: Research Design
Figure 3 Data Triangulation Methodology
Figure 4 Market Growth in Terms of Value and Volume (2016–2024)
Figure 5 Microphones to Hold Larger Share of Market During Forecast Period
Figure 6 Smart Speakers to Hold the Largest Size of the Market, in Terms of Value, During the Forecast Period
Figure 7 Linear Arrays Expected to Account for the Largest Market Size During the Forecast Period
Figure 8 Market in North America to Hold the Largest Share in 2017
Figure 9 Market in RoW to Grow at the Highest CAGR From 2018 to 2024
Figure 10 Smart Speaker to Hold the Largest Size of Market During Forecast Period
Figure 11 Microphones to Hold the Largest Size of Market During the Forecast Period
Figure 12 Linear Arrays to Hold Largest Share of Market in 2024
Figure 13 US to Hold Largest Share of Market in North America in 2018
Figure 14 Market in the Middle East & Africa to Grow at the Highest CAGR During the Forecast Period
Figure 15 Growing Impact of Front-End Hardware Components on the Accuracy of Speech and Voice Recognition Driving the Market
Figure 16 Amazon’s Alexa Skill Set Increased Around 6 Times in A Span of 4 Months
Figure 17 Far-Field Speech and Voice Recognition System Architecture
Figure 18 North America to Account for Largest Size of Far-Field Speech and Voice Recognition for Microphones Market By 2024
Figure 19 Smart Speaker Market to Hold Largest Size of Market for DSP/ Processors During the Forecast Period
Figure 20 Software Market, By Region, 2016–2024 (USD Million)
Figure 21 Single Microphone Expected to Witness Highest CAGR Between 2018 and 2024
Figure 22 RoW Expected to Grow at Highest CAGR for Linear Microphone Solution Market During the Forecast Period
Figure 23 Microphones Expected to Witness Higher CAGR for Automotive Far-Field Speech & Voice Recognition Market Between 2018 and 2024
Figure 24 APAC Expected to Hold the Largest Size of Smart TV/STB Far-Field Speech & Voice Recognition Market
Figure 25 Smart Speaker Far-Field Speech and Voice Recognition Market, By Component (USD Million)
Figure 26 Software Expected to Witness the Highest Growth of Robotics Far Far-Field Speech and Voice Recognition Market During the Forecast Period
Figure 27 North America to Hold the Largest Size of Others Far-Field Speech & Voice Recognition Market in 2018
Figure 28 Geographic Snapshot: Far-Field Speech & Voice Recognition Market in RoW Expected to Grow at the Highest CAGR During the Forecast Period
Figure 29 North America: Far-Field Speech & Voice Recognition Market Snapshot
Figure 30 Europe: Far-Field Speech & Voice Recognition Market Snapshot
Figure 31 APAC: Far-Field Speech & Voice Recognition Market Snapshot
Figure 32 Key Growth Strategies Adopted By Top Companies, 2015–2018
Figure 33 Market Ranking of the Top 5 Players in the Far-Field Speech & Voice Recognition Market, 2017
Figure 34 Market (Global) Competitive Leadership Mapping, 2017
Figure 35 Synaptics: Company Snapshot
Figure 36 Texas Instruments: Company Snapshots
Figure 37 Andrea Electronics: Company Snapshot
Figure 38 Cirrus Logic: Company Snapshot
Figure 39 Microsemi: Company Snapshot
Figure 40 DSP Group: Company Snapshot
Figure 41 Qualcomm: Company Snapshot
Figure 42 Stmicroelectronics: Company Snapshot

The study involved 4 major activities for estimating the current market size of the far-field speech and voice recognition market. An exhaustive secondary research was done to collect information on the market, as well as its peer and parent markets. The next step was validating these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include Institute of Electrical and Electronics Engineers, International Conference on Acoustics, Speech, and Signal Processing, Journals, press releases, and financials of companies; white papers; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources from the supply side include industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the far-field speech and voice recognition market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to gather information, as well as verify and validate the critical numbers arrived at.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the far-field speech and voice recognition market and other dependent submarkets listed in this report.

• Key players in the industry and markets have been identified through extensive secondary research.
• The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends identified from both demand and supply sides, in different verticals. Along with this, the market size has been validated using both top-down and bottom-up approaches.

The following are the major objectives of the study.

• To define, describe, and forecast the far-field speech and voice recognition market, in terms of value and volume, segmented on the basis of components, microphone solutions, applications, and geography
• To forecast the market size, in terms of value and volume, for various segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To provide detailed information and analysis of major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
• To provide a detailed overview of the value chain of the ecosystem of the far-field speech and voice recognition market
• To analyze opportunities in the market for stakeholders by identifying high-growth segments of the far-field speech and voice recognition market
• To strategically profile key players and comprehensively analyze their market positions in terms of ranking and core competencies,2 along with detailing the competitive landscape for market leaders
• To analyze growth strategies such as product launches and developments, acquisitions, expansions, and agreements adopted by major players in the far-field speech and voice recognition market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:

• Market size for 2021 and 2023 for component, application, microphone solution, and geography
• Detailed analysis and profiling of additional market players (up to 5)