Far-Field Speech and Voice Recognition to Reach $3.89 Billion by 2026
Infogence Global Research valued the global far-field speech and voice recognition market at $1.38 billion in 2021 and projects it to reach $3.89 billion by 2026, growing at a compound annual rate of 23 percent.
The research firm defines far-field speech and voice recognition as technology that allows humans to engage with machines. A microphone array detects the users' speech, even in noisy environments, and can identify voices within a range of up to 10 meters.
Infogence says the robust growth is being driven by the rising impact of front-end hardware on speech and voice recognition accuracy and the rise of voice controlled smart home devices and in-vehicle entertainment systems. The fast advancement of artificial intelligence, including deep learning and machine learning (MI) technologies, accelerated the use of smart devices across several sectors.
At the same time, however, accuracy difficulties with far-field speech and voice recognition systems in loud and hostile situations could limit market expansion, Infogence warned.
The report identifies CEVA, Cirrus Logic, Fortemedia, Knowles, Meeami Technologies, Qualcomm, Sensory, Synaptics, and Texas Instruments as industry leaders in this segment.