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Speech Recognition for Consumer Electronics Market – Global Outlook and Forecast 2022-2028

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Product Id: 20245

SKU: 10741

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No. of Pages: 61
Published Date: 04/05/2022

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Report Summary

Speech Recognition for Consumer Electronics Market

Introduction:

Speech recognition, also known as Automatic Speech Recognition (ASR) or Speech-to-Text (STT), is a transformative technology that enables consumer electronics to understand and interpret human speech. This breakthrough in human-computer interaction has revolutionized the way we interact with devices, making them more intuitive and user-friendly.

Market Analysis:

The market for speech recognition in consumer electronics has been steadily expanding, driven by the increasing adoption of voice-activated devices and virtual assistants. The demand for hands-free and intuitive user interfaces has been a significant factor in the technology’s popularity.

Drivers:

  1. Voice Interface Convenience: Speech recognition technology offers a convenient and hands-free way for users to interact with their devices. Consumers can perform various tasks, such as making calls, sending messages, setting reminders, or controlling smart home devices, simply by speaking, without the need to type or press buttons.
  2. Rise of Virtual Assistants: The proliferation of virtual assistants like Amazon Alexa, Apple Siri, Google Assistant, and Microsoft Cortana has been a significant driver for speech recognition in consumer electronics. These AI-powered assistants use speech recognition to understand user commands and respond with relevant information or perform actions, making them highly appealing to consumers.

Restraints:

  1. Accuracy and Reliability Challenges: Despite advancements in AI and machine learning, speech recognition systems may still face difficulties in accurately interpreting certain accents, dialects, or speech patterns. Inaccuracies can lead to frustration among users and reduce confidence in the technology.
  2. Privacy and Security Concerns: The use of speech recognition raises privacy and security concerns, especially when voice data is collected and stored. Consumers may be hesitant to use voice-activated devices due to fears of potential misuse or data breaches.

Speech recognition is the process of aiding a computer identify sounds of human speech and respond to them to give the desired output. Speech recognition is integrated with a wide variety of consumer electronic devices, such as smartphones, tablets, laptops, PCs, smart watches, gaming consoles, and smart TVs.
This report contains market size and forecasts of Speech Recognition for Consumer Electronics in Global, including the following market information:
Global Speech Recognition for Consumer Electronics Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Speech Recognition for Consumer Electronics market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Isolated Word Recognition Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Speech Recognition for Consumer Electronics include Apple, Google, Microsoft and Nuance Communications, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Speech Recognition for Consumer Electronics companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Speech Recognition for Consumer Electronics Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Speech Recognition for Consumer Electronics Market Segment Percentages, by Type, 2021 (%)
Isolated Word Recognition
Keyword Spotting
Continuous Speech Recognition
Global Speech Recognition for Consumer Electronics Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Speech Recognition for Consumer Electronics Market Segment Percentages, by Application, 2021 (%)
Smartphones
Laptops and PCs
Tablets
Smart Watches
Gaming Consoles
Smart TVs
Others
Global Speech Recognition for Consumer Electronics Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Speech Recognition for Consumer Electronics Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Speech Recognition for Consumer Electronics revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Speech Recognition for Consumer Electronics revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Apple
Google
Microsoft
Nuance Communications

Description


Speech recognition is the process of aiding a computer identify sounds of human speech and respond to them to give the desired output. Speech recognition is integrated with a wide variety of consumer electronic devices, such as smartphones, tablets, laptops, PCs, smart watches, gaming consoles, and smart TVs.
This report contains market size and forecasts of Speech Recognition for Consumer Electronics in Global, including the following market information:
Global Speech Recognition for Consumer Electronics Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Speech Recognition for Consumer Electronics market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Isolated Word Recognition Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Speech Recognition for Consumer Electronics include Apple, Google, Microsoft and Nuance Communications, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Speech Recognition for Consumer Electronics companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Speech Recognition for Consumer Electronics Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Speech Recognition for Consumer Electronics Market Segment Percentages, by Type, 2021 (%)
Isolated Word Recognition
Keyword Spotting
Continuous Speech Recognition
Global Speech Recognition for Consumer Electronics Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Speech Recognition for Consumer Electronics Market Segment Percentages, by Application, 2021 (%)
Smartphones
Laptops and PCs
Tablets
Smart Watches
Gaming Consoles
Smart TVs
Others
Global Speech Recognition for Consumer Electronics Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Speech Recognition for Consumer Electronics Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Speech Recognition for Consumer Electronics revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Speech Recognition for Consumer Electronics revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Apple
Google
Microsoft
Nuance Communications

Table of Content


1 Introduction to Research & Analysis Reports
1.1 Speech Recognition for Consumer Electronics Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Speech Recognition for Consumer Electronics Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Speech Recognition for Consumer Electronics Overall Market Size
2.1 Global Speech Recognition for Consumer Electronics Market Size: 2021 VS 2028
2.2 Global Speech Recognition for Consumer Electronics Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Speech Recognition for Consumer Electronics Players in Global Market
3.2 Top Global Speech Recognition for Consumer Electronics Companies Ranked by Revenue
3.3 Global Speech Recognition for Consumer Electronics Revenue by Companies
3.4 Top 3 and Top 5 Speech Recognition for Consumer Electronics Companies in Global Market, by Revenue in 2021
3.5 Global Companies Speech Recognition for Consumer Electronics Product Type
3.6 Tier 1, Tier 2 and Tier 3 Speech Recognition for Consumer Electronics Players in Global Market
3.6.1 List of Global Tier 1 Speech Recognition for Consumer Electronics Companies
3.6.2 List of Global Tier 2 and Tier 3 Speech Recognition for Consumer Electronics Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type – Global Speech Recognition for Consumer Electronics Market Size Markets, 2021 & 2028
4.1.2 Isolated Word Recognition
4.1.3 Keyword Spotting
4.1.4 Continuous Speech Recognition
4.2 By Type – Global Speech Recognition for Consumer Electronics Revenue & Forecasts
4.2.1 By Type – Global Speech Recognition for Consumer Electronics Revenue, 2017-2022
4.2.2 By Type – Global Speech Recognition for Consumer Electronics Revenue, 2023-2028
4.2.3 By Type – Global Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application – Global Speech Recognition for Consumer Electronics Market Size, 2021 & 2028
5.1.2 Smartphones
5.1.3 Laptops and PCs
5.1.4 Tablets
5.1.5 Smart Watches
5.1.6 Gaming Consoles
5.1.7 Smart TVs
5.1.8 Others
5.2 By Application – Global Speech Recognition for Consumer Electronics Revenue & Forecasts
5.2.1 By Application – Global Speech Recognition for Consumer Electronics Revenue, 2017-2022
5.2.2 By Application – Global Speech Recognition for Consumer Electronics Revenue, 2023-2028
5.2.3 By Application – Global Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region – Global Speech Recognition for Consumer Electronics Market Size, 2021 & 2028
6.2 By Region – Global Speech Recognition for Consumer Electronics Revenue & Forecasts
6.2.1 By Region – Global Speech Recognition for Consumer Electronics Revenue, 2017-2022
6.2.2 By Region – Global Speech Recognition for Consumer Electronics Revenue, 2023-2028
6.2.3 By Region – Global Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country – North America Speech Recognition for Consumer Electronics Revenue, 2017-2028
6.3.2 US Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.3.3 Canada Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.3.4 Mexico Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.4 Europe
6.4.1 By Country – Europe Speech Recognition for Consumer Electronics Revenue, 2017-2028
6.4.2 Germany Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.4.3 France Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.4.4 U.K. Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.4.5 Italy Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.4.6 Russia Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.4.7 Nordic Countries Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.4.8 Benelux Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.5 Asia
6.5.1 By Region – Asia Speech Recognition for Consumer Electronics Revenue, 2017-2028
6.5.2 China Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.5.3 Japan Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.5.4 South Korea Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.5.5 Southeast Asia Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.5.6 India Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.6 South America
6.6.1 By Country – South America Speech Recognition for Consumer Electronics Revenue, 2017-2028
6.6.2 Brazil Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.6.3 Argentina Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country – Middle East & Africa Speech Recognition for Consumer Electronics Revenue, 2017-2028
6.7.2 Turkey Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.7.3 Israel Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.7.4 Saudi Arabia Speech Recognition for Consumer Electronics Market Size, 2017-2028
6.7.5 UAE Speech Recognition for Consumer Electronics Market Size, 2017-2028
7 Players Profiles
7.1 Apple
7.1.1 Apple Corporate Summary
7.1.2 Apple Business Overview
7.1.3 Apple Speech Recognition for Consumer Electronics Major Product Offerings
7.1.4 Apple Speech Recognition for Consumer Electronics Revenue in Global Market (2017-2022)
7.1.5 Apple Key News
7.2 Google
7.2.1 Google Corporate Summary
7.2.2 Google Business Overview
7.2.3 Google Speech Recognition for Consumer Electronics Major Product Offerings
7.2.4 Google Speech Recognition for Consumer Electronics Revenue in Global Market (2017-2022)
7.2.5 Google Key News
7.3 Microsoft
7.3.1 Microsoft Corporate Summary
7.3.2 Microsoft Business Overview
7.3.3 Microsoft Speech Recognition for Consumer Electronics Major Product Offerings
7.3.4 Microsoft Speech Recognition for Consumer Electronics Revenue in Global Market (2017-2022)
7.3.5 Microsoft Key News
7.4 Nuance Communications
7.4.1 Nuance Communications Corporate Summary
7.4.2 Nuance Communications Business Overview
7.4.3 Nuance Communications Speech Recognition for Consumer Electronics Major Product Offerings
7.4.4 Nuance Communications Speech Recognition for Consumer Electronics Revenue in Global Market (2017-2022)
7.4.5 Nuance Communications Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List of Tables & Figures


List of Tables
Table 1. Speech Recognition for Consumer Electronics Market Opportunities & Trends in Global Market
Table 2. Speech Recognition for Consumer Electronics Market Drivers in Global Market
Table 3. Speech Recognition for Consumer Electronics Market Restraints in Global Market
Table 4. Key Players of Speech Recognition for Consumer Electronics in Global Market
Table 5. Top Speech Recognition for Consumer Electronics Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Speech Recognition for Consumer Electronics Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Speech Recognition for Consumer Electronics Revenue Share by Companies, 2017-2022
Table 8. Global Companies Speech Recognition for Consumer Electronics Product Type
Table 9. List of Global Tier 1 Speech Recognition for Consumer Electronics Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Speech Recognition for Consumer Electronics Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type – Speech Recognition for Consumer Electronics Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type – Speech Recognition for Consumer Electronics Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application – Speech Recognition for Consumer Electronics Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application – Speech Recognition for Consumer Electronics Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region – Global Speech Recognition for Consumer Electronics Revenue (US$, Mn), 2017-2022
Table 19. By Region – Global Speech Recognition for Consumer Electronics Revenue (US$, Mn), 2023-2028
Table 20. By Country – North America Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2022
Table 21. By Country – North America Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2023-2028
Table 22. By Country – Europe Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2022
Table 23. By Country – Europe Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2023-2028
Table 24. By Region – Asia Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2022
Table 25. By Region – Asia Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2023-2028
Table 26. By Country – South America Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2022
Table 27. By Country – South America Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2023-2028
Table 28. By Country – Middle East & Africa Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2022
Table 29. By Country – Middle East & Africa Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2023-2028
Table 30. Apple Corporate Summary
Table 31. Apple Speech Recognition for Consumer Electronics Product Offerings
Table 32. Apple Speech Recognition for Consumer Electronics Revenue (US$, Mn), (2017-2022)
Table 33. Google Corporate Summary
Table 34. Google Speech Recognition for Consumer Electronics Product Offerings
Table 35. Google Speech Recognition for Consumer Electronics Revenue (US$, Mn), (2017-2022)
Table 36. Microsoft Corporate Summary
Table 37. Microsoft Speech Recognition for Consumer Electronics Product Offerings
Table 38. Microsoft Speech Recognition for Consumer Electronics Revenue (US$, Mn), (2017-2022)
Table 39. Nuance Communications Corporate Summary
Table 40. Nuance Communications Speech Recognition for Consumer Electronics Product Offerings
Table 41. Nuance Communications Speech Recognition for Consumer Electronics Revenue (US$, Mn), (2017-2022)
List of Figures
Figure 1. Speech Recognition for Consumer Electronics Segment by Type in 2021
Figure 2. Speech Recognition for Consumer Electronics Segment by Application in 2021
Figure 3. Global Speech Recognition for Consumer Electronics Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Speech Recognition for Consumer Electronics Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Speech Recognition for Consumer Electronics Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Speech Recognition for Consumer Electronics Revenue in 2021
Figure 8. By Type – Global Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
Figure 9. By Application – Global Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
Figure 10. By Region – Global Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
Figure 11. By Country – North America Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
Figure 12. US Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 15. By Country – Europe Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
Figure 16. Germany Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 17. France Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 23. By Region – Asia Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
Figure 24. China Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 28. India Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 29. By Country – South America Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
Figure 30. Brazil Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 32. By Country – Middle East & Africa Speech Recognition for Consumer Electronics Revenue Market Share, 2017-2028
Figure 33. Turkey Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Speech Recognition for Consumer Electronics Revenue, (US$, Mn), 2017-2028
Figure 37. Apple Speech Recognition for Consumer Electronics Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Google Speech Recognition for Consumer Electronics Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Microsoft Speech Recognition for Consumer Electronics Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Nuance Communications Speech Recognition for Consumer Electronics Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

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