Far-Field Speech and Voice Recognition Market Development Trends and Growth 2024

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MarketsandMarkets Presents
The Far-Field Speech and Voice Recognition 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
controlbased 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.
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MarketsandMarkets Presents
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. 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. Get PDF Brochure _at_
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MarketsandMarkets Presents
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,
Harmans 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.
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MarketsandMarkets Presents
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.
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MarketsandMarkets Presents
Key Players 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). Browse For More Details -
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MarketsandMarkets Presents
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