Dublin, April 15, 2019 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.

The far-field speech and voice recognition market was valued at USD 614.5 million in 2017 and is expected to reach USD 3.50 billion by 2024 in terms of value, at a CAGR of 23.89% from 2018 to 2024.

Far-field speech and voice recognition is the ability to interact with a machine using natural human language from a distance ranging from 1 to 10 m. Far-field speech recognition system is used to recognize the user voice in a noisy environment based on speaker localization using a microphone array. In this system, multiple microphones are arranged in circular and/or linear space. The speaker location is first estimated by the direction of arrival method, then noise cancelation and beamforming technologies are applied to separate target speech signals from noise.

Growing impact of front-end hardware components on the accuracy of speech and voice recognition and growth in voice control-based smart speakers are few major factors driving the growth of this market. Challenge faced by players in the market includes lack of standardization and power issues.

Some of the major players in this market include Synaptics (US), Texas Instruments (US), Qualcomm (US), Sensory (US), STMicroelectronics (Switzerland), Harman (US), Andrea Electronics (US), Cirrus Logic (US), Microsemi (US), and DSP Group (US).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Far-Field Speech and Voice Recognition Market
4.2 Far-Field Speech and Voice Recognition Market, By Application (Million Units)
4.3 Far-Field Speech and Voice Recognition Market, By Component (USD Million)
4.4 Far-Field Speech and Voice Recognition, By Microphone Solutions (Million Units)
4.5 Far-Field Speech and Voice Recognition Market (USD Million)
4.6 Far-Field Speech and Voice Recognition Market, By Geography (USD Million)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Impact of Front-End Hardware Components on the Accuracy of Speech and Voice Recognition
5.2.1.2 Growth in Voice Control-Based Smart Speakers
5.2.1.3 Technical Advancement of Deep-Learning-Based Far-Field Microphones
5.2.2 Restraints
5.2.2.1 Growing Privacy Threat From Voice Enabled Smart Home Devices
5.2.2.2 Lack of Accuracy in Far-Field Speech and Voice Recognition Systems in Noisy and Harsh Environments
5.2.3 Opportunities
5.2.3.1 Deployment of Far-Field Speech and Voice Recognition in Smart Home Devices
5.2.3.2 Application of Speech and Voice Recognition in Service Robotics
5.2.4 Challenges
5.2.4.1 Lack of Standardization and Power Issues

6 Market, By Component
6.1 Introduction
6.2 Microphones
6.2.1 Microphones is Expected to Account for the Largest Market Size Throughout the Forecast Period
6.3 Digital Signal Processors (DSP)
6.3.1 DSP Improves the Accuracy and Reliability in the Field of Digital Communication By Reducing Noise and Distortion With the Help of Relevant Signal Processing Techniques and Algorithms
6.4 Software
6.4.1 Software Segment is Expected to Witness Highest Growth During the Forecast Period

7 Market, By Microphone Solution
7.1 Introduction
7.2 Single Microphone
7.2.1 Smart Cameras, Smart Fridge, and Smart Light are Some of the Major Applications for Single Microphones
7.3 Linear Arrays
7.3.1 Linear Arrays Expected to Hold the Largest Size of Far-Field Speech and Voice Recognition Market During the Forecast Period
7.4 Circular Arrays
7.4.1 Circular Arrays Offer A 360-Degree Coverage for the Angle of Arrival of the Speaker.

8 Far-Filed Speech and Voice Recognition, By Application
8.1 Introduction
8.2 Automotive
8.2.1 With Integrated Far-Field Speech and Voice Recognition, Automotive Oems are Also Able to Provide Customizable Infotainment Systems With Smart Integration of Context, History, and Driver Preferences
8.3 Smart TV/STB
8.3.1 Chinese Smart TV Manufacturers are the Early Movers in This Smart TV/STB Application of Far-Field Speech and Voice Recognition.
8.4 Smart Speakers
8.4.1 Increasing Need to Enhance Consumer Convenience is Fueling the Demand for Far-Field Based Smart Speakers, Especially in Smart Homes.
8.5 Robotics
8.5.1 Seamless Two-Way Communications Between Human Beings and Robots are Expected to Be the Next Major Revolution in the Coming Few Years.
8.6 Others

9 Market, By Geography

10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis: Far-Field Speech & Voice Recognition Market
10.3 Competitive Situations and Trends
10.4 Competitive Leadership Mapping
10.5 Strength of Product Portfolio
10.6 Business Strategy Excellence

11 Company Profiles
11.1 Key Players
11.1.1 Synaptics
11.1.2 Texas Instruments
11.1.3 Andrea Electronics
11.1.4 Cirrus Logic
11.1.5 Microsemi
11.1.6 DSP Group
11.1.7 Qualcomm
11.1.8 Sensory
11.1.9 Stmicroelectronics
11.1.10 Harman
11.2 Other Companies
11.2.1 Meeami Technologies
11.2.2 Alango
11.2.3 Xmos
11.2.4 Mightyworks
11.2.5 Matrix Labs
11.2.6 Fortemedia
11.2.7 Retune-DSP
11.2.8 Knowles
11.2.9 Vocal Technologies
11.2.10 Vesper Technologies

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Related Topics: Audio Equipment, Biometrics