The overall far-field speech and voice recognition market is expected to reach USD 3,505 million by 2024 from USD 969 million in 2018, growing 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 control–based smart speakers.

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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. This indicates that enormous voice information would be made available for learning and predicting natural speech. 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.

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, Harman’s 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.

Americas is likely to continue to hold the largest market share during the forecast period
The penetration of smart home applications, such as smart speakers, in North America, 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 to develop new and advanced products. Key players, such as Amazon, Google, Apple, and Bose, offering smart speakers are based in the US, leveraging their huge customer base and neural networks to leverage the far-field speech and voice recognition capabilities with their smart speaker products in this region. Additionally, the penetration of smart devices in the region is also fueling the demand for the far-field speech and voice recognition market.

Key Market Players
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) are a few major players in the speech and voice recognition market.

Qualcomm is involved in introducing new products and services for voice and data communications. For example, Qualcomm delivers a fully integrated far-field smart audio reference platform for the Amazon Alexa voice service.  The Qualcomm Smart Audio Platform includes 6-microphone far-field voice and supports the development of networked audio devices and premium smart speakers that have Alexa built-in. The kit includes Qualcomm’s Snapdragon APQ8017 applications processor with integrated quad-core ARM Cortex-A53 processor platform, Hexagon DSP, and Wi-Fi+ Bluetooth connectivity. The platform’s voice software also integrates echo-cancellation, noise suppression, and “barge-in” capability, supporting a reliable voice interface in loud or noisy environments even when users are far from smart speakers. Qualcomm’s robust R&D capabilities have contributed to developing a strong patent portfolio. It is also investing in developing other significant technologies used in cellular and certain consumer electronic devices and networks such as audio coding, including EVS (enhanced voice services).

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