Europe Far-Field Speech and Voice Recognition Market Size, Share & Industry Trends Analysis Report By Offering (Digital Signal Processors, Microphone (Circular Arrays, Single Arrays, and Single Microphone) and Software), By Application, By Country and Growth Forecast, 2023 - 2030
The Europe Far-Field Speech and Voice Recognition Market would witness market growth of 13.6% CAGR during the forecast period (2023-2030).
The market is growing due to increased applications in the retail, banking, connected device, smart home, healthcare, and automotive sectors for voice-enabled virtual assistant systems, voice-activated systems, and voice-enabled devices. Doctors and therapists may transform their speech into a rich, comprehensive clinical statement maintained in the Electronic Health Record (EHR) platform using voice recognition software on mobile phones.
The market is anticipated to be driven by the increasing use of voice-enabled linked systems in smart home automation over the projected period. IoT devices improve a range of often offline equipment by offering innovative user interfaces and standard techniques, such as touch screens and buttons. The expanding usage of voice recognition with speech intelligence in many industrial areas drives regional demand. Several players are combining breakthroughs with voice detection methods to make it easier for businesses to install systems that bolster their contact centers with an AI-based digital workplace.
Numerous people interior businesses in the area are developing online platforms and partnering with e-commerce retail outlets to expand their customer reach. This has spread awareness among the people in the region regarding the presence of innovative products in the market. The increasing number of hotels across the European nations will propel the requirement for smart devices to be used in hotel rooms, such as smart lighting and others. These smart devices are equipped with far-field speech and voice recognition technologies. Thus, due to the factors mentioned above, the market will expand in the upcoming years.
The Germany market dominated the Europe Far-Field Speech and Voice Recognition Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $591.9 million by 2030. The UK market is experiencing a CAGR of 12.7% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 14.5% during (2023 - 2030).
Based on Offering, the market is segmented into Digital Signal Processors, Microphone (Circular Arrays, Single Arrays, and Single Microphone) and Software. Based on Application, the market is segmented into Smart Speakers, Smart TV/STB, Automotive, Robotics and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Andrea Electronics Corporation, Qualcomm, Inc., Cirrus Logic, Inc., Knowles Corporation, Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Infineon Technologies AG, Microchip Technology Incorporated, NXP Semiconductors N.V., STMicroelectronics N.V. and Synaptics Incorporated
Scope of the Study
Market Segments covered in the Report:
By Offering
- Digital Signal Processors
- Microphone
- Circular Arrays
- Single Arrays
- Single Microphone
- Software
- Smart Speakers
- Smart TV/STB
- Automotive
- Robotics
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Andrea Electronics Corporation
- Qualcomm, Inc.
- Cirrus Logic, Inc.
- Knowles Corporation
- Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
- Infineon Technologies AG
- Microchip Technology Incorporated
- NXP Semiconductors N.V.
- STMicroelectronics N.V.
- Synaptics Incorporated
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Far-Field Speech and Voice Recognition Market, by Offering
- 1.4.2 Europe Far-Field Speech and Voice Recognition Market, by Application
- 1.4.3 Europe Far-Field Speech and Voice Recognition Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Market Share Analysis, 2022
- 3.4 Top Winning Strategies
- 3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Jan – 2023, Jun) Leading Players
- Chapter 4. Europe Far-Field Speech and Voice Recognition Market by Offering
- 4.1 Europe Digital Signal Processors Market by Country
- 4.2 Europe Microphone Market by Country
- 4.3 Europe Far-Field Speech and Voice Recognition Market by Microphone Type
- 4.3.1 Europe Circular Arrays Market by Country
- 4.3.2 Europe Single Arrays Market by Country
- 4.3.3 Europe Single Microphone Market by Country
- 4.4 Europe Software Market by Country
- Chapter 5. Europe Far-Field Speech and Voice Recognition Market by Application
- 5.1 Europe Smart Speakers Market by Country
- 5.2 Europe Smart TV/STB Market by Country
- 5.3 Europe Automotive Market by Country
- 5.4 Europe Robotics Market by Country
- 5.5 Europe Others Market by Country
- Chapter 6. Europe Far-Field Speech and Voice Recognition Market by Country
- 6.1 Germany Far-Field Speech and Voice Recognition Market
- 6.1.1 Germany Far-Field Speech and Voice Recognition Market by Offering
- 6.1.1.1 Germany Far-Field Speech and Voice Recognition Market by Microphone Type
- 6.1.2 Germany Far-Field Speech and Voice Recognition Market by Application
- 6.2 UK Far-Field Speech and Voice Recognition Market
- 6.2.1 UK Far-Field Speech and Voice Recognition Market by Offering
- 6.2.1.1 UK Far-Field Speech and Voice Recognition Market by Microphone Type
- 6.2.2 UK Far-Field Speech and Voice Recognition Market by Application
- 6.3 France Far-Field Speech and Voice Recognition Market
- 6.3.1 France Far-Field Speech and Voice Recognition Market by Offering
- 6.3.1.1 France Far-Field Speech and Voice Recognition Market by Microphone Type
- 6.3.2 France Far-Field Speech and Voice Recognition Market by Application
- 6.4 Russia Far-Field Speech and Voice Recognition Market
- 6.4.1 Russia Far-Field Speech and Voice Recognition Market by Offering
- 6.4.1.1 Russia Far-Field Speech and Voice Recognition Market by Microphone Type
- 6.4.2 Russia Far-Field Speech and Voice Recognition Market by Application
- 6.5 Spain Far-Field Speech and Voice Recognition Market
- 6.5.1 Spain Far-Field Speech and Voice Recognition Market by Offering
- 6.5.1.1 Spain Far-Field Speech and Voice Recognition Market by Microphone Type
- 6.5.2 Spain Far-Field Speech and Voice Recognition Market by Application
- 6.6 Italy Far-Field Speech and Voice Recognition Market
- 6.6.1 Italy Far-Field Speech and Voice Recognition Market by Offering
- 6.6.1.1 Italy Far-Field Speech and Voice Recognition Market by Microphone Type
- 6.6.2 Italy Far-Field Speech and Voice Recognition Market by Application
- 6.7 Rest of Europe Far-Field Speech and Voice Recognition Market
- 6.7.1 Rest of Europe Far-Field Speech and Voice Recognition Market by Offering
- 6.7.1.1 Rest of Europe Far-Field Speech and Voice Recognition Market by Microphone Type
- 6.7.2 Rest of Europe Far-Field Speech and Voice Recognition Market by Application
- Chapter 7. Company Profiles
- 7.1 NXP Semiconductors N.V.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Product Launches and Product Expansions:
- 7.1.5.2 Acquisition and Mergers:
- 7.1.6 SWOT Analysis
- 7.2 Qualcomm, Inc.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.5.2 Product Launches and Product Expansions:
- 7.2.6 SWOT Analysis
- 7.3 STMicroelectronics N.V.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Partnerships, Collaborations, and Agreements:
- 7.3.6 SWOT Analysis
- 7.4 Infineon Technologies AG
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Product Launches and Product Expansions:
- 7.4.6 SWOT Analysis
- 7.5 Synaptics Incorporated
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Partnerships, Collaborations, and Agreements:
- 7.5.5.2 Product Launches and Product Expansions:
- 7.5.5.3 Acquisition and Mergers:
- 7.6 Knowles Corporation
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Regional & Segmental Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Partnerships, Collaborations, and Agreements:
- 7.6.5.2 Product Launches and Product Expansions:
- 7.7 Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 Recent strategies and developments:
- 7.7.5.1 Partnerships, Collaborations, and Agreements:
- 7.7.5.2 Product Launches and Product Expansions:
- 7.8 Andrea Electronics Corporation
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.9 Cirrus Logic, Inc.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Regional Analysis
- 7.9.4 Research & Development Expense
- 7.10. Microchip Technology Incorporated
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
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