Far-Field Speech and Voice Recognition Market

Far-Field Speech and Voice Recognition Companies -Qualcomm Incorporated (US) and HARMAN International (US) are the Key Players

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.

The growth of the far-field speech and voice recognition market is driven by technical advancement of deep-learning-based far-field microphones, and increasing adoption of voice control-based smart speakers.

Key strategies adopted by the players in the far-field speech and voice recognition market ecosystem to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches, collaborations, partnerships and acquisitions.

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For instance, in March 2023, Microchip Technology Inc. (US) partnered with Cartesiam (France), Edge Impulse (US) and Motion Gestures (Canada) to simplify the machine learning implementation using ARM Cortex-based 32-bit micro-controllers and microprocessors in its MPLAB X Integrated Development Environment (IDE). This partnership will help Microchip to achieve development in data gathering, besides enabling improvements in its AI-based voice processing and speech recognition technology.

In September 2022, Qualcomm Incorporated (US) collaborated with Bose Corporation (US) to offer its voice recognition technology and music platform. Bose will incorporate its S5 Audio SoC which will enable Bose audio products with robust connectivity, low power, advanced processing, and seamless sound experiences.

Qualcomm Incorporated:

Qualcomm Incorporated (US) held a major share of the far-field speech and voice recognition market in 2022. It is a global technology company that designs and develops advanced mobile communication technologies and platforms. Its products and technologies are widely used in mobile devices and wireless products across a variety of industries, including automotive, telecommunications, consumer electronics, retail, and energy and utilities. The company’s innovations have contributed to the proliferation of smartphones and cellular-embedded devices. Qualcomm Incorporated has research and development facilities across the US, India, China, the UK, France, the Netherlands, Ukraine, Austria, and Vietnam. The company invests a significant portion of its revenue in research and development activities, i.e., 18.5% in FY2022. It has a strong portfolio of inventions, including over 140,000 granted and pending patents across more than 100 countries and jurisdictions. The company has a presence in North America, South America, Asia Pacific, Europe, the Middle East, and Africa.

HARMAN International:

HARMAN International (US), is a renowned global company specializing in connected technologies and audio solutions. The company serves various sectors, including automotive, consumer electronics, and professional. In the automotive field, the company offers a wide range of connected car solutions, such as audio systems, infotainment platforms, and advanced driver assistance systems. The company also provides far-field speech and voice recognition technologies for seamless voice control within vehicles. Its software offerings include cloud-based services and connectivity solutions that enhance the driving experience. The company has a global presence, operating in regions including North America, Europe, Asia Pacific, and Latin America. A wide geographical reach enables the company to serve customers and collaborate with partners worldwide.

Related Reports:

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

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Far-Field Speech and Voice Recognition Market Size,  Share & Growth Report
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SE 7000
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