Global Far-Field Speech and Voice Recognition Market By Component (Microphones, DSP/Processors, Software), By Application (Smart TV/STB, Smart Speakers, Automotive, Robotics), By Offering (Single Microphone, Linear Microphone, Circular Microphone), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Far-field speech and voice recognition refers to a technology that is used in machines to allow individuals to communicate with them using their own language. These devices use a microphone array to distinguish the user’s voice, and generally have a coverage range of 1-10 meters, even in noisy environments.

Detailed Segmentation –

The global far-field speech and voice recognition market is segmented on the basis of – Component, Application, Solution, and Region. The detailed segmental description is represented below:

Based on Component:

• Microphones
• DSP/Processors
• Software

Based on Application:

• Smart TV/STB
• Smart Speakers
• Automotive
• Robotics
• Other Applications

Based on Offering:

• Single Microphone
• Linear Microphone
• Circular Microphone

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics –

Drivers for the Global Far-Field Speech and Voice Recognition Market:

The increasing impact of front-end hardware components necessary to maintain the accuracy of speech and voice recognition programs, as well as to be able to enable the inclusion of technological advancements in deep-learning-based far-field microphones, are elements expected to propel the far-field speech and voice recognition industry forward.

The growing popularity of voice-controlled smart speakers, as well as this technology’s importance to speech communications, as it aims to allow smart devices to recognize distant individual speech are crucial factors that are influencing this industry.

Moreover, the use of this technology in a variety of settings, including smart home products, meeting transcriptions, and onboard navigation, as well as its use to collect speech signals with the help of microphones for far-field speech recognition is also expected to have a profound influence on this market.

Additionally, research & development activities, the adoption of advanced technologies, and a significant surge in investments are also factors that will help augment this target market in the years to come.

Restraints for the Global Far-Field Speech and Voice Recognition Market:

The growing threat of privacy invasion through voice-enabled smart home devices, as well as the lack of accuracy in far-field speech and voice recognition systems, in loud or noisy surroundings, are elements projected to potentially restrain this market’s economic growth. Moreover, concerns about the risks to privacy posed by voice-activated smart home gadgets have been found to be on the rise. These factors are anticipated to negatively impact this target market.

Opportunities for the Global Far-Field Speech and Voice Recognition Market:

Far-field speech and voice recognition technology being implemented in the field of service robotics, as well as in smart home devices, are now gradually becoming more frequent. This increase in adoption and implementation rates is a major factors that is expected to aid in augmenting this target market further.

Competitive Landscape –

Key players in this market 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)
• Knowles (US)
• others

Key developments –

2021:

• Texas Instruments (TI)has announced the use of Amazon FreeRTOS with its SimpleLink Microcontroller (MCU) platform, allowing developers to connect Internet of Things (IoT) endpoints to the cloud in a fast and secure manner.
• A power-efficient, voice-detecting, voice-processing microphone has been launched by STMicroelectronics N.V., DSP Group Inc., and Sensory Inc. STMicroelectronics N.V.’s innovative packaging technology is used to provide keyword recognition capabilities in a smaller-sized package.
• Harman teamed up with Conexant Systems, a company that specializes in audio and voice technology. This partnership aims to provide the makers of voice-enabled products with end-to-end voice and audio solutions. Harman will be able to employ Conexant’s voice processing capabilities to provide a better user-experience through automated voice recognition systems as a result of this partnership.

For the Far-Field Speech and Voice Recognition Market research study, the following years have been considered to estimate the market size: