The Worldwide Far-Field Speech and Voice Recognition Market is Projected to reach USD 9 Billion by 2030, at a CAGR of 13.8%

Far-Field Speech and Voice Recognition Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Far-Field Speech and Voice Recognition Market size is expected to reach $9 billion by 2030, rising at a market growth of 13.8% CAGR during the forecast period.

The Digital Signal Processors segment is leading the Global Far-Field Speech and Voice Recognition Market by Offering in 2022 thereby, achieving a market value of $4.2 billion by 2030. The rise in demand for low-power and energy-efficient processors drives the market expansion for digital signal processors in the far-field speech and voice recognition market. Due to the growing popularity of battery-powered products like wearables, smart speakers, and smart home appliances, there is an increasing need for CPUs that can run on minimal power while still delivering excellent performance.

The Smart TV/STB segment has shown a growth rate of 13.6% during (2023 - 2030). Video on demand (VOD), internet protocol television (IPTV), and social media access are only a few of the features that smart TVs and STBs, which are more popular, provide, are said to be responsible for the increase. More and more applications, including voice-activated search features and remote-control capability, are adopting advanced speech recognition technology because it improves processing accuracy for audio signals.

The North America market dominated the Global Far-Field Speech and Voice Recognition Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.1 billion by 2030. The Europe market is exhibiting a CAGR of 13.6% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 14.8% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/far-field-speech-and-voice-recognition-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Andrea Electronics Corporation, Qualcomm, Inc., Cirrus Logic, Inc., Knowles Corporation, Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Infineon Technologies AG, Microchip Technology Incorporated, NXP Semiconductors N.V., STMicroelectronics N.V. and Synaptics Incorporated

Global Far-Field Speech and Voice Recognition Market Segmentation

By Offering

• Digital Signal Processors
• Microphone
  • Circular Arrays
  • Single Arrays
  • Single Microphone
• Software

By Application

• Smart Speakers
• Smart TV/STB
• Automotive
• Robotics
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Andrea Electronics Corporation
• Qualcomm, Inc.
• Cirrus Logic, Inc.
• Knowles Corporation
• Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
• Infineon Technologies AG
• Microchip Technology Incorporated
• NXP Semiconductors N.V.
• STMicroelectronics N.V.
• Synaptics Incorporated

Related Reports:

North America Far-Field Speech and Voice Recognition Market Size, 2030

• June-2023
• 107 Pages

LAMEA Far-Field Speech and Voice Recognition Market Size, 2030

• June-2023
• 117 Pages

Europe Far-Field Speech and Voice Recognition Market Size, 2030

• June-2023
• 118 Pages

Asia Pacific Far-Field Speech and Voice Recognition Market Size, 2030

• June-2023
• 118 Pages