MarketsandMarkets report, “Far-Field Speech and Voice Recognition Market by Component (Microphones, DSP and Software), Application (Smart TV/STB, Smart Speakers, Automotive, and Robotics), Microphone Solutions (Single, Linear, Circular), and Geography - Global Forecast to 2024”, expects the market to grow from $969 million in 2018 to $3,505 million by 2024, at a CAGR of 23.89%. Growth is 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 control–based 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.
- Far-filed Speech and voice recognition market for others application to grow at the highest rate during the forecast period
- Linear arrays expected to hold the largest size of the far-field speech and voice recognition market during the forecast period
- North America is likely to hold largest size of far-field speech and voice recognition market by 2024
- Major players in the far-field speech and voice recognition market include 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).
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