Far-field Speech and Voice Recognition Market 2019 Growth Outlook and Opportunities By Synaptics Incorporated, Texas Instruments, Andrea Electronics, Cirrus Logic, Microsemi Corporation, DSP GROUP, Qualcomm, Sensory Inc., STMicroelectronics And others

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Market Analysis: Global Far-field Speech and Voice Recognition Market

Global Far-field Speech and Voice Recognition Market is expected to rise from its initial estimated value of USD 969.25 million in 2018 to an estimated value of USD 5400.17 million by 2026, registering a CAGR of 23.95% in the forecast period of 2019-2026. Increasing demand for voice control smart speakers is the major factor for the growth of this market.

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Major Market Competitors/Players: Global Far-field Speech and Voice Recognition Market

Few of the major competitors currently working in far-field speech and voice recognition market are Synaptics Incorporated, Texas Incorporated Instruments, Andrea Electronics, Cirrus Logic, Inc., Microsemi, DSP GROUP, Qualcomm Technologies, Inc, Sensory Inc., STMicroelectronics, HARMAN International, Meeami Technologies Private Limited, Alango Technologies Ltd., XMOS – Queens Quay, MightyWorks, Inc., MATRIX, Fortemedia, Inc., VOCAL Technologies, Vesper Technologies, Inc.

Key Developments in the Market: Global Far-field Speech and Voice Recognition Market

In March 2017, Conexant has announced the launch of their 4-microphone development kit which reduces the audio front end design complexity. It has Smart Source Locator which is used to identify the customer voice and also provide 360 degree noise suppression. Conexant’s AudioSmart™ CX2094 Voice processor help the voice to barge in even in loud music.

In January 2018, Amazon announced the launch of their Amazon Alexa Premium Far-Field Voice Development Kit which especially designed for the Amazon Alexa Voice Services that will make it easier for the OEMs to enable the Alexa products. The main is to bring more Alexa enabled products to the consumers.

Table Of Content: Global Far-field Speech and Voice Recognition Market

Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Far-field Speech and Voice Recognition Market Landscape
Part 04: Global Far-field Speech and Voice Recognition Market Sizing
Part 05: Global Far-field Speech and Voice Recognition Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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Market Drivers: Global Far-field Speech and Voice Recognition Market

Increasing demand for voice controlled smart speakers is driving the growth of this market

Technological advancement and development is driving the market

Market Restraints: Global Far-field Speech and Voice Recognition Market

Increasing awareness among consumer about the privacy is restraining the growth of this market.

Lack of performance of the system in harsh environment is restraining the market.

Competitive Analysis: Global Far-field Speech and Voice Recognition Market

Global far-field speech and voice recognition market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of far-field speech and voice recognition market for global, Europe, North America, Asia Pacific and South America.

Segmentation: Global Far-field Speech and Voice Recognition Market

By Component
o Microphones, Digital Signal Processors (DSP), Software

By Microphone Solution
o Single Microphone, Linear Arrays, Circular Arrays

By Application
o Automotive, Smart TV/STB, Smart Speakers, Robotics, Others

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