Global Far-Field Speech and Voice Recognition Market is valued approximately USD 3.3 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.1% over the forecast period 2023-2030. Far-Field Speech and Voice Recognition refers to the technology and systems designed to accurately capture, interpret, and respond to spoken commands and interactions from a distance. Unlike near-field speech recognition, far-field technology enables voice-based communication in larger spaces and noisy environments, utilizing advanced algorithms, beamforming, and noise cancellation techniques to enhance speech recognition accuracy and enable hands-free control of devices and applications. The market drivers boosting the market growth are increasing demand for Voice-Activated devices and growing demand of Virtual Assistants and Voice-Enabled AI.
According to Statista, by 2024, the global number of digital voice assistants is projected to exceed 8.4 billion units, surpassing the world's population, indicating widespread adoption and integration of voice-enabled technologies. Virtual assistants, such as Amazon Alexa, Google Assistant, and Apple Siri, have become integral parts of consumers' daily lives. Far-field speech and voice recognition technology enable accurate and efficient voice interactions with these virtual assistants, driving their widespread adoption and integration into various devices and applications. Moreover, advancements in noise cancellation algorithms and Natural Language Processing (NLP) may create abundant opportunities for the market. However, the lack of standardization along with the high threat to privacy and security stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Far-Field Speech and Voice Recognition Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the strong presence of key market players, high consumer adoption of voice-activated devices, and significant investments in research and development. Additionally, North America's advanced infrastructure, favorable regulatory environment, and technological advancements contribute to its leadership in the market. However, Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as rapid adoption of voice-activated devices, increasing smartphone penetration, and growing investments in artificial intelligence and natural language processing technologies.
Major market player included in this report are:
- Qualcomm, Inc.
- STMicroelectronics N.V.
- Harman International
- Synaptics Incorporated
- Knowles Corporation
- NXP Semiconductors
- Andrea Electronics
- Microchip Technology Inc.
- Infineon Technologies AG
- Cirrus Logic Inc.
Recent Developments in the Market:
- In February 2023, Infineon Technologies AG launched a low-power PDM microphone, specifically designed for applications like wireless earbuds, over-ear headsets, and hearing enhancement devices. The microphone's ultra-low power consumption makes it an ideal choice for these applications, providing efficient and high-performance audio capture.
- In January 2023, HARMAN International, a leading audio and connected technologies company, announced the launch of its Sound and Vibration Sensor and External Microphone products at CES 2023. These innovative offerings are designed to enhance audio quality and enable precise sound detection and measurement in various applications.
Global Far-Field Speech and Voice Recognition Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Component, Microphone Solution, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Component:
- Microphones
- Digital Signal Processor
- Software
By Microphone Solution:
- Single Microphone
- Linear Arrays
- Circular Arrays
By Application:
- Smart TV/STB
- Smart Speakers
- Automotive
- Robotics
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Far-Field Speech and Voice Recognition Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Far-Field Speech and Voice Recognition Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. Far-Field Speech and Voice Recognition Market, by Microphone Solution, 2020-2030 (USD Billion)
- 1.2.4. Far-Field Speech and Voice Recognition Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Far-Field Speech and Voice Recognition Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Far-Field Speech and Voice Recognition Market Dynamics
- 3.1. Far-Field Speech and Voice Recognition Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for Voice-Activated devices
- 3.1.1.2. Growing demand of Virtual Assistants and Voice-Enabled AI
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of Standardization
- 3.1.2.2. High threat to privacy and security
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements in noise cancellation algorithms
- 3.1.3.2. Advancements in Natural Language Processing (NLP)
Chapter 4. Global Far-Field Speech and Voice Recognition Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Far-Field Speech and Voice Recognition Market, by Component
- 5.1. Market Snapshot
- 5.2. Global Far-Field Speech and Voice Recognition Market by Component, Performance - Potential Analysis
- 5.3. Global Far-Field Speech and Voice Recognition Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
- 5.4. Far-Field Speech and Voice Recognition Market, Sub Segment Analysis
- 5.4.1. Microphones
- 5.4.2. Digital Signal Processor
- 5.4.3. Software
Chapter 6. Global Far-Field Speech and Voice Recognition Market, by Microphone Solution
- 6.1. Market Snapshot
- 6.2. Global Far-Field Speech and Voice Recognition Market by Microphone Solution, Performance - Potential Analysis
- 6.3. Global Far-Field Speech and Voice Recognition Market Estimates & Forecasts by Microphone Solution 2020-2030 (USD Billion)
- 6.4. Far-Field Speech and Voice Recognition Market, Sub Segment Analysis
- 6.4.1. Single Microphone
- 6.4.2. Linear Arrays
- 6.4.3. Circular Arrays
Chapter 7. Global Far-Field Speech and Voice Recognition Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Far-Field Speech and Voice Recognition Market by Application, Performance - Potential Analysis
- 7.3. Global Far-Field Speech and Voice Recognition Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Far-Field Speech and Voice Recognition Market, Sub Segment Analysis
- 7.4.1. Smart TV/STB
- 7.4.2. Smart Speakers
- 7.4.3. Automotive
- 7.4.4. Robotics
- 7.4.5. Others
Chapter 8. Global Far-Field Speech and Voice Recognition Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Far-Field Speech and Voice Recognition Market, Regional Market Snapshot
- 8.4. North America Far-Field Speech and Voice Recognition Market
- 8.4.1. U.S. Far-Field Speech and Voice Recognition Market
- 8.4.1.1. Component breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Microphone Solution breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Far-Field Speech and Voice Recognition Market
- 8.5. Europe Far-Field Speech and Voice Recognition Market Snapshot
- 8.5.1. U.K. Far-Field Speech and Voice Recognition Market
- 8.5.2. Germany Far-Field Speech and Voice Recognition Market
- 8.5.3. France Far-Field Speech and Voice Recognition Market
- 8.5.4. Spain Far-Field Speech and Voice Recognition Market
- 8.5.5. Italy Far-Field Speech and Voice Recognition Market
- 8.5.6. Rest of Europe Far-Field Speech and Voice Recognition Market
- 8.6. Asia-Pacific Far-Field Speech and Voice Recognition Market Snapshot
- 8.6.1. China Far-Field Speech and Voice Recognition Market
- 8.6.2. India Far-Field Speech and Voice Recognition Market
- 8.6.3. Japan Far-Field Speech and Voice Recognition Market
- 8.6.4. Australia Far-Field Speech and Voice Recognition Market
- 8.6.5. South Korea Far-Field Speech and Voice Recognition Market
- 8.6.6. Rest of Asia Pacific Far-Field Speech and Voice Recognition Market
- 8.7. Latin America Far-Field Speech and Voice Recognition Market Snapshot
- 8.7.1. Brazil Far-Field Speech and Voice Recognition Market
- 8.7.2. Mexico Far-Field Speech and Voice Recognition Market
- 8.8. Middle East & Africa Far-Field Speech and Voice Recognition Market
- 8.8.1. Saudi Arabia Far-Field Speech and Voice Recognition Market
- 8.8.2. South Africa Far-Field Speech and Voice Recognition Market
- 8.8.3. Rest of Middle East & Africa Far-Field Speech and Voice Recognition Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Qualcomm, Inc.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. STMicroelectronics N.V.
- 9.3.3. Harman International
- 9.3.4. Synaptics Incorporated
- 9.3.5. Knowles Corporation
- 9.3.6. NXP Semiconductors
- 9.3.7. Andrea Electronics
- 9.3.8. Microchip Technology Inc.
- 9.3.9. Infineon Technologies AG
- 9.3.10. Cirrus Logic Inc.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption