Speech Synthesis Device Market to Double in Six Years
Research firm Global Industry Analysts valued the global market for synthesized speech devices at $116.4 million in 2020 and projects it to reach $231.4 million by 2027, growing at a compound annual rate of 10.3 percent.
The firm valued the U.S. market for synthesized speech devices market at $31.5 million. China, the world`s second largest economy, is forecast to reach $49.3 million by 2027. Among other noteworthy geographic markets are Japan and Canada, forecast to grow at 7.1 percent and 8.9 percent respectively through 2027. Germany is forecast to grow at approximately 8.1 percent CAGR through 2027.
Of the 35 technology providers highlighted in the report, the analysts cited Abilia Toby Churchill, AMDi, Lingraphica, Prentke Romich, Saltillo, Textspeak, Tobii Dynavox, Zygo, and Zyteq as leading vendors.