According to Gen Consulting Company, the global far-field voice and speech recognition market size is expected to increase from USD 2,189 million in 2021 to USD 7,225 million by 2028, garnering a CAGR of 18.6% over the evaluated period.
This industry report offers market estimates of the global market, followed by a detailed analysis of the component, microphone type, application, and region. The global market data on far-field voice and speech recognition can be segmented by component: microphone array, digital signal processors (DSPs), software. Among these, the microphone array segment was accounted for the highest revenue generator in 2021. Far-field voice and speech recognition market is further segmented by microphone type: linear arrays, circular arrays, single microphone. The linear arrays segment is estimated to account for the largest share of the global far-field voice and speech recognition market. Based on application, the far-field voice and speech recognition market is segmented into: smart speakers, automotive, smart TVs, robotics, others. The smart speakers segment held the largest share of the global far-field voice and speech recognition market in 2021 and is anticipated to hold its share during the forecast period. On the basis of region, the far-field voice and speech recognition market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). In 2021, North America made up the largest share of revenue generated by the far-field voice and speech recognition market.
The global far-field voice and speech recognition market is highly competitive. Some of the leading companies operating in the market are Andrea Electronics Corporation, Cirrus Logic Inc., DSP Group Inc. (Synaptics Incorporated), Harman International Industries Inc, Knowles Corporation, Microsemi Corporation, Qualcomm Inc., Sensory Inc., STMicroelectronics N.V., Synaptics Inc., Texas Instruments Inc.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 18.6% |
| Pages | 22 |
| Key Players | Andrea Electronics Corporation, Cirrus Logic Inc., DSP Group Inc. (Synaptics Incorporated), Harman International Industries Inc, Knowles Corporation, Microsemi Corporation, Qualcomm Inc., Sensory Inc., STMicroelectronics N.V., Synaptics Inc., Texas Instruments Inc. |
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